G V Sanjay Reddy, vice chairman of the GVK Group, elaborates on his plans for the much-awaited Mumbai airport makeover.
GVK Skycity's 20-million sq ft commercial space will be bigger than that in BKC; bids invited for first phase.
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.
Private players GMR and GVK groups formally took charge of the managements of the Delhi, Mumbai airports with a view to make them world-class airports.
Sania Mirza has got a wild card entry for the season-opening Grand Slam, beginning next month in Melbourne.
Besides, as many as 44 per cent of the incoming flights were delayed by an average 8 minutes.
Tata Steel, others sell assets abroad after taking massive impairments.
The Hyderabad girl gets a berth following her top 10 ranking in the juniors.
The Airports Economic Regulatory Authority has turned down Bengaluru International Airport Ltd's (BIAL) proposal to increase User Development Fee (UDF) by 239 per cent for domestic and 79 per cent for international departing passengers from the airport.
Kingfisher has faced lawsuits from GMR and GVK-group run airports and also faced cases of cheque bouncing.
Union says move to privatise four more airports violates Tripartite Panel recommendations that govt accepted long back
Offers 12.60% in revenue share to Cidco, while only other bidder GMR offered 10.44%.
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.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Prithviraj Chavan will inaugurate the elevated road linking the western express highway to T2 on Wednesday morning.
Rao exuded confidence that his party will win 90-plus seats in the 119-member assembly and will not take support from other parties.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
The airport operator currently levies a development fee of Rs 600 from an international passenger and Rs 100 from a domestic traveller.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
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.
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.
GVK Biosciences is the latest Indian firm to come under international scrutiny over quality issues.
'This is part of our efforts to make it easier to do business.'
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
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.
Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS
Wishlist for new PM includes growth boosters, reining in inflation, faster project clearance and reversal of Land Acquisition Act
With Indian infrastructure companies burdened with debt, global PE funds and developers sense an opportunity to buy the airports cheap
Adani Enterprises recently also inked a pact to buy out Linc Energy's royalty rights from the Carmichael coal project for AUD155 million.
New Delhi, Mumbai and Hyderabad airports are among world's best.
Vistara starts flying in India.
Indian companies struggle to escape debt burden as profit slows.
Under the hybrid-till model, a portion of non-aeronautical revenue (commercial revenue) at the airport is taken into consideration while fixing the landing and parking charges, user fees and other aeronautical charges.
A ministry spokesperson said he wasn't aware of the development.
Companies write off investments, shed assets as initial projections go haywire
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