Page 17 - Tata Sons

AirAsia India expected to soon get international flying permit

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.

SP group to raise Rs 10,000 cr from asset sale, meet debt repayment target

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

After Air India privatisation, aviation set to be 2nd most concentrated mkt

The top two players will control 80% of industry revenue

IndiGo sees Tata as 'formidable competition' after Air India deal

Tata also owns a majority stake in Vistara, a premium joint venture with Singapore Airlines Ltd, as well as budget airline AirAsia India.

Air India revival to help boost Delhi airport hub traffic, says DIAL chief

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

Tata Sons' board takes stock of Air India acquisition

The company will be raising around Rs 15,000 crore as debt from banks to fund Air India acquisition

Air India sale kicks off privatisation drive, next up LIC listing: Official

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

After Air India buy, Tata Sons asks govt to ease regulatory process

The Tata group currently operates two airlines -- Vistara and AirAsia India

Top headlines: Shah reviews coal crisis; Tata seeks to consolidate airlines

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.

Tata Sons board meet on Tuesday to discuss Air India acquisition

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

Air India sale: Modi govt's first privatisation in 7 years; what next?

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.

Tata group may need to invest $1 billion to upgrade Air India fleet

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 employee unions pledge support to Tata Sons, but concerns persist

Mood upbeat among AI employees over disinvestment but concerns persist over arrears, salary cuts, medical benefits

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.

Tatas have liberty to refer new balance sheet to CAG-approved CA: TK Pandey

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

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

Airline will return to Tatas after 68 years; first privatisation move in two decades

Tata Sons wins bid: Air India may see turnaround as debt eases by 75%

Air India reported an operating profit of Rs 1,787 crore in FY20 on a consolidated basis but reported a net loss of Rs 7427 crore due to interest and depreciation costs

Tata Sons makes winning bid of Rs 18,000 cr for Air India: Govt

The bid got approved by a group of ministers headed by Home Minister Amit Shah on October 4, said DIPAM Secretary

Amit Shah-led ministerial panel to soon approve Air India sale

Clarification comes amid reports that Tata Sons may have won the bid

Tata Sons winner of Air India bid? Govt says no decision taken as yet

DIPAM Secretary, in a tweet, said the government has so far not approved the financial bids for Air India