The timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to impact of the second Covid-19 wave. However, the government is confident of wrapping up the sale of the two companies by FY22 and meeting the disinvestment target of Rs 1.75 trillion. This will be achieved by sale of government stake in core and non-core public sector undertakings (PSUs).
It also implicitly refers to what came out in testimonies before Justice John Major that one L Singh's baggage was checked-in by CP Air out of Vancouver on the connecting Air India flight from Toronto to New Delhi without the passenger having confirmed booking on the connecting Air India flight and the passenger himself not even being on board the flight.
Tata Sons has started the process of due diligence of state-owned Air India and its subsidiary Air India Express. Sources said the group has appointed Bain and Company and Seabury Group for this purpose. Once complete, a financial bid will be submitted and a deal to take over the airline is likely to fructify by end of this year or even earlier, people involved in the process said. Simultaneously, the group has brought in veterans in the aviation business from Delta and United Airlines to prepare a plan for post-merger integration of Air India with its existing airline ventures. Tata Sons operates Vistara - a 51:49 percent joint venture with Singapore Airlines and Air Asia India, in which Tatas hold 83.67 per cent stakes.
The cost of any flight from Delhi and Mumbai could rise by up to Rs 3,000 soon unless the airport regulator is able to reverse a court order.
The termination led to chaotic scenes at the Netaji Subhas Chandra Bose International Airport as the 211 passengers on the Boeing 777-200 LR tried to convince officials to let them reach their destination at the earliest.
At least 190 victims of last week's Air India plane crash in Ahmedabad have so far been identified through DNA matching and 159 bodies handed over to their families, an official said on Wednesday.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
An ultra-Left students' outfit, RSF, has triggered a row by symbolically naming the venue of its state conference after Maoist leaders killed by security forces. The conference was held at Jadavpur University.
The development comes as relations between the two countries showed marked improvement following the four-day military conflict between Pakistan and India in May.
The Army Tuesday said no air defence guns or any other air defence resource were deployed within the Golden Temple premises during Operation Sindoor.
'Pakistan is uncomfortable with the Indian presence in Afghanistan. They want the Taliban to ensure that there is no Indian presence in Afghanistan.'
'Who gave the Tatas the right to discontinue technically sound practices related to safety and security?'
$3.6 billion worth of aircraft - by today's prices - are lying idle or are in hangers due to poor maintenance and management
Almost all the Indian batters ended their batting sessions with lofted shots. Every few minutes, screams of 'Watch out!' filled the air -- not from the players, but from scribes trying to protect their laptops, cameras, and skulls.
Union Home Minister Amit Shah said on Sunday that indigenously developed BrahMos missiles destroyed Pakistani air bases while its air defence system, borrowed from China, remained unused, during Operation Sindoor, which exposed its lies on terrorism to the world.
This is the fourth extension given by the government for putting in bids.
Experts believe it would be far-fetched to believe that Riyadh would support Pakistan militarily in any conflict with India, which has robust strategic and economic relations with Saudi Arabia.
'A Mayday at 600-800 feet followed by descent to 450 feet suggests the pilot still had control.'
Passengers complained of last-minute alerts, lack of communication and long queues as flight operations continued to be hit nationwide.
One key development is the direct cargo connection between Chennai and Vladivostok, a crucial Russian port on the Northern Sea Route.
The Mumbai teams were involved in a 1-1 draw in an eighth round I-League match.
Defence Minister Rajnath Singh said Operation Sindoor gave Pakistan a "good dose" of caution and warned against any future "misadventure" against India. He also highlighted the role of the armed forces in nation-building and the government's commitment to border infrastructure development.
'Government shouldn't be in the business of running airlines, instead it should develop the ecosystem of civil aviation.'
Luckily for us, a Russia that is desperate to stay relevant in an emerging multipolar world finds in India a reliable geostrategic partner. The Russian proximity to India also keeps China from exploiting its economic dominance vis a vis Russia, points out Colonel Anil A Athale (retd).
The government had earlier warned that the management was free to take any action against them.
"Decoding of the black box is going to give in-depth insight into what happened moments before the plane crash," Civil Aviation Minister K Rammohan Naidu said at a briefing in the national capital.
The Indian Air Force is set to retire its fleet of MiG-21 fighter jets at a decommissioning event in Chandigarh. The event will mark the end of an era for the aircraft that has been a key part of the IAF's combat fleet for over six decades.
'Since the government will not hold any significant stake in the airline this time, such restrictions are not required anymore.'
We were talking to a real-life spy!! Wow!
The Russian agencies concerned are carrying out studies to determine the level of investments they will have to make to manufacture the aircraft in India, defence sources said.
Eight Indian shooters, including double Olympic medalist Manu Bhaker, have secured their places in the season-ending ISSF World Cup Final scheduled to be held in Doha, Qatar, from December 4 to 9.
While Bhasin will be getting provident fund money and gratuity, he would not be getting leave encashment for 420 days, medical reimbursement for himself and wife, free passes for himself and wife, and holiday home facilities.
Long queues, passengers in tears, and repeated flight cancellations created a morning of severe disruption at Ahmedabad's Sardar Vallabhbhai Patel International Airport on Saturday, as IndiGo continued to face nationwide operational delays.
'If they can be duplicitous, we can be equally duplicitous.' 'If they offer friendship, we reciprocate.' 'If they choose hostility, we respond with equal hostility.'
On Wednesday, Surat airport remained operational for an extra one hour waiting for the landing of an Air India Express flight that took off more than an hour late from the national capital.
In the 18 months that Arvind Jadhav has been the chairman of state-owned Air India, he has faced more than one crisis.
Abhishek Sharma's scintillating 75 was beautifully complemented by Kuldeep Yadav and Varun Chakravarthy as India comfortably hammered Bangladesh by 41 runs to enter the Asia Cup final in Dubai on Wednesday.
The couple, who lived in the UK, had come to Ahmedabad after two years to surprise Patel.
The government is betting on the fact that it will be conducive for the new owner to give voluntary retirement scheme
A 1985-batch Karnataka cadre officer, Kharola would be steering the national airline at a time when the government has started the process for its strategic divestment.
