The company said the performance of airport division was in line with the expectations but it suffered setback in power and transportation businesses.
GMR, which operates the airports in New Delhi and Hyderabad, expects cost saving of 5-10 per cent from implementing the suggestions.
GMR Infrastructure has announced selling 74% of stake in GMR Jadcherla Expressways to Macquarie SBI Infrastructure Investments.
The AP state High Court on Monday dismissed MFIs' petitions challenging the AP Microfinance Act.
While GMR and GVK, pulled out of large projects, IVRCL had decided to stay away from BOT (build, operate and transfer) road assets.
Banking, insurance and MFs should be run as separate businesses with different shareholders and one should not venture into other, says Irda chief.
Kalamandir with 16 retail saree stores spread across South India, has become the country's first saree retailer to tap the capital market.
The Irda chairman said the new product regime, as and when it comes into effect, will give time to insurance companies to readjust their processes.
IRDA chairman said the new product regime, as and when they come into force with different dates to stagger the implementation, gives time to insurance companies to readjust their processes.
"We are now earning approximately Rs 2,000 crore a quarter and if we take away the fictitious revenues, we have reached almost the pre-crisis level."
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