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

How the FM can make it a 'never before' Budget. Top experts weigh in

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

The loss, however, was significantly lesser than 2018-19, as Air India carried out massive evacuation operation of stranded Indians from overseas since the start of COVID-19 pandemic, which resulted in sequential improvement in its financial performance

In stage II, shortlisted bidders will be given a request for proposal (RFP), post which a transparent bidding process will take place

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

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.

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

The Department of Investment and Public Asset Management (DIPAM) is working towards concluding the sale in the current financial year as there is good investor interest and the transaction size is not big

All senior citizens of Indian nationality, permanently residing in India, will get Air India flight tickets at half the price to travel within the geographical boundaries. The bumper discount is coming right when Air India is getting bids for disinvestment, including a bid from Tata Sons. Watch the video for more details.

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

Post this, the employees are to hold a 51 percent stake in the airline, with their financial partners will acquire the remaining 49 percent.

Tata Group, the salt-to-software conglomerate, has filed the EoI through AirAsia India, where Tata Sons holds a substantial majority stake

The extension until 11 January 2021, however, is conditional on Air India paying in the already committed amount of $5 million for the month of December

Elon Musk says MBAs are polluting companies' abilities to think; US medical experts recommend approval of Pfizer-BioNTech's vaccine; French privacy watchdog slaps $163 million fine on Google, Amazon. Watch this and more news on News Blast.

Walmart to triple annual exports from India to $10 billion by 2027 Endorsing India's rise as a global hub of manufacturing, US-based retail major Walmart on Thursday said it will triple its exports of Indian goods every year to $10 billion by 2027. The new export commitment is expected to provide a significant boost to micro, small and medium-sized enterprises (MSMEs) in India, alongside ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programs, Walmart ...

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

In a joint communication addressed to the members, both the Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) said that while other domestic airlines have 'revised' pay cut for pilots, Air India has not done so

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