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India's largest mall set to emerge at Delhi Airport's Aerocity by 2027
By the year 2027, a monumental addition is set to grace the landscape of the Indira Gandhi International Airport's Aerocity in Delhi?a sprawling retail marvel, poised to claim the title of India's largest mall. Spanning an impressive 2.8 million square feet, this ambitious venture is part of the Worldmark Aerocity expansion project, a colossal undertaking valued at $2.5 billion, as highlighted in a report by the Times of India.
The overarching vision for Worldmark Aerocity extends beyond mere retail dominance, aiming to establish India's pioneering aerotropolis?a dynamic urban expanse c..
GMR Airports' Acquisition Sparks Share Price Surge
GMR Airports Limited has witnessed a significant surge in its share price following its exclusive acquisition of IT services provider WAISL. This strategic move underscores GMR Airports' commitment to diversifying its portfolio and expanding its presence in the IT services sector.
The acquisition of WAISL aligns with GMR Airports' broader strategy of enhancing its capabilities and leveraging synergies across its various business verticals. By integrating WAISL's expertise and resources, GMR Airports aims to strengthen its position as a leading player in the IT services domain.
In..
GMR Airports Infra Acquires Stake in WAIS
GMR Airports Infrastructure Limited has announced the acquisition of a stake in WAISL for Rs 570 million. This strategic investment underscores GMR's commitment to expanding its presence in the aviation sector and strengthening its portfolio of airport assets.
The acquisition of a stake in WAISL presents significant opportunities for GMR Airports Infra to enhance its operational capabilities and leverage synergies within the aviation industry. This move is in line with GMR's strategic vision of driving sustainable growth and value creation for its stakeholders.
WAISL, with its di..
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
