Divestment
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Trump Campaign Donor's $15-Billion TikTok Fortune At Stake Over Ban Bill
As some of the harshest Republican critics of TikTok soften their stance on the China-backed social media app, one billionaire donor's name is ricocheting around Washington.
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Tata Buys Air India: 5 Key Facts About The Deal
Tata Sons regained control of Air India nearly 70 years after its nationalisation with the government picking up the salt-to-software conglomerate as the winning bidder for the debt-laden state-run airline. The reserve price was set at 12,906 crores.
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Airports Among $81 Billion Of Infrastructure To Be Sold By Centre: Report
The Centre plans to raise Rs 6 trillion ($81 billion) from selling state-owned infrastructure assets over next four years to help bolster the governments finances and plug its budget deficit, according to people familiar with the matter.
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Centre To Take Care Of Job Loss In Strategic Divestment, Says Minister
The government on Monday said that concerns related to job loss and other facilities will be taken care of when a central public sector company, working in a strategic sector, is divested.
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TikTok US Sale Could Need Beijing Nod After China's New Tech Export Controls
China's new rules around tech exports mean ByteDance's sale of TikTok's US operations could need Beijing's approval, a Chinese trade expert told state media, a requirement that would complicate the forced and politically charged divestment.
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Air India Bailout Plan Not Alternative To Divestment, Says Chairman
The government's proposed move to pare Rs 29,000 crore of Air India's debt is a short-term measure and not an alternative to divestment plans, the national carrier's Chairman and Managing Director Pradeep Singh Kharola said on Wednesday.
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Kumar Mangalam Birla, YC Deveshwar Now Part Of Air India Board
The government today inducted corporate bigwigs Kumar Mangalam Birla and YC Deveshwar to the Air India board, a day after seeking Parliament's approval for supplementary grant for equity infusion in the loss-making national carrier.
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"Air India Stake Sale Review Soon," Says Centre After Plan Put On Hold
The government will soon review the plan for strategic disinvestment of Air India, Union Minister Jayant Sinha said today, a day after the centre said it has decided to put the stake sale in the national carrier on hold.
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Air India Employees' Union Preparing Alternative Plan To Revive Airline
Air India's employee unions today said they were preparing an alternative plan to revive the debt-laden national carrier, a day after the government announced that not a single bid had been received for the proposed stake sale in the loss-making airline.
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No Bids For Air India So Far, Won't Extend Deadline: Aviation Secretary
The government has not received any bids so far for its stake in state-run carrier Air India, the civil aviation secretary told TV channels, a day before the formal bidding process closes.
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Who Wants Air India? After IndiGo, Jet Airways Says "Not Me"
Jet Airways on Tuesday became the latest major airline to rule out a bid for debt-laden national carrier Air India in a new blow to the government's privatisation plans.
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Government To Sell 76% Stake In Air India, Give Up Management Control
The government today took the first step towards divesting the debt-ridden Air India, releasing an Expression of Interest and appointing multinational consultancy firm Ernst & Young as its advisor for the process, which is expected to be completed by December. The government has proposed to transfer management control of Air India along with the 76...
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Initial Bids For Air India Stake Sale In A Couple Of Weeks: Civil Aviation Secretary
Government will invite initial bids for a stake sale in Air India in the next couple of weeks, Civil Aviation Secretary Rajiv Choubey said
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No Decision Yet On How Much Stake In Air India To Sell, Says Government
Last year, the Union Cabinet approved privatisation of the debt-laden national carrier.
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Air India Disinvestment Process Moving 'Expeditiously,' Says Government
Cabinet Committee on Economic Affairs gave its in-principle nod for the disinvestment of the airline last year.
-
Trump Campaign Donor's $15-Billion TikTok Fortune At Stake Over Ban Bill
As some of the harshest Republican critics of TikTok soften their stance on the China-backed social media app, one billionaire donor's name is ricocheting around Washington.
-
Tata Buys Air India: 5 Key Facts About The Deal
Tata Sons regained control of Air India nearly 70 years after its nationalisation with the government picking up the salt-to-software conglomerate as the winning bidder for the debt-laden state-run airline. The reserve price was set at 12,906 crores.
-
Airports Among $81 Billion Of Infrastructure To Be Sold By Centre: Report
The Centre plans to raise Rs 6 trillion ($81 billion) from selling state-owned infrastructure assets over next four years to help bolster the governments finances and plug its budget deficit, according to people familiar with the matter.
-
Centre To Take Care Of Job Loss In Strategic Divestment, Says Minister
The government on Monday said that concerns related to job loss and other facilities will be taken care of when a central public sector company, working in a strategic sector, is divested.
-
TikTok US Sale Could Need Beijing Nod After China's New Tech Export Controls
China's new rules around tech exports mean ByteDance's sale of TikTok's US operations could need Beijing's approval, a Chinese trade expert told state media, a requirement that would complicate the forced and politically charged divestment.
-
Air India Bailout Plan Not Alternative To Divestment, Says Chairman
The government's proposed move to pare Rs 29,000 crore of Air India's debt is a short-term measure and not an alternative to divestment plans, the national carrier's Chairman and Managing Director Pradeep Singh Kharola said on Wednesday.
-
Kumar Mangalam Birla, YC Deveshwar Now Part Of Air India Board
The government today inducted corporate bigwigs Kumar Mangalam Birla and YC Deveshwar to the Air India board, a day after seeking Parliament's approval for supplementary grant for equity infusion in the loss-making national carrier.
-
"Air India Stake Sale Review Soon," Says Centre After Plan Put On Hold
The government will soon review the plan for strategic disinvestment of Air India, Union Minister Jayant Sinha said today, a day after the centre said it has decided to put the stake sale in the national carrier on hold.
-
Air India Employees' Union Preparing Alternative Plan To Revive Airline
Air India's employee unions today said they were preparing an alternative plan to revive the debt-laden national carrier, a day after the government announced that not a single bid had been received for the proposed stake sale in the loss-making airline.
-
No Bids For Air India So Far, Won't Extend Deadline: Aviation Secretary
The government has not received any bids so far for its stake in state-run carrier Air India, the civil aviation secretary told TV channels, a day before the formal bidding process closes.
-
Who Wants Air India? After IndiGo, Jet Airways Says "Not Me"
Jet Airways on Tuesday became the latest major airline to rule out a bid for debt-laden national carrier Air India in a new blow to the government's privatisation plans.
-
Government To Sell 76% Stake In Air India, Give Up Management Control
The government today took the first step towards divesting the debt-ridden Air India, releasing an Expression of Interest and appointing multinational consultancy firm Ernst & Young as its advisor for the process, which is expected to be completed by December. The government has proposed to transfer management control of Air India along with the 76...
-
Initial Bids For Air India Stake Sale In A Couple Of Weeks: Civil Aviation Secretary
Government will invite initial bids for a stake sale in Air India in the next couple of weeks, Civil Aviation Secretary Rajiv Choubey said
-
No Decision Yet On How Much Stake In Air India To Sell, Says Government
Last year, the Union Cabinet approved privatisation of the debt-laden national carrier.
-
Air India Disinvestment Process Moving 'Expeditiously,' Says Government
Cabinet Committee on Economic Affairs gave its in-principle nod for the disinvestment of the airline last year.
