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Top headlines: Tatas back in the Air India cockpit, TCS PAT rises 14% in Q2

Along with the brand and the slots of the debt-ridden state-owned airline, the Tatas will get the low-cost subsidiary Air India Express and a 50 per cent stake in ground handling firm AISATS.

Illustration: Ajay Mohanty
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Illustration: Ajay Mohanty

BS Web Team New Delhi
In a first major privatisation move in over 2 decades, national carrier Air India was sold to Tata Group at an enterprise value of Rs 18,000 crore. The Maharaja will return to the Tatas after 68 years


More on this and other top headlines of the day

Air India returns to Tatas after group puts in winning bid of Rs 18,000 cr

More than three years after it failed to get even a single bid for Air India, the government on Friday announced the sale of the national carrier to the salt-to-software conglomerate Tata Group at an enterprise value