Given the record of past blunders, under-achievements, vulnerabilities and the manifest influence of stigmatised capital, what India might get is yet another school for scandal, cautions T N Ninan
It has agreed to bear the cost of liquidation loss on account of transfer to EPFO from company-owned trusts, inclusion of employees in the central government health scheme, and encashment of leaves
Even as the low-cost airline he runs has shrunk to survive the pandemic, many are questioning his plans to bid for national carrier Air India
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Draft RFP sets a precedent for all state-owned firms on the block
Cairn Energy has wrong-footed the government
The fall-back option under discussion is to allow Air India Express to raise money through the market by listing on the bourses
The stake sale process got delayed due to the Covid pandemic
The ifs and buts around its sale are growing day by day
"The airline still is in debt of Rs 60,000 crore and it is liable to be sold," Puri said
The government has started the process to sell its entire 100 per cent stake in Air India that has been in losses since it merged with Indian Airlines in 2007
The treatment of liability of Rs 207 crore for wage arrears of employees working on narrow body fleet of the airline, will also be clarified
The move, even by his standards, seems bold. Especially, when his companies - Jessop & Co, Dunlop - that earned him the moniker "turnaround tycoon", are facing liquidation
Once known as a 'turnaround tycoon', Ruia was knocked off that pedestal after the firms he acquired went into liquidation
Prospective bidders are perhaps ascribing zero value to the equity of the financially-stressed company, a source said. The Tata group is being considered a frontrunner for acquiring Air India
The interest of Air India employees will be safeguarded in accordance with the guidance of the Department of Investment and Public Asset Management, Puri said
A Tata takeover of Air India is being seen as the best outcome for all concerned
Under earlier protocol, had to inform qualified bidders by Jan 5; alteration came into effect after Transaction Adviser EY said it did not want any deadline
The second phase of the strategic disinvestment of Air India will start on January 5, 2021 with the announcement of the names of the qualified bidders
Air India pilots' associations has asked its members to maintain the printed weekly offs and not to change them