Skip to Main content

17.85°^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

canada-us-trade-talks-collapse-as-ottawa-vows-dollar-for-dollar-tariff-response

CanadaAug 22, 2026

U.S. Tariffs on Canadian Imports Take Effect; PM Carney Warns of Dollar-for-Dollar Hit

U.S. tariffs on Canadian imports went into effect early Saturday morning after Prime Minister Mark Carney suspended trade negotiations just minutes before the midnight deadline. "I have decided to suspend trade negotiations with the U.S. and have directed Canada’s negotiators to return to Ottawa," Prime Minister Mark Carney said. "Last-minute changes in the U.S.-proposed terms were unfair, uneconomic, and called into question the reliability of any deal. Canada will match those tariffs dollar for dollar to protect our workers and businesses." In a statement released Friday night, U.S.

18-year-old-shooting-suspect-turns-himself-in-to-burnaby-rcmp

18-year-old shooting suspect turns himself in to Burnaby RCMP

A suspect wanted in connection with a December 2025 shooting in North Burnaby has turned himself in to authorities. Burnaby RCMP said officers responded on Dec. 19, 2025, to a report of a shooting near Phillips Avenue and Woodbrook Place. A man was found suffering from gunshot wounds and was taken to hospital for treatment. The RCMP’s Investigative Support Team took over the investigation. On Dec. 25, charges were laid and an arrest warrant was issued for 18-year-old Ronin Tajali. Tajali has since surrendered to police and remains in custody awaiting a bail hearing. Police thanked the public

leaders-condemn-nanaksar-gurdwara-attack-call-for-action-against-anti-sikh-hate

AlbertaAug 21, 2026

Leaders Condemn Nanaksar Gurdwara Attack, Call for Action Against Anti-Sikh Hate

Federal NDP MP for Edmonton Strathcona Heather McPherson, along with leaders from across the country, has strongly condemned the attack at Nanaksar Gurdwara Sahib and expressed solidarity with the Sikh community. They called for a full investigation into the incident, urging authorities to take the growing anti-Sikh hatred in Canada seriously and implement stronger measures to protect places of worship. McPherson said everyone has the right to practise their religion freely and that such violent attacks are unacceptable under any circumstances. Meanwhile, Surrey-Newton MP Sukh Dhaliwal express

poilievre-warns-accepting-u-s-tariffs-could-devastate-canadas-industrial-sector

Poilievre Warns Accepting U.S. Tariffs Could Devastate Canada’s Industrial Sector

Conservative Party Leader Pierre Poilievre has lashed out at the Liberal government during ongoing Canada-U.S. trade talks in Washington, warning that accepting unilateral U.S. tariffs could devastate Canada’s industrial sector. Speaking to reporters in Kitchener, Ontario, Poilievre strongly criticized the proposed 25 per cent U.S. tariffs on steel and aluminum. He said that if Canada accepts such discriminatory terms, major Canadian businesses and factories could leave the country, causing long-term damage to the Canadian economy. Taking aim at Prime Minister Mark Carney, Poilievre said Car

AlbertaAug 21, 2026

Edmonton Nanaksar Gurdwara Stabbing Leaves Two Injured, Suspect Arrested

A stabbing incident at Nanaksar Gurdwara Sahib in Edmonton early Friday morning left two people injured. Police have arrested a suspect at the scene. According to police, the incident occurred at around 5:08 a.m. at the gurdwara located near 14 Street and Horsehills Road. The two injured individuals were treated at the scene, and their injuries were considered non-life-threatening. Police are questioning the arrested suspect, while officers continue their investigation in and around the gurdwara to ensure the safety of the congregation. Meanwhile, the World Sikh Organization of Canada said in

Related News

Majithia hints at possible revival of Akali-BJP alliance in Punjab

Majithia hints at possible revival of Akali-BJP alliance in Punjab

Senior Shiromani Akali Dal leader Bikram Singh Majithia has made a significant statement regarding the possibility of a renewed alliance between the Shiromani Akali Dal (SAD) and the Bharatiya Janata Party (BJP), saying that people in Punjab want the two parties to come together again. Majithia said the situation on the alliance would become completely clear in the coming days and that the top leadership of both parties would sit together and take a final decision. He said the two parties had gone their separate ways following the controversy over the farm laws, but the situation in Punjab has

Channi Clarifies Absence from Congress Working Committee Meeting

Channi Clarifies Absence from Congress Working Committee Meeting

Former Punjab Chief Minister and Congress leader Charanjit Singh Channi on Thursday clarified that he had been absent from Wednesday’s Congress Working Committee (CWC) meeting with the permission of the party high command. Channi said he had an examination at Panjab University, which prevented him from attending the meeting. He said the party high command had granted him permission to remain absent. The meeting, chaired by Congress president Mallikarjun Kharge, was attended by senior leaders including Sonia Gandhi and Rahul Gandhi, along with several other top leaders and special invitees. A

Various Sikh Organisations Support ‘Punjab Bandh’ Call

Various Sikh Organisations Support ‘Punjab Bandh’ Call

Various Sikh organisations have extended their support to the ‘Punjab Bandh’ call given by the Qaumi Insaaf Morcha for August 21. The Shiromani Gurdwara Parbandhak Committee (SGPC) has also backed the bandh and decided to keep its offices and all affiliated institutions closed on August 21. Apart from the SGPC, the Shiromani Akali Dal Reunited, Akali Dal ‘Waris Punjab De’, Dal Khalsa, Hawara Committee, Mann Dal and several other Sikh organisations have announced their support for the bandh. Sikh leaders have appealed to the public to completely shut their businesses until 2 p.m. on Aug

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital