Skip to Main content

11.58°^C Vancouver

News Entertainment Sports 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

alberta-constitutional-affairs-adviser-jason-stephan-resigns-from-role

AlbertaMay 26, 2026

Alberta constitutional affairs adviser Jason Stephan resigns from role

Alberta Premier Danielle Smith’s office says Jason Stephan has resigned as the government’s parliamentary adviser on constitutional affairs. Stephan, the United Conservative Party MLA for Red Deer-South, remains a member of the government caucus, according to the premier’s office. No reason was provided for the resignation, which the office said was submitted earlier this year. The constitutional affairs advisory role was created by the Alberta government last year and was described at the time as “critically important” to advancing the province’s interests in federal-provincial re

firearms-prohibited-weapons-seized-after-lake-country-rcmp-search-warrant

Firearms, prohibited weapons seized after Lake Country RCMP search warrant

Lake Country RCMP say officers seized multiple firearms, including prohibited and restricted weapons, during the execution of a search warrant at a residence in the 12000 block of Shoreline Drive on May 25. According to an RCMP news release, the warrant was obtained following reports that a firearm had been discharged in a Lake Country neighbourhood earlier this month. The search was carried out with assistance from the Southeast District Emergency Response Team. Police said officers seized eight firearms along with ammunition from the property. The residence was unoccupied at the time the war

WorldMay 26, 2026

Israeli airstrike in eastern Lebanon kills 12 ahead of planned U.S. talks

An Israeli airstrike on a village in eastern Lebanon killed 12 people overnight, according to Lebanon’s state-run National News Agency. The strike targeted an area in the Bekaa Valley late Monday as Israel intensified attacks against Hezbollah positions across southern and eastern Lebanon. The Israeli military did not comment directly on the reported deaths but said Monday it was targeting Hezbollah infrastructure in eastern Lebanon. Rescue workers recovered a dozen bodies from the rubble following what Lebanese officials described as a wave of overnight airstrikes. The identities of those k

officer-involved-shooting-under-investigation-in-surrey

Officer-involved shooting under investigation in Surrey

The Independent Investigations Office of British Columbia is investigating an officer-involved shooting in Surrey that left one person injured Sunday evening. According to the Surrey Police Service, officers were called at about 7:34 p.m. on May 25 to a residence in the 12200 block of Southpark Crescent following reports of a suspicious man. Police said the man confronted responding officers after they arrived at the scene. Officers then discharged their service-issued firearms. Surrey Police Service officers and BC Emergency Health Services paramedics provided emergency medical treatment befo

ihit-launches-homicide-investigation-after-woman-found-dead-in-mission-home

IHIT launches homicide investigation after woman found dead in Mission home

Police in Mission are investigating the death of a woman found inside a home Sunday night as a homicide case. According to Mission RCMP, officers responded around 11:30 p.m. to a report of an injured person at a residence in the 33600 block of Dewdney Trunk Road. Officers arriving at the scene located a woman deceased inside the home. RCMP said a man was also found injured at the residence and was taken for medical treatment. Police said his injuries were not considered life-threatening. Investigators confirmed both individuals lived at the home. Due to the suspicious circumstances surrounding

Related News

Punjab civic elections Tuesday to cover 103 urban local bodies across state

Punjab civic elections Tuesday to cover 103 urban local bodies across state

Voting for Punjab’s urban local body elections will take place Tuesday across eight municipal corporations, 75 municipal councils and 20 nagar panchayats, according to the Punjab State Election Commission. The commission said 3,545,567 voters are eligible to cast ballots in the elections, which will be held from 8 a.m. to 5 p.m. A total of 7,555 candidates are contesting the polls across the state. According to information released by the commission, 1,613 candidates are contesting municipal corporation seats, while 5,142 candidates are in the fray for municipal councils and 800 candidates a

Punjab and Haryana High Court Dismisses Partap Singh Bajwa Petition, Imposes Rs. 25,000 Fine

Punjab and Haryana High Court Dismisses Partap Singh Bajwa Petition, Imposes Rs. 25,000 Fine

The Punjab and Haryana High Court on Monday dismissed a public interest litigation petition filed by senior Punjab Congress leader Partap Singh Bajwa and imposed a fine of Rs. 25,000. In the petition, Bajwa had sought directions to the Punjab government and other authorities to initiate strict action against Aam Aadmi Party MLA Kulwant Singh Bazigar over alleged remarks related to capturing voting booths during a public gathering. During the hearing, the Punjab Advocate General argued that the petition was filed just ahead of voting and failed to disclose details of an FIR registered against B

Rajya Sabha MP Harbhajan Singh accuses AAP leadership of “selling” Punjab posts after joining BJP

Rajya Sabha MP Harbhajan Singh accuses AAP leadership of “selling” Punjab posts after joining BJP

Rajya Sabha MP Harbhajan Singh, who recently left the Aam Aadmi Party and joined the Bharatiya Janata Party, has accused the AAP leadership of exploiting Punjab in a social media post containing a series of corruption allegations. Singh alleged that the party leadership had “sold everything,” including Rajya Sabha seats from Punjab and ministerial positions, claiming appointments were allegedly made in exchange for money. He further stated that he would reveal how certain individuals were appointed as ministers and officials “to loot Punjab” and deliver the proceeds to a person he refe

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital