Skip to Main content

14.71°^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

former-vancouver-mayor-alleges-b-c-cabinet-minister-under-investigation

Former Vancouver mayor alleges B.C. cabinet minister under investigation

Former Vancouver mayor Kennedy Stewart says he has been interviewed by federal lawyers regarding what he alleges is an investigation into a British Columbia cabinet minister for possible collaboration with China’s government. Stewart said Premier David Eby and other cabinet members are aware of the matter. He did not identify the minister and did not provide documentation to support the existence or scope of any investigation. The RCMP said it is reviewing a request for comment but did not confirm any investigation. The B.C. government did not respond to a request for comment by publication

census-2026-letters-mailed-as-canadians-required-to-complete-survey-by-may-12

CanadaMay 05, 2026

Census 2026 letters mailed as Canadians required to complete survey by May 12

Households and farm operators across Canada will begin receiving letters this week with instructions to complete the 2026 national census, with responses due by May 12, according to Statistics Canada. The agency says Canadians are expected to complete the survey within about a week of receiving the letter, as required under the Statistics Act, which mandates a census every five years and requires participation from all households and farm businesses. Under the act, those who do not complete the census could face a fine of up to $500. The last census, conducted in 2021, collected data on popula

edmonton-man-charged-with-two-counts-of-second-degree-murder-in-langley-deaths

AlbertaMay 05, 2026

Edmonton man charged with two counts of second-degree murder in Langley deaths

An Edmonton man has been charged in connection with the deaths of two people found inside a home in Langley, according to police. The Integrated Homicide Investigation Team said officers were called to a residence near 16 Avenue and 208 Street at 11:15 a.m. on April 27, where they located the bodies of an 18-year-old woman and a 33-year-old man. Police have not released the victims’ identities. Investigators have identified the accused as 33-year-old Craig Lefferty-Tucaro of Alberta. He has been charged with two counts of second-degree murder and was taken into custody on May 3. According to

louise-arbour-appointed-canadas-next-governor-general-replacing-mary-simon

CanadaMay 05, 2026

Louise Arbour appointed Canada’s next governor general, replacing Mary Simon

Prime Minister Mark Carney says former Supreme Court justice Louise Arbour will serve as Canada’s next governor general, succeeding Mary Simon when her term concludes this summer. According to a statement from the Prime Minister’s Office, Arbour’s appointment follows a selection process that prioritized official bilingualism and public service experience. Arbour is a former justice of the Supreme Court of Canada and has held senior international roles, including United Nations high commissioner for human rights and chief prosecutor for international tribunals in The Hague. Simon, who was

man-killed-in-daytime-shooting-inside-surrey-business-complex-homicide-team-investigating

Man killed in daytime shooting inside Surrey business complex; homicide team investigating

A man is dead after a daytime shooting inside a business complex in Surrey’s Newton area on Monday, according to police. Surrey Police Service said officers were called at 3 p.m. to the 13000-block of 76 Avenue for reports of a shooting inside the foyer of an office building. When officers arrived, they found a young man suffering from critical injuries. BC Emergency Health Services attempted life-saving measures, but the man was pronounced dead at the scene, police said. The building houses multiple businesses, including an insurance office and a training centre. Police have not released th

Related News

BJP leads West Bengal results as Mamata Banerjee loses Bhabanipur seat

BJP leads West Bengal results as Mamata Banerjee loses Bhabanipur seat

Trinamool Congress leader Mamata Banerjee has lost the Bhabanipur assembly seat in West Bengal, according to early election results. Bharatiya Janata Party candidate Suvendu Adhikari defeated Banerjee by a margin of about 15,000 votes. The result marks the second time Banerjee has lost to Adhikari in a direct contest. In the 2021 state election, she was defeated by him in the Nandigram constituency, although her party went on to form the government with a statewide majority. According to preliminary trends from the Election Commission, the BJP has secured 184 of the 294 assembly seats, crossin

Punjab Assembly passes confidence motion with 88 AAP MLAs voting in favour

Punjab Assembly passes confidence motion with 88 AAP MLAs voting in favour

The Punjab Legislative Assembly passed a confidence motion tabled by Chief Minister Bhagwant Mann during a special session called by the state government, according to proceedings reported from the House. The motion was introduced to demonstrate the government’s majority. A total of 88 legislators from the Aam Aadmi Party voted in favour, while four MLAs were absent at the time of voting. Ahead of the session, Leader of the Opposition Partap Singh Bajwa questioned the need for a confidence motion, stating that the ruling party already holds a large majority in the Assembly. He said the move

Punjab cabinet approves May 1 special Vidhan Sabha session focused on labour issues

Punjab cabinet approves May 1 special Vidhan Sabha session focused on labour issues

The Punjab cabinet, led by Chief Minister Bhagwant Mann, has approved convening a one-day special session of the Vidhan Sabha on May 1, according to a state government announcement. The session will coincide with International Workers' Day and is expected to focus on issues affecting the working class. The government plans to discuss concerns linked to changes in employment programs, including the replacement of the Centre’s MGNREGA with what it describes as the “Ji Ram Ji Scheme,” as outlined in the cabinet decision. According to the announcement, representatives of labour unions from a

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital