Skip to Main content

9.86°^C Vancouver

News Entertainment Sports Videos 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

CanadaNov 09, 2026

Canada to Develop New Strategy for Foreign Espionage, Granting CSIS Expanded Powers

The Canadian government is planning to grant the country's intelligence agency, the Canadian Security Intelligence Service (CSIS), the authority to conduct espionage operations overseas. The move could mark a major first step towards establishing a separate foreign intelligence agency similar to the United States' CIA and Britain's MI6. Prime Minister Mark Carney's government announced $6 billion in additional funding for CSIS over the next 10 years in its recent federal budget. A portion of the funding is expected to be used to strengthen the agency's ability to gather foreign intelligence. C

CanadaNov 09, 2026

Canada, Philippines Set to Finalize Free Trade Agreement This Week

Canada and the Philippines could announce the conclusion of negotiations on a free trade agreement this week, marking a major milestone in relations between the two countries. Prime Minister Mark Carney arrived in Manila on Saturday as part of his international tour. He is expected to finalize the trade agreement on the sidelines of the ASEAN Summit. According to the Canadian government, the deal is expected to triple bilateral trade between the two countries by 2035. The Philippines plays a key role in Canada's Indo-Pacific strategy. The importance of the relationship is reflected in the fact

CanadaNov 06, 2026

Canada Allocates Nearly $30 Billion Over 10 Years to Tackle Homelessness

The Canadian government has allocated nearly $30 billion in Budget 2026 to tackle homelessness across the country over the next 10 years. Under the plan, the government will invest $11.2 billion over the next four years, followed by another $17.8 billion over the subsequent six years, to help people overcome homelessness. Finance Minister François-Philippe Champagne described the initiative as one of the government's key policy priorities. Champagne said the funding aims to provide permanent housing for people experiencing homelessness, build community-based mental health and addiction treatm

missing-hunter-found-dead-in-b-c-s-merritt-area

Missing Hunter Found Dead in B.C.'s Merritt Area

The body of a hunter who had been missing for several days has been found in the Merritt area of British Columbia. According to police, 57-year-old Klaus Farman Miles had gone hunting in the Douglas Lake area over the weekend but failed to return. A missing person report was filed on Monday morning after he could not be reached. Miles was last in contact with someone on Saturday. His van was later found abandoned near Glimpse Lake, prompting police and search-and-rescue teams to launch a search operation. Ground search teams and canine units were involved in the search. His body was recovered

poilievre-faces-third-major-staff-departure-as-deputy-chief-of-staff-resigns

Poilievre Faces Third Major Staff Departure as Deputy Chief of Staff Resigns

Conservative Leader Pierre Poilievre has suffered another major political setback, with his deputy chief of staff, Aaron Wudrick, resigning from his position. This marks the third significant departure from Poilievre’s team within a year. In a letter sent to party members and colleagues, Wudrick said he was leaving politics to pursue opportunities in the private sector and spend more time with his family. His resignation will take effect on November 27. Wudrick had been part of Poilievre’s team for the past two and a half years, initially serving as director of policy before becoming deput

Related News

High Court Directs Punjab Government to Submit LPU Violence Report to Centre Within 72 Hours

High Court Directs Punjab Government to Submit LPU Violence Report to Centre Within 72 Hours

The Punjab and Haryana High Court has directed the Punjab government to submit its report to the Centre within 72 hours, a month after violent protests took place at Lovely Professional University (LPU). The Centre will now decide whether the National Investigation Agency (NIA) should investigate the offence registered by Punjab Police under the IT Act. The direction came after Punjab Police reportedly found material during its ongoing investigation indicating a possible link to cyberterrorism. Scheduling the next hearing for November 17, the court emphasized that, given the sensitivity of the

Punjab Government Accepts Major Demands in Jhotta Murder Case

Punjab Government Accepts Major Demands in Jhotta Murder Case

An agreement has been reached between the Punjab government and the Justice Action Committee following a lengthy meeting over the killing of anti-drug activist Parvinder Singh Jhotta in Mansa. Under the agreement, the government has accepted all major demands except the call for the resignations of Chief Minister Bhagwant Mann and DGP. Following the agreement, Jhotta’s family has agreed to perform his last rites. It was also decided that his post-mortem examination will be conducted at PGI Chandigarh on November 6. The agreement was reached during a meeting with Punjab Assembly Speaker Kulta

ED Raids AAP MLA Dr. Amandeep Kaur Arora’s Residences in Punjab

ED Raids AAP MLA Dr. Amandeep Kaur Arora’s Residences in Punjab

The Enforcement Directorate (ED) on Wednesday conducted raids at two residences linked to Aam Aadmi Party (AAP) Moga MLA and Punjab women’s wing president Dr. Amandeep Kaur Arora. The searches also extended to Ashirwad Mental Health and Drug De-addiction Private Hospital in Bagha Purana, in which she is a partner, and her parental village of Chandumajra near Patiala. Dr. Arora was present at her residence during the raids, where ED officials questioned her. The action comes months ahead of the 2027 Punjab Assembly elections, with AAP having already announced her candidature from the Moga con

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital