Male Airport

Axis Bank, Male airport tussle to end soon

The arbitration process which had begun in July 2013 between Axis Bank and Maldives government over the Male airport is expected to conclude by April.

No chance of GMR return in airport project: Maldives Prez

Asserting that Maldives has nothing against GMR, newly-elected Maldivian President Abdulla Yameen said his administration was committed to resolve the dispute with the Indian firm amicably. The President has already talked about a out-of-court settlement in the matter.

GMR gets respite in Male Airport issue

The anti-corruption committee in Maldives has said that no elements of corruption went into the award of the Male airport contract that was awarded to GMR for the expansion of the existing airport.

GMR slips 2% on exiting Rajasthan highway project

GMR Infrastructure slipped over 2% to Rs 20.10 after it informed the bourses on Monday evening about its decision to exit the Kishangarh-Udaipur-Ahmedabad highway project.

GMR's Male Airport: Malaysia to discuss issue with PM

Malaysian Prime Minister Najib Tun Razak, who is scheduled to visit New Delhi for India-Asean meet between December 20-21, is likely to discuss with Prime Minister Manmohan Singh the issue of GMR's now scrapped Male Airport project in which MAHB holds 23 per cent stake.

GMR up on reports to sue Maldives for cancelling contract

GMR Infra is planning to seek compensation of over USD 800 million from the Maldives government after it was forced to hand over Male airport to the latter, states a report in the Economic Times.

Why Maldives took over Male Airport from GMR

GMR-Male Airport tussle has come to a close with the Maldives government taking over the airport last week. While GMR and Indian industry bodies have termed the termination of a 25-year contract unlawful, a report in Business Standard explains the other side of the story.

If managed well, Male Airport can make money: Masood Imad

Masood Imad, media secretary at President's Office Male confirmed that it was not an interim order but in fact a â€˜fait accompli‘ issued by the Surpeme Court of Singapore. â€œThere is no other court of appeal on this issue." he further added.

Hard effects if no legal route followed: India to Maldives

Taken by "surprise" over GMR issue, India has conveyed to Maldives that it will have serious consequences on the bilateral ties as it is considering a "series of options", including slowing down cooperative programmes, if legal course is not followed.

Ending airport contract will hit Maldivians hard: GMR

GMR Infra, which is on the verge of fighting a legal battle with Maldives government over the termination of Male Airport project, said that it won the project in the most transparent manner in 2010.

GMR-Male rift: MEA says arbitrary steps shouldn't be taken

In a stern message to Maldives, India said it expected no arbitrary and coercive action should be taken pending the outcome of legal proceedings on the GMR contract issue and warned that recourse to any such action would have adverse consequences for bilateral relations.