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

Newborn Girl Found Abandoned Near Bush In Odisha’s Mayurbhanj

Baripada: A newborn girl was found lying near a bush at Bhanra village under Karanjia…

November 8, 2024

Shah Rukh Khan Bagged ‘Baazigar’ After Salman Khan Rejected It

Mumbai: Salman Khan and Shah Rukh Khan, the leading superstars of Bollywood, came from different…

November 8, 2024

Dhanush & Nithya Menen Starrer ‘Idli Kadai’ To Release On This Date

Mumbai: Actor-filmmaker Dhanush took to his X handle on Friday to announce the release date…

November 8, 2024

National Hockey: Another Big Win Takes Odisha Closer To Knockout Stage

Chennai: Odisha all but booked a berth in the knockout stage of the 14th Hockey…

November 8, 2024

Traffic Restrictions For Panchaka, Badaosa At Dhabaleswar Temple In Odisha’s Cuttack; Check Details

Cuttack: Several traffic restrictions have been imposed to ensure smooth movement of devotees to Dhabaleswar…

November 8, 2024

Late Sidhu Moose Wala’s Brother Is A Carbon Copy Of Him

Mumbai: Sidhu Moose Wala's parents Balkaur Singh and Charan Kaur shared a picture of their…

November 8, 2024

Unique Protest: No Dating, No Sex, No Babies With Men Who Voted For Donald Trump

New York: A group of American women has launched an unprecedented protest against men who…

November 8, 2024

4 More Handicrafts Granted Official Approval In Odisha; Total Number Now 55

Bhubaneswar: Four more handicrafts were granted approval by the Odisha government, taking the total number…

November 8, 2024