Transaction to be completed by early next year; plans merger with Air India Express once deal is done
Book review of Tata: The Global Corporation That Built Indian Capitalism
Tata owns 84 per cent stake in AirAsia India, allowing it to create a single airline entity quickly.
Business Standard brings you the top headlines at this hour
The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore
With AirAsia India getting close to obtaining international flying rights, conglomerate Tata Sons, will in the near future, have four airlines with permits for overseas operations.
Group puts textile land in Karnataka on sale; it had earlier sold its stake in Eureka Forbes and in renewable power firm Sterling and Wilson
The top two players will control 80% of industry revenue
Tata also owns a majority stake in Vistara, a premium joint venture with Singapore Airlines Ltd, as well as budget airline AirAsia India.
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
Tuhin Kanta Pandey, spearheading the drive to sell state enterprises or shut them down, said the government hoped to complete the valuation exercise of LIC by November-December
The Tata group currently operates two airlines -- Vistara and AirAsia India
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.
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
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.
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
Mood upbeat among AI employees over disinvestment but concerns persist over arrears, salary cuts, medical benefits
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.
DIPAM Secretary says rescue missions such as Vande Bharat are on a cost recovery basis. Air India One has been transferred to the Indian Air Force. This will also be on a cost recovery basis