GMR to bid for expanison and modernisation of airports in Serbia, Jamaica
Posted on 21st June 2017 |
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| The GMR group is planning to bid for expansion and modernisation of existing airports in Serbia and Jamaica, as it aims to double airports to 10 under management over the next few years. "We are looking for opportunities both in India and abroad. We have qualified to bid for Belgrade (Serbia) and Kingston (Jamaica) airports," said Sidharth Kapur, president, GMR airports on Tuesday. The group will be partnering with a major European construction firm for Belgrade airport. It is an operational airport with over five-million passenger capacity. The concession period will be for 25 years. Within India, GMR plans to bid for new Bhogapuram airport near Visakhapatnam and privatisation of Nagpur airport. GMR group runs airports in Delhi, Hyderabad and Mactan-Cebu in Philippines. It has won bids to construct a new airport in Goa and to develop and operate an existing airport in Heraklion in Greece. "Our airport business is growing and now contributes around 55-60 per cent to the group's revenue," Kapur said. The group's plan, coming against the backdrop of a turnaround in business, is to further widen its footprint. GMR group posted a net profit of Rs 9 crore in FY17 as against a loss of Rs 2664 crore in FY16. The return to profitability was spurred by good performance in its airport segment. |
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Gold prices slump to Rs 48,900 per 10 gm, Silver rallying at Rs 51,950 a kg
Posted on 11th July 2020 |
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Gold prices on Saturday fell to Rs 48,900 from Rs 49,100 per 10 gram, while silver climbed to Rs 51,950 from Rs 51,900 per kilogram, according to Good Returns website.
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges. |
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Facebook plans to ban political ads before US Presidential election: Report
Posted on 11th July 2020 |
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Facing intense criticism from all quarters, Facebook is planning to ban political ads on its platform like Twitter does as the US inches closer towards the presidential election in November, the media reported on Saturday.
According to a report in CNN Business citing sources, the potential ban on political ads to reduce the spread of disinformation has been under consideration since last fall. |
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RIL closes four Jio stake sale deals, receives Rs 30,062 cr from investors
Posted on 11th July 2020 |
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After Facebook Inc, Reliance Industries has closed deals to sell a minority stake in its digital arm to four other investors, receiving a total of over Rs 30,062 crore.
In a regulatory filing, Reliance said it has closed the sale of 6.13 per cent stake in Jio Platforms with L Catterton, The Public Investment Fund, Silver Lake and General Atlantic. |
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Kolkata: Eden Gardens to be used as COVID-19 quarantine facility for police personnel
Posted on 11th July 2020 |
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Kolkata Police can now use the galleries of Eden Gardens stadium as a makeshift quarantine facility, the Cricket Association of Bengal (CAB) on Friday said.
A meeting at Kolkata Police Headquarter, Lal Bazaar, took place at the Chamber of Special Commissioner Jawed Shamim. It was attended by CAB president Avishek Dalmiya. |
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India sees 27,114 new coronavirus cases, tally crosses 8 lakh-mark
Posted on 11th July 2020 |
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In another highest single-day spike of coronavirus cases, India on Saturday reported 27,114 new cases in the last 24 hours. As many as 519 deaths were reported during this period.
With this, the country's total count has crossed the eight lakh-mark.
The total number of positive cases in the country stands at 8,20,916, including 2,83,407 active cases, 5,15,386 cured/discharged/migrated and 22,123 deaths, according to the Ministry of Health and Family Welfare. |
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