CEO Fired
iGate sacks CEO Phaneesh Murthy
Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Maldives to take over GMR airport despite court order
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
An aeroplane prepares to land at an airport in New Delhi June 4, 2008.
Credit: Reuters/Adnan Abidi/Files
MALE |
MALE (Reuters) - The Maldives government will take control of an airport managed by GMR Infrastructure(GMRI.NS), its defence minister said on Monday, despite an order from a Singapore court suspending the cancellation of GMR's $511 million project.
The government will take control of the airport, located in the capital Male, from Saturday, defence minister and acting transport minister Mohamed Nazim told a press conference.
GMR on Monday won a stay order from a Singapore court on the cancellation of Maldives' biggest foreign investment project and would continue to operate the airport as normal, the company said.
(Reporting by J.J. Robinson; Editing by Muralikumar Anantharaman)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters