Page 10 - Interups Inc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEW DELHI – Backed by strategic investors from the U.S. and Europe, Interups Inc. – led by Indian American entrepreneur Laxmi Prasad – Dec. 15 submitted a joint “expression of interest” with Air India employees for the government’s stake in the national carrier Air India. Prasad, chairman of Interups Inc., said: “We plan to allocate 51 percent of the stake to employees, while rest 49 percent will be kept with us. We have a number of U.S. and Europe-based strategic NRI investors. If successful in acquiring the stake, we plan to off-load infrastructure assets ...

Air India's return to Tata Group will disrupt the aviation sector Air India presently has third-largest (9.4 per cent) traffic share in the domestic markets. Tata Group-owned airlines - AirAsia India and Vistara - were fifth and sixth largest with 7.1 per cent and 6.4 per cent market share, respectively Manu Kaushik | December 16, 2020 | Updated 17:53 IST Air India had a total debt of Rs 60,074 crore as on March 2019, as per EoI Major disruption is on the cards in Indian aviation as Tata Group has reportedly submitted its bid to acquire beleaguered Air India. On the last day of the bidding p...

Explore Now Domestic stocks look set to halt the rally, tracking weak Asian markets and an overnight decline in US stocks. The back-to-back formation of indecisive Doji candles on Nifty's charts, too, has been signalling a weakening of momentum. Here’s breaking down the pre-market actions: STATE OF THE MARKETS Nifty futures on the Singapore Exchange traded 31 points, or 0.23 per cent, lower at 13,560.50, in signs that Dalal Street was headed for a negative start on Tuesday. Tech View: Third Doji in a row is bad omen Nifty50 on Monday formed a ‘Doji’ candle on the daily chart, the third ...

As Air India bids close, Tatas and consortium led by staff in fray According to sources, the Tata Group has submitted an official expression of interest for the airline although the bid has not been placed through its affiliate airlines, Vistara or AirAsia India. A Tata Group spokesperson declined comment. Updated: December 15, 2020 7:29:54 am This is the Government’s second attempt at disinvesting its stake in the airline after the previous move in 2018 ended up without a bid. In a boost to its efforts to disinvest stake in Air India, the Centre said Mo...

Tatas, Air India staff join race for airline Premium Air India had current liabilities and provisions, including short-term loans and trade payables, of ₹70,686.6 crore and net debt of ₹58,255 crore at the end of March 2019. 3 min read Share Via Read Full Story The Tata group and a consortium consisting of Air India employees and a financial investor have shown interest in buying the national carrier that last reported a profit in 2007, two people familiar with the developments said. The expressions of interest (EoIs) will give the Tata group, and the consortium consisting of New York-b...