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  • mumbai airport scam

    Mumbai Airport scam: CBI books GVK Group chairman, son for siphoning off Rs 705 cr

    India | Jul 02, 2020, 08:16 AM IST

    The promoters of the GVK group allegedly misused reserve funds of MIAL to the tune of Rs 395 crore to finance their group companies, the CBI has alleged. The agency has alleged that the group inflated expenditure figures of MIAL by showing payments to employees at their headquarters and group companies who were not involved in the running of MIAL causing a revenue loss to AAI, they said.

  • Representational image

    GVK Group cuts salaries up to 30 pc from May amid coronavirus pandemic

    Business | Jun 03, 2020, 05:56 PM IST

    GVK Group has slashed salaries of its staff across companies by up to 30 per cent from May amid the coronavirus pandemic, which has significantly impacted markets and businesses due to a total shutdown of nearly two months, a source said on Wednesday

  • queensland to announce major investment in rail

    Queensland to announce major investment in rail infrastructure

    Nov 17, 2014, 10:27 AM IST

    Brisbane: Australia's Queensland state will announce a major investment in rail infrastructure in the Galilee basin to ensure that one of the mega-mines proposed by India's Adani group and GVK get a clearance next year. Queensland

  • gvk q4 net loss widens to rs 235 crore australia unit in red

    GVK Q4 net loss widens to Rs 235 crore ; Australia unit in red

    May 29, 2014, 09:14 PM IST

    Hyderabad: GVK Power and Infrastructure Ltd, the operator of airports at Mumbai and Bangalore, today said its consolidated net loss widened to Rs 235.5 crore in the fourth quarter ended March 31 from Rs 171

  • kingfisher airlines cheques bounce gvk moves court

    Kingfisher Airlines Cheques bounce, GVK moves court

    Jun 23, 2012, 11:22 AM IST

    Mumbai, Jun 23: After a number of cheques issued by Kingfisher airlines bounced, a consortium led by GVK, India's second largest airport operator, has approached court praying legal action against the airline, reports ‘The Economic

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