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

India | July 02, 2020 8:16 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.

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

Business | June 03, 2020 17:56 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 infrastructure

November 17, 2014 10:27 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

May 29, 2014 21:14 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

June 23, 2012 11:22 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