The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nation

Tata sons win bid for Air India

by TLN Team October 1, 2021October 1, 2021
written by TLN Team October 1, 2021October 1, 2021
Tata sons win bid for Air India

The government has accepted a proposal of Tata Sons’s bid for state-run airline Air India, Bloomberg News reported.

Tata Group was among the multiple entities that had put in an initial expression of interest in December 2020 for buying the Maharaja.

Union finance minister Nirmala Sitharaman, commerce minister Piyush Goyal and aviation minister Jyotiraditya Scindia were among the members of the committee that evaluated the bids.

Air India, originally called Tata Airlines, was established in 1932 by the legendary industrialist and philanthropist JRD Tata, who was also India’s first licensed pilot.

It was nationalized around the time of India’s independence in 1947.

“Tatas have been very, very passionate about Air India,” former Air India director Jitender Bhargava had told Bloomberg earlier.

The stake sale process, which began in January 2020, faced delays due to the Covid-19 pandemic. In April 2021, the government asked potential bidders to put in financial bids.

Air India has been in losses ever since its merger with domestic operator Indian Airlines in 2007.

Tatas will now get control of 4,400 domestic and 1,800 international landing and parking slots at domestic airports, as well as 900 slots at airports overseas.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
AGM of Round Table India and Ladies Circle held
next post
Unemployment, Coronavirus biggest worries of Urban India

You may also like

Ex-Indian cricketer Salim Durani passes away

April 2, 2023

Mumbai CGST detects Rs 14-cr tax fraud by...

April 2, 2023

ASEAN to switch to local currency use in...

April 2, 2023

Indian Idol 13: Winner name leaked?

April 1, 2023

Twitter bans over 6.8 lakh accounts in India...

April 1, 2023

Private centres to issue fitness certificates for vehicles

April 1, 2023

PPF, SSY, and other small savings schemes now...

April 1, 2023

One Naxalite killed in encounter with police in...

April 1, 2023

Government raises interest rates on modest savings programs,...

April 1, 2023

Drunk Swedish Man arrested for Molesting an Air...

April 1, 2023

Trending News

  • Indian Idol 13: Winner name leaked?

    April 1, 2023
  • Donald Trump indicted, first US president to face charges

    March 31, 2023
  • What is blue Aadhaar card? check details below

    March 30, 2023
  • SBI credit card fees and charges in 2023, details below

    March 30, 2023
  • Good Friday’s Traditional Food Practises

    March 29, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

October 2021
M T W T F S S
« Sep   Nov »
 123
45678910
11121314151617
18192021222324
25262728293031

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.