Gmr

  • Delhi Daredevils launch new logo, jersey March 12, 2014

    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 Gurgaon...
  • GMR sells $35 million highway stake to slash debt September 17, 2013

    GMR Infrastructure has 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, said...
  • Maldives anticorruption body finds no misdeed in GMR deal: Reports June 17, 2013

    New Delhi: The Maldives AntiCorruption 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 by...
  • Will restore GMR deal if I return to power: Maldives ex-President March 1, 2013

    Male: Former Maldivian President Mohammed Nasheed spoke to CNN-IBN in his first interview to an Indian TV channel. Speaking to CNN-IBN he said that he will restore the GMR deal with Maldives Airport if he comes to power. "We will restore the deal and will do it in a transparent...
  • GMR gets Rs 450 crore in dues from Air India February 7, 2013

    New Delhi: Airports developer and operator GMR Infrastructure, a part of GMR Group, on Wednesday said it received Rs 415 crore from national carrier Air India on account of airport charges for both Delhi and Hyderabad. "Air India is an important business partner. Air India has made large payments over the...
  • AI clears major share of Delhi, Hyderabad airport dues February 6, 2013

    New Delhi: Air India has cleared a large chunk of its dues to GMRled operators of Delhi and Hyderabad airports, with the latest instalment of Rs 415 crore being paid a few days ago. "It is heartening for us to note that Air India has made large payments over the...
  • 2012 a tumultuous year for Indian aviation December 28, 2012

    New Delhi: It was not a smooth sailing for the Indian aviation industry in 2012 as it saw the grounding of Kingfisher Airlines and financial trouble hitting Air India and other carriers besides a prestigious $ 500 million airport upgrade contract bagged by a leading Indian infra firm being terminated...
  • India tightens visa rules for Maldivians December 18, 2012

    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 December 17, 2012

    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 as...
  • GMR seeks over $800 million from Maldives December 16, 2012

    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 indicating...
  • China, Maldives firm up defence ties amid GMR row December 11, 2012

    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 (Retd)...
  • Termination of GMR contract not to affect ties with Maldives: India December 10, 2012

    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 December 9, 2012

    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 December 8, 2012

    Male: Maldives' staterun MACL on Friday night took over the operations of the Male international airport from GMR after the Indian infrastructure major lost a weeklong legal battle over the "unilateral" termination of its $ 511 million airport modernisation contract. "Maldives Airport Company Limited has taken over the operations of the...
  • Will handover airport to MACL at midnight: GMR December 7, 2012

    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 weeklong 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 December 7, 2012

    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 comes...
  • Maldives can take back airport from GMR: court December 6, 2012

    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 December 5, 2012

    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 December 4, 2012

    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 to...
  • Maldives firm on GMR contract cancellation December 4, 2012

    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 December 4, 2012

    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 December 4, 2012

    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. CNNIBN has learnt that the...
  • India freezes aid to Maldives, ties under stress December 3, 2012

    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 GMRled consortium. The High Court of Singapore suspended...
  • Maldives to take over airport despite court order December 3, 2012

    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 standoff 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 December 3, 2012

    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...
  • Maldives: Termination of GMR contract is a huge setback, says Khurshid November 30, 2012

    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. ...
  • Termination of GMR contract a major setback: Govt November 30, 2012

    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 CNNIBN, the Union Minister said that India has communicated its...
  • 'IndiaMaldives ties will be hit over GMR issue' November 29, 2012

    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, the...
  • Maldives hopes GMR contract termination will not impact ties November 28, 2012

    A diplomatic row is brewing between India and Maldives over the termination of the Male airport contract. ...
  • Maldives rules out reviving airport deal with GMR November 28, 2012

    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 indicated...