The loss, however, was significantly lesser than 2018-19, as Air India carried out massive evacuation operation of stranded Indians from overseas since the start of COVID-19 pandemic, which resulted in sequential improvement in its financial performance

The Department of Investment and Public Asset Management (DIPAM), which manages government stake sale programmes, had kicked off the privatisation drive inviting preliminary bids for debt-laden Air India in January

While Air India disinvestment is not likley to conclude by March 2021, the BPCL deal, coupled with privatisation of Shipping Corporation and CONCOR can push disinvestment proceeds to close to Rs 80,000 crore this fiscal.

The extension until 11 January 2021, however, is conditional on Air India paying in the already committed amount of $5 million for the month of December

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 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

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

PM Modi had in February this year envisaged raising around Rs 2.1 lakh crore by selling state assets in an attempt to contain the budget deficit at 3.5 per cent of the GDP

RIL, which operates the world's largest single location oil refining complex, plans to capture this opportunity through increased presence at airports to refuel airplanes

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Lockdown relaxation in India state-wise: The national capital has reported 78 new COVID-19 cases and 2 more deaths in the past 24 hours, confirmed Delhi Health Department

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IndiGo, India's largest airline, said that it had seen more than 500 per cent increase in queries through emails and calls in the last few weeks

\"Which company would not be interested in evaluating a sovereign airline of the country,\" said Vistara chairman on being asked whether Vistara was interested in Air India

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