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Top headlines: Employees bid for Air India, WPI inflation rises in Nov

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The bid process is being led by Meenakshi Mallik, who is the current commercial director at Air India.

BS Web Team New Delhi
209 Air India employees submit EoI for 51% stake in national carrier

A group of 209 Air India employees has submitted an expression of interest for the national carrier in partnership with a private financier. The bid process is being led by Meenakshi Mallik, who is the current commercial director at Air India. “We have submitted an EoI along with a partner who will give us financial backing,” Malik confirmed to Business Standard refusing to disclose further details as they are confidential. While the bidding conditions of Air India allows bid by employees, disinvestment guidelines mandate that the company will