The Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...

Philippines earthquake videos: A powerful magnitude 7.8 earthquake struck the southern Philippines, causing buildings to shake and promptin...

A businessman was wrongly jailed for 57 days after airport security mistook aamchur and garam masala for narcotics. The Madhya Pradesh High...

Companies across aviation, retail, and manufacturing are implementing price hikes and cost-cutting measures. Disruptions to supply chains a...

Tensions are high as Russia prepares for Victory Day celebrations amid the ongoing war in Ukraine. A unilateral ceasefire quickly collapsed...

Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle ...

Indian summer travel plans are shifting. Due to Middle East tensions and rising airfares, long-haul trips to Europe and the US are being re...

The United States and the Philippines have begun a major joint military exercise. This annual event, called Balikatan, involves over 17,000...

Marriott International sees strong growth in India with many new hotel deals. The company is launching its Autograph Collection brand in In...

Asian airlines are reducing flights and adding refuelling stops due to Middle East conflict-driven jet fuel shortages, impacting import-dep...

Malaysia Airports is facing temporary disruptions as a global passenger processing system is causing issues with check-in and boarding. Air...

It didn't elaborate. Senior executives at GMR couldn't be reached.

GVK, like its peer GMR, has oscillated between private share placement and an IPO for the airports holding company in recent years.

Malaysia Airports Holding's 11 per cent stake, involving the acquisition of shares worth Rs 4.15 crore, was bought by GMR Airports.

While the size of Malaysia Airports’ investment fund would be around $1.5 billion, GMR is yet to announce the size of its fund.

Malaysia Airports (Mauritius) is a subsidiary of MAHB. Post the proposed acquisition, GMR Infrastructure's stake would rise to 64 per cent.

Malaysia Airports Holdings owns 20% in the Istanbul Airport while Limak Holdings has 40% stake. Both hold rights of refusal over GMR’s hold...