Tata Group 'interested' in Air India

Agencies
December 14, 2020

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New Delhi, Dec 14: Tata Group is seeking to board Air India again after nearly seven decades, with the salt-to-software conglomerate set to participate in the bidding process for the national carrier, sources said on Monday.

The last date for submission of Expression of Interest (EoI) for Air India is Monday.

At present, the Tata group is operating two airlines -- the full service carrier Visatara in association with Singapore and AirAsia India, for which it has collaborated with Malaysian airliners group AirAsia.

The Narendra Modi government has already taken one attempt to privatise Air India in the last three years, which came a cropper. However, the government re-initiated the disinvestment process of Air India early this year.

Sources said Tata Sons is "interested" in acquiring Air India and will meet the government deadline for expressing the same.

The holding and promoter firm of the Tata group companies has, however, not decided as yet whether it will go solo or bid through a partner, the sources said.

When contacted, Tata Sons spokesperson declined to comment.

An AirAsia India spokesperson, in response to a query sent to its Chief Executive Officer Sunil Bhaskaran, refused to comment.

"We would not be responding to the query," said the spokesperson.

A group representing as many as 209 Air India employees have also put in a bid for the national carrier, the airline's Commercial Director Meenakshi Mallik said.

"We submitted the bids today (Monday) morning for acquiring the full (entire 100 per cent stake) company," Mallik, who initiated the employees' participation, told PTI.

Earlier, a section of Air India employees said that they were looking to bid for the airline in partnership with a private equity fund and each employee was asked to contribute Rs 1 lakh towards the bid.

In January this year, the government invited bids for selling 100 per cent of its holding in Air India and its international budget arm Air India Express Ltd and 50 per cent in ground handling joint venture Air India SATS Airport Services Private Ltd.

As per the Air India EoI floated by DIPAM in January, of the airline's total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286.5 crore, while the rest would be transferred to Air India Assets Holding Ltd (AIAHL), a special purpose vehicle.

On December 10, the government said that the interested entities are required to submit the physical bids within 15 days from December 14 -- the last date for submitting EoIs.

The Centre said it will intimate qualified interested bidders (QIBs) of Air India on January 5 next year, instead of the earlier decided date of December 29, 2020.

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News Network
April 16,2025

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The United States has reportedly approved a new shipment of thousands of powerful munitions to the Israeli regime, further reinforcing its military arsenal as Tel Aviv is said to be readying for “vigorous expansion” of its genocidal war on the Gaza Strip.

Citing unnamed Israeli officials, Hebrew-language outlet Ynetnews reported that the Israeli air force was set to receive more than 3,000 bombs from the US in the coming weeks.

According to the report, the munitions are to be delivered to “boost readiness” for a major offensive being planned by the Israeli army’s Southern Command.

Over 10,000 additional bombs are also expected to arrive in the near future, replenishing Tel Aviv’s stockpiles as it pushes forward with its regional military adventurism that has seen it escalate its deadly attacks on Lebanon and Syria, besides the war on Gaza.

The shipment is part of a broader arms package that includes MK-84 bombs, powerful 2,000-pound munitions that have already been linked to mass civilian casualties in Gaza.

A similar transfer, which was initially halted by the previous US administration, was unfrozen earlier this year under Donald Trump’s second tenure as president, enabling the Israeli regime to resume large-scale deployment of the destructive weapons.

Rafah encircled 

The regime’s minister for military affairs Israel Katz has announced that Tel Aviv was now preparing to “vigorously” broaden its assault on besieged Gaza.

As part of the escalation, Israeli forces have recently captured the so-called “Morag Corridor,” a strategic route connecting the southern Gaza cities of Rafah and Khan Younis.

Israeli military officials had declared on 12 April that Rafah, the last refuge for over a million displaced Palestinians, was now completely surrounded.

The Israeli army’s 36th Division, including the 188th Armored Brigade and Golani Infantry Brigade, reportedly advanced from both northwest and southeast axes towards the area.

Additionally, the army’s “Gaza Division” is operating along the Philadelphi Corridor, adjacent to the Gaza-Egypt border, amid the regime’s continued allegations that the stretch of land is used to transfer arms to Gaza’s Hamas resistance movement.

Death toll rises 

The intensified genocidal campaign has come at a staggering human cost. Since March 18, at least 1,630 Palestinians have been killed and more than 4,300 wounded across the Palestinian territory due to relentless Israeli bombardments and ground incursions.

Entire neighborhoods in Rafah and other southern areas have been flattened, with displaced civilians again forced to flee, this time with nowhere left to go.

Across the entire territory, essential infrastructure has been decimated, exacerbating the already dire conditions for over two million Palestinians trapped under blockade.

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coastaldigest.com news network
April 8,2025

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Mangaluru: Meet Deepashree S, the state topper in the Commerce stream of the PU 2 exams, scoring an astonishing 599 out of 600. A student of Canara PU College, Deepashree had an inkling of success but admits the first rank was beyond her wildest dreams.

“All our doubts were cleared in the classroom itself,” she said, praising her lecturers. “Their concept-based teaching helped me understand everything thoroughly. I also made it a habit to revise daily.”

Planning her future early, Deepashree is already taking CA coaching and is all set to appear for the CA Foundation exam in May. Her next step? An integrated BCom with CA.

Daughter of Ashok S and Suma P, Deepashree is also a Carnatic classical singer, and attributes her sharp concentration to her love for music.

“Hard work matters, but yes, luck plays a part too,” she added with a wise smile — proving that success is a fine mix of talent, effort, and grace.

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News Network
April 14,2025

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New Delhi: Prime Minister Narendra Modi launched a scathing attack on the Congress on Sunday, accusing the party of indulging in minority appeasement and vote-bank politics over its opposition to the amended Waqf Act. Speaking at the inauguration of Hisar Airport in Haryana, the Prime Minister also questioned the Congress’s commitment to the Muslim community, asking why the party had never appointed a Muslim president or reserved a significant portion of election tickets for Muslim candidates.

“Congress has appeased only a few fundamentalists while keeping the majority of Muslims poor and uneducated,” Modi said. “If the Congress truly cares for Muslims, let them make a Muslim the party president and reserve 50 per cent of their Lok Sabha tickets for Muslim candidates. But they won’t. Their only aim is to snatch away others’ rights for political gains.”

He alleged that the Congress misused the Waqf law to benefit select groups and land mafias. “Lakhs of hectares of land under Waqf have been misused. If it had been used honestly, Muslim youth wouldn’t be forced to fix bicycle punctures for a living,” Modi remarked. “With the new amendments, Waqf Boards can no longer claim land belonging to tribals or marginalized communities. This is true social justice.”

Modi linked the Waqf law controversy to what he called the Congress’s legacy of undermining Dr B.R. Ambedkar. Remembering Ambedkar on his birth anniversary, the Prime Minister accused the Congress of sidelining him during his lifetime and attempting to erase his legacy after his death.

“Babasaheb Ambedkar stood for equality, but Congress infected the nation with the virus of vote-bank politics. They made him lose elections twice and tried to keep him out of the system,” Modi said, adding that every policy of his government is inspired by Ambedkar’s ideals.

He also took aim at the Congress’s stance on the Uniform Civil Code, noting that while the Constitution recommends a common civil code, the Congress never implemented it. “Today, Uttarakhand has implemented a Uniform Civil Code, and Congress is opposing it. This shows their double standards,” he said.

In response, Congress president Mallikarjun Kharge hit back, accusing the BJP of using Ambedkar’s name for political mileage while failing to implement his principles. “Dr Ambedkar emphasised education above all. What has this government done to realise his vision?” Kharge questioned. “They only speak against Congress, against Nehru, and all we have done. But what have they achieved themselves?”

Kharge also reiterated the Congress’s demand for immediate implementation of the Women’s Reservation Act, which mandates 33 per cent representation for women in Parliament and state assemblies. “When the bill was passed two years ago, we demanded SC, ST, and OBC women be included in the reservation. This remains our goal,” he said.

The exchange marks a sharp escalation in the war of words between the two national parties ahead of the upcoming general elections, with both sides invoking Ambedkar’s legacy to bolster their political narratives.

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