India

Tata Sons’ Air India Bid Winning Reports Incorrect: Finance Ministry

By
OB Bureau

New Delhi: Responding to reports on Tata Sons emerging winner in the Air India bid, the Finance Ministry on Friday said that no decision has yet been taken on the sale of the debt-laden state-run airline.

Bloomberg had earlier reported that a panel of ministers has accepted a proposal recommending the bid of the salt-to-software conglomerate for the national carrier, ahead of an offer from Ajay Singh, promoter of India’s airline operator Spicejet Ltd.

“Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect,” the ministry said in a tweet. “Media will be informed of the Government decision as and when it is taken.”

According to a PTI report, Tata Sons has emerged as the top bidder for the takeover of the national carrier but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah.

Air India and Tata Sons declined to comment.

Also Read: Tata Sons Wins Bid For Air India!

OB Bureau

Recent Posts

Hina Khan Shares Warm Post For ‘Humble And Kind’ Salman Khan

Mumbai: Television actress Hina Khan, who is battling breast cancer, recently met host Salman Khan…

November 23, 2024

AR Rahman Sends Legal Notice To Defamers Over Link-Up Rumours With Mohini Dey

 Mumbai: Following reports of his alleged link-up with bassist Mohini Dey, renowned music composer AR…

November 23, 2024

Tamannah Bhatia & Vijay Varma Go House Hunting; Is Marriage On Cards?

Mumbai: The love story of actors Tamannaah Bhatia and Vijay Varma has not been clandestine.…

November 23, 2024

Puri Jagannath Temple Admn Receives Ratna Bhandar GPR-GPS Survey Report; Asks ASI To Start Repair Work

Puri: Shree Jagannath Temple Administration (SJTA) has received the report of the Ratna Bhandar’s GPR-GPS…

November 23, 2024

Book Review: A Redemptive Tale Of Losing And Finding

With his debut novel ‘The Other Side of the Rainbow’ published recently, Niranjan Nayak, an…

November 23, 2024

Santosh Trophy: Odisha Seal Spot In Final Round With 2 Big Wins

Bhubaneswar: Odisha outplayed Chhattisgarh 4-1 on Saturday to seal a berth in the final round…

November 23, 2024

Diljit Dosanjh Asks States To Go Dry; ‘I Will Then Stop Singing Songs On Alcohol’

Mumbai: The Telangana government’s notice barring him from singing songs promoting alcohol and drugs at…

November 23, 2024

PM Modi To Participate In ‘Odisha Parba 2024’ In Delhi Tomorrow

Bhubaneswar: Prime Minister Narendra Modi will participate in the ‘Odisha Parba 2024’ programme on Sunday…

November 23, 2024