Top headlines: Ruia out of Air India sale race, India to appeal Cairn award

IndiGo, the country's largest airline, is in talks with Airbus to finalise a deal to acquire up to five A321 converted freighters amid a burgeoning air cargo market

Air India privatisation: Employee consortium, Pawan Ruia out of race

The Air India (AI) employees’ consortium and Kolkata-based businessman Pawan Ruia have not qualified for the second round of the sale process for the national carrier. This leaves Tata Sons as the only entity that has confirmed its participation in the bidding process. While media reports said SpiceJet promoter Ajay Singh is also in the reckoning, Business Standard couldn’t verify this claim. Read more

India ready to appeal Cairn's $1.2 billion arbitration award this week

A day after British oil firm Cairn Energy pressed for honouring the over $1.4-billion international