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Air India sale hangs in balance as bidders back out due to daunting terms

Catastrophe has struck Air India yet again. After all the fanfare and brouhaha around the sale of the national carrier, the civil aviation ministry couldn't find a single bidder for the airline.

 
 
The stock opened with a gain of 10% today. The stock is down 7.50% during the last one year. It has fallen 48.92% since the beginning of this year.
Wednesday was a historic day for Uber Technologies Inc, the ride-hailing giant: At long last it was able to declare a quarterly profit.
A recent Citi Research report reportedly pegged Amazon India's market share at 30 per cent - the same as the Bangalore-based company - and valued it at $16 billion.
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