The Delhi Daredevils, IPL's Delhi team which is owned by the GMR Group, has recruited a student of the Postgraduate Programme in Public Policy and Management (PGP-PMP) from the institute to manage its operations. Colonel Vinod Bisht, the student, has been hired as assistant vice-president (operations) for the company for a Rs 30-40 lakh package.
After two miserable seasons in charge as Delhi Daredevils' chief coach, South African Gary Kirsten was relieved from his duties on Monday.
Audit firm PricewaterhouseCoopers, which has major companies like HCL Infosystems, GMR Group, Bosch, and Maruti Suzuki among its over 100 clients in India, faces a possible axe after its role has come into question in the Satyam fraud case, of about Rs 7,800 crore (Rs 78 billion).
Large proportion of the international traffic is also diverted through other airports due to lack of operational facilities for convenient links through Hyderabad.
Company working on 'win-win' solution.
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.
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.
The Tamil Nadu government on Monday entered into a joint venture with Hyderabad-based GMR Infrastructure Ltd to set up a multi-product Special Economic Zone in the state's Krishnagiri district at a cost of Rs 2,300 crore (Rs 23 billion).
Delhi International Airport, a subsidiary of GMR Infrastructure, will absorb all general employees of Airports Authority of India, working at Indira Gandhi International Airport, New Delhi. There are over 2,300 general employees of AAI.
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.
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 government is considering setting up air freight stations to enable direct movement of vaccines from pharmaceutical factories to the aircraft.
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.
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.
GVK Group that runs the swanky MIAL (Mumbai international airport) pipped rival GMR Group to bag the contract for the proposed facility in Navi Mumbai which will ease the severe congestion at the Chhatrapati Shivaji International Airport.
GMR's team will be based in Johannesburg with young Protea paceman Kagiso Rabada as its marquee player while Khan's outfit will be based in Cape Town with left-handed batsman JP Duminy as the marquee player.
GMR Infra's exit from this project, expected this year, will mark the company's waning global presence after a very aggressive expansion.
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.
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.
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.
At present, the Mactan Cebu International Airport can handle seven million passengers a year
Offers 12.60% in revenue share to Cidco, while only other bidder GMR offered 10.44%.
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.
DIAL is a joint venture consortium of GMR Group, Airports Authority of India, Fraport and Malaysia Airports Holdings Berhad.
Tata Group's Chairman Emeritus Ratan Tata said corporates who are eager to please the shareholders need also to focus on social issues such as these.
Telugu Desam Party president N Chandrababu Naidu was sworn in as the first chief minister of new Andhra Pradesh at a function at Nagarjuna Nagar, 18 kms from Vijaywada on Sunday.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
Assets that are on the block include loans, proprietary bond and equity investments.
Bengaluru and Delhi airports had the fastest growth in passenger traffic in 2016 among global peers.
The Bollywood actress and businesswoman co-owns the Indian Premier League (IPL) side Kings XI Punjab and has now expanded her cricket empire to include the Stellenbosch Kings in South Africa's newly-launched T20 Global League.
The expansion of the terminal is expected to raise the annual passenger capacity of the airport to 12.5 million.
One reason is that airlines have ramped up capacity and expanded their presence in tier-II markets. The first of a three-part series analyses how the aviation industry is an outlier in the midst of an overall economic slowdown.
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.
The regulator has been facing criticism from aviation experts who believe it has been lenient on the issue.
UP government renews proposal for one at Jewar, 100 km from Delhi
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