The top two players will control 80% of industry revenue
The company will be raising around Rs 15,000 crore as debt from banks to fund Air India acquisition
Tuhin Kanta Pandey, spearheading the drive to sell state enterprises or shut them down, said the government hoped to complete the valuation exercise of LIC by November-December
With the successful sale of Air India to the Tata group, Prime Minister Narendra Modi's government has restarted the long-stalled privatisation programme. Can it do a Vajpayee? Watch this report.
After AI privatisation, government will now start work on monetising its four other subsidiaries, including Alliance Air, and over Rs 14,700 crore worth non-core assets DIPAM Secy Tuhin Kanta Pandey
Air India's sale process will be used as a case study for future asset sale and privatisation bids
Along with the brand and the slots of the debt-ridden state-owned airline, the Tatas will get the low-cost subsidiary Air India Express and a 50 per cent stake in ground handling firm AISATS.
Airline will return to Tatas after 68 years; first privatisation move in two decades
The acquisition will give the Tatas a firm footing on international routes and generate economies of scale
The Tatas have their work cut out in restoring customer trust and much, much more
Air India reported an operating profit of Rs 1,787 crore in FY20 on a consolidated basis but reported a net loss of Rs 7427 crore due to interest and depreciation costs
The government has begun evaluation of financial bids received from Tata Group and SpiceJet founder for the acquisition of Air India, sources said.
Tata Sons Ltd., the group holding company that controls Jaguar Land Rover and owns a majority stake in AirAsia India, submitted a bid for Air India earlier this month
McLeod Russel India, the country's largest tea producer, bubbles out of insolvency. Metal stocks crash over fears about China's Evergrande. More in top headlines of the day
Holding company's 'AAA' rating will make it a formidable player: Bankers
Business Standard brings the top headlines of the day
The Tata group and SpiceJet promoter Ajay Singh are in the race to acquire the loss-making airline
Business Standard brings the top headlines of the day
The Central Board of Direct Taxes (CBDT) has exempted the airliner from deducting tax collected at source (TCS)
Air India, unprofitable since a 2007 merger with state-owned domestic operator Indian Airlines Ltd., has total debt of Rs 60,000 crore and loses Rs 20 crore every day