Tata Group
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Maharaja is back! Tata Group gets handover of Air India
India | Dec 15, 2022, 03:26 PM ISTAfter a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited, a subsidiary of the Tata Group's holding company, for Rs 18,000 crore.
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Tatas gets loan commitment from SBI-led consortium for Air India
Business | Jan 27, 2022, 03:06 PM ISTTata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, is expected to formally takeover the airline on Thursday.
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Tata Sons chairman Chandrasekaran meets PM Modi ahead of Air India handover
Business | Jan 27, 2022, 03:03 PM ISTMaharaja is the official mascot of Air India which operates globally apart from domestic operations. According to the available data in 2020, "Air India operates around 101 destinations including 57 domestic operations including 33 countries on four continents around the world."
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Air India to be handed over to Tata Group on January 27
Business | Jan 24, 2022, 05:18 PM ISTAfter a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited.
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Clear Air India dues, buy tickets in cash: Finance Ministry tells ministries, departments
Business | Oct 28, 2021, 11:01 AM ISTAs of August 31, Air India had a total debt of Rs 61,562 crore and 75 per cent of this debt or Rs 46,262 crore will be transferred to a special purpose vehicle AIAHL before handing over the loss-making airline to the Tata Group.
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Decision on Air India will give new energy to aviation sector: PM Modi
Business | Oct 20, 2021, 02:52 PM ISTTata group has emerged as the winning bidder for Air India, and on October 11, a letter of intent (LoI) was issued to the group.
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Procurement of expensive aircraft parts to be done after approval of senior official: Air India
Business | Oct 17, 2021, 10:17 AM ISTThe airline's order stated that "procurement of new aircraft parts" and "procurement of non-aircraft parts" -- which are of more than Rs 10 lakh cost -- must be done after the approval of "Director Finance or Executive Director Finance".
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Air India under Tata Group will be real challenge: IndiGo CEO Ronojoy Dutta
Business | Oct 14, 2021, 09:10 AM ISTAkasa Air, which is backed by former IndiGo president Aditya Ghosh, ace investor Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube, got NOC from Civil Aviation Ministry on Monday.
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Tatas plan new vertical to on-board Air India post share purchase agreement
Business | Oct 13, 2021, 08:59 AM ISTTata Group has several verticals, one of which tourism and travel houses the group's interest in Indian Hotels Company, Vistara and AirAsia India.
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Opinion | Air India under Tatas will surely regain its lost glory
India | Oct 09, 2021, 02:00 PM ISTOn an emotional note, Air India under the leadership of JRD Tata had, at one time, gained the reputation of being one of the most prestigious airlines in the world.
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From JRD Tata to Ratan Tata: Air India's flight comes full circle | PICS
India | Oct 08, 2021, 04:50 PM ISTThey say better late than never. For the Tatas, the original owners of Air India, bringing back the airline to its fold is worth the wait even if the attempt to privatise the bleeding national carrier by successive governments has taken over two decades. While many airlines have come and gone from the Indian skies since the time when the first move was made to privatise Air India to date, the salt-to-software conglomerate has never let the love affair with aviation, more so with Air India that its former Chairman Jehangir Ratanji Dadabhoy Tata (JRD) had, to go off the radar. Considering the respect for legacy that the group has, it is therefore not a surprise that the Tatas shelled out so much (Rs 18,000 crore) to take back Air India. This is a group that didn't mind investing Rs 2 lakh back then in 1932 to start Tata Aviation Service, the precursor of Tata Airlines and Air India.
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Tata Group wins Air India bid at Rs 18,000 cr
News | Oct 08, 2021, 05:00 PM ISTCommerce and Industry Minister Piyush Goyal on Saturday said the government announced Air India as the final winner for Air India disinvestment bid. Tata Sons made the winning bid of Rs 18,000 cr for Air India, DIPAM Secretary said.
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Air India Disinvestment: Tata Group frontrunner to take over national carrier; announcement today
Business | Oct 08, 2021, 10:55 AM ISTEarlier, the Centre evaluated financial bids received from Tata Group and SpiceJet founder for the acquisition of Air India.
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Tata Sons winning Air India bid report 'incorrect', says Govt
India | Oct 01, 2021, 02:50 PM ISTTata Sons, the holding company of Indian multinational conglomerate Tata Group, has won the bid to take control of Air India, reports claimed.
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No GST on canteen charges recovered from employees: AAR
Business | Aug 22, 2021, 11:29 AM ISTTata Motors had approached the Gujarat bench of Authority for Advance Ruling (AAR) seeking a ruling on whether Goods and Services Tax (GST) is applicable on the nominal amount recovered by it from employees for the usage of canteen facility.
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Tata, Linde procure 24 O2 transport tanks in Germany, await airlifting
India | Apr 24, 2021, 01:43 PM ISTOn April 21, the Tata Group on social media platforms stated that it is "committed to doing as much as possible to strengthen the fight against Covid-19" and to "mitigate the oxygen crisis".
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Tata Group to import 24 cryogenic containers to transport liquid oxygen amid spike in COVID cases
India | Apr 21, 2021, 10:26 AM ISTLauding Prime Minister Narendra Modi's appeal to the people in his address to the nation in the wake of the second wave of the pandemic, the group said it is "committed to doing as much as possible to strengthen the fight against #COVID19".
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Tata Consumer Products enters Nifty 50 index, replaces GAIL India
Market | Mar 31, 2021, 04:58 PM ISTTata Consumer Nifty 50 entry: Tata Consumer Products entered the Nifty 50 index on Wednesday, replacing GAIL India.
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‘Not an issue of winning or losing’: Ratan Tata on SC verdict backing removal of Cyrus Mistry
Business | Mar 26, 2021, 01:32 PM ISTTata Trusts, which owns 66 per cent stake in Tata Sons, is chaired by Ratan Tata, the patriarch of the Tata group, while the Mistry family owns 18.4 per cent stake in the company.
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Setback for Cyrus Mistry as SC sets aside NCLAT order to reinstate him as Tata Group's chairman
Business | Mar 26, 2021, 01:16 PM ISTTata, Cyrus Mistry case verdict update: A bitter legal erupted between Tata and Cysrus Mistry after the latter was removed from Tata Sons’ board as chairman in October 2016.