The GVK Group-run Mumbai International Airport Ltd is upgrading the airport at an estimated cost of Rs 12,380 crore.
The groom's maternal grandad is T Subbirami Reddy, producer and politician.
The GVK Group-run MIAL issued a notice to the airline on Thursday.
Phase-II yet to begin, will take three years to conclude.
Projects having loans with floating interest to take the hit. Hindustan Construction Company, GVK Group and other construction firms may have to settle for lower returns from their projects as rising interest rates are expected to hurt profitability of roads, power, ports and airports.
The Anil Ambani group's Reliance Infrastructure and Hyderabad-based Lanco Infratech have so far purchased the Request for Qualification applications for taking up the Rs 12,132-crore (Rs 121.32 billion) Hyderabad Metro Rail project.
The Mumbai airport has two runways intersecting each other and only one is fully operational. The other one is used only during peak traffic.
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.
GVK Skycity's 20-million sq ft commercial space will be bigger than that in BKC; bids invited for first phase.
Sania Mirza has got a wild card entry for the season-opening Grand Slam, beginning next month in Melbourne.
GVK-owned three companies will be merged with another group company -- Novopan Industries Ltd -- for a consideration of Rs 25.32 crore (Rs 253.2 million) to consolidate the particle boards operations of the group.
The Hyderabad girl gets a berth following her top 10 ranking in the juniors.
GVK Biosciences is the latest Indian firm to come under international scrutiny over quality issues.
Leading the Opposition attack over the Adani-Hindenburg issue in the Lok Sabha, Rahul Gandhi on Tuesday linked Gautam Adani's meteoric rise to Prime Minister Narendra Modi's coming to power and said "magic" happened after 2014 that propelled the businessman from the 609th to the second spot on the global rich list.
Adani said he expected the number of flyers in the country to grow five-fold, which means India would require 200 additional airports to handle over 1 billion domestic and international passengers across the tier-1, -2 and -3 cities.
Navi Mumbai airport's construction is facing delays, and is likely to commence commercial operations in 2025 instead of 2024, aviation consultancy firm CAPA has said in a report. When asked about this matter, the Adani Group told Business Standard that the Navi Mumbai airport project is "being executed as per scheduled implementation plan and will be operational by the original target date of December, 2024, without any delay". Navi Mumbai International Airport Limited (NMIAL), responsible for both the construction and operation of the airport, is a subsidiary of the Adani Group.
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
Tata Steel, others sell assets abroad after taking massive impairments.
Kingfisher has faced lawsuits from GMR and GVK-group run airports and also faced cases of cheque bouncing.
Wishlist for new PM includes growth boosters, reining in inflation, faster project clearance and reversal of Land Acquisition Act
Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.
They shouted slogans against the signboard when the airport is named after Chhatrapati Shivaji Maharaj.
Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead. On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation. However, analysts suggest investors put their best foot forward and buy these counters only on a decline given the recent rally and economic headwinds.
With passenger growth pegged at 14 to 15 per cent, airport infrastructure could be a make or break business for both new players and incumbents.
Union says move to privatise four more airports violates Tripartite Panel recommendations that govt accepted long back
In a bid to strengthen their bilateral economic ties, India and Indonesia plan to explore opportunities for co-operation in oil and gas, and railway sectors, among other areas.
Prithviraj Chavan will inaugurate the elevated road linking the western express highway to T2 on Wednesday morning.
This is part of the initiatives that the ministry is undertaking to use technology in order to make airport check-in seamless and formation of a no-fly list.
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.
It is likely the airports - Chennai, Kolkata, Kochi, Pune, Ahmedabad, Jaipur, Lucknow and Guwahati - will be bid out for 30 years and the tariffs will be fixed upfront.
Besides, as many as 44 per cent of the incoming flights were delayed by an average 8 minutes.
The airport operator currently levies a development fee of Rs 600 from an international passenger and Rs 100 from a domestic traveller.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
'This is part of our efforts to make it easier to do business.'
Adani Enterprises recently also inked a pact to buy out Linc Energy's royalty rights from the Carmichael coal project for AUD155 million.
With Indian infrastructure companies burdened with debt, global PE funds and developers sense an opportunity to buy the airports cheap
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