Tata Group News

Govt likely to officially hand over Air India to Tata Group today

Govt likely to officially hand over Air India to Tata Group today

New Delhi: The Indian government is likely to hand over Air India to the Tata Group on Thursday, nearly 69 years after it was taken from the conglomerate, officials said on Wednesday (January 27). After a competitive bidding process, the government had on October 8 last year sold Air India

Air India likely to be handed over to Tata group on 27 Jan: Report

Air India likely to be handed over to Tata group on 27 Jan: Report

New Delhi: Air India is likely to be handed over to the Tata group by the end of this week, senior government officials said on Monday.The remaining formalities regarding the deal are likely to be completed in the next few days. “The disinvestment of Air india is now decided to

Tata Group’s acquisition of Air India approved by CCI

Tata Group’s acquisition of Air India approved by CCI

Competition Commission of India (CCI) today approved Tata Group’s acquisition of Air India, Air India Express and Air India SATS Airport Services. Talace, which is a wholly-owned subsidiary of Tata Sons, has also been allowed by the anti-trust regulator to acquire shares in Air India Express and Air India SATS

IndiGo may charge passengers for checked-in baggage as markets heat up

IndiGo may charge passengers for checked-in baggage as markets heat up

Gurgaon: IndiGo, one of Asia’s biggest budget carriers, is mulling charging passengers for checked-in luggage as the airline prepares for a potentially fierce price war in India’s cutthroat air travel market, which is showing signs of recovery following the worst of Covid. IndiGo, operated by InterGlobe Aviation NSE -2.04 %

Tata Sons makes winning bid of Rs 18,000 cr for debt laden Air India: Govt

Tata Sons makes winning bid of Rs 18,000 cr for debt laden Air India: Govt

New Delhi: Salt-to-software conglomerate Tatas on Friday bagged the bid to acquire debt-laden state-run Air India offering Rs 18,000 crore for acquiring 100 per cent shareholding, Tuhin Kanta Pandey, secretary to the Department of Investment and Public Asset Management (DIPAM) – the government department responsible for privatisation – said. Tata Sons beat SpiceJet promoter to

“I sleep with clear conscience”: Cyrus Mistry on Supreme Court’s verdict

“I sleep with clear conscience”: Cyrus Mistry on Supreme Court’s verdict

New Delhi: Former chairman of Tata Group, Cyrus Mistry, on Tuesday finally broke his silence on the Supreme Court’s judgement stating though he is disappointed by the verdict but his conscience is clear. Backing the decision to sack him as chairman of the over $100 billion salt-to-software group in 2016, said today “life