Skip to Main content

18.1°^C Vancouver

News Entertainment 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

surreys-27-5-million-bear-creek-stadium-opens

CanadaJul 09, 2025

Surrey’s $27.5-million Bear Creek Stadium opens

The $27.5-million Bear Creek Stadium in Surrey has officially opened. It has a seating capacity of 2,200. Surrey Mayor Brenda Locke said in a press release that once it receives Class 2 facility certification, Bear Creek Stadium will be able to host high-profile events such as the World Athletics Continental Tour and Challenger Series. The mayor said the stadium will attract other groups to host games there. “We’ve already had some people make inquiries,” she said. Locke said it will be a huge benefit to the city. Surrey will also have a 10,000-seat stadium, with construction expect

alberta-has-highest-measles-cases-per-capita-in-north-america-as-summer-travel-gets-underway

AlbertaJul 09, 2025

Alberta has highest measles cases per capita in North America as summer travel gets underway

Alberta has the most measles cases in North America on a per-capita basis, worrying experts who say summer events could push case counts even higher. The province's former chief medical officer of health Dr.Mark Joffe says that's twice the rate of confirmed cases in Ontario. Ontario has been deemed Canada's epicentre of the outbreak in absolute case numbers, reporting 1,910 confirmed infections since its outbreak began in October, but with a population three times the size as Alberta. Alberta reported yesterday that 1,230 people have been infected with the highly contagious disea

CanadaJul 09, 2025

One of two student pilots killed in Manitoba crash was from India: consulate office

One of two student pilots killed in a mid-air crash south of Steinbach, Man., has been identified as a man from India. The consulate general of India in Toronto, in a social media post, identifies the man as Sreehari Sukesh. The consulate office says it's in contact with the man's family, the pilot training school and local police. The crash happened Tuesday morning about 400 metres from a runway used by Harv's Air pilot school. Adam Penner, president of the company, has said the two pilots were in small single-engine Cessna planes and appeared to try to land at the same time.

fraud-awareness-campaign-highlights-how-to-spot-common-scams

Fraud awareness campaign highlights how to spot common scams

Richmond RCMP has launched a new fraud awareness campaign to educate the public about investment scams, a growing threat that costs residents millions of dollars annually. At the center of the campaign is a newly released video that educates the public on how scammers operate and provides practical tips on how recognize their tactics to avoid falling victim. The video pulls from real examples, using engaging visuals and commentary from an officer on how to spot red flags. The video lists three common investment scam tactics: Scam Trick #1: They claim you’ll make big money with little or no r

coquitlam-rcmp-announce-charge-approval-for-weapon-related-offences

Coquitlam RCMP announce charge approval for weapon related offences

Following a Coquitlam RCMP investigation into a 2022 stabbing incident, now 23-year-old Shane Aston Gero of Port Coquitlam, and a youth, also of Port Coquitlam have been criminally charged. The youth cannot be named as per the Youth Criminal Justice Act in order to protect their privacy. On June 4, 2022, shortly after 1:00 a.m., Coquitlam RCMP Frontline officers responded to a report of a stabbing near Central Elementary School, located at 2260 Central Avenue, Port Coquitlam. On June 25, 2025, charges of Aggravated Assault, Assault with a Weapon, and Possession of a Weapon for a Dangerous Purp

Related News

Bikram Singh Majithia sent to Nabha Jail after remand ends

Bikram Singh Majithia sent to Nabha Jail after remand ends

A Mohali court in Punjab has sent Shiromani Akali Dal leader Bikram Singh Majithia to New Nabha Jail till further hearing on July 19 after the Vigilance remand ends. The Vigilance had arrested Majithia from his Amritsar residence on June 25 in a case under the Prevention of Corruption Act and had kept him on 11-day remand. Majithia's lawyer and Shiromani Akali Dal leaders are calling the action motivated by a sense of political vendetta. On the other hand, the Punjab government is calling the arrest a part of the action taken under the anti-drug campaign 'Ward Against Drugs'.

Will not let even an inch of land be taken away from Punjab farmers: Jakhar

Will not let even an inch of land be taken away from Punjab farmers: Jakhar

The BJP has also opposed the land pooling policy of the Bhagwant Mann government in Ludhiana district of Punjab. A delegation of farmers from Ludhiana district affected by the land pooling policy, led by the party's state president Sunil Jakhar, met Punjab Governor Gulab Chand Kataria. After meeting the Governor, Jakhar said that the Aam Aadmi Party government's land pooling policy will not allow the plans of forcibly taking away the land of the farmers to succeed. Shiromani Akali Dal President Sukhbir Badal has also opposed it in the past. He said that the Akali Dal will not allow the

Mann government removes Kuldeep Singh Dhaliwal from the cabinet

Mann government removes Kuldeep Singh Dhaliwal from the cabinet

Punjab's Bhagwant Mann government has removed Kuldeep Dhaliwal from the cabinet and newly elected MLA from Ludhiana Sanjeev Arora has been made a minister. Arora has been given the industries and NRI departments. The NRI department was earlier with Kuldeep Dhaliwal, from whom his resignation was taken. According to reports, before the reshuffle in the Punjab cabinet, Chief Minister Bhagwant Mann had called Cabinet Minister Kuldeep Singh Dhaliwal to his residence today and asked him to resign. . Earlier, the agriculture and panchayat departments were also taken away from Dhaliwal.

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital