Apple and Google have call-screening features, and Truecaller dominates with its crowdsourced caller database. But Reddy argues these solutions don’t solve India’s unique challenges.
GVK group's GVK Coal Developers had borrowed $1 billion and $159,973,008 from six Indian banks, in 2011 and 2014, to fund its interests in Australian coal and infrastructure projects. While the loans remain unpaid, GVK tried to sell Bengaluru and Mumbai airports without the banks' knowledge.
The Central Bureau of Investigation (CBI) said that during its probe no role of public servants surfaced in the alleged corruption case.
The independent house in Hyderabad’s posh Jubilee Hills area is spread across 6,033 sq ft and was purchased by GV Krishna Reddy, the chairman of GVK Group.
The entry barrier in the business by way of huge investments is high, which gives it a near-monopoly status
The ED will probe if genuine funds were laundered to amass personal assets by illegal routing of funds, officials said.
Even before its charges filed by CBI, Hyderabad-based GVK Group was facing problems in running its airports. The charges could not have come at a more inappropriate time.
The FIR accuses GVK group, chairman GVK Reddy and others of siphoning off Rs 705 crore from Mumbai airport.
In the letter, GVK suggested that 60 percent of the total cost for the event be borne by the nodal plan authority Cidco and the JNPT, both state-run entities.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Adani Transmission, Allahabad Bank, IIFL Holdings and Bata India.
The Hyderabad-based GVK Group is present in energy, airports, transportation, hospitality and life sciences. The group set up the country's first independent power plant is also the first company to develop a six-lane road project under the PPP model.
GVK today said it has decided to exit from Bangalore International Airport Limited by selling its 10 per cent stake to Fairfax India Holdings Corporation for Rs 1,290 crore.
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
When bids for Navi Mumbai airport project open next week, GMR Group and Tata Realty will abstain from bidding for the Navi Mumbai airport project due to "onerous" bid conditions, Business Standard reported Wednesday.
After much delay, the initial bids for development of the Navi Mumbai international airport is likely to be opened early next month, with leading players, including GMR and GVK expected to be in the fray.
Infra major GMR Infra who operates the Delhi and Hyderabad airports has bagged yet another project -- a new airport in Goa.
Flight EY204 from Abu Dhabi landed at Chhatrapati Shivaji International Airport in Mumbai on Sunday on the occasion of Maharashtra Day, the 56th anniversary of the state's formation.
BIAL owns and operates the Kempegowda International Airport Bengaluru (KIAB) under a 30-year concession agreement, with a further 30-year extension option from the Centre.
The airport arm is believed to have more than Rs 3,000 crore debt. "GVK Airport Developers Ltd, a wholly-owned subsidiary of our company has been exploring various options, over a period, to raise funds through PE investors, an IPO among others etc, to reduce its debt burden," GVK Power and Infrastructure said in a filing to the BSE.
Newly-appointed ambassador of European Union Tomasz Kozlowski said the issue of European Union restricting sale of around 700 generic drugs clinically tested by India's GVK Biosciences does not stand any more and both are now set to open a "new page" in their ties. FTA talks between the two sides will be held in January.
ICICI Bank is the consortium leader for Bengaluru airport restructuring while IDBI Bank will be the consortium leader for the Mumbai airport.
An Australian court on Wednesday revoked the government's environmental approval for one of the world's biggest coal mines under construction in the Australian outback by Indian conglomerate Adani Mining.
A recovery in India's credit growth could elude the country's banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China.
According to CIDCO, the Navi Mumbai International Airport Project has four good bids now.