Air India-privatisation

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Air India-privatisation - Total results - 95
E-commerce policy soon, says Suresh Prabhu; expresses optimism on Ease of Doing Business rankings next fiscal
Business

E-commerce policy soon, says Suresh Prabhu; expresses optimism on Ease of Doing Business rankings next fiscal

Suresh Prabhu said that the policy which was initially drafted by industry stakeholders was currently awaiting for clearance from the Department of Industrial Policy and Promotion.

Government seeks Parliament's approval for $143 million capital injection in Air India during current fiscal year
Business

Government seeks Parliament's approval for $143 million capital injection in Air India during current fiscal year

The government last month shelved a plan to sell a majority stake in Air India due to lack of interest from bidders

Days after privatisation setback, Air India to revamp business, first class cabins on international flights to boost revenue
Business

Days after privatisation setback, Air India to revamp business, first class cabins on international flights to boost revenue

State-run Air India will revamp its business and first class cabins on international flights to try to boost revenues by wooing more high-paying passengers, a top company official said on Friday

Government is committed to strategic disinvestment of Air India, says Union minister Jayant Sinha
Business

Government is committed to strategic disinvestment of Air India, says Union minister Jayant Sinha

The process for selling 76 percent stake in the airline is over now, Union Minister Jayant Sinha said

Air India flop show: Govt puts off sale plan, will pump money instead; national carrier might target IPO
Business

Air India flop show: Govt puts off sale plan, will pump money instead; national carrier might target IPO

Air India will very soon get funds from the government for its day to day operations and will even place orders for a couple of aircraft, a govt official said

Air India flop show: An IPO of the white elephant is out of question; govt better revise terms of sale to attract bidders
Business

Air India flop show: An IPO of the white elephant is out of question; govt better revise terms of sale to attract bidders

SEBI rule state that a company has to log profits for three preceding years before going public. Air India hasn’t made any profit for over a decade

RBI's unexpected hike in repo rate to 6.25% after four-and-a-half years upsets Narendra Modi's election year Budget maths
Business

RBI's unexpected hike in repo rate to 6.25% after four-and-a-half years upsets Narendra Modi's election year Budget maths

RBI's rate increase is likely to be followed by one or two more this year, economists predict, pushing up overall borrowing costs for the government and companies alike.

Air India disinvestment: Govt moves deadline to receive bids to 31 May as it struggles to find suitor for 'Maharaja'
Business

Air India disinvestment: Govt moves deadline to receive bids to 31 May as it struggles to find suitor for 'Maharaja'

The government on Tuesday extended the deadline for submission of 'Expression of Interest' (EoI) bids under Air India's divestment process to 31 May, 2018

Air India disinvestment: Govt may allow holding company structure for carrier; won't permit merger with other brands initially
Business

Air India disinvestment: Govt may allow holding company structure for carrier; won't permit merger with other brands initially

Government has reportedly decided to allow holding company structure for debt-laden Air India and it believes that the move will attract suitors

Air India disinvestment: Any entity with adequate finances, ability to run national carrier can bid, says FinMin
Business

Air India disinvestment: Any entity with adequate finances, ability to run national carrier can bid, says FinMin

The government had last month floated a preliminary information memorandum inviting bidders to buy 76 percent stake in loss-making Air India along with transfer of management control.

Air India privatisation: Time for naysayers to step aside and let national carrier sale go through
Business

Air India privatisation: Time for naysayers to step aside and let national carrier sale go through

Fast forward to today, and interest in the deal – the sale of Air India, Air India Express (the budget airline) and AI-SATS (a 50:50 joint venture with a gateway services and ‘food solutions’ provider) as one entity – is not exactly bubbling.

Air India disinvestment: Mohan Bhagwat getting emotionally chauvinistic about ailing carrier doesn't bode well for its future
Business

Air India disinvestment: Mohan Bhagwat getting emotionally chauvinistic about ailing carrier doesn't bode well for its future

You do not have to be an economist to know that the only way to save Air India is to pull it out of the clutches of the government which throttled the carrier ever since that black day when Morarji Desai dumped JRD Tata and ordered Air Chief Marshal PC Lal to take over

Air India disinvestment: Subramanian Swamy calls for Jayant Sinha to be 'dropped', supports Mohan Bhagwat's remarks
Business

Air India disinvestment: Subramanian Swamy calls for Jayant Sinha to be 'dropped', supports Mohan Bhagwat's remarks

Subramanian Swamy tweeted that he welcomed Bhagwat's 'timely warning' on the Air India 'family silver sale'.

Air India privatisation: 18,000 employees cannot hold nation to ransom; sale to set tone for other PSU divestment plans
Business

Air India privatisation: 18,000 employees cannot hold nation to ransom; sale to set tone for other PSU divestment plans

If the 18,049 Air India employees are allowed to hold the country to ransom, then so will the employees of other loss-making government-owned firms.

Air India privatisation: Etihad Airways mulls bid for ailing national carrier, sends feelers to Anil Ambani's ADAG
Business

Air India privatisation: Etihad Airways mulls bid for ailing national carrier, sends feelers to Anil Ambani's ADAG

Talks between Etihad and R-ADAG are unlikely to translate into a partnership. A buyer has to take on a debt of around Rs 33,000 crore.

Air India privatisation: Tata Group still in the race for national carrier, bidders seek relaxation of norms
Business

Air India privatisation: Tata Group still in the race for national carrier, bidders seek relaxation of norms

A day after it was reported that Tata Group was unlikely to bid for Air India, sources close to development have now said that Tatas have not pulled out

Air India privatisation: Unions claim bidders are 'arm twisting' govt to sell national carrier for cheap
Business

Air India privatisation: Unions claim bidders are 'arm twisting' govt to sell national carrier for cheap

Alleging that probable bidders are using "arm twisting tactics" to force govt to sell national carrier for cheap, Air India unions said they will take up issue with PMO

Air India stake sale: Tata Group unlikely to bid for national carrier as terms too onerous, say sources
Business

Air India stake sale: Tata Group unlikely to bid for national carrier as terms too onerous, say sources

Tata Group, which already owns stakes in two airline joint-ventures in India, does not see “how a deal would be workable” under the current terms

Air India divestment: The curious case of the missing suitor could force Centre to dilute bidding criterion for national carrier
Business

Air India divestment: The curious case of the missing suitor could force Centre to dilute bidding criterion for national carrier

Ailing Air India and its group entities are up for grabs. However, almost every suitor named by Indian media so far has been quick to issue a denial

Air India privatisation: Naresh Goyal's Jet Airways rules out bid for debt-ridden national carrier
Business

Air India privatisation: Naresh Goyal's Jet Airways rules out bid for debt-ridden national carrier

Jet's announcement comes days after IndiGo pulled out of the race to acquire Air India's operations. The Centre now has no clear front-runner in the sale campaign.