Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance
The brand name was pledged to 14 lenders, including State Bank of India (SBI), under a debt recast agreement in which loans valuing Rs 6,500 crore were restructured and converted into equity.
Airline's lenders to meet next week to discuss next move.
The estimated cost of the metrino is Rs 50 crore per km and each pod can accommodate three to four persons, Megha Manchanda/Business Standard reports from New Delhi.
A large Dhruv order could significantly boost Indian defence exports. These have grown from Rs 1,940 crore in 2014-2015 to Rs 10,745 crore in 2018-2019.
Sources in the know said the government would initiate talks with businesses, including Tatas, shortly for divesting its stake in the national carrier.
'There will be no flying unless the company pays us substantial salaries and provides a road map,' the National Aviators Guild, the pilots union, said in a message to its members.
Sports Minister Kiren Rijiju says the Indian Olympic Association cannot take a unilateral decision about pulling out of the 2022 Birmingham Commonwealth Games following the omission of shooting from the event's roster.
Amid continuing uncertainty over the fate of the national carrier, an official said there is also need for funds to restart operations of 12 grounded narrow-body planes.
Work is underway in identifying global companies in sectors ranging from electronics, auto components and medical equipment to shift part of their existing or incremental manufacturing to India.
After the August 10 deadline, South American conglomerate Synergy Group Corp reportedly evinced interest in the airline, forcing the RP to seek lenders' nod to extend the deadline to August 31. The Synergy Group owns a majority in Colombian carrier Avianca Holdings, which has a codeshare partnership with the state-run Air India.
A clutch of foreign and domestic institutions has submitted expressions of interest to acquire at least 26 per cent in the Delhi-based Industrial Finance Corporation of India (IFCI).
The government is selling its entire 100 per cent stake in Air India but wants effective control to stay with Indian nationals.
Videocon Industries, the oil-to-consumer durables company, has joined the race for the acquisition of the London-based Burren Energy, which recently rejected several approaches including one worth $3.5 billion (Rs 14,000 crore) from the Italian major ENI.
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
The sale of the NPA account is to happen through e-auction on January 30, as per the bid invite.
Maps and navigation services have become a key asset for tech companies as consumers increasingly adopt mobile devices.
Failure to sell Air India, IDBI may have prompted a change in strategy.
As Chinese Premier Li Keqiang wrapped up his "impressive" visit to Pakistan to firm up their economic and military ties, a Pakistan official said "numerous countries" are interested in obtaining JF-17 Thunder fighter jet jointly developed by both the countries.
Under the plan, the government has categorised IL&FS group companies into green, amber and red based on their respective financial positions.
Bracing up to organise the Under-17 World Cup later this year, AIFF president Praful Patel stated that this would be the next "logical step for the development of football in India".
The government has dropped its proposal to review its fight against corruption through a self evaluation study by independent experts in view of cold response from concerned agencies.
Board would start selling the bid documents on November 22.
Kerala-based Federal Bank on Monday said it was in race to acquire ailing Ganesh Bank of Kurundwad in Maharashtra and has submitted its expression of interest to the Reserve Bank of India.
The government will invite expression of interest from financial institutions for selling a part of its remaining stake in Maruti Ugyog Ltd next week.
The Department of Disinvestment will soon appoint merchant bankers to manage 10 per cent stake sale in Engineers India which may fetch Rs 520 crore to the exchequer.
Decades of military rule kept the country closed to foreign investors.
Banks want government to retain 40 per cent of Jet slots at all airports to ensure a new owner can kick-start operations soon after taking over.
A consortium of 26 lenders led by the SBI, with 51 per cent stake in the debt-trapped airline, has invited bids from potential suitors.
The government was planning to come up with a new fiscal model giving 'special incentives' for fields that were given out on nomination to ONGC and Oil India, reports Shine Jacob.
Company has around 70,000 towers and it will explore various business models that can realise value of its infrastructure
Uttam Prakash Agarwal alleged that Citax and Braich offers were incomplete and did not include firm commitment as to the price, size, timings, confirmation from the banks about availability of the funds.
The report also revealed the parlous finances of the Vijay Mallya-owned team at the time they were taken into administration last July.
"There are five Indian and six foreign companies which have submitted expression of interest (EoI) for buying stake in the gas transportation company (RGTIL)," a source privy to the development said.
There were 35 defects that still remained to be resolved. Of these, 29 could not have been resolved during the monsoon since they required testing in absolutely calm seas. Nor is the Khanderi being commissioned with a full complement of its primary weapon, the torpedo.
The Gurugram-based company had acquired Lucknow-based drone manufacturer and consultant start-up TechEagle in December, to expand food delivery using drones
The national carrier recently invited expressions of interest to appoint a real estate firm to advice it on the deal.
Eicher Ltd has decided to file an Expression of Interest in response to the Preliminary Information Memorandum issued by KPMG for divestment of PSIDC stake in Punjab Tractors.
In a statement, Fortis said under the accepted offer, IHH would infuse Rs 4,000 crore through subscription to the preferential allotment at a price of Rs 170 per share. The Malaysian firm will then make a mandatory open offer to public shareholders for 26 per cent of the outstanding shares post issuance.
Fabindia, Shoppers Stop and four others have shown interest in a public-private partnership with Khadi Bhawans to manage 8 outlets.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances