Blackstone looks to return to Trans Maldivian cockpit as lenders look to exitBlackstone is nearing a deal to reacquire Trans Maldivian Airways, eight years after selling it to a Bain Capital-led consortium. The airli...
07 Mar, 2025, 06.14 AM IST
Maldives government suspends three ministers who made derogatory remarks against PM ModiThe Maldives is India's key maritime neighbour in the Indian Ocean Region (IOR) and occupies a special place in its initiatives like 'SAGAR...
07 Jan, 2024, 06.30 PM IST
Maldives election could be key for China-India rivalryThe upcoming presidential election in the Maldives could turn out to be important in determining whether China or India will gain more infl...
06 Sep, 2023, 01.49 PM IST
India is a brother, but China a long lost cousin found: Maldives envoyMaldives will further embrace Chinese investment but is aware it risks getting caught between China and India, Mohamed Faisal told South Ch...
23 Mar, 2018, 06.21 PM IST
China opposes Indian military intervention in Maldives"The current situation in Maldives is its internal affairs," said China's Foreign Ministry spokesman, adding that China believes in the pri...
07 Feb, 2018, 03.08 PM IST
Island paradise becomes latest flashpoint in India-China rivalryThe political drama has sparked concern in India, which said last week in an unusually strong statement that it’s “imperative” for the gove...
07 Feb, 2018, 03.00 PM IST
Bain, Chinese partner buy Blackstone’s sea plane fleet operator in Maldives for $500 mnOnce completed, this will be the biggest exit by Blackstone across Asia, giving them a 4.8 times returns multiple on a 4-year investment.
22 Dec, 2017, 04.44 PM IST
Tata Housing ventures into East Africa property marketTata Housing Development Company is venturing into East Africa property market with its projects in Kenya and Tanzania spread over 70-acre ...
18 Apr, 2017, 01.55 AM IST
The Oberoi Group to manage a luxury resort in MaldivesThe two parties have signed a Memorandum of Understanding (MOU) with the Government of Maldives to build the resort property.
03 Mar, 2016, 01.34 PM IST
How TMA thrives in a tough aviation industry of Maldives?A great example of an airline thriving in a tough industry is TMA, created in February 2013 by the merger of Maldivian Air Taxi and Trans M...
10 Dec, 2015, 05.35 AM IST
Government considering 19 proposals entailing Rs 30,552 crore investmentAs many as 19 proposals with an estimated investment of Rs 30,552.45 crore is under the consideration of the govt, Parliament was informed.
05 Aug, 2015, 06.16 PM IST
Indian Hotels reports Q1 net loss of Rs 19.09 croreTata Group firm Indian Hotels Company reported narrowing of its consolidated net loss at Rs 19.09 crore for the first quarter ended June 30...
12 Aug, 2013, 05.17 PM IST
Indian hotel firm to invest $150 million to build Maldives resortA leading Indian hotel firm will invest $150 million to develop a high end resort for well heeled tourists in Maldives.
25 Jul, 2013, 02.09 PM IST
- Tata Sons hikes stake in IHCL by 4.78% for Rs 497.47 crore
The IHCL today said Tata Sons Ltd has increased stake in it by 4.78 per cent to 24.36 per cent at an investment of Rs 497.47 crore.
27 Jun, 2012, 04.40 PM IST
- SBI not to extend fresh loans and investments in Maldives due to political turmoil
SBI's three branches enjoy a dominant position in Maldives, holding a quarter of its deposits and 42% loans.
18 Feb, 2012, 06.13 AM IST
- Maldives government to honour all deals with foreign companies
The Maldives government on Monday committed to honour all business agreements with foreign companies that wish to invest in the country.
21 Dec, 2011, 03.48 AM IST
- Claridges to invest Rs 1,200 cr to add 1,500 rooms in 5 yrs
Hospitality firm Claridges Hotel Pvt Ltd will invest about Rs 1,200 crore to add up to 1,500 rooms in the next five years as it plans to ex...
01 Apr, 2008, 04.31 PM IST