16 fly-away aircraft are scheduled to land between September 2023 and August 2025 while the first ‘Made in India’ aircraft is expected in September 2026.
Mistry and another person were killed in the tragedy. PM Modi, Union minister Piyush Goyal, Tata Sons Chairman N. Chandrasekaran among those who condoled the loss.
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.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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