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
The Tata group currently operates two airlines -- Vistara and AirAsia India
India may look at increasing tax on some goods and services in a step toward moving to a simpler structure. More on that in our top headlines this morning.
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
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.
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
Mood upbeat among AI employees over disinvestment but concerns persist over arrears, salary cuts, medical benefits
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.
DIPAM Secretary says rescue missions such as Vande Bharat are on a cost recovery basis. Air India One has been transferred to the Indian Air Force. This will also be on a cost recovery basis
Airline will return to Tatas after 68 years; first privatisation move in two decades
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 bid got approved by a group of ministers headed by Home Minister Amit Shah on October 4, said DIPAM Secretary
Clarification comes amid reports that Tata Sons may have won the bid
DIPAM Secretary, in a tweet, said the government has so far not approved the financial bids for Air India
Will the Mistrys succeed in selling their crown jewel? How does Nilesh Shah see Evergrande crisis affecting India markets? What should PM Modi expect from Quad? Listen this podcast to get the answers
Both Tata and Chandrasekaran were reacting to media reports that a new CEO position will be created in Tata Sons to oversee the group's business
Business Standard brings you the top headlines from today
Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage, says DIPAM Secretary
The nod comes at a time when the group has ambitious plans to enter the e-commerce business