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 26,2025

Riyadh: Prime Minister Narendra Modi's recent visit to Saudi Arabia on April 22 marked a significant step in reaffirming the enduring friendship between India and the Kingdom. During his visit, PM Modi engaged with leading Indian-origin business figures, highlighting their pivotal role in Saudi Arabia's economic growth.

Among the distinguished attendees were Mr. Ashif Karnire, Chief Executive Officer of the prestigious Expertise Group, and Mr. Anshif Karnire, Chief Strategy Officer of the group, whose participation underlined the vibrant entrepreneurial spirit of the Indian community in Saudi Arabia.

Joining them were other prominent business leaders, including Mr. Yusuf Ali, Managing Director of LuLu Hypermarket, and Dr. Alisha Moopen, Group CEO of Aster Healthcare. Each of these leaders represents enterprises that have made outstanding contributions across diverse sectors of the Saudi economy.

The discussions centred around the influential role of Indian entrepreneurs in Saudi Arabia’s development journey, with PM Modi acknowledging their exceptional contributions.

The robust presence of Indian businesses continues to be a driving force in the Kingdom’s economic diversification efforts. The meeting not only reaffirmed the strong ties between India and Saudi Arabia but also opened new avenues for collaboration, promising mutual growth and prosperity in the years ahead.

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News Network
April 27,2025

Mangaluru: The Indian Medical Association (IMA) Mangaluru branch and the Association of Medical Consultants (AMC) have strongly condemned the alleged assault and threats against Dr. Asha Jyothi Putturaya, the Chief Medical Officer at Puttur Taluk Hospital.

The incident occurred when Dr. Asha Jyothi, during her routine rounds in the NICU, found a group of visitors violating hospital protocol. When she requested them to limit visitors to maintain NICU sanctity, two individuals, identified as Zohara and her son Abdul Samad, allegedly became aggressive, verbally abused her, and misbehaved with her in full view of patients and staff. A complaint was filed immediately, but no arrests had been made at the time of reporting.

IMA Mangaluru president Dr. Jessy Maria D'Souza called the incident a direct insult to the dignity and safety of a senior government officer, warning that inaction would set a dangerous precedent. 

AMC Mangaluru president Dr. Vatsala Kamath echoed these concerns, recalling the shocking Kolkata incident of 2024 and stressing the urgent need to protect women doctors.

District Health Officer Dr. Thimmaiah H R and Puttur MLA Ashok Kumar Rai also condemned the incident. The MLA emphasized that doctors must be allowed to work without fear and promised legal action against the accused. In protest, the hospital's medical and non-medical staff staged a flash strike, which was later called off following assurances from authorities.

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News Network
April 29,2025

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Newcastle (Washington) / Mysuru: In a deeply disturbing incident that has shocked both the tech world and local communities in India and the U.S., a Mysuru-based entrepreneur allegedly shot and killed his wife and one of their sons before turning the gun on himself at their residence in Newcastle, Washington. 

The couple’s younger son, aged seven, survived, having stepped out of the house shortly before the tragedy unfolded.

The accused, Harsha Kikkeri (57)—also known as Harshavardhan—was the founder and CEO of HoloWorld, a Mysuru-based robotics company. His wife Shwetha and one of their sons were found dead at the scene along with Harsha, according to the King County Sheriff’s Office (KCSO). Authorities responded to a 911 call at a townhouse in the 7000 block of 129th Street on Thursday night (U.S. time). Upon arrival, deputies found three bodies and confirmed that the scene posed no further threat to public safety.

While investigators are treating it as a murder-suicide, the exact motive remains unknown. The King County Medical Examiner’s Office has yet to release the names or ages of the deceased children. The case remains under active investigation.

A Life of Innovation and Ambition

Hailing from Kikkeri village in Karnataka’s Mandya district, Harsha was an engineering graduate from Sri Jayachamarajendra College of Engineering (SJCE), Mysuru. He went on to work with Microsoft in the United States, where he was involved in cutting-edge robotics development.

In 2017, Harsha and Shwetha returned to India and co-founded HoloWorld, a robotics startup that soon made headlines for its product HoloSuit—a bi-directional, wireless full-body motion capture suit. Touted as the world’s first of its kind at an affordable price, the suit was designed for applications across healthcare, sports, education, and skill development.

HoloWorld's products were exported to multiple countries, including the US, UK, and Israel. Indian cricket star Yuvraj Singh served as the brand ambassador. Harsha even met Prime Minister Narendra Modi to discuss deploying robotic soldiers along India's borders. As a respected member of The Indus Entrepreneurs (TiE) network, he frequently spoke at tech and innovation forums.

Despite his professional achievements, the recent tragedy has left many in the tech and entrepreneurial communities grappling for answers.

Community in Mourning

Neighbours in the Newcastle suburb described the family as kind, quiet, and largely private.

“We would exchange greetings. I often saw the mother walking her children to school—she was very warm,” said Alex Gumina, President of the local Homeowners Association.

Another neighbour recalled, “She was always smiling, and her younger son was especially affectionate. We’re devastated—this is unimaginable.”

Residents are planning a community gathering over the weekend to honor the family and support the surviving child.

Business Winds Down After Pandemic

HoloWorld’s corporate headquarters in India was located in Vijayanagar Third Stage, Mysuru, specifically housing its division HoloEducation. The company operated actively from 2018 until it scaled down in 2022 amid the pandemic. The premises have since remained vacant.

“I haven’t been in touch with them in years,” said the building owner. “They shut down during COVID, and I only heard about the tragedy yesterday.”

The incident has sent shockwaves through Mysuru’s business circles. Bhaskar Kalale, Chairman of EqualizeRCM India and President of TiE Mysuru Chapter, expressed deep condolences, calling the event “heartbreaking beyond words.”

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