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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BoB, PNB, other lenders hold 2-day meeting to generate ideas for growth
Posted on 19th August 2019 |
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Public sector lenders, including PNB, BoB and Corporation Bank, have organised a two-day consultation process at branch level, seeking suggestions to make the sector future ready and be a catalyst in economic growth. The consultations were held over a period of two days from August 17-18 under the direction of Department of Financial Services, Ministry of Finance. |
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Sebi to ease buyback norms for companies with housing finance, NBFC arms
Posted on 19th August 2019 |
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Capital markets regulator Sebi is planning to ease its norms for buyback of shares by listed companies, especially those having subsidiaries in housing finance and NBFC sectors. According to top officials, a proposal in this regard is expected to be discussed by Sebi’s board at its meeting this week. The repurchase of shares by listed companies is governed by the Buyback Regulations of the Securities and Exchange Board of India (Sebi) as well as by the Companies Act. |
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Paytm promotes CFO Madhur Deora as President
Posted on 19th August 2019 |
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New Delhi: Gearing up for the next phase of growth in consumer Internet and financial services, digital payments player Paytm on Monday announced the promotion of its Chief Financial Officer Madhur Deora as the company's President. Prior to joining Paytm in October 2016, Deora served as Managing Director in Citigroup's investment banking business. |
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State Bank of India mulls repo-linked home loans for existing borrowers
Posted on 19th August 2019 |
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Kolkata: State Bank of India said it is contemplating extending the benefit of the repo-linked lending rate to the existing home loan borrowers while hoped for better traction in consumer demand in the second half of the fiscal expecting the government to offer fiscal stimulus. |
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Apollo Hospitals’ profit focus is key to retaining investor interest
Posted on 19th August 2019 |
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Shares of Apollo Hospitals Enterprise Ltd have gained 10% since it announced its June quarter results on 13 August. With the performance reassuring investors on asset optimization and profit metrics, the stock hit a new 52-week high of ₹1,4687 on Friday. Losses the company’s new ventures, housed under Apollo Health and Lifestyle Ltd, reduced significantly. |
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