UK-based Alpha Airports and Future Group's Pantaloon Retail have won a contract valued at Rs 500 crore (Rs 5 billion) to set up duty-free shops at Indira Gandhi International Airport in New Delhi.
GMR, which is leading a joint venture to modernise the Delhi airport, on Tuesday said it would construct a fourth runway here to cater to a projected 37 million passengers.
'Agreements signed between the Maldives and China have seriously worried India.'
In the upcoming round of privatisation, unviable airports are likely to be clubbed with six main airports and a prospective bidder may be restricted to bid for two airports.
The cricket icon is a co-owner of the Chennai franchise, one of the new teams added to the sport league
The new terminal, to be made operational by 2010 as part of phase one of modernisation, will augment the airport's passenger handling capacity from the present 16.24 million per annum to 37 million per annum.
Currently, the investor and his family's net worth in listed firms stands at Rs 8,517 crore, compared to Rs 8,388 crore as of March 31, 2020.
The Bench while declining to stay the reported agreement recalled its own order that any action taken in this regard would be subject to the court's final decision on the tender controversy.\n\n
Hit by scams in recent times, the IPL is yet to prove a good business move for its franchisees.
The government is considering setting up air freight stations to enable direct movement of vaccines from pharmaceutical factories to the aircraft.
India's billionaires are pledging a decent amount of their wealth for the welfare of society.
Major corporates are staring at an uncertain future after investing substantially on their projects
The GMR group-run Delhi and Hyderabad airports have not only been gleaming examples of successful public-private partnerships, but they are also among the country's favourites.
A colourful skyline and hundreds of kites soaring across various parts of the city marked an innovative launch of Delhi Daredevils' new look and new journey ahead of the seventh edition of the Indian Premier League.
Apart from the Adani group, the Tata group, the Hinduja group, Indigo and a New York-based fund, Interups, are expected to submit EoIs.
Mallya is understood to be in the UK after he left India on March 2.
India's civil nuclear liability regime has raised serious questions about the country's capacity addition programme. In an interview with Sanjay Jog, G R Srinivasan, former vice-chairman of the Atomic Energy Regulatory Board and currently principal associate-nuclear power business in GMR Energy Ltd, says the regime is tremendously unbalanced and may adversely affect the nuclear capacity addition programme.
'Nothing in this world is permanent. So also in business.' 'And more so in family businesses where family issues often influence business decisions,' point out S Subramanian and Nupur Pavan Bang.
After GMR Infrastructure pulled out of the Ahmedabad-Kishangarh highway project, there were reports that delays in getting green clearance was one of the reasons behind the infrastructure firm's decision.
Flying out of Delhi would become cheaper from Tuesday, with the development fee (DF) charged by the operator of IGI airport here being reduced by Rs 100for domestic and Rs 700 per international passenger.
Bilateral investment treaties can adversely impact policy space for governments
Maldives will go ahead with the transfer as scheduled, said Press Secretary Masood Imad.
Global businesses still believe that India consumption story is intact despite the slowdown of the past couple of years.
A case has been filed against the airline in Nampally criminal courts in Hyderabad.
GMR, GVK have taken up the issue with civil aviation ministry.
A court warrant in India against billionaire Vijay Mallya over his airline business has no repercussions for his Force India Formula One team, deputy principal Bob Fernley said on Sunday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Masood Imad, media secretary to the Maldivian President, says: "We have asked MACL to hire a firm like KPMG to conduct a forensic audit of the firm's accounts.
The UPA Government is trying to push through the second wave of airport privatisation before the elections and the controversial elements of this process threaten to harm the sector.
Delhi Daredevils has appointed former England cricketer Jeremy Snape as the team's performance coach for the Indian Premier League season.
The fairy tale turnaround story has, however, taken a few knocks after a second wave of the pandemic has brought a series of default notices and has posed the toughest test for the 55-year old Singh to save the airline he founded and sold to the Marans only to assume control later.
Seeking to mollify New Delhi after intemperate anti-India remarks by a key presidential aide, Maldives has given profound apology as a USD 514-million airport project carried out by Indian company GMR became a target of political football.
The company on Monday said, in a communication to the stock exchanges, that it had terminated an agreement it had with the National Highways Authority of India.
UP government renews proposal for one at Jewar, 100 km from Delhi
A Hyderabd court issued a non-bailable warrant against Kingfisher as well as Mallya on Friday in a cheque bounce case, said a Times Now report.
Anti-corruption-activist-turned -politician Arvind Kejriwal has emerged as the 'new theme' for stock market traders.
L&T IDPL, Gammon, IL&FS in race for Rs 21,147-cr Mumbai elevated rail corridor
India has appointed Rajeev Shahare as the new high commissioner to Maldives replacing incumbent D M Mulay.
India Gas Solutions the equal joint venture between the two companies, is looking to sell LNG to five power producers in Andhra Pradesh - GMR, GVK, Lanco Infratech, Sravanthi Energy and Konaseema Gas.
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