Centre had planned a disinvestment mop-up of Rs 2.1 lakh crore this fiscal, by selling stake in several public sector enterprises, but the plans have been stalled due to several factors

In a stock exchange filing, the company said its board will meet on January 15 to consider share buyback as also payment of interim dividend for the fiscal year ending March 2021

Centre has appointed SBI Capital Markets as its Transaction Advisor to advise and manage the strategic disinvestment process; bids will have to be submitted by March 1

In almost a week long suspension, thirty-seven single-trip flights to the UK across carriers of Air India, Vistara, British Airways, and Virgin Atlantic have been cancelled

The Department of Investment and Public Asset Management (DIPAM), which manages government stake sale programmes, had kicked off the privatisation drive inviting preliminary bids for debt-laden Air India in January

The plan comes on the heels of online retailer Amazon India's move to deploy EVs for last-mile delivery. The company is reportedly in touch with Mahindra Electric and Kinetic Green for vehicle supplies

Air India Employees Union said the existing medical scheme in Air India should be continued as it is for serving and retired employees

While Air India disinvestment is not likley to conclude by March 2021, the BPCL deal, coupled with privatisation of Shipping Corporation and CONCOR can push disinvestment proceeds to close to Rs 80,000 crore this fiscal.

Apple has put iPhone-maker Wistron on probation following the debacle at Karnataka's Naraspura plant; State-owned carrier Air India is likely to conclude privatisation in the next fiscal as the divestment process may take a little over three months of 2020-21; The Union Health Ministry has called an urgent meeting of its Joint Monitoring Group on Monday to discuss the emergence of a mutated variant of the coronavirus in the United Kingdom (UK). Watch this and more on News Blast.Also Read: India suspends flights from UK till Dec 31

After Mumbai, IKEA India to focus on Delhi, NCR and Bangalore Home furnishings retailer IKEA India recently opened its store in Navi Mumbai on the Thane-Belapur Road. Two smaller format stores will follow in Mumbai's city centre during 2021. Following Mumbai, IKEA plans to focus on Delhi, NCR and Bangalore for expansion. Despite COVID-19 pandemic, India Inc raised Rs 10 lakh crore this yearIndian corporates managed to raise around Rs 10 lakh crore through equity and debt in 2020 as India...

Government plans to sell entire 63.75 per cent stake in Shipping Corporation along with transfer of management control

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

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

India's national agriculture policy is 20 years old and its response to farm crisis continues to be ad hoc, primarily focused on letting private players provide infrastructure and better remuneration to farmers who have consistently failed to deliver

The pandemic had put the brakes on the government's ambitious disinvestment plans for the fiscal. However, things have started picking up as businesses go back to normal and markets regain their appetite for buying assets. DIPAM Secretary Tuhin Kanta Pandey lays down the road ahead for the department

A preliminary meeting would be held at NITI Aayog on Monday to identify more companies. The meeting would be held to assess which companies and assets are non-strategic in nature and can be pushed for sale in the next round

The government plans to conclude the bidding process in four major PSUs -- BPCL, Shipping Corporation (SCI), Container Corporation (Concor) and BEML -- by November last as the stock market is heading to break above pre-Covid levels

It estimated that the economy is likely to contract by 13.5 per cent in the second quarter (July-September), and the contraction in FY21 (April 2020 to March 2021) is likely to be around 9.5 per cent

Prime Minister Narendra Modi had laid the foundation stone for the construction of a new terminal building at the airport in the historic temple city in the state through a video link from Tirupur (Tamil Nadu) in February last year

The lower economic activities post the COVID-19 outbreak changed the financial position of global oil giants as most of them posted losses in the last quarter