Air India privatisation: Centre to invite financial bids by March-end : Bulletin: Business Today
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Air India privatisation: Centre to invite financial bids by March-end

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Rashi Bisaria | March 12, 2021

Air India privatisation: Centre to invite financial bids by March-end

Central government is reportedly planning to invite financial bids for privatisation of national carrier Air India by the end of this month. The plan is to wrap up the disinvestment process in the second half of the current calendar year. The shortlisted entities might be given time till June or early July this year to furnish their financial bids, reported CNBC-TV18. After the bids are locked, the sale of Air India will take another 3-4 months to finalise after evaluation of the financial bids.

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Audit firm PwC India on Thursday announced a special one-time bonus for all its 1,500 employees as an appreciation for the unrelenting commitment and efforts during the COVID-19 pandemic. "We are happy to share this success with our people through this token of appreciation," PwC India Chairman Sanjeev Krishan said in a statement.

Denmark suspends AstraZeneca jab after blood clot reports

Denmark has temporarily suspended AstraZeneca COVID-19 vaccine shots after reports of cases of blood clots forming, including one in Denmark, Danish authorities said on Thursday. They did not say how many reports of blood clots there had been, but Austria has stopped using a batch of AstraZeneca shots while investigating a death from coagulation disorders and an illness from a pulmonary embolism. They said six other European countries had halted the use of a vaccine batch from AstraZeneca.

Google Pay to provide users much control over their data

Google on Thursday said it will offer users of Google Pay enhanced privacy features, allowing them to take control of their own transaction data. Google Pay is rolling out an update to the app from next week that will provide users with more controls to decide how their Google Pay activity is used to personalise features within the app.

LPG sales rise 7.3% despite price hike, say oil companies

Cooking gas LPG consumption rose 7.3 per cent in the last three months despite a steep price rise, with usage among the PMUY beneficiaries, who are mostly poor rural households, jumping near 20 per cent, state-owned oil companies said. Reports also suggested that some PMUY beneficiaries had abandoned buying LPG following the price surge.

No restrictions on export of COVID-19 jabs, says White House

The Biden administration on Thursday ruled out that it has imposed any kind of restrictions on export of COVID-19 vaccines, amidst reports that European Union has been told by the US that they cannot expect any AstraZeneca shipments anytime soon. Vaccine manufacturers in the United States are free to export their products while also fulfilling the terms of contracts with the United States, the White House stated.

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