Skip to Main content

19.95°^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

AlbertaJul 21, 2026

New Ivor Strong Bridge to open Monday, Alberta says

The Alberta government says Calgary drivers will be able to use the new Ivor Strong Bridge beginning Monday, marking a key milestone in the ongoing Deerfoot Trail improvement project. Speaking at a news conference Tuesday, Transportation Minister Devin Dreeshen said the new bridge will carry all southbound traffic. Once rehabilitation work on the existing bridge is complete, it will be dedicated to northbound traffic. According to the Alberta government, each bridge will provide four traffic lanes, increasing overall capacity for commuters. The province says the completed project is expected t

three-men-arrested-after-vancouver-police-seize-fentanyl-cocaine-and-methamphetamine-in-downtown-investigation

Three men arrested after Vancouver police seize fentanyl, cocaine and methamphetamine in downtown investigation

Three men have been arrested after a Vancouver Police Department investigation into suspected drug trafficking led to the seizure of fentanyl, cocaine, methamphetamine and cash from a downtown Vancouver hotel. According to a Vancouver Police Department news release, patrol officers launched "Project Atlas" earlier this month after observing what police described as suspicious activity at the Murray Hotel, located at 1117 Hornby St. Officers later executed a search warrant at the property. Police said they seized approximately 344 grams of fentanyl, 336 grams of cocaine, 75 grams of methampheta

IndiaJul 21, 2026

P.M. Modi Assures Farmers Their Interests Will Be Protected in Trade Deals

Amid a march by farmers from Punjab and Haryana toward Delhi to protest the proposed India–U.S. trade agreement and heightened tensions at the Shambhu border, Prime Minister Narendra Modi on Tuesday said the central government remains fully committed to the welfare of farmers. The Prime Minister said farmers' interests would be given top priority in any trade agreement. He added that the government would take decisions after considering the concerns of the agricultural community. Modi also addressed students protesting over the NEET-UG paper leak case. He said the government is treating the

trump-says-canada-depends-on-u-s-poilievre-calls-proposed-50-tariff-unjustified

CanadaJul 21, 2026

Trump says Canada depends on U.S.; Poilievre calls proposed 50% tariff 'unjustified'

U.S. President Donald Trump and Conservative Party Leader Pierre Poilievre have exchanged sharply contrasting messages as trade tensions between Canada and the United States continue to escalate. Speaking to reporters, Trump said he "loves the people of Canada" but claimed the country "would not exist without the United States" and needs the U.S. to survive. The remarks come amid an ongoing trade dispute between the two countries. Poilievre, meanwhile, criticized Trump's proposed 50 per cent tariff, calling it "unjustified" and harmful to both Canadian workers and American consumers. According

b-c-wildfire-crews-use-drone-for-canadas-first-controlled-burn-operation

B.C. wildfire crews use drone for Canada's first controlled burn operation

Firefighters battling an active wildfire in British Columbia have successfully used a drone to carry out a controlled burn for the first time in Canada, according to the BC Wildfire Service. The agency said crews working near Boston Bar used the drone to ignite a planned section of dry forest that was in the path of the advancing wildfire. The controlled burn was intended to remove available fuel and help slow the fire's spread. According to the BC Wildfire Service, controlled burns are typically conducted using helicopters or ground crews, both of which can expose firefighters to greater risk

Related News

P.M. Modi Assures Farmers Their Interests Will Be Protected in Trade Deals

P.M. Modi Assures Farmers Their Interests Will Be Protected in Trade Deals

Amid a march by farmers from Punjab and Haryana toward Delhi to protest the proposed India–U.S. trade agreement and heightened tensions at the Shambhu border, Prime Minister Narendra Modi on Tuesday said the central government remains fully committed to the welfare of farmers. The Prime Minister said farmers' interests would be given top priority in any trade agreement. He added that the government would take decisions after considering the concerns of the agricultural community. Modi also addressed students protesting over the NEET-UG paper leak case. He said the government is treating the

Farmers to hold Delhi Mahapanchayat over proposed India–U.S. trade agreement

Farmers to hold Delhi Mahapanchayat over proposed India–U.S. trade agreement

Farmers from different parts of the country are scheduled to gather at Kisan Ghat in New Delhi on Tuesday for a Mahapanchayat to protest the proposed India–U.S. trade agreement. Farmer leader Sarwan Singh Pandher said the gathering, being organised on the call of the Desh Bachao Morcha, will oppose the proposed deal, which he described as being against the interests of farmers. According to Pandher, the agreement could adversely affect the farming community, and protesters will urge the Centre not to implement it. Pandher said buses carrying farmers from Punjab are expected to leave for Delh

Modi criticizes Punjab government's law and order record during Jalandhar rally

Modi criticizes Punjab government's law and order record during Jalandhar rally

Prime Minister Narendra Modi criticized the Punjab government's handling of law and order during a public rally in Jalandhar on Friday, accusing the Aam Aadmi Party (AAP) administration of failing to ensure public safety and protect the state's future. Addressing the gathering, Modi paid tribute to Punjab, describing it as the land of Maharaja Ranjit Singh. He alleged that the state government was attempting to hide the ground reality through extensive advertising, while claiming that the law and order situation had deteriorated across Punjab. The prime minister said businesses were finding it

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital