
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.
Assembly elections in Maharashtra (Maharashtra Election Dates) and Jharkhand will be announced to
External Affairs Minister S Jaishankar met with UN chief Antonio Guterres on Thursday. Jaishankar
The Delhi High Court will pronounce its verdict on Kejriwal's plea seeking a stay on the trial co
G-7 Meeting: Focus on Indo-Pacific and Russia-Ukraine War; Joe Biden met Modi in a different way
The G-7 summit took place on Monday at the Schloss Elmau Palace in Germany. Prime Minister Narend
India Weather Update: Due to heavy rains and floods in many parts of the country, life is disturb
The CAG report on the Mohalla clinics operated during the AAP government's tenure in the capital,
All is not well between star footballer Lionel Messi and his club Paris Saint Germain (PSG). Acco
Petrol and diesel prices have increased again today by the oil companies. The price of petrol has
A strange story has emerged from Visakhapatnam, Andhra Pradesh. A couple went to RK Beach in Visa
Today can be a decisive day for the candidates who appeared in LIC ADO Prelims. The results of th