The time has finally come to hand over Air India to the Tatas. A report quoting senior officials said that the command of Air India is expected to be handed over to Tata this week on January 26, Republic Day.
The deal was done for Rs 18,000 crore
Significantly, on October 8, 2021, the government had sold Air India to Tales Private Limited, a subsidiary of Tata Group's holding company, for Rs 18,000 crore last year. Subsequently, on October 11, a letter of intent was issued to the Tata Group, officially confirming the government's intention to sell its 100 percent stake in the airline. After this, on October 25, 21, the Center had signed a Share Purchase Agreement (SPA) for this deal.
Third airline brand in Tata group
The rest of the formalities regarding the deal are expected to be completed in the next few days and the airline will be handed over to the Tata group by the end of this week, officials said on Monday. As a part of the deal, the Tata Group will also be handed over a 50 percent stake in Air India Express and ground handling arm Air India SATS. Whereas this will be the first privatization after 2003-04. With this, Air India will be the third airline brand in the Tata group. Earlier, the group held a majority stake in AirAsia India and Vistara.
Tecno Camon 19: Tecno's camera-centric smartphone with great offers to be launched in India soon
Tecno Camon 19 Launch: Tecno has announced the launch of its upcoming smartphone Tecno Camon 19 in the Indian market in July. Although the company has not disclosed the launch date of the upcoming
Imran Khan's last bet to save the government said to the opposition - will dissolve the assembly if the no-confidence motion is withdrawn
In Pakistan, Prime Minister Imran Khan has made a new move to save his chair. Imran Khan has given a message to the Leader of the Opposition that he will dissolve the assembly if the no-confidence
Cracks in 23 more houses, but less water leakage: 237 families removed in Joshimath, the treasure of Badrinath Dham may also shift
Cracks have appeared in 23 more houses in Joshimath. Till Tuesday, the survey team has a cross marked 849 houses with cracks. Of these, 155 private buildings and 10 commercial establishments have been
IPL 2022 Points Table: Are the doors of playoff closed for Mumbai Indians, how much profit did Chennai Super Kings get from the win?
IPL 2022 Latest Points Table: In the Indian Premier League (IPL) 2022, the match between Mumbai Indians and Chennai Super Kings dragged on till the last ball and MS Dhoni showed his old form to lead
India made significant efforts to trace and disrupt operations of terrorist organizations: US report
According to the US Bureau of Counterterrorism's 'Country Reports on Terrorism 2021: India', the Indian government has made significant efforts to detect and disrupt the operations of terrorist
Budget 2023-24: Sitharaman holds meetings with state finance ministers, takes suggestions and inputs on the upcoming budget
Union Finance Minister Nirmala Sitharaman chaired a pre-budget meeting with finance ministers of all states and union territories. The objective of the meeting was to take inputs and suggestions for
Ghibli Trend: OpenAI changed the rules for Ghibli-style photos, now real-world images cannot be used
These days, Ghibli-style pictures are being seen in abundance on social media. It can be said that social media users have started liking themselves more through these pictures. Meanwhile, OpenAI's
Russia-Ukraine War: Russia's third airstrike on Ukraine in six days, dark again in Kyiv
On Sunday evening, Ukraine's capital Kyiv was restored to power supply disrupted for weeks, but a few hours later the Russian attacks (Russia-Ukraine War) again established darkness there. The Russian
Dalai Lama: If India-China work together, the whole world will benefit, Dalai Lama said big things in his article
Tibetan guru Dalai Lama is known for his simplicity, he preaches non-violence all over the world. At the same time, he has written an article in which he said that if the people of India and China
World Cup: The way for the Pakistan team to play in the World Cup 2023 has been cleared, the Ministry of External Affairs has permitted them to come to India.
Pakistan has agreed to send a team to the ODI World Cup to be held in India from October 5. Pakistani Foreign Office (FO) said on Sunday, Pakistan has always believed that sports should be kept
