Tata Sons to take over national carrier Air India, wins bid at Rs 18,000 crore
New Delhi: Tata group won the bid to acquire India's flagship carrier Air India, adding another airline brand in its hangar with the other two being Vistara and Air Asia India, here on Friday.
Air India Disinvestment: Ratan Tata, Chandrasekaran to soon meet panel of ministers led by Amit Shah
New Delhi/IBNS: Tata Group chairman emeritus Ratan N Tata and Tata Sons chairman Natarajan Chandrasekaran are likely to soon meet a panel of Union ministers led by Home Minister Amit Shah to talk about the final parts of the salt-to-software conglomerate’s bid for Air India, two sources aware of the negotiations have told Moneycontrol.
Reports claiming Tata Sons won Air India bid incorrect: Govt
New Delhi/IBNS: The central government has rubbished the reports claiming Indian multinational conglomerate Tata Sons won the bid to acquire debt-ridden national airline Air India.
Tata Sons wins bid to acquire Air India: Reports
New Delhi/IBNS: Indian multinational conglomerate Tata Sons has won the bid to acquire the debt-ridden national carrier Air India, media reports said.
No leadership structural changes on the anvil: Tata Sons Chairman Chandrasekaran
New Delhi/UNI: Tata Sons Chairman N Chandrasekaran on Wednesday said that no leadership structural change is on the anvil denying reports that the group is looking for a CEO as part of leadership makeover.
Ras Al Khaimah Investment Authority, Ankur Bhatia not bidding for Air India : Report
Mumbai/IBNS: Ras Al Khaimah Investment Authority and Bird Group promoter Ankur Bhatia are not bidding for the national carrier Air India Limited along with SpiceJet chairman Ajay Singh, spokespersons for Ras Al Khaimah government and Bird Group have said, reported Mint.
Air India: Confusion over debts, assets complicates disinvestment
Mumbai/IBNS: Even as the government plans to invite financial bids for the sale of national carrier Air India, after shortlisting expressions of interest for the second phase of the deal, those in the fray are still not aware of the quantum of assets and debts that will be part of the takeover, said a media report.
Ahead of Air India' strategic disinvestment, Tata increases stake in AirAsia India
Mumbai/IBNS: Tata Sons is all set to buy AirAsia Berhad's majority stake in AirAsia India as all eyes are set on the second phase of Air India deal, which reportedly the Tatas are most likely to win.
Mumbai/IBNS: Tata Sons Chairman Emeritus and one of the most loved industrialists of India Ratan Tata turned 83 today.
New Delhi/IBNS: The Indian government seems to have made some headway in the disinvestment of financially-hit Air India as it received "multiple expressions of interest" and "the transaction will now move to the second stage", the Department of Investment and Public Asset Management said Monday.
Laying off employees in Covid-19 times not a solution for companies: Ratan Tata
Mumbai/IBNS: Contradicting several companies' steps to reduce workforce to sail through the Covid-19 times, Indian industrialist Ratan Tata felt laying off employees can never be the solution to tackle the financial crisis caused due to the pandemic and the subsequent lockdown.
Tata Sons is not looking to monetise its investments to raise capital: N .ChandrasekaranÂ
Mumbai/IBNS: Tata Sons chairman N .Chandrasekaran on Friday said the company is not looking to monetise its investments to raise capital.
COVID-19: Tata Trusts up their commitment by Rs 1000 crore
Mumbai/IBNS: Hours after announcing a contribution of Rs 500 crore towards tackling the COVID-19 situation in India, Tata Trusts on Saturday increased their commitment to the cause with an additional Rs 1000 crore.
Tata Sons-Mistry conflict: SC issues notice to parties
New Delhi/UNI: The Supreme Court on Friday issued notice to Cyrus Mistry after hearing a plea filed by Tata Sons against the National Company Law Appellate Tribunal's January 6 decision by which it had rejected an application seeking a modification of its December 2019 judgment.
Won't pursue executive chairmanship of Tata Group: Cyrus Mistry
New Delhi/UNI: Cyrus Mistry on Sunday said that he will not be seeking the executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries despite the National Company Law Appellate Tribunal order in his favour.