Skip to Main content

13.58°^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

IndiaApr 23, 2026

Amritpal Singh formally arrested in Ajnala violence case after NSA detention ends

Amritsar Rural Police have formally arrested Khadoor Sahib MP and ‘Waris Punjab De’ chief Amritpal Singh in connection with the Ajnala violence case, following the expiry of his detention under the National Security Act. According to a police statement, the arrest was carried out immediately after the NSA detention period lapsed. Singh was produced before a sub-divisional court in Ajnala via video conferencing from Dibrugarh Central Jail in Assam, where he remains lodged. Police told the court they require extended custody to continue their investigation, including recovery of weapons and

three-arrested-after-alleged-14-000-pokémon-card-robbery-in-vancouver

Three arrested after alleged $14,000 Pokémon card robbery in Vancouver

Vancouver police say three teenagers have been arrested following an alleged robbery involving high-value Pokémon cards arranged through an online marketplace. According to a Vancouver Police Department release, officers responded shortly after 8:00 p.m. Tuesday to a robbery in progress near East King Edward Avenue and Ontario Street. Investigators say a man attempting to sell two Pokémon cards, each valued at $7,000, was bear-sprayed during the transaction. Police allege the suspects fled the scene in a vehicle with the cards but were intercepted a short time later in Burnaby near Macpherso

westjet-raises-checked-baggage-fees-following-air-canada-citing-industry-pressures

CanadaApr 23, 2026

WestJet raises checked baggage fees following Air Canada, citing industry pressures

WestJet says it will increase checked baggage fees starting Thursday, adding new costs for air travellers across its network. The change follows a similar move by Air Canada announced last week. According to a WestJet statement, passengers checking bags at the airport will pay an additional $10 for each of the first two checked bags. Fees for overweight baggage will also rise, with increases of up to $50 depending on weight. The airline attributed the decision to “global conditions” and shifting trends in the aviation sector, but did not provide a detailed cost breakdown in its announcemen

alberta-introduces-bill-to-end-seasonal-clock-changes-stay-on-daylight-time

AlbertaApr 23, 2026

Alberta introduces bill to end seasonal clock changes, stay on daylight time

Alberta’s government has introduced legislation that would end twice-yearly clock changes and keep the province on daylight time year-round. The proposal was tabled by Premier Danielle Smith’s United Conservative government, according to a provincial announcement. If passed, the bill would eliminate the need to switch between standard time and daylight saving time each spring and fall. The government has said the change is intended to provide consistency for businesses and residents, though details on when the change would take effect have not yet been confirmed. The move would require coo

alberta-premier-to-provide-update-on-fall-referendum-questions

AlbertaApr 23, 2026

Alberta premier to provide update on fall referendum questions

Alberta Premier Danielle Smith is expected to provide an update today on a planned provincewide referendum set for October, including previously announced questions tied to social policy and governance. According to a February announcement from the Alberta government, the referendum is to include up to nine questions. Among them are proposals that would restrict access to certain social services for some immigrants, though full wording of the questions has not yet been finalized. The update comes as debate continues in Alberta over the prospect of separation from Canada. A citizen-led initiati

Related News

Amritpal Singh formally arrested in Ajnala violence case after NSA detention ends

Amritpal Singh formally arrested in Ajnala violence case after NSA detention ends

Amritsar Rural Police have formally arrested Khadoor Sahib MP and ‘Waris Punjab De’ chief Amritpal Singh in connection with the Ajnala violence case, following the expiry of his detention under the National Security Act. According to a police statement, the arrest was carried out immediately after the NSA detention period lapsed. Singh was produced before a sub-divisional court in Ajnala via video conferencing from Dibrugarh Central Jail in Assam, where he remains lodged. Police told the court they require extended custody to continue their investigation, including recovery of weapons and

Bus crash in Indian-administered Kashmir kills 21, dozens injured

Bus crash in Indian-administered Kashmir kills 21, dozens injured

At least 21 people were killed and about 45 others injured after a passenger bus veered off a mountainous highway and plunged down a steep slope in Indian-administered Kashmir on Monday, according to local authorities. Civil administrator Prem Singh said the 42-seat bus was carrying more than 60 passengers from Ramnagar to Udhampur when it collided with an auto-rickshaw at a sharp curve. The impact caused the bus to lose control and fall approximately 30 metres onto a lower road. Officials said 19 people died at the scene, while two others succumbed to their injuries after being transported to

Court orders Amritpal Singh to remain in Assam jail after NSA term ends

Court orders Amritpal Singh to remain in Assam jail after NSA term ends

Khadoor Sahib MP Amritpal Singh will remain lodged in Dibrugarh Central Jail in Assam even after the expiry of his detention under the National Security Act, following an interim order by the High Court. According to court proceedings, the Punjab and Haryana High Court directed that Singh not be transferred to Punjab and that hearings in the cases registered against him will continue to be conducted within the Assam jail premises. The interim order came in response to a petition filed by the Punjab government. Singh’s legal counsel argued before the court that he does not pose any threat in

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital