Page 23 - Tata Group

After Air India buy, Tata Sons asks govt to ease regulatory process

The Tata group currently operates two airlines -- Vistara and AirAsia India

Govt issues letter of intent to Tata group-owned Talace for Air India sale

Post signing of agreement, Conditions Precedent will be completed in about eight weeks

Tata Sons board meet on Tuesday to discuss Air India acquisition

In AGM held in September, shareholders had approved up to Rs 40,000 cr debt raise plans. Of this, the board may clear raising Rs 15,000 crore, says source

Govt issues letter of intent to Tatas for sale of Air India

Tatas now have to accept the letter of intent, post which the Share Purchase Agreement will be signed

Air India disinvestment: Privatisation-bound BPCL, SCI can rally up to 15%

SpiceJet seems to be in a trading range, while Container Corporation of India is holding above its key support level

Tata group may need to invest $1 billion to upgrade Air India fleet

The government is expected to issue a letter of intent (LoI) to Tata Sons next week, following which the share purchase agreement will be formalised

After Air India buy, Tata group companies can cross-sell products

Air India has a frequent flier club customer base of 3 million that can be used to offer discounted products

EY burnishes its credentials with successful Air India sale to Tatas

With the Air India deal closed, the team at EY is gearing up for more government asset sale programmes

A powerful signal

Govt's approval of Air India privatisation is a landmark

Top headlines: Tatas back in the Air India cockpit, TCS PAT rises 14% in Q2

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.

Air India returns to Tatas after group puts in winning bid of Rs 18,000 cr

Airline will return to Tatas after 68 years; first privatisation move in two decades

Air India to boost Tatas' aviation ambitions

The acquisition will give the Tatas a firm footing on international routes and generate economies of scale

Full circle: AI returns to Tatas who have to revive a much-diminished brand

The Tatas have their work cut out in restoring customer trust and much, much more

Tata Group patriarch Ratan Tata welcomes Air India back into the fold

Says JRD would have been overjoyed by the development, says airline was recognised as one of the world's most prestigious under the late group head

Tata brings Air India home: Here's the carrier's 90-year journey

Air India returns to Tatas after group puts in winning bid of Rs 18,000 cr

Air India deal: Tatas back in the cockpit after decades of resistance

The group has been battling fierce opposition from other airlines and politicians since the 1990s

Top headlines: Air India returns to Tatas; CEA Subramanian to step down

Business Standard brings you the top headlines on Friday

Tatas will have to retain all AI employees for 1 year, can offer VRS in 2nd

The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, Civil Aviation Secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier. Briefing reporters, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said the outstanding dues of employees of Rs 1,332 crore as per the report of Justice Dharmadhikari would be paid by the government. Air India has 12,085 employees - 8,084 permanent and 4,001 contractual. Besides, Air India Express has 1,434. In the next five years, about 5,000 permanent employees will be retiring, he said. Free travel by government employees on Air India flight will stop po

New dawn for Air India: Scindia on airline's sale to Tata Group

The Tata Group's bid of Rs 18,000 crore comprises taking over of Rs 15,300 crore of debt and paying the rest in cash

Tata Motors likely frontrunner to take over Ford's Chennai unit

Group Chairman Chandrasekaran, Tata Motors top-level delegation meet Stalin in a span of 2 weeks