MUMBAI Shares in GMR Infrastructure(GMRI.NS) fell 4.5 percent in early trade after Maldives cancelled its biggest foreign investment project, a $511 million deal with GMR to develop an international airport.
The cancellation of the deal signed in 2010 follows President Mohamed Waheed's failure to renegotiate terms, sources close to president's office have told Reuters. (Reporting by Abhishek Vishnoi; Editing by Gopakumar Warrier)
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Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in Maharashtra, to hold his daughter's wedding in May. This bride was lucky because many other weddings will likely be postponed - to the dismay of the country's jewellers. Full Article