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

When the pandemic started spreading across the country, all scheduled international flights and domestic passenger flights were suspended from March 23 and March 25, respectively. Scheduled domestic flights were restarted in a limited manner from May 25

Anil Rai Gupta of Havells is reaping the fruits of relying on own resources and an acquisition that is starting to pay off

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

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

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

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

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

With private sector missing from action, PSUs were expected to play saviour, an expectation they failed to live up to

Singh was the first woman pilot to be selected by the airline in 1988 but she could not fly due to health reasons. However, she is known for her contribution in the area of flight safety

Larsen & Toubro's management expects to bounce back to normalcy in the second half of this financial year with order inflow from railways and metro, NHAI and power and water sectors

The government on Thursday announced that it has decided to extend the deadline for inviting bids for Air India till December 14

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

The plane was scheduled to be delivered by aircraft manufacturer Boeing to Air India during August but the delivery was delayed due to technical reasons