GMR Group is currently investing Rs 20,000 crore to expand the existing airports and developing new aerodromes, GM Rao, chairman of the infra major has said. "Airport Development and Construction: GMR Group has set benchmarks for development of world class Airport infrastructure... Your company is currently investing approximately Rs 20,000 crore to expand the existing airports and develop new Aairports," he said in the group's latest annual report. GMR's airport business comprises four operating airports - Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Bidar Airport at Karnataka and Mactan Cebu International Airport in the Philippines.
Private airport developers in Delhi, Mumbai, Hyderabad and Bangalore, say landing and parking fees account for a significant proportion of revenues, so offering these services free would be unviable.
'The speed at which an aircraft lands or takes off, even a single object can work as a bullet.'
GMR Group on Friday said it will divest its entire 40 per cent stake in Cebu international airport in Philippines for an upfront payment of Rs 1,330 crore as well as earnouts to be received over a period of more than four years. The airport is being operated by GMR-Megawide Cebu Airport Corporation (GMCAC) and GMR Airports International BV (GAIBV) holds a 40 per cent stake in the venture. A definitive agreement has been signed between GMR Airports International BV (GAIBV) and Aboitiz InfraCapital Inc (AIC) for the divestment of stake in Cebu airport.
In the wake of high alert sounded in the city on possible terror attack, the incident has baffled security personnel and the Central Industrial Security Force that mans the security of the airport.
Opposition National Democratic Alliance and the Telugu Desam Party members staged a walkout in the Rajya Sabha saying the government's decision was an 'insult' to Telugu people.
Air India has cancelled eight flights, including four international services, on Friday due to enhanced maintenance and operational reasons, the airline said.
India and Russia have solidified a five-year plan to enhance their economic and trade partnership, while also addressing the ongoing conflict in Ukraine and the threat of terrorism.
Infrastructure developer GMR Group plans to set up an airport-based special economic zone near the new Hyderabad International Airport, which it has the mandate to develop.
Addressing close to 700 employees and the leadership team across the Air India headquarters and Air India Training Academy in Gurugram, Chandrasekaran urged them to stay on course, terming the accident the most "heartbreaking" crisis of his career.
With the highest number of confirmed swine flu cases getting registered in Hyderabad, the Andhra Pradesh government has sounded a health alert across the state and directed the authorities to further intensify the screenings of all the inbound passengers at the Hyderabad International Airport.
The airport had asked for a UDF of at least Rs 600 from domestic passengers travelling out of Andhra Pradesh. For passengers travelling within the state, it had demanded a user fee of Rs 350. UDF is the fee levied at the airport on departing passengers to enable the airport developer bridge the gap between expenditure and admissible revenue as stipulated by the ministry guidelines.
Officials said a high alert has been issued to the three facilities after Mumbai Police received an e-mail on Saturday night from a woman living there. The e-mail mentions that the woman overheard six boys talking about a possible aircraft hijack attempt at these facilities, they said.
GMR Hyderabad International Airport Limited (GHIAL) is unlikely to post profit in the near future even after the proposed hike in the user development fee (UDF) from Rs 340 to Rs 420 for domestic passengers and from Rs 907 to Rs 1,656 for international passengers, effective November 1.
Cyclonic storm Fengal has commenced making landfall close to Puducherry and it may approximately take 4 hours for it to cross the coast completely, an India Meteorological Department (IMD) official said. The process of the cyclone's landfall commenced at about 5.30 pm on November 30. The IMD said the forward sector of spiral bands associated with the cyclone has entered into the land and is likely to move west-southwestwards and cross north Tamil Nadu-Puducherry coasts between Karaikal and Mahabalipuram close to Puducherry as a cyclonic storm with a wind speed of 70-80 kmph gusting to 90 kmph during next 3 to 4 hours.
The flights, one each of private full-schedule carriers Kingfisher Airlines (A320) and Jet Airways (B747) will touch down on South Asia's longest runway -- 4,260 metres -- at 4.15 and 4.20, respectively. The first commercial airline to take off on midnight of March 15 is reported to be the German carrier Lufthansa.
Two persons were arrested at the Hyderabad international airport late on Friday night after 10 kg of Mandrix drug was allegedly found in their possession. The drug is estimated to be worth Rs 3 crore in the international market.
New Delhi, Mumbai and Hyderabad airports are among world's best.
Infrastructure developer GMR Infrastructure said on Wednesday it has tied up with Plaza Premium Lounge of Hong Kong for maintaining and managing lounges at the New Hyderabad International Airport.
A 28-year-old student from Nalgonda district was arrested in Hyderabad following his deportation from the United States for allegedly using forged documents to obtain his visa, police said on Wednesday.
Three airports from India are among the world's best airports.
Adani Enterprises Ltd, the flagship incubator of billionaire Gautam Adani's conglomerate, on Thursday reported a 37 per cent drop in March quarter net profit, bogged down by one-time past airport dues and commercial mining losses. Its consolidated net profit of Rs 450.58 crore in January-March - the fourth quarter of fiscal year 2023-24 - compares to Rs 722.48 crore net profit in the same period last year and Rs 1,888.45 crore earning in the preceding quarter, according to a stock exchange filing by the company.
Flight services at Mumbai airport were severely impacted on Monday due to low visibility after heavy rains in the city, leading to runway operations being shut for over an hour and approximately 50 flights being cancelled, sources said.
Slots, parking bays unavailable at major airports
Cricket Australia will support any Aussie player who chooses not to return, as the focus shifts toward international duties -- particularly the World Test Championship final at Lord's on June 11.
They were asked to wait for 72 hours, but the deadline passed on Sunday and the wait seems endless.
The only Indian woman to win two Olympic medals, P V Sindhu was accorded a warm welcome after she landed in her home town on Wednesday following her bronze-medal winning feat in Tokyo Games.
The move came against the backdrop of Turkiye backing Pakistan and its condemnation of India's strikes on terror camps in the neighbouring country and Pakistan-occupied Kashmir under Operation Sindoor.
IndiGo is only behind Qatar Airways, which grew slightly faster at 10.4 per cent in the same period, according to the latest data from Official Airline Guide (OAG) based on 20 top airlines in the world.
The trial run for one week would be applicable for domestic passengers.
Telangana Chief Minister K Chandrashekar Rao will not receive Prime Minister Narendra Modi at the airport, who is arriving in Hyderabad on Saturday to participate in the two-day long BJP National Executive meeting.
Civil Aviation Minister Hardeep Singh Puri Monday said the Airports Authority of India (AAI) will continue to receive revenue share after the government sells its stake in the airports in Delhi and Mumbai. "Those who are raising concerns should also know that the Delhi's airport and the Mumbai airport are on a 60 yr lease. "These & the 6 other airports will be back with AAI after the lease period. So, nothing as they claim, is being 'sold out!" he said on Twitter. Congress leader Rahul Gandhi on Monday attacked the government over reports that it plans to sell its residual stake in the already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports, alleging that such privatisation hurts the public and benefits only a handful of cronies.
It has been lowered to 'IND BBB+' from 'IND A-', besides placing the rating on 'Rating Watch Negative' (RWN).
Under the new norms, passengers coming from 12 'at risk' countries/regions undergo an RT-PCR test and wait for result at the airport before leaving or taking a connecting flight
The matter relates to cheques issued by Kingfisher Airlines to GMR Hyderabad International Airport Ltd, which operates Rajiv Gandhi International Airport, towards charges for using the facilities at the airport for Kingfisher Airlines flights
The metro, it seems, is politics-proof -- even if it comes at a high cost.
Amid concerns of espionage, the Rajasthan administration has intensified security measures along the India-Pakistan border, with authorities in Jaisalmer and Sri Ganganagar banning the use of Pakistani SIM cards.
India's craft chocolate makers are changing the market by using local cacao, creating bold new flavours, making chocolate both a luxury and a story.
