- Air India cancels leaves of pilots with immediate effectAgainst the backdrop of the coronavirus pandemic that caused large-scale disruptions, domestic flight services were suspended for two months from March 25 last year. After resumption on May 25, 2020, air traffic has been on the rise. According to an internal communication, all leaves for cockpit crew stands withdrawn with an immediate effect.
- Ajay Singh is keen to board Air IndiaSingh, who cofounded SpiceJet in 2005 and sold it to Kalanithi Maran in 2010, returned in 2015, and is credited with turning around the then-ailing airline.
- Can Air India pay a month's salary to terminated contractual pilots: HC asks national carrierThe court was hearing two pleas moved by the pilots, through advocate Lalit Bhardwaj, for quashing an April 2, 2020 order suspending their services and the subsequent order of August 7, 2020 by which they were all terminated.
- Air India employees' interest will be protected, says Hardeep Singh Puri"The interest of the employees of Air India will be safeguarded in accordance with the guidance of the Department of Investment and Public Asset Management, Ministry of Finance and same will be reflected in the Share Purchase Agreement to be signed with new owner post disinvestment," Puri said in a written reply to the Rajya Sabha.
- Air India to resume airbus services between Hubballi and Mumbai from Feb 16The Air India had commenced the flight services between the two cities from January 20, 2020 for four days a week.
- Air India FY21 loss seen at Rs 10,000 crore as pandemic takes a tollThe record loss is likely to impact the valuation of Air India, as the government prepares to sell the national carrier in the next fiscal. Air India had reported losses of Rs 8,000 crore for 2019-20, lower than Rs 8,500 crore for 2018-19, but higher than the net loss of Rs 5,300 crore for 2017-18.
- Air India flight hits electric pole while landing at Vijayawada Airport; all passengers are safeAn Air India Express flight hit an electric pole while landing at Vijayawada International Airport in Gannavaram. According to the airport administration, all 64 passengers on board the flight and the crew are safe.Air India flight hits electric pole while landing at Vijayawada Airport; all passengers are safe
- Air India Express flight hits electric pole on landing at Vijayawada Airport; all passengers safeThe flight from Doha was headed to Vijaywada and then to Trichy. Out of the 64 passengers, 19 passengers were headed to Vijaywada and the rest are now headed to Trichy. The airline authorities have ordered an investigation," the airport director Rao said.
- Air India disinvestment to be completed in 2021-22; Rs 3,224 cr allotted to aviation ministryAir India Asset Holding Ltd, a special purpose vehicle (SPV), has been set up as part of financial restructuring of the debt-laden national carrier. According to documents presented in the Budget for 2021-22, Rs 2,268 crore has been allocated for the SPV for the next financial year.
- Budget2020-2021: Govt allocates funds to service Air India debt and regional flightsWhile allocation to AIAHL for 2021-22 has increased marginally to Rs 2,268.99 crore from Rs 2,215.50 crore during the current fiscal, allocations for Ude Desh ke Aam Nagrik (UDAN) scheme has reduced from Rs 700 crore from the current year to Rs 600 crore.
- Goyal invites Singapore to invest in semiconductor manufacturing in India“We are extremely keen to have more facilities for chips and wafers and semiconductors because India’s total reliance on other countries for semi conductors is not advisable. It is a matter of concern for the country,” Goyal said.
- 1,995 Air India employees including Vande Bharat crew Covid positive till Feb 1: Minister583 employees were hospitalised and 19 ground staff died due to the infection and other complications, Hardeep Singh Puri said in replies to questions in the Lok Sabha.
- Centre, states owe Air India Rs 498 crore: Aviation Minister Hardeep Singh PuriThe governments in states and at the Centre owe the airline Rs 84.57 crore for VVIP travel, Rs 12.61 crore for foreign dignitaries' travel, Rs. 9.67 crore for evacuation operations and Rs 391.32 crore as other outstanding dues, the minister said.
- Alliance Air to start flight services to Pantnagar from Delhi via Dehradun from Feb 16According to the airline, its flight 9I-645 will depart Delhi at 9.50 am and arrive in Dehradun at 10.55 am, from where it will depart for Pantnagar at 11.45 am and arrive there at 12.30 pm.
- Demand to allow wide-bodied aircraft at Kozhikode airportRaising the issue through a zero hour mention, M V Shreyams Kumar of Loktantrik Janata Dal said Kozhikode airport has been neglected in utilising its full capacity by increasing the traffic and expediting the development works planned.
- Air India, Vistara begin transport of Bharat Biotech’s CovaxinThis is the second day of vaccine transport with airlines starting transporting Covid-19 vaccines across the country from Serum Institute, Pune, on Tuesday ahead of the inoculation drive scheduled to start on January 16.
- Air India to play key role in India’s Covid vaccination driveCommercial airlines, mainly Air India, will play a key role in transporting Covid-19 vaccine vials across the country as India gears to start the world’s largest inoculation drive this week. “During the first phase, national carrier Air India will play a lead role.
- Air India to bring first vaccine shipment to Delhi todayIndia, which saw Corona virus infections peak around Diwali, started registering stabilisation in new infections starting November-end. The infection rate has been below 1% indicating that the worst is over for the country.
- Air India pilot unions object to director's continuation due to 'conflict of interest'Mallik said that in the preliminary information memorandum (PIM) issued on January 20 last year, the government allows participation of the full-time directors at the airline in the bidding process.
- SIA won’t be Tata Group’s co-pilot in bid for Air IndiaTata Sons, the holding company of the conglomerate, can’t bid without SIA’s approval and its waiver of the no-compete clause.
- Government not to give further extension for Air India saleThe government has allowed potential suitors to bid for Air India on its enterprise value on the condition that of the total bid amount, about 15% would be given to the government as the price of Air India and the rest 85% will be debt that the winning bidder will take.
- Disinvestment plan: No going back on privatisation of BPCL, Air IndiaThe spadework started late last year and 2020 was supposed to be the landmark year in India's history of privatisation with at least three top PSUs -- the nation's second-biggest fuel retailer Bharat Petroleum Corporation Ltd (BPCL), national carrier Air India and Shipping Corporation of India (SCI) up for sale.
- Budget 2021: Govt may spend big to push growthIt has been billed as a Budget like never before, triggering expectations that the government will open the purse strings to nurse the Covid-hit economy back onto a robust growth trajectory with a massive fiscal push.
- Budget 2021: Govt may spend big to push growthIt has been billed as a Budget like never before, triggering expectations that the government will open the purse strings to nurse the Covid-hit economy back onto a robust growth trajectory with a massive fiscal push.
- Flying in an Air India 747 ‘Jumbo’ has changed a lot in 50 yearsOnly four 747s remain in the fleet, and now mostly fly to Mumbai and Kolkata from Delhi.
- Not just Air India, Interups interested in Indian aviation; plans to invest $9 billion in 5 years“We are bullish on India’s aviation sector and plan to invest $9 billion in it over the next five years, as we see a lot of growth potential in the sector over a period of time,” Laxmi Prasad, chairman of Interups Inc, said.
- Expert view: Can Tata Group revive Air India?Indian Government is selling its entire stake in Air India. Salt-to-software conglomerate Tata Group has put in preliminary bids for the Airline which was started as a mail carrier in 1932 by JRD Tata, patriarch of the Tata Group. But can Tata group revive the beleaguered Airline which has been in losses since its 2007 merger with domestic operator Indian Airlines? Here is an expert take.Expert view: Can Tata Group revive Air India?
- Sitharaman's 'Economic Vaccine' coming today; will Budget 2021-22 go beyond 'bahi-khata'?As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
- Air India pilots warn of 'industrial action' over wage cutIn the letter, the unions said, "We do not accept this paltry five per cent rollback in illegal paycut and you may advise the concerned to donate this five per cent towards funds for building the Parliament or PM-CARES (Fund)."
- Air India pilots threaten ‘industrial action’ if salaries not restoredIn a letter to the airline CMD Rajiv Bansal the pilots’ union - Indian Pilots’s Guild and Indian Commercial Pilots’ Association - have threatened to go on strike protesting an over 50% cut in their salaries.
- Maharaja on sale: Will Air India divestment take off this time?Air India has received expressions of interest from four potential bidders, including Tata Group. How is this deal different from the one in 2018? What will it take for any private player to turn around this beleaguered Airline and is divestment the right decision for the Airline? ET's Mihir Mishra answers. WatchMaharaja on sale: Will Air India divestment take off this time?
- Shipping Corporation of India selloff: Safesea, JM Baxi submit expressions of interestIndia's largest private ship operator Great Eastern Shipping was also interested in participating in the process, said sources. However, its promoter Bharat Sheth declined to comment on whether his company had submitted an EoI.
- Foresight Group among multiple bidders for Shipping Corp privatisationDIPAM in December had invited expressions of interest (EoI) for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India, along with the transfer of management. The last date for submitting the bids was February 13, which was later extended to March 1.
- IATA plans to launch travel pass this month; in talks with Indian authorities, airlinesThe IATA Travel Pass will be a mobile app to help passengers easily and securely manage their travel in line with government requirements for COVID-19 tests or vaccines.
- View: How the government can truly make India's state-run banks efficient just like their private sector peersSince financial institutions are within the administrative control of the finance ministry, these will no doubt have early implementation. There have also been statements from the Reserve Bank governor of the nature of the ARC that will be set up. These actions portend that GoI will walk the talk.
- View: What it will take a new owner to turn Air India aroundAir India can shine again. But it can’t be turned around on sentiment and good intentions alone.
- No last-minute changes in flight duties to be accepted, Air India pilots tell managementIn a letter to the airline CMD Rajiv Bansal, the pilots’ unions - Indian Pilots’ Guild and Indian Commercial Pilots’ Association - have asked the management to not disturb pilots during their rest period.
- Air India divestment: Tatas, Interups among "multiple" bidders for MaharajaThe sell-off plan for Air India moved to second stage with the government on Monday saying that multiple expressions of interest has been received for strategic disinvestment of the state-run carrier. "Multiple expressions of interest have been received for strategic disinvestment of Air India. The transaction will now move to the second stage," according to a tweet from the Secretary, Department of Investment and Public Asset Management.Air India divestment: Tatas, Interups among "multiple" bidders for Maharaja
- Air India bidding process: All you need to knowThe deadline for submission of expression of interest (EoI) for the beleaguered national carrier Air India ends at 5 pm on Monday. In October, the Centre in an aggressive push to off-load its stake in the national carrier decided to invite bids for AI, based on the company's enterprise value.
- Budget 2021: India’s top steel and cement cos to benefit from NIP, disinvestment & infrastructure pushThe government has done a balancing act of infrastructure development between the rural and urban areas which will again have a positive impact on the economy and the society at large, Narendran added.
- Air India bid, Mistry case on agenda at Tata board meetThe holding company of the $113-billion Tata Group will conduct the board meeting over two days —December 21 and 22.
- View: Govt's zero-debt offer for Air India can make it a very attractive propositionThe zero-debt offer is important because the asset value of many high-value purchases and leases of aircraft are suspect, and have to be renegotiated with the lessors who have leased the aircraft, with many purchases having to be converted to sale and lease back.
- Three investors, including Tata Group, show interest in Air IndiaWhile the Tata Group has shown interest in buying the national carrier, over 200 employees of Air India have also shown interest along with an unknown investor. Interups Inc, a US-based firm that specialises in turning around assets, is the third company to have shown interest.
- Sandip Sabharwal on what to buy if the market falls furtherThe market could correct and come down to levels at which interesting valuations would be seen again.
- View: Why next month may be the most important for India’s economyTherefore, as the next financial year starts in April, GoI must be ready with its key budget measures. If all stakeholders know that the best bits of a good budget are good and ready to be implemented as FY2022 begins, it will shore up confidence no end.
- All-woman cockpit crew scripts history after completing Air India's longest direct flightThe national carrier had said on Saturday that this flight would be the longest commercial flight in the world to be operated by any Indian airline and the total flight time on this route would be of more than 17 hours depending on the wind speed on that day.
- Air India women pilots script history by flying over world's longest air routeAll-women cockpit crew of Air India which operated the inaugural flight between San Francisco and Bengaluru, received a grand welcome shortly after landing at Kempegowda International Airport. The successful flight which flew over the North Pole lasted for about 17 hours. It was also the first-ever longest commercial flight in the world operated by all-women pilot. The crew consisted of Captain Zoya Agarwal, Captain Papagari Thanmai, Captain Akanksha Sonawane, and Captain Shivani Manhas.Air India women pilots script history by flying over world's longest air route
- Tata Sons set to file expression of interest for Air India todayThose that qualify will be invited to start making final binding bids from December 28, as the government seeks to get the privatisation programme airborne after failing to sell a majority stake in the loss-making carrier two years ago.
- Air India gets reprieve in UK court over aircraft lease paymentsThe hearing, held remotely at the Commercial Court division here on Friday, involved unpaid dues of over USD 17.6 million to China Aircraft Leasing Company Limited (CALC) as part of an aircraft lease agreement for rent and maintenance.
- Rahul Gandhi lauds all-women crew for completing Air India's longest flightAir India's longest direct flight from San Francisco to Bengaluru with the all-women cockpit crew successfully landed in the southern city on Monday.
- Four passengers on Air India's London-Delhi flight test positive for COVID-19Four passengers travelling on Air India's London-Delhi flight tested positive for COVID-19 on arrival, a top official of Genestrings Diagnostic Centre said on Monday.
- Pilots' union advises employees not to participate in Air India's strategic saleThe advisory was issued by the unions after Air India commercial director Meenakshi Malik sent a letter to all Air India permanent employees to participate in the process of employee bids in the strategic sale of the airline.
- Employees who submitted EOI should only do day-to-day work & not handle policy issues: Air IndiaIn an internal order issued on Wednesday, Air India stated that the aforementioned employees need to submit a "formal intimation of participation in the consortium of management-employees... through their respective departmental heads to the office of General Manager (Personnel), Headquarters, New Delhi by December 21".
- San Francisco welcomes Air India's decision for first non-stop flight to BengaluruBeginning January 9, Air India will operate two non-stop flights per week to Kempegowda International Airport in Bangalore, departing on Saturday and Tuesday. The return flight from Bangalore arrives on Mondays and Thursdays, San Francisco International Airport said in a statement.
- Flown by 4 women pilots, Air India's longest direct route SFO-BLR polar route flight takes offThe four -- Captains Zoya Aggarwal, Papagari Thanmai, Akansha Sonaware and Shivani Manhas -- became the first all-women crew to operate a flight over the North Pole on their way to BLR.
- CPSE strategic sale: Govt makes security clearance mandatory for all biddersThe government has lined up sale of its majority stake along with management control in BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans, Neelachal Ispat Nigam in the next fiscal.
- All Indo-Russian defence contracts implemented as per schedule: Foreign SecretaryIndia does not see the Indo-Pacific Region as a club of limited members nor as a new theatre for geostrategic contestation. It includes all nations in this geography as also others beyond who have a stake in it aimed at Security and Growth for All in the Region (SAGAR), he emphasised.
- Air India pilot bodies advise members not to participate in disinvestment processThe communication comes amid reports that Air India employees are preparing to bid for the airline in partnership with a private equity fund and each employee will be asked to contribute Rs 1 lakh towards the bid.
- Snag-hit plane makes emergency landing in ThiruvananthapuramThe Air India Express plane developed the snag in the hydraulic system and made the landing at Thiruvananthapuram where the airlines have the base with more technical experts, an airport official said.
- It is a mind-blowing Budget, at least for me: Arvind PanagariyaThe kind of reforms that we had hoped for in the 2014 Prime Ministerial candidate Narendra Modi, have now all come true in Modi 2.0, says the Former VC, Niti Aayog.
- 4 Indian women pilots fly into history with 17-hr haul, Anand Mahindra awed by their enduranceThe auto boss wants his grandson to know these pilots.
- A group of Air India employees is planning to bid for the MaharajaThe Tata Group, which founded AI, is seen as the most likely bidder for the airline. The deadline for placing bids is December 14 and qualified bidders will be intimated by December 28, unless the timeline is extended again due to the pandemic.
- Multiple interests received for Pawan Hans: Govt“Multiple expressions of interest have been received for privatisation of Pawan Hans Limited. The transaction will now move to the second stage,” the Department of Investment and Public Asset Management (DIPAM) said on Twitter today.
- Domestic air passenger flown in January 21 up over December 20; down 39.5% YoYDemand for air travel continued to grow during the month of January 2021 on the back of capacity addition by airlines and increase in the number of people taking flights, as the number of coronavirus cases declined in the country.
- Behind the Budget numbers: A qualitative shift in expenditure that will aid recoveryThe total expenditure of Rs 34.8 lakh crore is just Rs 30,000 crore more than last year's but the boost in capital expenditure is noteworthy as it tends to have a multiplier effect on the economy.
- Rs 1.7 lakh-crore disinvestment target very much achievable, says Amitabh KantThe Budget is very pragmatic, very practical and very rational and it does not put in additional cesses, taxes and brings sensibility to the Budget making process, says the NITI Aayog CEO
- Tax hikes, currency printing were never on the table: Nirmala SitharamanWe will keep a watch on inflation, but not worried about it, says the finance minister
- View: Some of Budget's boldest moves happened in financial sectorThe government has followed a consultative approach as a number of suggestions made by various industry forums over time have found acceptance in this Budget.
- Can’t expect relief for stock market this year, hope there's no further taxation: Saurabh MukherjeaDue to the need to disinvest heavily, the government will hopefully not hurt the stock markets with higher taxes this time.
- View: The role of the private sector in ongoing debate over disinvestment-privatisation-led growthGoI’s decision to announce disinvestment of public sector undertakings (PSUs), barring those in four strategic areas, is progressive.
- Bidders for govt's stake in CPSEs to submit beneficial ownership details for security clearanceAccording to the proforma, any interest of more than 10 per cent in the bidding entity would require disclosures of parentage and beneficial ownership to get a security clearance.
- Air India to resume service to MumbaiMonths after the suspension of the service due to the pandemic, the airline is to operate flights four days a week on Monday, Wednesday, Friday and Sunday.
- Air India waives rescheduling, no-show charges amid farmers' protest"In view of traffic disruption in NCR region due to closure of Delhi borders, we are allowing no-show waiver & one free reschedule to passengers who couldn't report for their flights," the national carrier said in a tweet on Thursday.
- Farmers protest: Air India offers free rescheduling of flights for affected passengers"In view of traffic disruption in NCR region due to closure of Delhi borders, we are allowing no-show waiver & one free reschedule to passengers who couldn't report for their flights," Air India said on Twitter. "Waiver will be valid for flights scheduled out of Delhi airport only for 26th Nov '20," it added.
- Air India announces first direct flight between Bengaluru and San FranciscoThis would be the first non-stop flight between Bengaluru and the US, connecting the world’s two tech hubs – the original Silicon Valley and the Silicon Valley of India.
- Govt extends bid submission deadline for Shipping Corp to March 1The Department of Investment and Public Asset Management (DIPAM) in December had invited expressions of interest for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India, along with the transfer of management.
- New agri laws will help double farmers' income: Anurag Thakur"These people say farm laws are black laws. Only whose thinking is black will call it black. This law has been brought to double the income of farmers. We are committed to double the income of farmers," Thakur said in the Upper House.
- Don't blame bureaucrats for stalling privatisation: Subhash Chandra GargI am convinced that if the privatisation policy is adhered to by the politicians, the civil servants would deliver it.
- 5,808 flights cancelled or delayed in India due to weather in Nov-Dec 2020: GovernmentIndiGo, SpiceJet, Air India, Vistara, GoAir and AirAsia India cancelled 439, 139, 97, 66, 25 and 20 flights respectively in December 2020 due to weather conditions, he mentioned.
- Targeting to conclude BPCL strategic sale by June: DIPAM SecretaryThe government has received three preliminary bids for buying of controlling stake in India's second-largest fuel retailer Bharat Petroleum Corp Ltd (BPCL).
- SP leader demands repeal of farm laws, guarantee on MSP in Rajya SabhaThe Samajwadi Party (SP) leader said he does not think that the government's plan about doubling the income of farmers will succeed and pointed out that there is no provision for the farm-allied sectors in the budget.
- Cairn CEO wants to meet FM Nirmala Sitharaman on arbitration award next weekThis is yet another attempt by Cairn to mount pressure on the government to honour the award. Last month, Cairn wrote to the Indian government, seeking clarity on this ahead of the company's earnings release on March 9. In its letter, the company also warned that it had put in place necessary preparations to enforce the award against Indian assets overseas.
- Air India privatisation deal unlikely to conclude this fiscal, amid Tata Group interestA group of over 200 Air India employees also submitted an expression of interest (EoI) for the carrier in partnership with Interups at the close of the deadline on December 14.
- Strategic divestment of CEL, SAIL units likely to conclude by FY21 endThe sale of stakes in Air India, Bharat Petroleum Corp., Shipping Corporation of India, BEML and Container Corp. of India, among others, will pick up pace from March. The disinvestment target for FY22 has been set at Rs 1.75 lakh crore.
- Air India waives penalties for rescheduling bookings for UK, Oman, Saudi Arabia between December 22 and 31The decision came after flights to the United Kingdom, Oman and Saudi Arabia were suspended as a precautionary measure to check the spread of a new COVID-19 strain discovered in the UK.
- Government targets 1,000 routes under UDAN scheme: PuriAddressing a press conference at the BJP's state office Kushabhau Thakre Parisar here over the Union Budget 2021-22, Puri also said that domestic flight services from Bilaspur town in Chhattisgarh will begin from March 1 under the regional connectivity scheme.
- New CEO of Air India Express Aloke Singh takes chargeSingh holds an MBA from the Birla Institute of Technology, Ranchi, and has attended the London School of Economics on a Chevening Fellowship. In his first communication to Air India Express employees, Singh said he was privileged to be a part of an iconic institution and a great team.
- Govt likely to extend Air India bid deadline to December 14; investors to get flexibility on debtThe flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle.
- Ongoing strategic disinvestments of CPSEs to be outside PSE policy purviewStrategic disinvestments of Air India, Bharat Petroleum Corp Ltd, Shipping Corporation of India and BEML announced during FY21, are in various stages of advancement. The government is expecting to conclude these transactions in FY22.
- Hong Kong bans Air India flights for fifth time after few passengers test COVID-19 positiveThe previous bans on the airline's Delhi-Hong Kong flights were from August 18 to August 31, September 20 to October 3 and October 17 to October 30, and on its Mumbai-Hong Kong flights during October 28-November 10.
- Confident that disinvestment calendar will work well, non-tax revenues to improve in FY22: FMThe government is targeting to conclude strategic sale of BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans, Neelachal Ispat Nigam Ltd, in the next fiscal.
- Budget marks directional change for Indian economy: Finance Minister“This Budget mark a clear directional change for the Indian economy and that directional change is not what the government has offered as a sudden response, but it was something that was preoccupying the Indian minds for over 30 years,” she said at FICCI's national executive committee meeting via videoconferencing.
- Six new 'eyes in the sky' for Indian Air Force to be built by DRDO on Air India planesGovernment sources said that as per the discussions on the AEW&C Block 2 aircraft to be developed by the DRDO under a Rs 10,500 crore project, the six aircraft would be acquired from the Air India fleet and modified to fly with a radar that will give 360-degree surveillance capability to the defence forces.
- LIC IPO to happen after October: DIPAM SecyTargeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (SCI), IDBI Bank Ltd and two other public sector lenders in the fiscal year beginning April 1.
- Watch: Exclusive images of Air India OneWatch: First exclusive images of the all-new Air India1 --- The aircraft that will be used by the President and the Prime Minister of the country.Watch: Exclusive images of Air India One
- Air India divestment: Deadline extended to December 14 with revised bidding normsCivil Aviation Minister Hardeep Singh Puri on Thursday said bidding for Air India would be done on the basis of its enterprise value instead of equity value. Enterprise value of a company includes the equity value, debt as well as cash with the company. Equity value measures the value of a company's shares. On Thursday, the deadline to submit bids for the national carrier was extended for the fifth time this year to December 14.Air India divestment: Deadline extended to December 14 with revised bidding norms
- India may give oil field in lieu of $1.4 billion it has to pay Cairn and save overseas assetsFor a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout.
- Accord 'strategic sector' tag to pharma industry: Parliamentary panelThe Committee on Public Undertakings said it was of the strong opinion that pharma sector plays a very important role to keep the nation healthy and strong.
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