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

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

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

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

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

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 comprehensive health insurance plans from health insurers are mostly indemnity covers that make good the losses only up to the medical expenses actually incurred subject to the maximum sum insured in the policy. However, in the fixed benefit plan you get the full sum insured when hospitalised

To the question, \"How long do you think you can easily sustain this post COVID way of living with restriction?\" 38 per cent of the 8,496 respondents said they are \"willing to live the COVID-19 way of living for as long as it takes\"

IGL said it will offer diesel-run genset users in residential complexes, commercial establishments and industrial units based in Delhi, Noida, Greater Noida, Ghaziabad and parts of Gurugram an appropriate solution to convert diesel-run electricity generating units to natural gas

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

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

Employees allege that the government plans to give the right to review terms of 10-year service contracts to the company management after June 2020. They also fear that they will be denied retirement benefits if the company turns private

While issuing the EoI in January, the last date for bids was kept at March 17, which was later extended to April 30. This was further extended till June 30, and again till August 31

As per the notification by the Department of Economic Affairs (DEA) that comes under the Finance Ministry, foreign investments in Air India, comprising that of foreign airlines shall not exceed 49 per cent

Coronavirus update: Finance Ministry had earlier extended the deadline for bids submission for Air India to April 30 from March 17. The government wants to offload 100 per cent of its stake in the beleaguered airline