Gmr

  • Delhi Daredevils launch new logo, jersey 12-03-2014 06:49 PM

    New Delhi: A colourful skyline and hundreds of kites soaring across various parts of the city marked an innovative launch of Delhi Daredevils' new look and new journey ahead of the seventh edition of the Indian Premier League. Flash mobs flying kites that dotted the skyline across Delhi, Noida and...
  • GMR sells $35 million highway stake to slash debt 17-09-2013 06:32 PM

    GMR Infrastructurehas sold its majority stake in a highway project for about $35 million, as debt-laden companies step up sales of some assets to boost earnings in a sector struggling with a weak economy. GMR, one of the country's best known infrastructure groups, whose interests span airports to power plants,...
  • Maldives anti-corruption body finds no misdeed in GMR deal: Reports 17-06-2013 09:25 PM

    New Delhi: The Maldives Anti-Corruption Commission has found that no misdeed was involved in awarding the Male International airport to Indian company GMR, according to media reports. The $500 million contract with GMR had been terminated by President Waheed in 2012 following the Maldivian coup. The deal had been signed...
  • India tightens visa rules for Maldivians 18-12-2012 07:51 AM

    New Delhi: Reflecting recent strains with Maldives, India has tightened its visa regulations for the citizens of the island nation. Maldivian nationals now intending to stay in India for more than 90 days for medical, study or any other purpose have to obtain appropriate visa otherwise they may face deportation...
  • India tightens visa rules for Maldivians 17-12-2012 07:59 PM

    New Delhi: Reflecting recent strains with Maldives, India has tightened its visa regulations for the citizens of the island nation. Maldivian Nationals now intending to stay in India for more than 90 days for medical, study or any other purpose have to obtain appropriate visa otherwise they may face deportation...
  • GMR seeks over $800 million from Maldives 16-12-2012 04:20 PM

    Male: Indian infrastructure firm GMR will seek a compensation of over $800 million from Maldives for the termination of its airport deal but Male is insisting on a "forensic audit" as it feels the actual amount would be less than half. "We have sent a letter to the Maldivian government...
  • China, Maldives firm up defence ties amid GMR row 11-12-2012 07:44 PM

    Beijing: Amidst a row over termination of Indian infrastructure major GMR's Male airport contract, China and Maldives on Tuesday firmed up their defence ties with Beijing promising to maintain mutually beneficial relations with the Indian Ocean archipelago nation. Chinese Defence Minister Gen Liang Guanglie held talks with Maldivian counterpart Col...
  • Termination of GMR contract not to affect ties with Maldives: India 10-12-2012 02:40 AM

    New Delhi: India on Sunday hoped that termination of the GMR's Male airport project by the Maldives government will not impact its relationship with the neighbouring country. The remarks by External Affairs Minister Salman Khurshid came days after India had expressed unhappiness over the unilateral decision of the Maldivian government....
  • China not behind GMR contract termination: Maldives 09-12-2012 09:58 AM

    New Delhi: According to sources, Maldivian President Mohammed Waheed Hassan has categorically stated that China is not behind his government's decision to scrap the Male airport development contract with GMR Group. The President also indicated that there was a problem right from the beginning in the approach of then president...
  • MACL takes over airport operations from GMR 08-12-2012 12:46 AM

    Male: Maldives' state-run MACL on Friday night took over the operations of the Male international airport from GMR after the Indian infrastructure major lost a week-long legal battle over the "unilateral" termination of its $ 511 million airport modernisation contract. "Maldives Airport Company Limited has taken over the operations of...
  • Will handover airport to MACL at midnight: GMR 07-12-2012 09:43 PM

    Male: The Maldives government is poised to take over the Male International Airport with GMR agreeing to meet the midnight deadline to hand over the operations after the Indian infrastructure major lost a week-long legal battle. "MACL will officially take over the operations of the airport at midnight. A handing...
  • India puts on hold Rs 250 cr loan to Maldives: sources 07-12-2012 12:46 PM

    New Delhi: India has put on hold a Rs 250 crore loan to Maldives, according to sources say. Sources say the loan for bilateral aid has been put on hold due to GMR's eviction. The Maldives government is set to take over the Male airport at midnight on Friday. This...
  • Maldives can take back airport from GMR: court 06-12-2012 01:25 PM

    Singapore: In a major setback to GMR, the Singapore Court of Appeal on Thursday ruled that the Maldives government had the authority to take back Male airport from the company. Maldives President Mohammed Waheed Hassan's Press Secretary Masood Imad said that the government would go ahead with the transfer as...
  • Don't rule out role of foreign hand in Male crisis: GMR 05-12-2012 04:09 PM

    New Delhi: Days after it was unceremoniously thrown out of Maldives airport project, GMR Infrastructure on Wednesday said involvement of a foreign country in Island nation's decision cannot be ruled out. "I can't say that for sure. But, looking at the political situation and political framework in Maldives, I can't...
  • India's stern message to Maldives on GMR issue 04-12-2012 10:24 PM

    New Delhi: In a stern message to Maldives, India on Tuesday 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. In response...
  • Maldives firm on GMR contract cancellation 04-12-2012 09:13 PM

    New Delhi/Male: In the standoff between Maldives and India over the GMR managed airport, Male is adamant that the contract will not be revived, and that it will take control of the airport by December 8. Reacting to the development, the Indian government is now taking matters in its own...
  • Maldives says will take over Male airport 04-12-2012 05:50 PM

    Male: Maldives on Tuesday asserted that it would go ahead with the takeover of the Male International Airport from GMR later this week and said they along with the Indian firm had "worked out" a plan to hand over the running of the airport "without any hiccups". "Yes, we will...
  • Maldives tells India that it can't continue with GMR contract 04-12-2012 12:10 PM

    New Delhi: Maldives is standing firm by its decision to take control of Male airport by December 8. This despite sources saying that India is upset with the development and has decided to freeze an aid of $ 25 million to Maldives, due in 2013. CNN-IBN has learnt that the...
  • India freezes aid to Maldives, ties under stress 03-12-2012 11:25 PM

    Singapore/Male/New Delhi: In a move to put pressure on Male, India has frozen aid to the Maldives as its government on Monday decided to take control of the international airport despite a Singapore court staying the suspension of the contract given to India's GMR-led consortium. The High Court of Singapore...
  • Maldives to take over airport despite court order 03-12-2012 06:05 PM

    Male: Maldives will wrest control of its international airport from India's GMR Infrastructure, cancelling its biggest foreign investment project, despite an order from a Singapore court suspending the project's termination. The stand-off over the $511 million project threatens to cloud foreign investor sentiment on Maldives, which is seeking overseas cash...
  • GMR to continue operations at Male airport in Maldives 03-12-2012 11:34 AM

    New Delhi: A Singapore court on Monday stayed the cancellation of airport contract by Maldives with GMR Group. This has come as a relief for GMR, which will now continue its operations at Male airport in Maldives. The option of legal action in Singapore is provided in the contract GMR...
  • Termination of GMR contract a major setback: Govt 30-11-2012 08:01 AM

    New Delhi: Upset with Maldives for unilaterally deciding to terminate the $500 million GMR airport project in New Delhi, External Affairs Minister Salman Khurshid said it was a major setback in the bilateral relations of the two countries. Speaking to CNN-IBN, the Union Minister said that India has communicated its...
  • 'India-Maldives ties will be hit over GMR issue' 29-11-2012 06:00 PM

    New Delhi: The Ministry of External Affairs is assessing the diplomatic fallout with Maldives over its decision to cancel a $500 million Male airport contract with GMR. Government sources on Thursday said it was inevitable that India's ties with Maldives would be hit over the commercial dispute. According to sources,...
  • Maldives rules out reviving airport deal with GMR 28-11-2012 04:39 PM

    New Delhi: A diplomatic row is brewing between India and Maldives over the termination of the Male airport contract. The Maldivian government has ruled out reviving the $500 million deal with GMR and justified the scrapping by saying it was done purely on legal grounds. The Maldives Attorney General has...
  • Maldives scraps $500 mn GMR contract, India reacts sharply 28-11-2012 07:16 AM

    New Delhi: A diplomatic standoff is brewing between India and Maldives, as in a sudden and unilateral action, Maldives on Tuesday decided to scrap the $500 million contract given to Indian firm GMR Group for developing Male Airport. The Maldivian government had scrapped the deal with Indian firm GMR, deeming...
  • Maldives decides to scrap GMR contract, India reacts 27-11-2012 10:38 PM

    Male/New Delhi: In a sudden and unilateral action, Maldives on Tuesday decided to scrap the $500 million contract given to GMR Group for developing Male Airport, evoking a sharp reaction from India which said it sends a "very negative signal" to foreign investors. The Maldives Cabinet in a meeting on...