Skip to Main content

8.06°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Oct 1, 2021 9:47 AM -

Reports of Tata winning bid of Air India disinvestment are 'incorrect': Govt

Share On

reports-of-tata-winning-bid-of-air-india-disinvestment-are-incorrect-govt

Reports of Tata winning bid of Air India disinvestment are 'incorrect': Govt

Department of Investment and Public Asset Management (DIPAM) secretary on Friday termed media reports indicating approval of financial bids by the Central government in the Air India disinvestment as 'incorrect'.

The DIPAM secretary also stated that the media will be informed of the government's decision as and when it is taken.

"Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the Government decision as and when it is taken," the DIPAM secretary tweeted.

The share purchase agreement (SPA) has been given to the bidders in the meeting recently and the process will start after a formal announcement is made after it is approved by the Union Home Minister Amit Shah-led ministerial committee. Union Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal and Aviation Minister Jyotiraditya Scindia are also members of the committee.

Air India's reserve price was fixed after the bids were called to ensure that the bidders do not get to know about the reserve price prior to their bidding. It ensured utmost confidentiality when it comes to the reserve price.

The government will divest its 100 per cent stake in Air India, Air India Express and 50 per cent stake in ground handling company AISATS.

Latest news

richmond-rcmp-steps-up-patrols-to-ensure-a-safe-halloween-night

Richmond RCMP steps up patrols to ensure a safe Halloween night

Richmond RCMP is reminding families to take extra precautions this Halloween as officers increase patrols across the city to help keep trick-or-treaters safe. Police say additional officers and community policing volunteers will be out on the streets to support public safety and engage with residents. The detachment says the focus this year will be on visibility and prevention, with patrols targeting busy residential areas where children are expected to be out after dark. Officers will also monitor for unsafe or suspicious behaviour and enforce the city’s ban on fireworks. Under Richmond’s

number-of-extortion-related-files-in-surrey-reaches-74-with-39-shooting-related

Number of extortion related files in Surrey reaches 74 with 39 shooting related

The number of extortion related files with Surrey police in 2025 has reached 74. Of these, 39 cases were shooting related. Just around a couple of weeks ago, this number was reported to have reached 57. Meanwhile, shots were also fired in the 7800 block of 124 Street in Surrey at around 2:45 a.m. yesterday (Sunday, Oct. 25). There were people inside the house at the time of the incident, but no one was injured. It has not yet been confirmed that this incident is related to extortion, although the matter is suspected to be extortion-related. Connect FM reached out to Staff Sgt. Lindsey Hough

surreys-133million-cloverdale-recreation-centre-is-now-open

Surrey's $133million Cloverdale recreation centre is now open

This past weekend, the City of Surrey officially opened the Cloverdale Sport & Ice Complex. Surrey's newest recreation and sporting facility is conveniently located in the heart of Cloverdale's community near 62nd Avenue and 177 street. This facility has two sheets of ice, skate and helmet rentals, skate sharpening, multipurpose rooms, food services, and free parking. (Image - City of Surrey)This fully-accessible facility offers registered and drop-in arena programs for everyone in the community from preschool to seniors. Construction began in Summer 2022. The project was designed by TK

u-s-to-begin-mandatory-photo-collection-for-all-non-citizens-including-canadians

CanadaOct 27, 2025

U.S. to Begin Mandatory Photo Collection for All Non-Citizens, Including Canadians

The United States government will soon require all non-citizens, including Canadians, to have their photos taken when entering or leaving the country under new security regulations announced by the Department of Homeland Security (DHS). According to a notice published in the Federal Register, the policy will take effect on December 26, though officials acknowledge full implementation could take several years. The DHS says the updated rule aims to strengthen border security and prevent visitors from overstaying their visas. Under the new system, U.S. Customs and Border Protection will expand it

One dead after car crashes into Prince George home

A driver has died after a vehicle crashed into a house in Prince George on Saturday afternoon. Prince George RCMP say officers were called to a home on Queensway around 2 p.m. on October 25, where they found a single vehicle had collided with the front of the residence. Two people were inside the home at the time but were not injured. BC Emergency Health Services transported both the driver and a passenger to hospital. Police say the driver later died from their injuries, while the passenger sustained non-life-threatening injuries. Corporal Jennifer Cooper, spokesperson for Prince George RCMP,

Related News

Balwant Singh Rajoana: Death row convict urges swift decision on mercy plea

Balwant Singh Rajoana: Death row convict urges swift decision on mercy plea

Balwant Singh Rajoana, a convict on death row for the assassination of former Punjab Chief Minister Beant Singh, was brought to the Government Dental College for treatment and wants his case decided. While he was being taken to the hospital amidst tight security, Rajoana said that he has spent nearly 30 years in prison, with 18 years on death row. The mercy petition has also been pending for over 14 years. "Even the Supreme Court has been asking the government for over five years to decide the matter. I want there to be no further delay and for the matter to be decided," said Rajoana. A plea

PM Modi invites Canadian PM to New Delhi

PM Modi invites Canadian PM to New Delhi

India has invited Prime Minister Mark Carney to New Delhi early in the new year for talks with Prime Minister Narendra Modi. This could pave the way for a new economic relationship and a free trade agreement between the two countries. India's High Commissioner to Canada Dinesh Kumar Patnaik said that a sincere effort is being made by the two leaders to improve diplomatic relations and increase trade and investment opportunities amid the tariff war with the US. Patnaik said that if the two countries negotiate a far-reaching agreement, annual trade between Canada and India could cross $50-billio

Grand Alliance announces Tejashwi Yadav as Chief Ministerial Face

Grand Alliance announces Tejashwi Yadav as Chief Ministerial Face

In India, the activities of political parties have intensified regarding the Bihar elections. Meanwhile, RJD chief Tejashwi Yadav has been made the Chief Ministerial Face of the Grand Alliance for the Bihar elections. Gehlot said that Tejashwi Yadav is our leader, now the NDA should announce who will be their Chief Ministerial Face, just saying that we will fight the elections under the leadership of Nitish Kumar will not be enough. 14 leaders of seven parties attended the joint press conference of the Grand Alliance, which included RJD, Congress and VIP parties.

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital