The conglomerate will likely face stiff competition in the sector from existing global giants such as Unilever, as well as Indian tycoon Mukesh Ambani’s Reliance Industries.
The group also said it philosophically agrees with PM's vision for the aviation sector, of making it affordable and ensuring it contributes to boosting 'ease of living' for citizens.
After a competitive bidding process, the Centre had on October last year sold the airline to Talace Private Ltd, a subsidiary of the Tata Group's holding company, for Rs 18,000 crore.
The government on 8 October had announced that salt-to-software conglomerate Tatas have won the bid to acquire debt-laden national carrier Air India for Rs 18,000 crore.
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.
The aircraft have a 5-10 tonne capacity, are capable of operating from semi-prepared strips and has a rear ramp door for quick reaction and para dropping of troops and cargo.
Day after a media report speculated major revamp at the group, Ratan Tata said he was 'extremely disappointed' with such reports which can only 'serve to cause disruption'.
For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.