Having cleared over 200 special economic zone proposals, the Board of Approval will take up 46 fresh cases on Friday.
The government on Tuesday gave formal approval to the multi-services special economic zone of Mukesh Ambani- promoted Reliance Industries Limited in Gurgaon and in principle approval to the company's port-based SEZ in Rewas.
The finance ministry has opposed the proposed airport at Greater Noida, and has instead favoured upgrading infrastructure at Delhi airport, which it says makes more economic sense. This has come as a shot in the arm for the GMR group, the private sector developer of Delhi airport, which has been opposing another airport so close to the existing one.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
Delhi International Airport (P) Ltd will appoint US-based Parsons Brinkerhoff International Inc as project management consultant for the Delhi Airport Modernisation Project.
Omaxe, L&T and Unitech have already applied for the Rs 200-crore (Rs 2 billion) development projects at Udaipur and Amritsar. The work includes commercial operations and maintenance of the airport terminal building, besides development of 46,268 sq metres and 110,308 sq metres of land for city-side development and cargo handling facilities at Udaipur and Amritsar, respectively.
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
In fact, it is estimated that by 2026, over one-third of Delhi's total projected traffic (82.7 million) will be diverted to Greater Noida airport (28.4 million), and by 2036 when DIAL expects to handle nearly 100 million traffic, Greater Noida will attract 82.7 million passengers.
Bollywood actor Akshay Kumar was on Monday roped in as brand ambassador of the Indian Premier League's 'Delhi Daredevils' team.
The Ambani brothers, Tata group, GVK Group, GMR Group and Larsen & Toubro are among the top players bidding for the greenfield Navi Mumbai airport, the second airport project in Mumbai.
The Supreme Court on Thursday reserved its judgement on an appeal by Anil Ambani firm Reliance Airport Developers challenging the Delhi high court verdict, which upheld the government's decision to allot modernisation of Delhi and Mumbai airports.
Only 9 per cent of the over 2,300 employees of the Airports Authority of India (AAI) working in Delhi airport have opted for a voluntary scheme to join the GMR group-promoted Delhi International Airport Ltd (DIAL), the public-private joint venture that is modernising the airport.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Dismissing the Reliance petition, a bench, comprising Justice Tirath Singh Thakur and Justice B N Chaturvedi, held that the government's action was in no way 'discriminatory, illogical or illegal.'\n\n
Overlooking opposition from the Left parties and airport employees, the government on Tuesday signed two agreements to set up joint venture companies between Airports Authority of India and the GMR and GVK groups.
Losing Delhi airport project to rival GMR-Fraport consortium despite emerging as the top financial bidder, Anil Ambani's Reliance Airport Developers on Monday lashed out at the bid process, saying changes in tender conditions hours before the final d
Each airline operating out of Delhi is expected to get separate terminal space and a third full-fledged runway is to be constructed at the Indira Gandhi International Airport when the first phase of its modernisation is completed by 2008.
DIAL, at its board meeting, decided to extend the offer of employment to all 100 per cent employees of AAI based at IGI Airport, New Delhi, instead of only 60 per cent, GMR Infrastructure informed the Bombay Stock Exchange.
Reliance Energy Limited has outbid seven other companies, including Tata Power and GMR, to emerge as the top contender for building India's first fully independent private power transmission lines.
Transcript of the market chat with Pranav Sanghavi.
Supreme Court on Tuesday dismissed the appeal of Reliance Airport Developers challenging the government's decision to allot modernisation works of Delhi and Mumbai Airports to GMR and GVK led consortia.
The Indian majors had a last minute meeting with civil aviation ministry officials before filing their bids.
Tata Power, GMR Energy and GVK Power are eyeing the capital's Rs 175-cr first waste-to-energy project.
The Dalimia Bharat group, under the memorandum of understanding, would maintain the monument and build basic infrastructure around it and has committed a sum of Rs 25 crore for the purpose over a period spanning five years.
Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
In its petition, Reliance Airport Developers, a company of the ADAE Group, challenged the manner in which the consortium led by it was downgraded as a result of which GMR-Fraport consortium was awarded the contract.
Trade union leader M K Pandhe says the Airport Authority of India can build better airports than private companies.
Transcript of the market chat held on January 17.
GMR Infrastructure, the company which won the contract to modernise the Delhi and Hyderabad airports, is planning to come out with an IPO next week.
Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS
The Board of Control for Cricket in India released pending payments to various stakeholders which include Test match centres, state bodies, match fee of India players besides salary of coaches and commentators.
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