Business strategy

Govt to Announce Winner Tomorrow, Tata Group to Take Charge, Say Sources

Who will take charge of Maharaja? We will likely to have an answer by tomorrow. Putting an end to years of doldrums, the Union government is likely to announce the winning bid for debt-laden national carrier Air India on Friday, sources told CNBC-TV18. There have been multiple media reports suggesting that Air India is likely to return to its founders after a gap of 68 years. Tata Sons is likely to take charge of Maharaja and its humongous fleet by the year-end, Bloomberg reported earlier. However, the Union government denied the media reports, calling them incorrect. “Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the Government decision as and when it is taken,” DIPAM Secretary Tweeted earlier.

Read all the Latest News, Breaking News and Coronavirus News here. Follow us on Facebook, Twitter and Telegram.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *