"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
They say better late than never. For the Tatas, the original owners of Air India, bringing back the airline to its fold is worth the wait even if the attempt to privatise the bleeding national carrier by successive governments has taken over two decades. While many airlines have come and gone from the Indian skies since the time when the first move was made to privatise Air India to date, the salt-to-software conglomerate has never let the love affair with aviation, more so with Air India that its former chairman Jehangir Ratanji Dadabhoy Tata (JRD) had, to go off the radar. It is said that Tata group executives used to complain in private that JRD -- the pioneer of the Indian aviation industry -- spent more time worrying about Air India than the Tata group when he was heading both the entities.
Congress-Nationalist Congress Party combine's bid to wrest control of the Brihanmumbai Municipal Corporation on Friday appeared coming to a naught with the country's richest civic body's ruling Shiv Sena-Bharatiya Janata Party alliance set to emerge as the largest bloc.
Bracing for a once-in-a-decade power change, China's top leadership on Monday appeared relaxed during the 63rd National Day celebrations, as they laid floral wreaths at Hero's Monument in Tiananmen Square in Beijing. The old guard of Communist Party is set to hand over power to new leaders in November after staving off a bid by expelled leader Bo Xilai to wrest control of a key post.
Tehrik-e-Taliban Pakistan chief Hakimullah Mehsud has warned that his fighters were planning orchestrated attacks against the government and the military to wrest control of areas that they had lost in the country's northwest.
Images from the Indian Premier League match between Royal Challengers Bangalore and Chennai Super Kings, in Sharjah, on Friday.
Gold prices firmed up after Tuesday's decline, mainly because of fresh buying by local jewellers at the domestic spot market, coupled with a better trend globally.
Gilgit Baltistan's large frontage with Kashmir and Ladakh across Kargil and the Siachen Glacier gives Pakistan and China the perceived scope for conduct of collusive operations against India and wrest control of the major course of the Indus and Shyok, observes Lieutenant General Syed Ata Hasnain (retd).
Union Home Minister P Chidambaram expressed confidence on Sunday that that the situation in Naxal-hit West Midnapore district in West Bengal would be brought under control in three to four days. Described Naxals as 'cowards', he said they were retreating into the thick forests even as security forces wrested control of areas dominated by them.
"We are going to villages surrounding Ramgarh and consolidating our position and reassuring the people that they were now free from the fear of Maoists," Burdwan Assistant Superintendent of Police Humayun Kabir told PTI.
After reclaiming control of key Lalgarh police station area, security forces on Sunday pushed deeper to break the Maoist siege of 17 villages considered strongholds of the ultras and tribals backed by them.
The military, which has accused the Taliban of violating the accord by abducting and killing civilians and security personnel, said it is awaiting instructions from the government for launching a full-fledged operation in the region located 160 km from Islamabad.
Ahead of taking charge as the head of the American Key Central Command, General David H Petraeus on Wednesday said turning things around in Afghanistan and Pakistan will require taking away militant sanctuaries and strongholds, which he expected the insurgents would defend tenaciously. 'Certainly in Afghanistan, wresting control of certain areas from the Taliban will be very difficult,' Petraeus, who would be directly in charge of fighting in both the countries, said.
In a jolt to the Communist Party of India-Marxist-led Left Front in West Bengal, Trinamool Congress defeated its candidates in trouble-torn Nandigram in the three-tier panchayat elections. The front also faced rout in three zilla parishad seats in Singur to Trinamool Congress candidates. The polls are seen as a litmus test for the Buddhadeb Bhattacherjee government's farmland acquisition policy for industries.
Microsoft Corp. has announced that it had reached out to Yahoo Inc. with a possibility of a fresh deal that does not involve an acquisition of the Internet company. "Microsoft is considering and has raised with Yahoo an alternative that would involve a transaction with Yahoo but not an acquisition of all of Yahoo," Microsoft said in a brief statement.
India produced a clinical performance to beat Chinese Taipei 4-0 at the fourth Women's U-18 Asia Cup hockey tournament in Bangkok on Friday.
Images from Day 2 of the first Test between Australia and New Zealand in Perth on Friday
As it turns out, in recent years, companies operating in India have been increasing royalty and technical payments to their parent or associate companies at a fast pace.
India's P V Sindhu secured a straight-game win over Chinese Taipei's Tai Tzu Ying to reach the quarter-finals of the Denmark Open in Odense on Friday.
The victory is seen as a huge boost to Chief Minster Narendra Modi, who has been plagued by dissidence within the state unit.
A group of three banks has wrested control over the companies controlling Formula One's commercial rights from supremo Bernie Ecclestone.
As many as 91 more youths from Punjab returned to India on Tuesday from strife-torn Iraq on special flights.
Expelled AIADMK leader V K Sasikala on Monday returned to Tamil Nadu to a grand reception, days after completing her four-year jail term in Bengaluru in a corruption case, amid indications of a confrontation with the ruling party which she once controlled.
World No. 1 Saina Nehwal survived a scare before prevailing over Thailand's Busanan Ongbumrungphan in the opening round of the Denmark Open Super Series Premier badminton tournament on Wednesday.
Olympic silver-medallist P V Sindhu advanced to the semi-finals of the China Open after defeating local favourite He Bingjiao in straight games at the $700,000 Super Series Premier event, in Fuzhou, China, on Friday.
Immediately after his arrival in Riyadh, Prime Minister Narendra Modi on Saturday visited the Masmak fortress.
'You may be an MP or an MLA; when we go to Bengal, we go as cadre.'
Free from the Islamic State, Syria's Kobani now lies in ruins.
The move comes amid reports that new wheat crop prices in Madhya Pradesh, which is one the biggest growing state has fallen to below the MSP of Rs 1,625 per 100 kilograms due to bumper harvest.
Infiltration in Jammu and Kashmir is on the rise, with nearly 100 terrorists sneaking into the Valley this year from across the Line of Control taking routes, including those chosen by Pakistani raiders in 1947, to move towards south, which has emerged as the epicentre of militancy.
The battle for the takeover of MCFL has been going on for one year.
A much-anticipated second round meeting of India's top two women shuttlers, world No 1 Saina Nehwal and P V Sindhu, failed to materiliaze as the latter came a cropper in her opening match at the Japan Open Super Series badminton tournament, in Tokyo, on Wednesday.
In a statement to formally update parliament on her European Council meeting last week where the EU agreed to a short delay to the March 29 Brexit deadline, the British PM said she remained committed to "guarantee Brexit" even if it isn't as initially planned for this Friday and would continue to lobby MPs to get the support required for another vote on the withdrawal agreement agreed with the European Union.
Buying activity was so strong that all the sectoral indices except IT and technology ended in the green, rising by up to 3 per cent
The Essar group hinted at challenging the verdict, citing last week's Supreme Court order that upheld the August 2018 amendment to the IBC law.
'Has the time come to devise Version 2 of ad hoc T-bills?' 'In return, the government must agree to privatise all but five or six banks.' 'If something like this is not done, we will have governments going on the rampage, with increasing frequency,' says T C A Srinivasa Raghavan.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances