Centre had planned a disinvestment mop-up of Rs 2.1 lakh crore this fiscal, by selling stake in several public sector enterprises, but the plans have been stalled due to several factors

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

Government plans to sell entire 63.75 per cent stake in Shipping Corporation along with transfer of management control

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

Advertisement created a stir because COVID-19 vaccine is yet to be rolled out for masses, and Centre is working on a distribution system once vaccine is available

RSS affiliate Swadeshi Jagran Manch (SJM) also pointed out that in Tamil Nadu, West Bengal and many other parts of the country, the livelihoods of nearly one million people depend on the firecracker industry

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

The order said the issue had been discussed with the army, air force and navy in May and July, and was aimed at supporting Prime Minister Narendra Modi's campaign to promote domestic goods

The new deadline for Air India permanent employees to opt for leave without pay and shorter working weeks for a pay cut has been set at March 31, 2021

Boeing 777 aircraft is loaded with state-of-the-art missile defence systems called Large Aircraft Infrared Countermeasures and Self-Protection Suites, which can jam missile systems and includes countermeasures dispensing systems

India Stock Market Highlights Today: On hopes of the US Govt to announce a stimulated package, global markets begun the new trading week with modest gains.

India Stock Market News Updates Today: IndusInd Bank, M&M, TCS, Bajaj Finance, Bharti Airtel, Sun Pharma, Maruti, Tata Steel and Axis Bank were among the top gainers on Sensex pack. Kotak Bank wa the only loser.

The lower economic activities post the COVID-19 outbreak changed the financial position of global oil giants as most of them posted losses in the last quarter

Earlier in January this year, the government had announced that potential buyer will need to absorb Rs 23,286.50 crore debt of Air India

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

India Stock Market Highlights Today: Reliance Industries, Sun Pharma, Infosys, Axis Bank and ICICI Bank were among the top gainers today. On the other hand, PowerGrid, followed by NTPC, Nestle India, ONGC, L&T, HDFC and M&M were the top losers

Despite postponing its plans to take over three airports - Lucknow, Mangalore and Ahmedabad - Adani Group is moving full steam ahead to buy out the stake of GVK and two other entities in Mumbai International Airport

The government currently holds 87.40% stake in IRCTC. To meet Sebi's public holding norm, the government has to lower its stake in the company to 75%