AIR INDIA DISINVESTMENT
High fuel costs, forex rate variation led to Rs 4,685 crore loss for Air India in FY19: Government
"Aviation Turbine Fuel (ATF) costs increased from Rs 7,363 crore in 2017-18 to Rs 10,034 crore in 2018-19 i.e. an increase of almost 28.9 per cent in fuel rates over the previous year," Puri said in a written reply to a question in Lok Sabha.
FPIs net buyers for 3rd month; invest Rs 22,872 crore in Nov
A net sum of Rs 25,230 crore was flowed into equities by FPIs in November.
Air India set to raise Rs 500 cr from CP property
State-run consultancy firm NBCC (India) Ltd has prepared a plan to monetise the debt-ridden...
Air India pilots' union opposes privatisation; may resort to strike
The nearly 800-member strong Indian Commercial Pilots' Association has decided to work towards bringing all the unions at the airline under a common platform to oppose privatisation of the airline. The government is working on the final contours of disinvestment of loss-making Air India, which has a debt worth over Rs 58,000 crore.
Congress hits out at BPCL disinvestment decision, says government 'selling the country'
The Cabinet on Wednesday approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control. This is excluding BPCL's equity share holding of 61 per cent stake in Numaligarh Refinery.
People from many industries are coming to us and saying they are out of distress: Nirmala Sitharaman
Commenting on her decision to slash corporate tax, the finance minister said that the industry has told her that the decision was taken at the right time and that it has made a big difference to their books. She said that the decision was announced on September 20 and industry will take time in announcing major investment decisions.
Mega disinvestment: BPCL along with 4 other PSUs to be privatised
In the biggest privatisation drive ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, ship...
Air India to start flying on Mumbai-Nairobi route from November 27
The four-times-a-week non-stop fight will be operated on Tuesdays, Wednesdays, Fridays and Sundays with a 256 seat Boeing 787 in two-class configuration, business and economy, the airline said in a release. Air India will be the only domestic carrier to operate to Kenya from India
Air India extends bridge-loan bids for Boeing purchase to Nov 22
The selloff-bound airline had on October 30 floated bids from banks/ financial institutions to refinance its existing bridge-loan facility worth $819 million or worth over Rs 5,800 crore by November 14. The financial bids were to scheduled to be closed on November 14. The carrier is seeking to refinance six Boeing 787s and one B777.
Opposition protests in Lok Sabha over disinvestment of PSUs, electoral bond
Congress staged protests in Lok Sabha against privatisation of a few PSUs, including Bharat Petroleum Corporation Limited (BPCL), and issuance of electoral bonds, terming the move as "big scams".
If you missed BPCL, play disinvestment theme with HPCL, IOC: Dipan Mehta
Government testing waters with BPCL; there could be many more divestment candidates
Government approves strategic disinvestment of BPCL, 4 other PSUs
The government will sell its 53.29% stake in BPCL after taking out Numaligarh refinery from its portfolio.
NTPC may shell Rs 10,000 crore for Centre's stake in NEEPCO, THDC
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday cleared strategic disinvestment in the two hydroelectric power generating PSUs in favour of NTPC that is looking to expand its operations and boost the renewable portfolio.
FM's remarks on economy disappointing in extreme: Yashwant Sinha
Yashwant Sinha said the root cause of the current economic crisis is "death of demand" in the country. He alleged that the government ignored the agriculture distress in the country. Sinha also raised questions over the data for calculating GDP numbers. He added that companies after companies are facing bankruptcy and the govt has stated that it would have to close Air India.
IndiGo becomes IATA member
IndiGo on Wednesday announced it has become a member of the global lobbying body the International Air Transport Association, which is a group of more than 290 member airlines.
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