The department has laid out norms for Qualified Institutional Party (QIP) intending to form a special purpose vehicle after the financial bid as well as companies, limited liability partnerships (LLPs), funds and individuals having stake in the bidding entity

The details were sought in reference to restrictions on the Transaction Advisor, Ernst & Young LLP India, from publicly disclosing the details of the qualified interested bidders of Air India who have responded to and have been cleared in the evaluation of Expression of Interest 

For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout

Air India presently has third-largest (9.4 per cent) traffic share in the domestic markets. Tata Group-owned airlines - AirAsia India and Vistara - were fifth and sixth largest with 7.1 per cent and 6.4 per cent market share, respectively

The government is selling its entire 100 per cent stake in Air India that has been in losses ever since its 2007 merger with domestic operator Indian Airlines

While the government has not extended the deadline for EoIs (Expressions of Interest) for the national carrier, the interested entities are required to submit the physical bids within 15 days from December 14

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The meeting is crucial given that no private investor has so far shown keen interest in acquiring the debt-laden carrier forcing the government to extend bidding date thrice

The government is likely to further extend the deadline for putting in a preliminary expression of interest for the loss-making national carrier to December 15

India Stock Market Highlights Today: All 30 Sensex constituents were trading in the green. Index heavyweight HDFC led the rally on the Sensex chart, followed by Asian Paints, IndusInd Bank, HDFC Bank, Mahindra and Mahindra and State Bank of India.

The government currently holds 87.40% stake in IRCTC. To meet Sebi's public holding norm, the government has to lower its stake in the company to 75%

Government has already issued the first set of clarifications for Air India bidders on the 'confidentiality undertaking' listed out in the Preliminary Information Memorandum (PIM) issued on January 27

The government expects to raise Rs 90,000 crore through sale of stakes in state-owned life insurance company LIC and IDBI Bank

Budget 2020 news: Ministry of Civil Aviation has been allocated Rs 3,797 crore in the Union Budget 2020-21. Here's for more

After the fall of Jet Airways, Air India is the only full-service domestic carrier serving to long-haul destinations in the US and Europe

The official did not sound very hopeful of the government getting an investor in such an \"economic situation,\" which has also affected the domestic aviation industry

The second bond issue with 10-year tenure was fully subscribed at a rate of 7.39 per cent

Since a partial stake sale in the national carrier failed to garner interest last year, the government now plans to sell its entire stake. The proposal is awaiting clearance from a ministerial panel currently.

The ailing national carrier has thus far managed to stay afloat on 10-year bailout package extended by the UPA government in 2012 but it had already devoured over Rs 27,000 crore of the allocated amount by end 2018

The digital sky platform, which was supposed to monitor the movement of drones in the country as per the policy, is yet to be launched