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  • The government cannot force us to move out: Air India employees Dec 29, 2022 08:59 PM IST

    The government cannot force us to move out: Air India employees

    The airline had taken an undertaking from 1,600 employees residing in their quarters that they would vacate the premises within six months of Air India being privatised.

  • Sri Lanka to privatise national carrier as it runs out of money Aug 29, 2022 07:55 PM IST

    Sri Lanka to privatise national carrier as it runs out of money

    The government is looking to sell a 49 per cent stake each of the SriLankan Airlines' catering and ground-handling units in efforts to restructure the state-run carrier

  • Gradual rather than big bang approach for banks' privatisation for better outcomes: RBI article Aug 19, 2022 05:19 PM IST

    Gradual rather than big bang approach for banks' privatisation for better outcomes: RBI article

    The article also highlighted that recent mega merger of PSBs has resulted in consolidation of the sector, creating stronger and more robust and competitive banks

  • Air India CEO Campbell Wilson to meet employees to discuss eviction from former staff housing this week Aug 09, 2022 06:28 PM IST

    Air India CEO Campbell Wilson to meet employees to discuss eviction from former staff housing this week

    Wilson is expected to meet the representatives of Air India's unions in order to expedite the process of clearing out former colonies of the airline, multiple people aware of the development said.

  • Air India veterans feel unwelcome in airline under Tata group Jun 29, 2022 07:36 PM IST

    Air India veterans feel unwelcome in airline under Tata group

    Older employees of Air India feel that the new management is focused on replacing them with new hires.

  • Govt plans to complete privatisation of 13 airports by March 2022 Oct 26, 2021 11:59 AM IST

    Govt plans to complete privatisation of 13 airports by March 2022

    For bidding for the airports operated by AAI from Tier II and III cities, the Centre plans to follow the per-passenger revenue model.

  • The big switch for Air India employees Oct 14, 2021 04:10 PM IST

    The big switch for Air India employees

    From moving to new homes to dealing with higher monthly expenses, Air India’s sale affect the lives of its employees in Delhi.

  • INTERVIEW | DIPAM Secretary: Had govt retained Air India, aviation sector growth would have been constrained Oct 11, 2021 07:49 AM IST

    INTERVIEW | DIPAM Secretary: Had govt retained Air India, aviation sector growth would have been constrained

    Speaking to Moneycontrol, DIPAM Secretary Tuhin Kanta Pandey was confident that his department will be able to privatize a number of PSUs including BEML, Shipping Corp, NINL, Pawan Hans, CEL and BPCL before March 31, 2022.

  • Tata Group wins the bid to acquire 'Maharaja', take a look Oct 08, 2021 09:24 PM IST

    Tata Group wins the bid to acquire 'Maharaja', take a look

    The Tata’s will pay Rs 18,000 crore to the government. The reserve price was fixed at Rs 12,906 crore.

  • Guwahati airport goes to Adani Group despite AAI union seeking probe Oct 08, 2021 01:40 PM IST

    Guwahati airport goes to Adani Group despite AAI union seeking probe

    In a letter to the PM, an employee's union demanded a judicial probe into the privatisation process done for six airports.

  • Air India pilots’ and officials’ concerns to be addressed to prevent sale delays Oct 04, 2021 06:53 PM IST

    Air India pilots’ and officials’ concerns to be addressed to prevent sale delays

    The government doesn’t want any legal hitches to hinder the sale of the national carrier, which is said to be in the closing stages.

  • Political nod to Air India sell-off to Tata Sons likely this week Oct 04, 2021 07:33 AM IST

    Political nod to Air India sell-off to Tata Sons likely this week

    The empowered group of ministers led by Amit Shah, is known as the Air India-Specfic Alternative Mechanism (AISAM) and also includes Nirmala Sitharaman, Piyush Goyal and Jyotiraditya Scindia.

  • Government representative on Air India board to handle day to day operations: Sources Oct 02, 2021 03:50 PM IST

    Government representative on Air India board to handle day to day operations: Sources

    Senior officials in the Civil Aviation Ministry and Air India told Moneycontrol that S K Mishra the government-appointed director on the board of the airline will take over everyday operations until the government takes a decision about the privatization of the national carrier.

  • Tata Sons wins bid for Air India, official announcement awaited Oct 01, 2021 11:13 AM IST

    Tata Sons wins bid for Air India, official announcement awaited

    A panel of ministers has reportedly accepted Tata Sons' proposal to take over Air India

  • Air India sale: Govt officials meet Tata Sons, Ajay Singh for the second day in a row Sep 30, 2021 08:17 PM IST

    Air India sale: Govt officials meet Tata Sons, Ajay Singh for the second day in a row

    On September 30, government officials met the two bidders of Air India for a second consecutive day to discuss the divestment of the airline. Officials from the Ministry of Civil Aviation, Department of Investment and Public Asset Management, and the Directorate General of Civil Aviation met with officials from the Tata Group and Spicejet Chairman Ajay Singh.

  • Exclusive: Bharat Petroleum privatisation, LIC IPO to be completed in Q4FY22: Chief Economic Advisor Sep 28, 2021 06:09 PM IST

    Exclusive: Bharat Petroleum privatisation, LIC IPO to be completed in Q4FY22: Chief Economic Advisor

    Subramanian said that Air India’s privatisation is in an advanced stage, and that the government was confident of meeting the FY22 divestment target of Rs 1.75 lakh crore.

  • Interview | Inflation should remain range-bound till December, says chief economic advisor Sep 28, 2021 06:00 PM IST

    Interview | Inflation should remain range-bound till December, says chief economic advisor

    Strap: Chief economic advisor Krishnamurthy Subramanian said the Centre is confident of completing the privatisation of Air India and Bharat Petroleum and the Life Insurance Corporation initial public offering by the fourth quarter

  • Monetizing dedicated freight corridors: Many firms will be keen, but need investor-friendly stance, regulator Aug 27, 2021 05:45 PM IST

    Monetizing dedicated freight corridors: Many firms will be keen, but need investor-friendly stance, regulator

    Monetizing a part of cross-country 3,300 km dedicated freight corridors has major financial implications for the government and the private sector. Moneycontrol takes a deep dive into the opportunities and challenges.

  • Cabinet approves FDI worth Rs 15,000 crore from promoters for Bangalore Airport expansion Aug 25, 2021 03:43 PM IST

    Cabinet approves FDI worth Rs 15,000 crore from promoters for Bangalore Airport expansion

    Anchorage Infrastructure is the investment vehicle of Fairfax India for airports and other infrastructure investments. Fairfax India is the majority owner and controller of Bangalore International Airport Ltd as it owns a 54 percent stake in the airport.

  • Confident of completing Air India, BPCL privatisation this fiscal: DIPAM Secretary Aug 11, 2021 11:19 AM IST

    Confident of completing Air India, BPCL privatisation this fiscal: DIPAM Secretary

    "There is a very big privatization agenda and that would mean that apart from NCLT, there will be a lot of assets on offer which will come from the public sector," Tuhin Kanta Pandey said.

  • Analysis | After Q1, Centre’s revenue position looks comfortable; divestment concerns remain Jul 27, 2021 09:37 AM IST

    Analysis | After Q1, Centre’s revenue position looks comfortable; divestment concerns remain

    The first quarter has been relatively encouraging on the tax and non-tax revenue front, and the Centre’s fiscal position is comfortable for now, even with additional expenditure. However, the government needs to pick up the pace on privatisation

  • Exclusive | Privatisation of general insurer, 2 banks unlikely to be completed this fiscal Jul 19, 2021 07:50 PM IST

    Exclusive | Privatisation of general insurer, 2 banks unlikely to be completed this fiscal

    The Centre is confident of meeting the ambitious divestment target of Rs 1.75 lakh crore through share sales in Air India and other companies, including the Life Insurance Corporation IPO, which is expected to be India’s largest.

  • IDBI Bank disinvestment: Govt approves 100% stake sale by Centre, LIC Jul 09, 2021 06:12 PM IST

    IDBI Bank disinvestment: Govt approves 100% stake sale by Centre, LIC

    While the Cabinet Committee on Economic Affairs has allowed the sale of the entire stake, the exact quantam will be decided as the process unfolds. The Centre and LIC together own nearly 95 percent of IDBI Bank currently.

  • Govt hopes bringing Public Enterprises Department under Finance Ministry will boost privatisation process Jul 07, 2021 08:15 PM IST

    Govt hopes bringing Public Enterprises Department under Finance Ministry will boost privatisation process

    This move is aimed at ensuring that the Centre’s privatisation, asset monetisation and capital expenditure plans for state-owned companies are aligned and coordinated.

  • Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors Jun 22, 2021 07:01 PM IST

    Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors

    The government has not yet finalized how much stake to sell and will do so in consultation with the RBI, LIC Ltd, and the appointed transaction advisor, a senior government official told Moneycontrol. The stake offloaded could be anything between 26 percent (the minimum required to transfer management control) and the centre's entire stake, which is currently at 45.5 percent