GMR says it "feels cheated" for having the contract cancelled over an illegal component present in it, which they were not aware of.

Long before Male govt started the process that ended in the termination of GMR contract, the deal was at the centre of a heated political d...

The Maldives govt does not have the wherewithal to manage and run this airport. Having done a Dabhol on GMR, they are likely to scare away ...

The first lesson for Indian corporates is that when they invest overseas, they must pay attention to factors like political dispensation & ...

Maldives asserted that it will go ahead with the takeover of the Male International Airport from GMR Infrastructure.

Shares of GMR Infrastructure fell in the afternoon reacting to the Singapore Court of Appeal's ruling that the Maldives government has the ...

“We wanted to explain how ruinous this deal was for Maldives & to seek PM's intervention in perhaps convincing GMR to renegotiate.

Taken by "surprise" over GMR issue, India has conveyed to Maldives that it will have serious consequences on the bilateral ties as it is co...

Khurshid says GMR seems on strong wicket legally and multilateral agencies like International Finance Corporation were involved in original...

India today said it expected no arbitrary and coercive action should be taken pending the outcome of legal proceedings on the GMR contract ...

Indian industry today asked the government to use its diplomatic channel to convince Male government not to terminate the GMR project.

Maldives today asserted that it will go ahead with the takeover of the Male International Airport from GMR later this week.

Stating that GMR Infrastructure has not invested in Maldives "to be compensated", the company has said it will take all "legal remedies" to...

The Maldives govt rejects Singapore court's order to suspend termination diktat; says it will operate Male airport from Saturday

Reacting to the Maldives' stand that its decision was "non-reversible", GMR said sovereign guarantee in the contract should be "respected".

The govt's decision is non-reversible and was based on legal advice we got from our lawyers in UK and Singapore, a Maldives official said.

The government warned Maldives that it might freeze $25-million annual aid to the country amid anger over the cancellation of an airport co...