Struggling with sluggish orders and recession, BHEL has called for an Expression of Interest (EOI) inviting global companies to partner and leverage its facilities and capabilities for setting up a manufacturing base in the country

While marketing and promotional activity is not an immediate priority for advertisers struggling to re-build their own businesses, revenues will remain subdued through the middle of 2021

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

For Tata Group, getting into aviation was more of an emotional decision given that the group's patriarch JRD Tata pioneered the concept of aviation in the country by founding Air India in 1932

Sensex, Nifty Live News Today: Indian indices were the top laggards amongst the key global indices, since the average peak achieved in February 2020. Since then, Brazil index has fallen 40%, followed by India, where the decline stands at 36%. Compared to this, other key indices average decline stands around 31-28% from peak.

Under the sale process, the government intends to sell 100 per cent stake in Air India and Air India Express, and 50 per cent stake in the ground-handling arm Air India SATS Airport Services Private Limited

Adani's energy and infrastructure conglomerate is planning on submitting an EoI next month but final decision will likely come after EoI process gets over and bidders get to access data online

BPCL operates four refineries in Mumbai, Kochi, Bina (Madhya Pradesh) and Numaligarh (Assam) with a combined capacity of 38.3 million tonnes per annum

A day after she presented her second Budget, Business Today caught up with Finance Minister Nirmala Sitharaman in her North Block office to find out the reasoning behind the key initiatives in Budget 2020

The Budget reveals the government is willing to stretch its finances by going off the fiscal glide path

The government currently holds 53.29% stake in BPCL, and at prevailing market prices the share sale would fetch about Rs 60,000 crore to the government

The government expects to raise Rs 90,000 crore through sale of stakes in state-owned life insurance company LIC and IDBI Bank

Union Budget 2020 Live Updates: PM Modi says budget will increase income, investment, demand and consumption, and will bring new vigor in financial system and credit flow

Air India requested people to use its authentic website, mobile app or urged people to visit city booking offices or authorised agents for booking related issues

Govt document mentions transfer of debt worth Rs 23,286.5 crore to new owner will include finance lease obligations, long-term borrowings, short-term borrowings. But if its 33 aircraft are no longer under finance lease, what kinds of debt transfer would that be?

For a period of one year from the date of selection of the bidder, it will not be allowed to transfer equity securities of Air India

Air India sale: The Minister of State for Civil Aviation said the successful bidder would continue to use Air India brand

Air India Divestment: As a part of disinvestment, 100% equity stake in Air India with its 100% equity stake in AIXL and AI's 50% equity stake in AISATS is being sold by the Centre

Air India sale: Modi government on Monday announced sale of 100 per cent stake in debt-laden Air India. It also issued the preliminary bid document for the strategic divestment

As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low-cost airline Air India Express and 50 per cent shareholding in joint venture AISATS