Skip to Main content

23.15°^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

u-s-trade-representative-expects-interim-cusma-options-by-year-end

CanadaJul 22, 2026

U.S. trade representative expects interim CUSMA options by year-end

The Trump administration expects to present interim options for the Canada–United States–Mexico Agreement (CUSMA) before the end of the year, U.S. Trade Representative Jamieson Greer told a Senate committee in Washington. According to Greer, the proposals would take the form of interim arrangements with Canada and Mexico after the United States decided earlier this month not to continue CUSMA in its current form. As a result, the agreement will now be subject to an annual review process. Greer's comments come amid renewed trade tensions between Ottawa and Washington. U.S. President Donald

16-arrested-as-kamloops-rcmp-seize-weapons-loaded-shotgun-and-more-than-one-kilogram-of-drugs

16 Arrested as Kamloops RCMP Seize Weapons, Loaded Shotgun and More Than One Kilogram of Drugs

Kamloops RCMP's Proactive Enforcement Team arrested 16 people and seized a large quantity of weapons, drugs and other illegal items during a two-day targeted enforcement operation conducted on July 3 and 4. According to an RCMP news release, officers focused on identified crime hotspots and individuals already known to police through intelligence-led enforcement efforts. During the operation, police seized 16 prohibited or dangerous weapons, including bear spray, brass knuckles, batons, knives and an axe. Officers also recovered a replica firearm and a loaded 12-gauge shotgun. Superintendent P

IndiaJul 22, 2026

Sonam Wangchuk says he will end hunger strike if government assures no action against student protesters

Social activist Sonam Wangchuk has said he is prepared to end his 24-day hunger strike over the alleged NEET-UG examination paper leak if the central government provides a written assurance that no punitive or retaliatory legal action will be taken against students who participated in the examination reform movement. According to a letter issued by Wangchuk, the assurance would protect student protesters involved in demonstrations demanding reforms to the examination system following the NEET-UG controversy. Wangchuk said Union ministers J.P. Nadda and Jitendra Singh met him on Tuesday night a

congo-ebola-outbreak-death-toll-reaches-999-health-ministry-reports

WorldJul 22, 2026

Congo Ebola outbreak death toll reaches 999, health ministry reports

The Ebola outbreak in the Democratic Republic of the Congo has claimed 999 lives, according to official figures released overnight into Wednesday by the country's Ministry of Health. The ministry said that, as of Sunday, 2,473 Ebola cases had been recorded since the outbreak was declared on May 15. Officials reported that 999 people had died from the disease. According to the Ministry of Health, the outbreak is caused by the Bundibugyo strain of the Ebola virus, for which there are currently no approved vaccines or treatments. Officials have said the outbreak has become the fastest-growing Ebo

raja-warring-seeks-resignation-of-punjab-cm-education-minister-over-repeated-exam-paper-leak-cases

IndiaJul 22, 2026

Raja Warring seeks resignation of Punjab CM, Education Minister over repeated exam paper leak cases

Punjab Congress president Amarinder Singh Raja Warring has demanded the resignation of Chief Minister Bhagwant Mann and Education Minister Harjot Singh Bains, alleging the state government has failed to prevent repeated examination paper leaks in Punjab. In a statement issued on Wednesday, Warring said several major paper leak incidents have been reported during the Mann government's tenure. He cited the Punjab Group-B recruitment examination, which he said was leaked about six months ago, along with alleged leaks involving the Class 12 English examination, the Punjab State Teacher Eligibility

Related News

Sonam Wangchuk says he will end hunger strike if government assures no action against student protesters

Sonam Wangchuk says he will end hunger strike if government assures no action against student protesters

Social activist Sonam Wangchuk has said he is prepared to end his 24-day hunger strike over the alleged NEET-UG examination paper leak if the central government provides a written assurance that no punitive or retaliatory legal action will be taken against students who participated in the examination reform movement. According to a letter issued by Wangchuk, the assurance would protect student protesters involved in demonstrations demanding reforms to the examination system following the NEET-UG controversy. Wangchuk said Union ministers J.P. Nadda and Jitendra Singh met him on Tuesday night a

Raja Warring seeks resignation of Punjab CM, Education Minister over repeated exam paper leak cases

Raja Warring seeks resignation of Punjab CM, Education Minister over repeated exam paper leak cases

Punjab Congress president Amarinder Singh Raja Warring has demanded the resignation of Chief Minister Bhagwant Mann and Education Minister Harjot Singh Bains, alleging the state government has failed to prevent repeated examination paper leaks in Punjab. In a statement issued on Wednesday, Warring said several major paper leak incidents have been reported during the Mann government's tenure. He cited the Punjab Group-B recruitment examination, which he said was leaked about six months ago, along with alleged leaks involving the Class 12 English examination, the Punjab State Teacher Eligibility

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

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital