Tata Sons has emerged as the top bidder for the takeover of debt-laden State-run airline Air India but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah, sources said.
With over 700,000 annual passengers and 21 per cent market share Air India is the largest carrier on India-United Kingdom routes.
Severe skilled, unskilled shortage threatens to pull emergency brakes on India's industrial engine.
'All they need is proper leadership.'
Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was sold to the Tatas.
Meet IAF Veteran Bhopinder Singh Saini from the Viro ke Vir Indian Party.
'Training was incredible and thrilling, be it firing weapons, drill or 10 km runs and push-ups. It gave us unforgettable memories and inculcated soldier like qualities.'
The child's mom continued to sob and pray. The Vistara staff was valiantly standing by offering as much assistance as they were capable of.
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
As India progresses towards formulating its own model of theaterisation, the public must get involved in the debate because in the end, it affects the well-being of the entire nation, asserts Biswajit Dasgupta.
The Enforcement Directorate on Wednesday said it has attached in London, Dubai and India assets worth Rs 538 crore of Jet Airways founder Naresh Goyal, his family members and companies as part of a money laundering investigation linked to an alleged bank loan fraud. The attached properties include 17 residential flats, bungalows and commercial premises. Located in London, Dubai and various cities in India, these properties are in the name of various companies like Jetair Private Limited and Jet Enterprises Private Limited, Goyal, his wife Anita, and son Nivaan, the central agency said in a statement.
'It is necessary to have a person at the top who can make strict decisions without hesitation. Modiji has done that.'
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
To ensure the morale of the pilots does not suffer, flying activity continues without a pause. Pilots take to the sky like they would on any other day.
The Gujarat high court on Monday said it does not have faith in the state machinery which gets into action only after innocent lives are lost, as it pulled up the Rajkot civic body over the purported lapses in functioning of the game zone facility where a massive fire killed 27 persons.
The first C-295 aircraft was inducted into Squadron No. 11 of the IAF. It is one of the oldest squadrons of the Indian Air Force (IAF) and is currently based at Vadodara Air Force Station.
So far 4,596 Shramik trains have operated since May 1.
J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
Managing the senior generals has proven to be quite a headache for General Asim Munir, even as he and his team of loyal henchmen labour hard to dispel the sense of unhappiness among the public about the army's overbearing presence and interference in matters 'civilian', notes Rana Banerji, who headed the Pakistan desk at RA&W.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
The second wave of the coronavirus pandemic is likely to delay recovery in air passenger traffic with an 80-85 per cent growth year-on-year this fiscal against the earlier estimate of 130-135 per cent, ratings agency ICRA said on Monday. The domestic passenger traffic, which witnessed a steady ramp-up after resumption of airport operations since May 25 last year and reached 64 per cent of the previous year levels in February, has again suffered a setback, the ratings agency said in a report. The spike in coronavirus infections towards March-end and April has resulted in several state governments implementing fresh restrictions, resulting in a marginal 0.7 per cent de-growth sequentially in traffic in March.
Only four-five lawmakers availed of the facility of DTC's "MP Special" to reach Parliament on the first day of the launch of the service.
A 269-member Indian tri-services contingent is participating in the parade. Three Rafale fighter jets of the Indian Air Force (IAF) will also join the flypast on the occasion along with French jets.
After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake.
'Overnight, the Chetak had new markings and thereafter flew on the call sign, Echo-Bravo-Romeo.' 'By all accounts, this was the first aircraft of the Bangladesh Air Force.'
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
Are faulty design, hurried construction and private ownership to be blamed for the incidents of airport roofs crashing?
Three experts from Western Coal Fields, a subsidiary of Coal India Limited, camped at the Silkyara tunnel site from November 20.
Prime Minister Narendra Modi made a pitch for electing a strong and stable government in an uncertain world beset by geopolitical tensions as the Bharatiya Janata Party on Sunday released its manifesto, prioritising development and welfare while shunning populist measures and contentious issues like the National Register of Citizens (NRC).
Air India has planned to monetise its unutilised and surplus immovable real estate assets over the next few years.
British special forces are blasting Bollywood music as a new psychological warfare weapon against Islamic State terrorists in Libya on the advice of a Pakistani-born intelligence officer, it emerged on Wednesday.
The heaviest rainfall began to ease across hard-hit portions of Manhattan and Brooklyn late Friday morning, but another round is expected in the afternoon and could reinvigorate dangerous flooding.
An orange alert has been sounded for Srinagar, Avantipur, Jammu, Pathankot, Hindon airbases after the monitoring of the terrorists' movements by the intelligence agencies.
Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.
Former IAF chief Bhadauria said this aircraft is "state-of-the-art" and "hugely capable".
A group of eminent Indian Americans in Silicon Valley has held a special meeting with senior officials of the Department of Justice, Federal Bureau of Investigation and police and told that the United States soil is being used for terrorist activities against India.
Air travel will now become a little expensive as the government has decided to increase the lower limit on airfares by five per cent amid rising aviation turbine fuel (ATF) prices, Civil Aviation Minister Hardeep Singh Puri on Friday. The upper limit on airfares will remain as it is for now. Just a month back, the Centre had increased the lower and upper limits on domestic airfares by 10-30 per cent due to rising ATF prices. While announcing resumption of scheduled domestic flights in May last year, the aviation ministry had placed limits on airfares through seven bands classified on the basis of flight duration.
In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances