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BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests
Fp Staff • 5 years agoAir India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.
Govt likely sell part of Air India stake to foreign airline; may invite preliminary bids by 10 October: Report
Fp Staff • 5 years agoThe government has moved about Rs 30,000 crore of Air India's debt to a separate holding company, leaving the carrier with roughly another Rs 30,000 crore of debt.
Finance ministry may not infuse any additional funds into Air India this financial year; Rs 2,600 cr to be used to pay off interest
Fp Staff • 5 years agoAIAHL — the special purpose vehicle of Air India — mopped up Rs 7,000 crore through bonds on Monday and the issue was oversubscribed more than 20 times.
Daily Bulletin: SC to hear pleas against abrogation of Article 370; Toll rises to 11 in AP boat accident; day's top stories
Fp Staff • 5 years agoHere are today's top stories: SC to hear pleas against abrogation of Article 370 provisions, curbs in Jammu and Kashmir today; IMD issues heavy rain alert in Rajasthan, Madhya Pradesh; and more
Cabinet approves creation of SPV for Air India divestment; govt to allocate additional Rs 2,600 cr in next fiscal
• 6 years agoThe government has been working on ways to revive the fortunes of Air India, which is estimated to have a debt burden of Rs 55,000 crore.