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Business & Finance

Tata back in charge: Struggling Air India sold after 69 years in govt hands

Thursday's handover marked the end of a long search for a buyer by India's government

Published 27 Jan, 2022 06:21pm

Opinion

According to media reports, Tata Sons will resume control of Air India after bidding $2.4 billion, including equity...

Published 10 Oct, 2021 04:26am

Print

NEW DELHI: Tata Sons will take charge of Air India after a winning bid of $2.4 billion, including equity and debt,...

Updated 09 Oct, 2021 09:06am

Business & Finance

MUMBAI: The Indian government has agreed to sell the heavily-indebted Air India to the Tata conglomerate for 180...

Updated 08 Oct, 2021 04:22pm

Print

NEW DELHI: India's finance ministry said on Friday reports suggesting the government has picked a winning bid for ...

Updated 02 Oct, 2021 09:33am

World

MUMBAI: Hackers have stolen data on about 4.5 million Air India passengers around the world in the latest breach...

Updated 23 May, 2021 05:15pm

World

Names, credit card numbers and passport information were among the data stolen, Air India said in a statement released late Friday.

Updated 22 May, 2021 05:54pm

World

MUMBAI/NEW YORK: Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration ...

Updated 16 May, 2021 10:42am

Business & Finance

"The nominal distinction between India and Air India is illusory and serves only to aid India in improperly shielding its assets from creditors like (Cairn)," the filing said.
The senior government official noted New Delhi has filed an appeal against the arbitration award, and added "the government is confident that the award will be set aside".

Published 15 May, 2021 05:51pm

Business & Finance

The move ratchets up pressure on India's government to pay the sum of $1.2 billion plus interest and costs that the British firm Cairn was awarded by an arbitration tribunal in December. The body ruled India breached an investment treaty with Britain and said New Delhi was liable to pay.

Published 15 May, 2021 02:10pm

Business & Finance

Updated 27 Jan, 2021 11:23pm