The finance ministry said Tata Steel's bid of more than double the reserve or base price for loss-making Neelachal Ispat Nigam has been accepted, beating Jindal & JSW Steel.
Govt could see deal as win considering airline’s dire debt spiral. Meanwhile, Tata should see scale of losses reducing quickly, & no more political attacks from ministers.
The Tata Group is expected to take full control of the airline Thursday. Tatas would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
IPL chairman Brijesh Patel confirmed the news Tuesday. BCCI secretary Jay Shah described it as a 'momentous' occasion for the cricket board and the league.
The group plans to reclaim ground in the beauty business it exited 23 years ago, with the local market for cosmetics forecast to be worth $20 billion by 2025.
Air India had ceased to be an option for many fliers. But with its return to the Tata Group, there are high hopes and a threat for IndiGo, SpiceJet and other players.
A share purchase agreement will be signed in 14 days, and target is to close deal by December-end, Investment and Public Asset Management Secretary Tuhin Kanta Pandey says.
An official announcement is expected in the coming days. For Tata Sons, the recommendation means it’s coming back to an asset it started almost 90 years ago.
Nobody is safe in a market where competition is stunted and choice limited. For the industry, meaningful reform will have to start with the government itself.
Data shows re-alignment in India’s exports, with Tamil Nadu & Telangana posting strong growth in 2024-25 as traditional heavyweights Gujarat & Maharashtra see declines. Gujarat still leads, though.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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