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 US and India likely to sign a high quality bilateral investment treaty to create an enabling business environment.
The government holds 85.96 per cent in NHPC.
The board will now be headed by Vinod Kumar Yadav as chairman and CEO, and it will have four other members.
With Prime Minister Narendra Modi emphasising the need to kick-start investment in the country, the project monitoring group (PMG) under the Cabinet Secretariat has asked various government departments to start monitoring projects for which clearances have been facilitated through this mechanism.
The BJP is certain that the TMC will divide the Opposition votes, leaving it free to cruise through the polls.
Recently, world headlines buzzed with Elon Musk's announcement that he was shelving his audacious bid for social media platform Twitter. Away from the media spotlight, questions are being asked about the maverick billionaire's plans in India, too. A few days ago, a Reuters report said Musk's flagship Tesla had put on hold its plan to launch electric cars in India.
The move is part of recommendations made by a task force on the use of space technology in improving border management which have been accepted by Union Home Minister Rajnath Singh.
Chief of defence staff Bipin Rawat on Thursday said the controversy about the Chinese coming into the Indian territory and building a new village is 'not true,' and that the villages were well within the Chinese side of the Line of Actual Control.
In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.
'If your paper writes something you don't agree with, will you criticise it?' Nitin Gadkari asks Aditi Phadnis when quizzed about demonetisation.
The procurement is expected to signal a major upswing in India's strategic ties with the Philippines which has been focusing on ramping up its naval prowess in the face of its lingering friction with China in the South China Sea.
Arguing that Pakistan will remain a key player in counter terrorism post-2014, the United States has proposed $280 million in military assistance to the country, although it wants to cut civilian aid in an effort to acknowledge India's concerns about misuse of the funds.
Government gives 60 institutes freedom to fix courses, collaborate with foreign peers.
Governor Acharya Devvrat administered the oath to 10 cabinet ministers and 14 ministers of state, including five ministers of state with independent charge.
The postal department would be floating tenders for procurement of hardware and development of software. Pilots will be held in rural and urban post offices and the final roll out will be completed by September 2012.
Chelsea manager Jose Mourinho plans to stick with the English Premier League club for 12 seasons despite accepting his 'worst contract' in six years.
India's cities are bursting at the seams because poor people are migrating to them in search of work.
The output has seen a decline due to the ban in Karnataka and Goa.
Is there more than meets the eye to Kitex Garments, the world's second-largest children's garment producer, abandoning Kerala for Telangana?
Official websites of some states haven't been updated for years
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
The COVID-19 tests will be started at every polling station in the containment zones of Delhi in a few days
In a complaint to the Acting Assistant Secretary for Civil Rights Suzanne Goldberg and Deputy Assistant Secretary for Enforcement Randolph Wills, the Hindu American Foundation has asked the Office of Civil Rights to investigate and determine whether the University of Pennsylvania and its Department of South Asia Studies, South Asia Center created a hostile environment for students and faculty of Indian and Hindu descent, and whether the same entities and individuals misused any federal funds.
'I had done 23 years of very satisfying service -- 10 years in the police and 13 years in the Enforcement Directorate.' 'I had done law enforcement and thought the next step should be towards contributing to make good laws.'
'The kind of tax which will be generated from the second pillar may far outweigh what we may be losing in the first pillar.'
A lot of work is needed to be done on the part of the insurance sector behemoth, and the government, before it is ready for its market debut.
'Our mandate is to work in a transparent manner, keeping two objectives in mind - consumer interest and growth of the telecom sector.'
'ISRO facilities are very expensive and any damage caused by these start-ups can create havoc to our space programme.'
United States Secretary of State Antony Blinken has said that he had a productive meeting with visiting External Affairs Minister S Jaishankar during which they discussed the bilateral ties, COVID-19 relief efforts, India-China border situation and Afghanistan and vowed to work together to address areas of shared concern.
Commerce and Industry Minister Piyush Goyal urged start-ups to focus on three Ps - product, process, people - for building Aatmnirbhar Bharat.
Finance Minister Nirmala Sitharaman on Tuesday said monetisation of Central Public Sector Enterprises (CPSE) assets is based on the principle of value creation for the government and investors and would bring about a paradigm shift in infrastructure augmentation and maintenance. Chairing the National Workshop with the states/UTs on Asset Monetisation organised by Niti Aayog, the minister sought the collaboration of states for the holistic development of infrastructure. She said India can become a $5 trillion economy, while striking the right balance between fiscal imperatives and socio-economic welfare, through active collaboration between the public and private sector.
Professionals with sharp technical skills and knowledge of emerging markets will continue to be in demand, says Nikhil Barshikar, founder and CEO of Imarticus Learning, a tech learning and training company.
The UK will now be taking forward a solution that brings together the work on the National Health Service app and the Google/Apple solution.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
A state-of-the-art memorial ground will also be constructed in his honour.
At present, the EPFO is mandated to invest 20-45 per cent of its incremental funds - of around Rs 1.5 trillion - in debt-related instruments.
The private college and hospital has been in the thick of controversy following irregularities and fraud, raising questions on why the Chhattisgarh government wants to acquire the debt-ridden institution by paying double the amount of its valuation.
Maharashtra Chief Minister Devendra Fadnavis on Saturday allocated portfolios to the twenty-member council of ministers, including 10 of the Shiv Sena, who were inducted into his expanded cabinet.
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