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Prosenjit Datta
New Delhi, April 10, 2018
The problem is that the government expects the bidder to pay for both the good and the bad. And also take over a huge debt burden. For domestic airlines like SpiceJet, Vistara or Go Air, only the slots are valuable and some parts of the fleet. Guaranteeing the airline staff jobs for a full year is probably not something any bidder is looking forward to. 


Reuters
April 9, 2018
Aviation advisory firm Swiss Aviation Consulting (SAC) on Monday denied it has expressed interest in buying the debt burdened state-run carrier Air India.


PTI
April 6, 2018



BusinessToday.In
April 6, 2018
\"From day one, IndiGo has expressed its interest primarily in the acquisition of Air India's international operation and Air India Express. However, that option is not available under the government's current disinvestment plan for Air India,\" said Aditya Ghosh, president and whole time director of the airline, in a statement.


PTI
April 5, 2018
Eight employee unions of Air India have written to Prime Minister Narendra Modi raising serious concerns about the disinvestment of the national carrier and have sought an alternative revival plan.


BusinessToday.In
April 4, 2018
Things are looking up for the aviation sector in the country and the airlines are gearing up to service the ever-increasing demand. Full-service carrier Jet Airways has entered into an agreement with Chicago-based aircraft manufacturer Boeing to purchase 75 B-737 Max aircraft.


BusinessToday.In
New Delhi, April 4, 2018
Several systemic loopholes led to PNB loan fraud, says ICAI panelA high-power group, constituted by the Institute of Chartered Accountants of India (ICAI) to look into the PNB loan fraud case, has found systemic failure at many levels that led to the fraud in the first place and then failed to detect it for a long time. The group found that Nirav Modi's company was granted loan despite his company having only current account with the Brady House branch of the bank. \"When there is...


Manu Kaushik
New Delhi, April 4, 2018
Air India's disinvestment process has finally kicked off with the government inviting bids from potential buyers for a 76 per cent stake sale.


BusinessToday.in
New Delhi, April 2, 2018
Despite a huge debt pile on its books, there is much that makes Air India attractive. The national carrier has parking and landing slots at key airports across the world, including Heathrow airport and airports in several US destinations. The national carrier connects with around 54 domestic destinations and 43 international destinations, the highest number for any Indian carrier at present.


BusinessToday.In
New Delhi, March 31, 2018
Rajya Sabha MP Subramanian Swamy has called the proposed Air India disinvestment \"potentially another scam in the making\" and warned that he will file a criminal law complaint if he sees culpability.


BusinessToday.In
New Delhi, March 29, 2018
The government's decision to sell 76 pc equity in Air India is an excellent move but there are still a lot of unanswered questions; profits in PSBs will be squeezed further in the coming quarters as regulator RBI has issued new loan structuring guidelines and why Facebook is silent on changing its privacy policy and the kind of data it gathers about its users. BusinessToday.In Editor Rajeev Dubey elaborates on The Good, The Bad and The Ugly.


Manu Kaushik
March 29, 2018
The government has floated Express of Interest (EoI) document asking potential buyers of Air India to submit their bids for 76 per cent stake in the national carrier. Nearly 10 months after the finance minister Arun Jaitley publicly spoke about the intention of the government to sell its stake in Air India.


BusinessToday.In
March 29, 2018
As the government kick-starts the process of Air India's disinvestment by inviting Expressions of Interest for a 76 per cent stake in the beleaguered airline, there is good news for its huge staff - the flag carrier alone boasts over 11,000 permanent employees.


BusinessToday.in
New Delhi, March 29, 2018
ICICI Bank board expresses faith in MD and CEO Chanda KochharICICI Bank board has come out in support of its Managing Director and CEO Chanda Kochhar, saying it has full faith and confidence in her and described certain reports against her regarding credit disbursement to Videocon group as \"malicious and unfounded rumours\". ICICI Bank board also reviewed the bank's internal processes for credit approval and found them robust, the private sector lender said in a statement, as r...


PTI
March 28, 2018



PTI
March 28, 2018



BusinessToday.In
New Delhi, March 28, 2018
The Civil Aviation Ministry has asked for Expression of Interest (EoI) for selling its shares in the debt-laden carrier and two of its subsidiaries - Air India Express and Air India SATS Airport Services.


BusinessToday.In
New Delhi, March 27, 2018
During the hearing, advocate Aparajita Singh wondered why the BS-VI fuel could not be rolled out in more cities by April 1, 2019 given that pollution was a pressing issue.


BusinessToday.in
New Delhi, March 27, 2018
Facebook, Google, Twitter CEOs summoned by Senate committeeThe chief executive officers of top three social media platforms: Mark Zuckerberg of Facebook, Indian-American Sunder Pichai of Google, and Jack Dorsey of Twitter have been summoned by a Congressional committee for a hearing on data privacy. The hearing by the Senate Judiciary Committee has been scheduled for 10 April. In a statement, committee chairman Chuck Grassley said Zuckerberg has been invited to discuss the compa...


BusinessToday.In
March 26, 2018
Earlier this year, a parliamentary panel had asked the government to make an assessment of the job loss before deciding on Air India sale. It had also asked the Ministries of Finance and Civil Aviation to develop a strategic package to protect the interests of officers of the airline.


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