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New Delhi, Aug 23 (IANS) More trouble is brewing for GVK Infrastructure and Power, including Mumbai International Airports Limited (MIAL) after the action by enforcement agencies as the lenders are in the process of appointing a forensic auditor. Top banking sources revealed that this is imminent after the PWC walk out. GVK Infrastructure and Power including Mumbai International Airports Limited (MIAL) have been facing action by the enforcement agencies, CBI and ED. The CBI filed a chargesheet on June 27 while ED filed its chargesheet on July 7. Based on RBI Master Directions on Frauds, dated July 1, 2016 (updated on July 3, 2017), State Bank of India is believed to be appointing Deloitte as the forensic auditor to check the accounts of MIAL for the past 10 years. MIAL is operating the Mumbai Airport in a joint venture with the Airports Authority of India. PriceWaterhouse Coopers has recently submitted its resignation as auditors from GVK Infrastructure and Power and GVK Airport Developers. PWC resigned as statutory auditors following the CBI and ED raids in MIAL. PWC in a letter has cited the recent events at MIAL to ascertain the appropriateness of continuing as statutory auditors in the company. PWC said in the letter to the audit committee of the companies that it is waiting for explanations and information from the company to finalise the audit for financial statement of the year ended March 31, 2020. The auditors said the company had still not provided the details which is reiterated in their resignation letter. While the crisis regarding GVK and MIAL is unfolding, there are reports that the Adani Group is looking to acquire control of MIAL with a 51 per cent stake. Adani and GVK have been locked in a legal tussle as Adani has been eyeing the Mumbai airport company. In the MIAL shareholding structure, GVK holds 50.5 per cent, while 26 per cent holding is with Airports Authority of India and 23.5 per cent is with South African companies, Bidvest at 13.5 per cent and Airports Company South Africa at 10 per cent. --IANS san/dpb

More trouble for MIAL as SBI likely to appoint forensic auditor

<ul><li>The Sensex was trading 1.32% higher, while the Nifty50 was up 1.21%. </li><li>The rally was led by banking and financial stocks.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian benchmark stock index, Sensex advanced over 500 points in early trade on Monday, driven by gains in index-heavyweights HDFC, Reliance Industries and ICICI Bank amid persistent foreign fund inflow and a positive trend in global peers. The Sensex was trading 1.32% higher, while the Nifty50 was up 1.21%. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Airtel </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Ports </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Steel </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indian Oil </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eicher Motors </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infratel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shree Chem </td></tr></tbody></table>*as of August 31, 10:15 am These are the top stocks that are buzzing in trade today: Future Retail shares gain nearly 18% Share of Future Retail gained nearly 18% during the morning trade hours on August 31. The surge came after RIL acquired the retail, wholesale, logistics and warehousing business of Future Group for ₹24,713 crore. This also bought a rally in other Future subsidiaries. All the other three subsidiaries — Future Enterprises gained, Future Lifestyle Fashions, Future Consumer — were trading flat after hitting a 5% upper-circuit set by stock-exchanges. RIL also gained 2%. GVK Power and Infrastructure gained nearly 10% GVK Power and Infrastructure shares gained nearly 10% after it informed stock-exchanges that it along with its subsidiaries, GVK Airport Developers Limited and GVK Airport Holdings Limited, have agreed to cooperate with Adani Airport Holdings for its airports business. Post this deal Adani group will acquire all debt from various GVK lenders including a Goldman Sachs led consortium and HDFC, the stock-filing said. Adani ports also gained 4% after this. Indiabulls Ventures was down 8% Indiabulls Ventures shares lost nearly 8% on early trading hours after the company told investors that it would raise nearly ₹588 crore via share sale to a clutch of investors. ONGC gained 5% ahead of the board meet State-owned ONGC gained nearly 5% as its board is slated to meet on September 1 to consider raising funds of up to ₹45,000 crore. According to the stock-exchange filing, the board will also consider and approve the company’s financial results for the quarter ended June 30. Indian Oil Corporation gained 4% Indian Oil Corporation shares gained 4% on August 31 after the company said it is investing ₹14,800 crore in expanding the capacity of its Barauni refinery in Bihar. This <a href="https://www.manufacturingtodayindia.com/products-suppliers/8219-ioc-to-undertake-barauni-refinery-expansion-worth-rs-14800-cr">is the part of over 2,800 projects being executed under the government’s </a>Atma Nirbhar Bharat campaign to boost domestic production and create jobs. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-ril-future-enterprises-hcl-technologies-future-retail-itc-indiabulls-ventures-rbl-bank-inox-wind-and-more/articleshow/77843125.cms" data-type="tilCustomLink">Top stocks to watch in trade— RIL, Future Enterprises, HCL Technologies, Future Retail, ITC, Indiabulls Ventures, RBL Bank, Inox Wind and more</a> <a href="https://www.businessinsider.in/retail/news/heres-why-reliance-retail-with-almost-12000-stores-bought-future-retail-which-has-just-1500-outlets/articleshow/77843965.cms" data-type="tilCustomLink">Here’s why Reliance Retail with almost 12,000 stores bought Future Retail which has just 1500 outlets</a>

Top stock movers — GVK, Future Enterprises, Future Retail, RIL, IOC, Wipro, Adani Ports, ONGC and more

Low-cost airline <keyword id="6354706" type="CITY" weightage="100" keywordseo="Indigo">IndiGo</keyword> may soon enjoy exclusivey rights toa terminal in GVK Chhatrapati Shivaji International Airport. They are in talks with GVK for the same. 
 
According to ET Now, IndiGo will have to pay a premium for these exclusive rights. 
 
GVK is yet to take a final call on IndiGo's request, but in case it agrees, GVK may shift all other carriers to the T2 terminal. 
 
Meanwhile, in terms of market share, IndiGo remained the largest carrier by carrying 38.4% passengers during June. Jet Group came second by carrying 21.1% of total passengers. 
 
SpiceJet reported the highest load factors of 93.2% during the month of June on the back of its discount offering followed by IndiGo that is at 86.6%, shows passenger data for June relased by DGCA. 
 
Vistara operated its planes with least number of passengers and lowest load factors of 59.3% during a month when the passenger numbers grew by 16.03% and all airlines together carried 6.6 million passengers. 
 Vistara executives say that low load factors are because of low demand for premium and business class seats. The airline claims that load factors in the <keyword id="34412" type="ORGANIZATION" weightage="100" keywordseo="economy">economy</keyword> cabin of the aircraft are phenomenal. 
 
 
(Image credits: Indiatimes)

An IndiGo exclusive terminal in Mumbai Airport soon

New Delhi, Feb 14 () GVK Power and Infrastructure on Friday reported marginal narrowing of consolidated loss at Rs 120.06 crore for the quarter ended December 2019. The company had posted consolidated loss of Rs 122.61 crore in the year-ago period, GVK Power and Infrastructure said in a filing to BSE. The loss "for the year (is) attributable to owners of the company," the filing said. The consolidated revenue of the company during the October-December quarter increased to Rs 1,156.15 crore over Rs 1,109.28 crore in the year-ago period, the filing said. Shares of the company were trading at Rs 4.36 apiece, up 8.19 per cent from the previous close on BSE. SID ANSANS

GVK Power Q3 loss narrows marginally to Rs 120 cr

Mumbai, Apr 30 () The construction of the international airport at Navi Mumbai will be little delayed due to the situation arising out of the coronavirus pandemic, GVK Group Vice Chairman Sanjay Reddy said on Thursday. He is also the Managing Director of Navi Mumbai International Airport Ltd (NMIAL). The Rs 16,000-crore aerodrome is being built by a consortium led by GVK Power &amp; Infrastructure. A release issued by industry body CII quoted Reddy as saying that the construction and starting of Navi Mumbai airport, is expected to be a little delayed due to the current situation in the wake of the pandemic. The airport would be using the most advanced technologies and artificial intelligence, he said. Reddy was addressing a session on the future of travel amidst the COVID-19 situation, organised by the Young Indians (Yi) Mumbai Chapter of the CII, as per the release. Every single business and organisation is currently reinventing themselves. The pandemic would also foster the use of modern technology, which in turn would bring in more efficiency in the system, he said. "During the pre-vaccine period, airports are expected to adapt to various safety and hygiene practices. Also, it is expected that business travels will be reduced due to more utilisation of virtual platforms and travel cost cutting in various organisations," Reddy was quoted as saying in the release. The post-vaccine period is going to be totally different as people would be eager to travel, he added. The GVK group is already a majority stakeholder in the Mumbai International Airport Ltd (MIAL), which is running the Mumbai airport. The second airport in the Mumbai region was expected to be open in December 2019 and the deadline was pushed to 2021. The passenger terminal building is being developed to initially have a capacity to handle 10 MPA (Million Passengers per Annum) and would be enhanced to 20 MPA. The GVK group plans to spend Rs 8,500 crore in the first phase of the project. The Navi Mumbai airport project is a public-private partnership venture in which MIAL holds 74 per cent stake with Maharashtra's CIDCO. The concession agreement for the new airport was signed between the NMIAL and CIDCO in January 2018. IAS RAM

Navi Mumbai airport construction to be little delayed amid coronavirus pandemic

It has been in the works since couple of years now. Every time we went to Mumbai, we were welcomed in a tiny terminal where most flights were managed. Now the new International terminal is ready, which will accommodate planes of all shapes and sizes. T2-Where Dream Take Flight is the <keyword id="21654" type="COMPANY" weightage="100" keywordseo="video">video</keyword> released that takes you around the new swanky build. <keyword id="6357912" type="PERSON" weightage="40" keywordseo="amitabh-bachchan">Amitabh Bachchan</keyword> is the narrator in this video and he talks about the challenges that the maker <keyword id="6555177" type="ORGANIZATION" weightage="40" keywordseo="GVK">GVK</keyword> had before them. 
 Mumbai has less space to grow as it has sea on one side. The city grew vertically and a similar vertical method has been used for this world-class structure as well. The interiors are truly amazing and inspired from things such as <keyword id="3658" type="COUNTRY" weightage="100" keywordseo="India">India</keyword>’s national bird’s (Peacock) feather and rich Indian culture. The sitting lobby is unlike any other and one can’t stop ogling over the suave lamp shades the colour gold. 
 
GVK has outdone themselves and have made history by making an international terminal in a city where land is not just a premium to own, but criminal to get. 
Watch the full video here.

Have You Seen The Latest Marvel In India? The T2 Airport
In Mumbai [Video]

Hyderabad, Feb 14 (): GVK Power and InfrastructureLimiteds consolidated net loss during the quarter endedDecember 31 was reported at Rs 96 crore from Rs 101 crore inthe third quarter of the last fiscal, the company said in afiling with bourses.The total revenue of the company stood at Rs 1,156 croreduring the quarter as against Rs 1,109 core in Q3 FY '19.Airports segment of theGVKGroup garnered Rs 1,044crore revenue in the third quarter against Rs 930 crore in theOctober-December quarter. Auditors of GVK expressed serious concerns over thegroup's ability to continue as a 'going concern' owing to hugepile of debts. Further material uncertainties are being faced by variousprojects executed by the group, its associates and jointventures and for which it has provided guarantees/commitmentsand/or has undertaken to provide financial assistance. These conditions, along with other matters, indicate thata material uncertainty exists that may cast significant doubton the groups ability to continue as a going concern," GVKsauditors Price Waterhouse Chartered Accountants LLP said intheir comments.The group has incurred losses of about Rs 388 crore forthe nine months of the current fiscal and has defaulted inrepayment of loans and interest payments, they said. GDKNVG NVG

GVK's loss shrinks to Rs 96 crore in Q3

Mumbai, <keyword id="6367820" type="COMPANY" weightage="20" keywordseo="adani-group">Adani Group</keyword>'s flagship holding <keyword id="10722889" type="UNKNOWN" weightage="20" keywordseo="company-adani-airport-holdings-ltd">company Adani Airport Holdings Ltd</keyword> (AAHL) has acquired 23.5 per cent stake in the <keyword id="6592232" type="COMPANY" weightage="20" keywordseo="mumbai-international-airport-ltd">Mumbai International Airport Ltd</keyword> (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd (Bidvest) for ₹1,685.25 crore. In a <keyword id="525282" type="PERSON" weightage="20" keywordseo="regulatory-filing">regulatory filing</keyword>, <keyword id="118623" type="DOMAIN" weightage="20" keywordseo="Adani-Enterprises">Adani Enterprises</keyword> said that AAHL has acquired 28.20 crore equity shares of MIAL. AAHL is also a wholly owned subsidiary of Adani Enterprises. "Adani Airport Holdings Ltd has acquired 23.5 per cent equity stake i.e. 28,20,00,000 equity shares of ₹10 of Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division (Mauritius) Ltd," the filing said. Incorporated on March 2, 2006, MIAL is engaged in the business of development, construction and operation of the Chhatrapati Shivaji Maharaj International Airport. In August last year, the AAHL entered into an agreement to acquire the debt of GVK Airport <keyword id="311614" type="DOMAIN" weightage="20" keywordseo="Developers-Ltd">Developers Ltd</keyword> (GVKADL) which in turn would help the Adani Group acquire controlling interest in MIAL. GVKADL is the holding company through which <keyword id="6608657" type="COMPANY" weightage="20" keywordseo="GVK-Group">GVK Group</keyword> holds 50.50 per cent equity stake in the Mumbai International Airport Ltd (MIAL), which in turn holds 74 per cent equity stake in the Navi Mumbai International Airport Ltd. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/heres-why-you-arent-being-able-to-apply-for-brookfield-reit-ipo-through-zerodha-groww-angel-broking-and-other-stockbroking-apps/articleshow/80686457.cms">Here's why you aren't being able to apply for Brookfield REIT IPO through Zerodha, Groww and other stockbroking apps</a> <a href="https://www.businessinsider.in/stock-market/news/analysts-explain-why-indigo-paints-shares-fell-with-a-thud-just-like-burger-king-and-mrs-bectors-and-what-to-do-with-it-now/articleshow/80704864.cms">Indigo Paints joins the league of Burger King and Bector's — frenzied IPOs that fizzled out</a> <a href="https://www.businessinsider.in/tech/news/the-india-stack-that-bill-gates-and-sundar-pichai-so-love-is-set-to-get-much-bigger-thanks-to-the-indian-governments-new-blockchain-strategy/articleshow/80718403.cms">The India stack that Bill Gates and Sundar Pichai so love is set to get much bigger – thanks to the Indian government’s new blockchain strategy</a>

Adani Group acquires 23.5% stake in Mumbai International Airport for ₹1,685 crore

In a regular correspondence with the company, the National Stock Exchange has sought clarification from <keyword id="2098675" type="UNKNOWN" weightage="20" keywordseo="GVK-Power-Infrastructure-Limited">GVK Power &amp; Infrastructure Limited</keyword> following a recent news report that stated that the company had asked for a stay order on coal block auctions. 
	 
	“In this regard, Exchange has advised the Company to provide clarification or confirmation on the news item. If so, the company is advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company,” said the exchange in its letter. 
	 
	It should be noted that the company has filed a writ-petition before the Delhi High Court for a stay on coal auction process. "We confirm having filed a writ petition before the Delhi High Court challenging the ... Coal Mines (Special Provisions) Ordinance, 2014 as well as the auction process due to significant under valuation of the compensation due in terms of the Ordinance (Coal Mines (Special Provisions) Ordinance, 2014," said a company spokesperson. 
	 
	Image: Indiatimes.com

Mining Major
GVK Demands Stay On Coal  Auctions,
Indian Bourse Seek Clarification

The GVK-run <keyword id="6592232" type="CITY" weightage="100" keywordseo="Mumbai-International-Airport-Ltd">Mumbai International Airport Ltd</keyword> (MIAL) would have to wait till November for an upward revision in airport charges as the tariff regulator has decided to continue with the existing rates for another three months. "Aeronautical tariff(s) approved by the Authority vide order dated January 15, 2013, shall continue up to November 30, 2015, or until the final determination of the tariffs for the second control period (2014-2019), whichever is earlier," <keyword id="630312" type="ORGANIZATION" weightage="100" keywordseo="Airports-Economic-Regulatory-Authority-of-India">Airports Economic Regulatory Authority of India</keyword> (AERA) said in its order. 

	Aeronautical revenue consists of charges such as aircraft landing and take-off fees, aircraft parking charges and passenger services fees. 
 

	"The revenue so collected by the airport operator (MIAL) during such period shall be adjusted from the Aggregate Revenue Requirement for the second control period, starting with effect from April 1, 2014," it said. 
 MIAL is a 74:26 joint venture between a GVK-led consortium and <keyword id="54875" type="ORGANIZATION" weightage="100" keywordseo="Airports-Authority-of-India">Airports Authority of India</keyword>. 

	The User Development Fee paid by passengers flying out of the Chhtrapati Shivaji International Airport (CSIA) currently stands at Rs 274 for domestic departures and Rs 574 for the international ones. 
 

	As against a demand for an increase of 881 per cent, CSIA had got approval for a 164 per cent hike in aeronautical charges last time for the first control period. 
 

	AERA had earlier extended the continuation of the existing tariff till rpt till August 31, suggesting that it has not been able to come up with its consultation paper on tariff revision for Mumbai airport. 
 

	AERA has to prepare a consultation paper and invite feedback from stakeholders, including MIAL, before finalising the revised tariff.

	 
	 
	(Image credits: Indiatimes)

Mumbai Airport has to wait for revised airport charges: AERA

<ul><li>At 8:00 am the SGX Nifty was trading flat pointing towards a cautious start for Nifty50. </li><li>Here’s a list of <keyword id="73648" type="PERSON" weightage="20" keywordseo="Stocks-to-watch">stocks to watch</keyword> for in trade today. </li><li>Check out the latest news and updates on Business Insider. </li></ul>Indian stock market is likely to open on a muted amidst mixed cues from global peers. At 8:00 am the SGX Nifty was trading flat pointing towards a cautious start for Nifty50. Whereas, on Wednesday, US stocks ended higher. Dow Jones Industrial Average increased 1.59%, marking its best single-day rise since July 14. Here’s a list of stocks to watch for in trade on September 3: Future Retail Fitch placed Future Retail on ‘Rating Watch Positive’ after it sold a stake to RIL. It reflects the financial stress in the company, irrespective of the sale decision. “Fitch Ratings has placed Indian retailer Future Retail Limited’s (FRL) Issuer Default Rating (IDR) of ‘C’ and the rating on its USD500 million 5.6% senior secured notes due in 2025 of ‘C’ with a Recovery Rating of ‘RR4’ on Rating Watch Positive,”<a href="https://www.fitchratings.com/research/corporate-finance/fitch-places-future-retail-on-rating-watch-positive-on-sale-to-reliance-02-09-2020"> the company said</a>. The shares of Future retail ended 10% lower yesterday. IndusInd Bank IndusInd Bank in focus on back of fundraising plans. The bank has approved allotment of 47 million shares to marquee investors to raise ₹2,495.79 crore. The Finance Committee of the board of directors at its meeting held on September 2 approved allotment shares of the face value of ₹10 each at a price of ₹524 per share. The shares of IndusInd Bank ended 2.10% higher yesterday. Engineers India Order win boost likely for Engineers India. The company has received an order worth ₹4.48 billion from Gail India for setting up PP plant and pipeline at Uran. The shares of Engineers India ended 1% higher on September 2. Coal India Coal India posted a 55% fall in its net profit, with revenue plummeting nearly 26% in the first quarter ended June 30. The company said its volume was impacted due to less demand as most of the industries were shut during the lockdown. The shares of Coal India ended 2% higher on September 2. Rossari Biotech Plutus Wealth Management, a financial advisory company, based in London, bought nearly 3 lakh shares of the company at ₹773.82 per share. The shares of Rossari Biotech ended 13% higher yesterday. JSW Energy JSW Energy promoter Glebe Trading released 84 lakh pledged shares of the company and the Danta Enterprises pledged 1.04 crore shares. The shares of JSW Energy ended 7% higher yesterday. Vodafone Idea The Vodafone Idea board is due to meet tomorrow (September 4) for considering the fundraising proposal. The shares of Vodafone Idea ended 13% higher yesterday. SpiceJet, IndiGo, GVK and other aviation stocks SpiceJet, Indigo, GVK and other aviation stocks will be in focus today as the India civil aviation ministry has raised domestic flight operations to 60%. The shares of Indigo closed 4% higher, GVK was up 5%, whereas SpiceJet was trading flat yesterday. Tata Motors Tata Motors records 21.6% growth in overall domestic sales led by 154% growth in the passenger vehicle segment. Meanwhile the domestic commercial vehicles segment saw a decline of 28%. The shares of Tata Motors closed 5% higher yesterday. SEE ALSO: <a href="https://www.businessinsider.in/india/news/pm-modi-twitter-account-hacked-heres-what-the-hacker-had-tweeted/articleshow/77902203.cms?upcache=2" data-type="tilCustomLink">Twitter account of PM Modi’s personal website hacked— Here’s what the hacker had tweeted</a> <a href="https://www.businessinsider.in/tech/news/google-is-releasing-data-on-how-people-have-been-searching-for-covid-19-symptoms-in-the-hope-it-will-help-researchers-track-the-virus/articleshow/77894169.cms" data-type="tilCustomLink">Google is releasing data on how people have been searching for COVID-19 symptoms, in the hope it will help researchers track the virus</a>

You Searched For "GVK" and got 11 results

More trouble for MIAL as SBI likely to appoint forensic auditor

IANS

Top stock movers — GVK, Future Enterprises, Future Retail, RIL, IOC, Wipro, Adani Ports, ONGC and more

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An IndiGo exclusive terminal in Mumbai Airport soon

BI India Bureau

GVK Power Q3 loss narrows marginally to Rs 120 cr

PTI

Navi Mumbai airport construction to be little delayed amid coronavirus pandemic

PTI

Have You Seen The Latest Marvel In India? The T2 Airport In Mumbai [Video]

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GVK's loss shrinks to Rs 96 crore in Q3

PTI

Adani Group acquires 23.5% stake in Mumbai International Airport for ₹1,685 crore

IANS

Mining Major GVK Demands Stay On Coal Auctions, Indian Bourse Seek Clarification

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Mumbai Airport has to wait for revised airport charges: AERA

BI India Bureau

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