Since, Ayci is a Turkish national, the MHA is expected to take help from the external intelligence agency, R&AW, for his background check.
Tatas beat the Rs 15,100-crore offer by a consortium led by SpiceJet promoter Ajay Singh and the reserve price of Rs 12,906 crore set by the government for the sale of its 100 per cent stake in the loss-making carrier.
Under the agreement with the Centre, no employee will be removed for one-year. In the second year, if an employee has to be removed, a VRS option will be provided.
On October 8, the Centre announced that Talace Private Limited, a wholly-owned subsidiary of Tata Sons, has beaten a consortium led by SpiceJet promoter Ajay Singh by offering Rs 18,000 crore to win the bid to acquire debt-laden Air India.
During the Budget speech for FY22, Finance Minister Nirmala Sitharaman had said that all the proposed privatisation processes would be completed by the end of the fiscal, including the much-delayed strategic disinvestment of Air India.
New Delhi: Seeking long-term travel commitment, Tata Group joint venture Air Asia India plans to tie up with about 200 companies in the next few months, offering them a slew of benefits, including flexibility in last-minute flight change and onboard meals. The aggressive business pitch is set to help the low-cost carrier widen its customer base […]
Bhubaneswar: The Odisha government today made a proposal to the Tata Group to set up a defence manufacturing cluster in the state. Chief Minister Naveen Patnaik met a delegation of the company, including Tata Sons Chairman Natarajan Chandrasekharan here at the state secretariat, and asked Tata Advanced Systems to consider developing the cluster on 871 […]
Mumbai: Former Tata Sons Chairman Cyrus Mistry on Thursday denied “malicious and defamatory allegations” levelled against him over AirAsia India woes. “It is well documented that R. Venkataraman was intimately involved in the affairs of AirAsia India right from its inception. He has had many roles including that of Executive Assistant to Ratan Tata at […]