October 25, 2021 5:26 pm
Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
October 11, 2021 8:11 am
Now that this complex sale has been closed, attention will turn to the privatisation/disinvestment of PSUs that has been on the agenda for some time — Bharat Petroleum Corporation Limited, Container Corporation and others — prompting a re-rating.
October 12, 2021 7:15 am
Coomi Kapoor writes: The business house’s affinity for the airline industry and expertise in the service sector will be tested as it seeks to nurse the perennially sick airline back to health
October 09, 2021 8:38 am
Tata Sons Chairman Emeritus Ratan Tata tweeted a photograph of the company's former chairman JRD Tata getting down from an Air India flight.
October 09, 2021 2:07 am
The Tata Group placed a winning bid of Rs 18,000 crore. Along with the assets, the new owner will also take on around Rs 15,300 crore of debt, Secretary, Department of Investment and Public Asset Management Tuhin Kanta Pandey said.
October 02, 2021 7:27 am
Representatives of both bidders were called for meetings on two occasions earlier this week, during which the share-purchase agreement was discussed to help them take a long-term view of Air India's various liabilities, and plan the funding accordingly.
September 16, 2021 7:12 am
The airline’s divestment is expected to give the successful bidder control of 4,400 domestic and 1,800 international landing and parking slots at domestic airports, and 900 slots at airports overseas.
July 30, 2021 12:36 am
The total cost of acquisition will touch Rs 2,850 crore if the public offer, by Panatone and other companies of the Tata group, is taken into consideration.
March 30, 2021 8:26 am
The petition was filed by Cyrus Pallonji Mistry against Tata Sons and Ratan Tata, alleging that his sacking as the Chairman of Tata Group was "illegal". The judgment brings the curtains down on one of the ugliest public spat in the history of boardroom wars in India.
December 30, 2020 7:15 am
In a filing to the Malaysian stock exchanges, the AirAsia Group said that the deal, which is worth $37.66 million, will see its share in the Indian budget airline go down to 16.33 per cent.