Divestment Process
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Air India Making A Loss Of Over Rs 20 Crore Per Day, Says Minister
The Centre is in a serious process of divestment and will soon come out with the expression of interest (EoI) documents for privatising the national carrier Air India and chopper-operator Pawan Hans.
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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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"Divest Air India, But Let It Be With Indian Player," Says Mohan Bhagwat
RSS chief Mohan Bhagwat on Monday said Air India should be owned by an Indian player who can run it efficiently, amid the government initiating the disinvestment process for the debt-laden national carrier.
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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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FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
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Single Brand Retail, Construction Get Big FDI Push: 10 Points
The Cabinet today liberalised FDI or foreign direct investment in key sectors including allowing 100 per cent FDI under automatic route in single brand retail trading. It also allowed foreign airlines to invest up to 49 per cent under approval route in national carrier Air India. This move is expected to expedite the divestment process for Air Indi...
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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.
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NITI Aayog Says It's 'Unviable' To Support Air India
Air India has a debt of Rs 51,890 crore. The government has initiated a process for strategic disinvestment of Air India.
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Domestic, International Operations of Air India To Be Sold Together
"What we will be offering through the bidding process is the integrated airline (Air India)," said Union civil aviation minister Jayant Sinha.
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Tatas, IndiGo Interested In Air India, Says Jayant Sinha
Government is working in a time-bound manner to finish the bidding process, said the minister.
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Air India Ropes In SBI Caps, Sets Up 5 Teams For Divestment
National carrier Air India has roped in SBI Caps to advise on the future course and has constituted five teams to work on various aspects of the stake sale process
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Air India Ropes In SBI Caps For Divestment Process
The national carrier has constituted five teams to work on various aspects of the stake sale process.
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Latest On Air India Sale In 10 Points: Government Prefers Domestic Buyer
The government would prefer selling Air India, its debt-laden carrier to a domestic buyer, news agency Reuters reported citing a government source on Monday. It is mulling to sell the airline's various businesses - which include ground-handling, domestic operations and international flights - in parts, the report added. The state-run carrier, which...
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Government To Sell Off 14 State-Run Hotels, Cut Losses
Fourteen out of 16 perennially loss making hotels owned by state-run ITDC will be sold off and the process to privatise them has already started, Tourism and Culture Minister Mahesh Sharma said today.
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PM's Office Draws Up List of 58 Sick Public Sector Units, Wants Roadmap
The office of Prime Minister Narendra Modi has stepped into the process of divestment, calling for a clear roadmap for 58 loss-making Public Sector Enterprises. It has been decided to close five of these units immediately, 11 will stop getting non-budgetary support.
-
Air India Making A Loss Of Over Rs 20 Crore Per Day, Says Minister
The Centre is in a serious process of divestment and will soon come out with the expression of interest (EoI) documents for privatising the national carrier Air India and chopper-operator Pawan Hans.
-
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.
-
"Divest Air India, But Let It Be With Indian Player," Says Mohan Bhagwat
RSS chief Mohan Bhagwat on Monday said Air India should be owned by an Indian player who can run it efficiently, amid the government initiating the disinvestment process for the debt-laden national carrier.
-
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...
-
FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
-
Single Brand Retail, Construction Get Big FDI Push: 10 Points
The Cabinet today liberalised FDI or foreign direct investment in key sectors including allowing 100 per cent FDI under automatic route in single brand retail trading. It also allowed foreign airlines to invest up to 49 per cent under approval route in national carrier Air India. This move is expected to expedite the divestment process for Air Indi...
-
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.
-
NITI Aayog Says It's 'Unviable' To Support Air India
Air India has a debt of Rs 51,890 crore. The government has initiated a process for strategic disinvestment of Air India.
-
Domestic, International Operations of Air India To Be Sold Together
"What we will be offering through the bidding process is the integrated airline (Air India)," said Union civil aviation minister Jayant Sinha.
-
Tatas, IndiGo Interested In Air India, Says Jayant Sinha
Government is working in a time-bound manner to finish the bidding process, said the minister.
-
Air India Ropes In SBI Caps, Sets Up 5 Teams For Divestment
National carrier Air India has roped in SBI Caps to advise on the future course and has constituted five teams to work on various aspects of the stake sale process
-
Air India Ropes In SBI Caps For Divestment Process
The national carrier has constituted five teams to work on various aspects of the stake sale process.
-
Latest On Air India Sale In 10 Points: Government Prefers Domestic Buyer
The government would prefer selling Air India, its debt-laden carrier to a domestic buyer, news agency Reuters reported citing a government source on Monday. It is mulling to sell the airline's various businesses - which include ground-handling, domestic operations and international flights - in parts, the report added. The state-run carrier, which...
-
Government To Sell Off 14 State-Run Hotels, Cut Losses
Fourteen out of 16 perennially loss making hotels owned by state-run ITDC will be sold off and the process to privatise them has already started, Tourism and Culture Minister Mahesh Sharma said today.
-
PM's Office Draws Up List of 58 Sick Public Sector Units, Wants Roadmap
The office of Prime Minister Narendra Modi has stepped into the process of divestment, calling for a clear roadmap for 58 loss-making Public Sector Enterprises. It has been decided to close five of these units immediately, 11 will stop getting non-budgetary support.
