Sources tell CNBC-TV18 that GMR Infrastructure is likely to sell 23 percent stake in Hyderabad Airport to Abu Dhabi Investment Authority.
There are many Indian companies that have very high level of indebtedness. However, if the resolution doesn’t impact the banking system as a whole, these companies are unlikely to deserve significant attention.
The survey shows that Hyderabad Airport has steadily improved its score from 4.4 in 2009 to 4.9 in 2016 (measured on scale of 1 to 5), according to a GHIAL statement.
Axis Bank was the biggest loser among Sensex stocks, down 3.6 percent followed by ICICI Bank, L&T, HDFC, Bharti Airtel, Maruti and Tata Motors while Reliance Industries gained 4.7 percent.
The City and Industrial Development Corporation (CIDCO), for the second time on January 25, 2017, extended the deadline for submitting bids for the Navi Mumbai Airport to February 13, as it received only one R
The Multi-Modal Transit System (MMTS) Phase-II will be commissioned partly by the end of December 2017 and the total stretch of the project will be commissioned by the end of December 2018, revealed Vinod R
Diversified GMR Infrastructure today said it along with Greek partner GEK Terna Group has put in a bid for developing an airport in Greece.
Putting in place disclosure norms for Infrastructure Investment Trusts (InvITs), Sebi on Thursday said the offer document will contain financial information, related party transactions and past performances.
The Airport Carbon Accreditation has upgraded Delhi Airport to highest level of certification -- a level 3+ neutrality -- available to airports across the world, according to a release.
Promoters of Aurobindo Pharma are likely to sell around 3-4 percent stake in the company for their personal fund requirement.
The markets watchdog, the Securities and Exchange Board of India (SEBI), has finally granted approval to three companies â€“ IRB Infrastructure, GMR and MEP Infrastructure â€“ to launch infrastructure investment trusts (InvITs). Accordingly, these R
More than two years after markets watchdog Sebi had issued guidelines for infrastructure investment trusts (InvITs), the regulator has finally granted three companies -- IRB Infrastructure, GMR and MEP Infrastructure -- to launch the trusts
Dilip Buildcon | Bank of Baroda | Lupin | L&T | IRB Infrastructure | Parag Milk | Indiabulls Real | Corporation Bank | HSIL | VST Industries | Ashapura Minechem | SPML Infra | Maxwell Industries | Camlin Fine | Suven Life | Dalmia Bharat Sugar | UltraTech Cement and Jaiprakash Associates are stocks, which are in the news today.
The international aerodrome in the national capital is operated by Delhi International Airport (P) Ltd -- a public private partnership where diversified group GMR, Airports Authority of India (AAI) and Germany's Fraport are the stakeholders.
For the auction of subsidy support, 16 bidders have been technically qualified, sources said. Power producers bidding for the lowest subsidy support, will get the first right over the fuel.
UBS has slashed FY16 and FY17 earnings estimates by 15 percent and 16 percent respectively to factor in higher credit costs of 104 basis points. It expects 13 percent earnings growth in FY16.
Mangalore Chemicals | Suzlon Energy | ONGC | Eros | CHD Developers | NIIT Tech | L&T Finance | GMR | Bharti Airtel | Tata Steel and Power Grid are stocks | which are in news today.
Reliance Industries | Torrent Power | NTPC | GMR | Lupin | Man Industries | Tata Motors | Idea Cellular | Nitesh Estates | IOC and GAIL are stocks, which are in news today.
GMR's Delhi International Airport is finding itself in the Comptroller & Auditor General's cross-hairs once again. This time, sources say the CAG wants a special audit to see if the Airports Authority of India is losing out on revenues, reports CNBC-TV18‘s Sindhu Bhattacharya and Malvika Jain.
Jan Dehn Head-Research, Ashmore Investment Management is not perturbed by the intense sell-off in Indian equities. The Indian story is far from over, he tells CNBC-TV18 adding incremental government spending can add 10 percent to indices in one year.
According to CIDCO, the Navi Mumbai International Airport Project has four good bids now.
Shares of GMR Infra slipped 7 percent intraday. The board has agreed to raise Rs 1401.83 crore via rights issue. Issue price is finalised at Rs 15 per equity share. Earlier in July, the Bengaluru-based infrastructure had raised Rs 1477 crore through issuing shares to qualified institutional investors.
Amelia North is in Madhya Pradesh and has a reserve of 70.28 million tonne. This is meant for the power sector and there are 11 qualified bidders for this, which include some of the major power players.
GMR has approached the Civil Aviation Ministry with an unusual proposal - it wants the government to offset the revenue share DIAL is obliged to pay to the Airports Authority of India against Air India's dues to DIAL.
"Kolkata and Chennai airports have already seen huge investments by the Airports Authority of India but continue to be poorly managed. In all likelihood, these two airports will not be on the PPP map," the source said.