Skip to Main content

19.58°^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

AlbertaMay 12, 2026

Jason Kenney urges federal MPs to oppose Alberta separation talk

Former Alberta premier Jason Kenney says federal Members of Parliament should publicly oppose efforts aimed at separating Alberta from Canada, warning that a referendum on sovereignty would create deep divisions across the province and country. Speaking at an event at the University of Calgary on Monday evening, Kenney said a vote on Alberta leaving Confederation would cause a “huge rupture” in society and argued federal politicians need to take a clearer position on national unity. Liberal MP Cory Hogan, who also attended the event, said Alberta MPs and Prime Minister Mark Carney should s

WorldMay 12, 2026

UK junior minister resigns as pressure grows on Starmer after local election losses

British Prime Minister Keir Starmer faced renewed pressure within the Labour Party on Tuesday after junior housing minister Miatta Fahnbulleh resigned from government following the party’s recent local election losses. Fahnbulleh, who served as a minister in the housing, communities and local government department, said the government had failed to deliver the pace of change voters expected after Labour’s election victory. In a resignation statement, Fahnbulleh said the government had not governed “with the vision, pace and mandate for change” it had been given by voters. She also said

smith-does-not-rule-out-alberta-separation-referendum-as-separatist-pressure-grows

AlbertaMay 12, 2026

Smith does not rule out Alberta separation referendum as separatist pressure grows

Alberta Premier Danielle Smith has not ruled out the possibility of holding a referendum on Alberta separation this October, as separatist organizers publicly increase pressure on the provincial government to allow a vote. Asked directly whether she would commit to not holding such a referendum, Smith said the government is still waiting on several developments before making a decision. She said discussions with caucus members and cabinet ministers would help determine the province’s next steps. Some members of Smith’s United Conservative cabinet have publicly distanced themselves from sep

telus-ottawa-announce-ai-data-centre-expansion-in-b-c-to-strengthen-canadian-computing-capacity

Telus, Ottawa announce AI data centre expansion in B.C. to strengthen Canadian computing capacity

The federal government and Telus announced plans Monday for a multi-site artificial intelligence data infrastructure project in British Columbia that officials say is intended to expand Canada’s domestic computing capacity and support what they described as “sovereign” AI infrastructure. Federal AI Minister Evan Solomon joined Telus representatives in Vancouver to outline the project, which includes an expansion of Telus’ existing data centre in Kamloops and two new facilities planned for Vancouver – one in the Mount Pleasant neighbourhood and another in the downtown core. According

bc-conservatives-criticize-ndp-government-following-two-surrey-shooting-incidents

BC Conservatives criticize NDP government following two Surrey shooting incidents

The BC Conservative Party is criticizing the provincial NDP government following two separate shooting incidents in Surrey that left two people dead and two others injured. BC Conservative representative Harman Bhangu questioned the province’s approach to public safety, saying shootings, gang violence and homicides are increasingly affecting residential neighbourhoods. Bhangu said residents are frustrated by repeated political statements following violent incidents and are demanding stronger action to address public safety concerns. Surrey–Cloverdale MLA Elenore Sturko also called on the p

Related News

AAP protests outside BJP offices in Punjab over ED action against Sanjeev Arora

AAP protests outside BJP offices in Punjab over ED action against Sanjeev Arora

The Aam Aadmi Party (AAP) staged protests outside Bharatiya Janata Party (BJP) district offices across Punjab on Monday following the Enforcement Directorate’s (ED) arrest of Punjab cabinet minister Sanjeev Arora in a money laundering case. Party workers raised slogans against the BJP and accused the central government of using investigative agencies for political purposes. Tense situations were reported in several locations where AAP and BJP workers gathered during the demonstrations. However, no major clashes or arrests had been officially confirmed at publication time. Punjab Finance Mini

Bhagwant Mann’s cousin Gyan Singh Mann joins BJP

Bhagwant Mann’s cousin Gyan Singh Mann joins BJP

Punjab Chief Minister Bhagwant Mann’s cousin, Gyan Singh Mann, has officially joined the Bharatiya Janata Party after leaving the Aam Aadmi Party. Gyan Singh Mann was inducted into the BJP in Chandigarh in the presence of Punjab BJP president Sunil Jakhar and Haryana Chief Minister Nayab Singh Saini. Speaking after joining the party, Gyan Singh Mann said he had joined the Aam Aadmi Party in 2014 but claimed the party changed after forming the government in Punjab in 2022. He alleged that the AAP had shifted from being “a party of ordinary workers to a party of special interests” and crit

BJP Sends Defamation Notice to Punjab Chief Minister Bhagwant Mann

BJP Sends Defamation Notice to Punjab Chief Minister Bhagwant Mann

The Bharatiya Janata Party has issued a legal notice to Punjab Chief Minister Bhagwant Mann, alleging defamation over remarks linking the party to recent explosions in Jalandhar and Amritsar. BJP national general secretary Tarun Chugh said the notice accuses the chief minister of making allegations without evidence and seeks action related to criminal defamation, spreading false information, and attempting to incite public unrest. The development follows comments made by Mann a day earlier, in which he alleged that such incidents were being used as political tactics ahead of elections in Punja

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital