Aviation Minister Praful Patel's outburst against Planning Commission Deputy Chairman Montek Singh Ahluwalia is perhaps not difficult to understand since most people think it was actually Patel who should have been keeping an eye on the delays at the Delhi airport.
Risk perceptions will impact India's risk-rating, say experts.
After losing out to Bangalore-based GMR group for the controversial Delhi airport modernisation contract, Anil Dhirubhai Ambani group is now set to battle it in Prague, the capital of the Czech Republic, for which bids are shortly to be invited. Late last week, ADAG company Reliance Airport Developers Private Limited submitted an expression of interest to the Prague airport authorities. the ADAG company is willing to take a 100 per cent stake in the airport.
Even after getting the civil aviation ministry's nod to levy user development fee on international passengers, the GMR group-promoted Hyderabad airport has decided not to impose the levy for at least a month. GMR has already decided to exempt domestic passengers for the time being. "We have decided to let issues like groundhandling charges stabilise before taking a call," said a Hyderabad airport executive.
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.
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.
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).
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.
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 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).
'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.
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.
After two miserable seasons in charge as Delhi Daredevils' chief coach, South African Gary Kirsten was relieved from his duties on Monday.
Bollywood actor Akshay Kumar was on Monday roped in as brand ambassador of the Indian Premier League's 'Delhi Daredevils' team.
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 government is considering setting up air freight stations to enable direct movement of vaccines from pharmaceutical factories to the aircraft.
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.
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%.
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.
DIAL is a joint venture consortium of GMR Group, Airports Authority of India, Fraport and Malaysia Airports Holdings Berhad.
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.
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.
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.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Assets that are on the block include loans, proprietary bond and equity investments.
The expansion of the terminal is expected to raise the annual passenger capacity of the airport to 12.5 million.
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.
