Tatas to take over Air India on Thursday, new board to pilot the airline
New Delhi/UNI: Tata group is all set to take control of Air India on Thursday marking the end of long-running disinvestment process for the loss-making carrier.
Air India appoints Vikram Dev Dutt as CMD
Mumbai/IBNS: Air India on Friday appointed Vikram Dev Dutt as its chairman and managing director (CMD).
Banks offer Rs 35,000 cr loan to Air India's new owner Talace promoted by Tata
Mumbai/IBNS:Air India has been offered a loan of over Rs 35,000 crore at a weighted-average yield of 4.25 percent, the cut-off rate at which the government last raised one-year money through an auction of 364-days treasury bills, ET reported.
As Ratan Tata turns 84, here's a look at another great year of India's greatest businessman
Mumbai/IBNS: Legendary businessman Ratan Tata celebrated his 84th birthday on Tuesday. Birthday wishes poured in for the Chairman Emeritus of Tata Sons with netizens sharing photos from his youth and inspirational quotes from him.
Expat CEO to lead Air India; board to be reconstituted: Report
Mumbai/IBNS: Tata Sons has chosen a non-Indian CEO to head Air India and also shortlisted members for reconstituting the board of the acquired national career before it finally takes over in January 2022, media reports said.
Noel Tata steps down from all executive posts in Tata Group
Mumbai/IBNS: Noel Tata has stepped down as the managing director of Tata International after turning 65, the retirement age for the senior personnel in Tata Group, Economic Times reported.
Tata Sons working on merger of Air Asia India with Air India Express: Report
Mumbai/IBNS: Tata Sons has started working on the merger of budget carrier Air Asia India with Air India's low fair wing Air India Express in a bid to achieve synergies and cut operational costs, Economic Times reported.
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.