It's a bold bet by Jhunjhunwala, in a market that has seen some airlines collapse in the face of intense fare wars and high costs. Here's all you need to know about the new airline
GMR-run Delhi airport expects hub traffic to surge to 25 per cent in three years as the now cash-strapped Air India will expand its domestic and international network under the stewardship of Tatas
The company will be raising around Rs 15,000 crore as debt from banks to fund Air India acquisition
The airport plans to give terminal 3 exclusively for the Tata group airlines- Air India, Vistara, Air Asia India
Live news updates: Prime Minister Modi will attend a G20 meeting on Afghanistan; unions will honour the farmers who died in Lakhimpur Kheri.
The Tata group currently operates two airlines -- Vistara and AirAsia India
The carrier's sale could pique interest in a number of state-run firms in which the government intends to divest stake.
India may look at increasing tax on some goods and services in a step toward moving to a simpler structure. More on that in our top headlines this morning.
Post signing of agreement, Conditions Precedent will be completed in about eight weeks
In a Q&A, Tuhin Kanta Pandey says govt has started initial investor outreach for the LIC IPO, and investment bankers are working on a strategy
In AGM held in September, shareholders had approved up to Rs 40,000 cr debt raise plans. Of this, the board may clear raising Rs 15,000 crore, says source
Tatas now have to accept the letter of intent, post which the Share Purchase Agreement will be signed
The chamber said the time was right to expedite disinvestment efforts in the banking space, with privatisation of identified two public sector banks.
As on August 31, Air India had a total debt of Rs 61,562 crore
The airline's privatisation is two decades late but Indian taxpayers ought to be relieved to have cut their losses.
With the successful sale of Air India to the Tata group, Prime Minister Narendra Modi's government has restarted the long-stalled privatisation programme. Can it do a Vajpayee? Watch this report.
Military commanders of India and China started a 13th round of talks on Sunday to resolve the border dispute in Eastern Ladakh. More on that headline in our top stories.
The government is expected to issue a letter of intent (LoI) to Tata Sons next week, following which the share purchase agreement will be formalised
Air India has a frequent flier club customer base of 3 million that can be used to offer discounted products
With the Air India deal closed, the team at EY is gearing up for more government asset sale programmes