MUMBAI (Reuters) - 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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People stranded in remote villages and towns across Nepal were still waiting for aid and relief to arrive on Tuesday, four days after a devastating earthquake destroyed buildings and roads and killed more than 4,600 people. Full Article | Pictures