
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.
Heatwave conditions prevailed in many states of the country and temperatures have started rising
There is increased vigilance in Odisha and West Bengal regarding the cyclone Dana. All preparatio
Maharashtra Governor C.P. Radhakrishnan has invited senior BJP leader Devendra Fadnavis to form t
Punjabi actor and singer Diljit Dosanjh's film 'Sardarji' 3 is going to hit the theatres in a few
Prime Minister Narendra Modi will attend the swearing-in ceremony of TDP president Nara Chandraba
After facing harassment from his wife and her family 120 court dates in two years, and still not
Ban on Wheat Export: Wheat is not cheaper than export ban, only 54 paise relief in 12 days
Despite the ban on the export of wheat, its prices in the domestic market are not coming down. Wh
RIMS student Surabhi Kumari (MBBS 2023 batch), arrested by the CBI in the NEET paper leak case, w
The download speed of mobile data in India has increased by 115%. It was 13.87 Mbps in September
The first match of the three-match ODI series between India and England was played at The Oval on