Foreign airlines can participate in Air India sale

Options Open On Air India Proposed Disinvestment Says Singapore Airlines

Even though the Union Cabinet has allowed foreign airlines to pick up 49 per cent stake in Air India, worldwide players are likely to stay away unless the government agrees to hand over management control of the airline to them.

Currently, Air India is incurring a net loss of $569 million annually as per the latest official data presented by India's Civil Aviation Ministry in the Parliament.

Raju's in his official Twitter had commented: "Foreign airlines now allowed toinvest up to 49 percent under the approval route in Air India".

The provision was however not applicable to Air India.

"Our priority is the further expansion of Vistara".

If we have disinvested 60 percent of Air India, 60 percent would be with the private sector, 40 percent would remain with the government. OK.

In Kansas, deadly hoax provokes thorny question
The district attorney's office says additional charges could be filed once prosecutors review the information provided by police. The official said it wasn't clear if Barriss was involved in the dispute or if he had been recruited to make the false call.

Corcept Therapeutics (NASDAQ:CORT) Receiving Somewhat Favorable News Coverage, Report Finds
Corcept Therapeutics Incorporated (NASDAQ:CORT) has risen 124.81% since January 12, 2017 and is uptrending. (NYSE:CIT). Piper Jaffray maintained Corcept Therapeutics Incorporated (NASDAQ:CORT) on Wednesday, October 11 with "Buy" rating.

Embarrassed India Willoughby FINALLY admits regrets over Celebrity Big Brother behaviour
It was revealed just after 10.30pm that India received the fewest votes, becoming the first to be evicted. India concluded with the theory she believed it was martians who had abducted her.

The government said last June it was open to selling a stake in the state-owned airline, which has developed a reputation for delays, cancellations and poor service.

The Indian government has allowed foreign airlines to have up to 49 per cent stake under the approval route in Air India subject to certain conditions.

"Substantial ownership and effective control of Air India shall continue to be vested in Indian national", the release said.

The government has yesterday permitted foreign airlines to invest up to 49 per cent in debt-ridden Air India, and eased norms for investment in single brand retail, construction and power exchanges.

A group of Indian ministers is in the process of finalising the contours for the proposed strategic stake sale in the national carrier Air India and expression of interest is likely to be invited from bidders soon.

CAPA, in an earlier note, had said that the government should clean up its balance sheet and Air India Express and special business units such as Air India Engineering should be sold separately.

Related:

  • Liam Neeson is all aboard The Commuter in exclusive teaser trailer

    Liam Neeson is all aboard The Commuter in exclusive teaser trailer

    If MacCauley can identify a passenger who, as Joanna describes "does not belong", he will be rewarded with $100,000 cash. For starters, it nearly seems like a parody of a modern day Neeson movie, which has become a genre unto itself.

    National Football League picks divisional round: Predictions for every game

    All of these factors will make for an interesting afternoon as kickoff approaches on Saturday at Lincoln Financial Field. The Falcons went into Los Angeles and came up with an upset over the three-seed Rams in pretty convincing fashion.
    Zac Brown Band returning to Lincoln this summer

    Zac Brown Band returning to Lincoln this summer

    With his new band, Sir Rosevelt, Zac Brown has a new song, "It Goes On", in the new Chris Hemsworth war film, "12 Strong". The nomination is the ninth for the group's members to go with three Grammy wins.
  • Faultless Saddier, Paisley hold SA Open second round lead

    Faultless Saddier, Paisley hold SA Open second round lead

    But ex-US Masters champions Mike Weir (146) of Canada and Trevor Immelman (149) of South Africa bowed out after the second round. Nearest challenger Kruyswijk, 25, another young golfer eyeing a first European Tour triumph, carded a 67 following a mixed round.
    Mets' Matt Harvey receives slight raise after rocky 2017 season

    Mets' Matt Harvey receives slight raise after rocky 2017 season

    Duda hit.246 with 17 home runs and 37 RBIs with the Mets last season before he was traded to the Tampa Bay Rays in late July. Wheeler, who made $800,000 last season, submitted $1.9 million, while the Mets countered with $1.5 million.
    NZ win toss, batting first vs Pakistan

    NZ win toss, batting first vs Pakistan

    Pakistan need to win this game to keep the five-match series alive, with New Zealand now leading 3-0. His return should add spark to a line-up that has struggled to adapt to the conditions.
  • Ryan: Trump's Remarks About Africa 'Unhelpful'

    Ryan: Trump's Remarks About Africa 'Unhelpful'

    Trump said, according to The Washington Post , the outlet that broke the news. Trump reportedly said: "Why do we need more Haitians? Family.
    Tunisia: 778 arrested for protesting against austerity measures

    Tunisia: 778 arrested for protesting against austerity measures

    According to the Interior Ministry, more than 700 people have so far been detained for clashing with police and inciting "riots". Among the arrested were two radical Islamists who had helped storm a police station in Nefza town, he said.

    Bank of Hawaii Grows Stake in CVS Health Corp (CVS)

    The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Credit Suisse Group reaffirmed a "buy" rating on shares of CVS Health Corporation in a research note on Monday, December 19th.
  • House, Senate divided over GenX bill

    House, Senate divided over GenX bill

    GOP lawmakers scheduled this session three months ago and approved a wide range of topics that could be considered. He said that would enable legislators to further redraw House and Senate districts if directed by a federal court.
    California suspect in fatal hoax 911 call jailed in Kansas

    California suspect in fatal hoax 911 call jailed in Kansas

    There is no update regarding punishment for the Call of Duty player that apparently provided Finch's address as his own. He was booked in Sedgwick County Jail on Thursday afternoon, according to The Wichita Eagle , and his bond is $500,000.
    Raw meat danger to pets and owners

    Raw meat danger to pets and owners

    They should be educated about proper handling of the products and personal hygiene measures, and the products should include warnings and handling instructions, the investigators said.

Comments

Latest news

Chinese Trade With North Korea Plunged by 50 Percent Last Month
Beijing has come under growing pressure from Washington to use its influence to stop Pyongyang's weapons development. China on Friday reported that its trade with North Korea fell 10.5 percent in 2017, compared with the previous year.

Global 18650 Lithium Battery Market 2018- Sony, Eastman, Dongguan Large Electronics
Likewise, the report explains various challenges which affect Flat lithium-ion Battery market expansion. It additionally provides statistical data analysis of the Flat lithium-ion Battery industry globally.

Unusual Activity Spotted in Vonage Holdings (VG) as Shares Move 0.58%
The institutional investor owned 387,651 shares of the exchange traded fund's stock after selling 22,831 shares during the period. The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time.

No More Six-Sided Ring For Impact Wrestling
Brian Cage now joins his fellow Lucha Underground colleagues Johnny Impact, Taya Valkyrie, and Sami Callihan in the Impact Zone. PWInsider reports that Austin Aries returned at the taping and defeated Eli Drake to capture the Impact Global Championship.

Sam's Club Announces Store Closures
Walmart has unveiled plans to close around 10% of its Sam´s Club branded wholesale stores and make thousands of workers redundant. In some cases, employees were not told and showed up Thursday morning to find the store closed and the doors locked.

Knight-Swift Transportation (NYSE:SWFT) Receives Daily Media Sentiment Score of 0.03
The S&P and the Nasdaq snapped a six-day rally after Bloomberg stated that China, the world's biggest holder of U.S. The investor is now holding $4.74 million shares due in part to a decrease of 395293 new shares in their portfolio.

Analysts See $0.71 EPS for American Airlines Group Inc. (AAL)
Mason Street Advisors Llc increased Autonation Inc (NYSE:AN) stake by 23,269 shares to 32,404 valued at $1.54 million in 2017Q3. Thrivent Financial For Lutherans increased its position in American Airlines Group by 0.6% in the second quarter. 7 were sells.

AMP Capital Investors Ltd Boosts Stake in Lennar Corporation (LEN)
Bank Of Nova Scotia increased Union Pac Corp (NYSE:UNP) stake by 127,211 shares to 355,004 valued at $41.17M in 2017Q3. The stock of Microsoft Corporation (NASDAQ:MSFT) earned "Buy" rating by Stifel Nicolaus on Wednesday, July 20.

Pound Sterling Exchange Rates Jump on Soft Brexit Possibilities
Despite a busy and influential week for data next week, the biggest mover of GBP exchange rates will remain to be Brexit. Sterling was up by more than a cent to reach almost $1.37 in today's trading, though it was hovering below €1.13.

Stung by Wolff book, Trump eyes libel laws
Nor did he identify what, exactly, the administration will be "taking a very very strong look at". Trump has not followed up with any lawsuit.

Woman arrested at Heathrow Airport by terror police
United Kingdom counter terrorism officers have arrested a woman on suspicion of plotting a terror attack, Metro.co.uk reported. Britain was hit by a series of terrorist attacks in 2017 that left 36 people dead.

Rapoport: Cardinals likely to interview Steve Wilks second time
NFL.com's Ian Rapoport reports Panthers DC Steve Wilks will forego his planned interview for the Colts' head-coaching vacancy. Wilks does have a connection to the Giants, as their new general manager, Dave Gettleman, previously was GM for the Panthers.

TMC, BJP unleash violence on Vivekananda birth anniversary
On Thursday, the court had appointed two special officers to ensure law and order is maintained during the bike rally. Police sources said that a huge police contingent was rushed to the spot and the situation was brought under control.

Ohio State trooper injured during fight with suspect
An Elyria man bit off a portion of an Ohio State Highway Patrol trooper's ear during a struggle Thursday morning. According to WJW, part of the trooper's ear was bitten off during the confrontation. "I felt helpless.

Revenue Approximations Analysis: Colgate-Palmolive Company (CL), Praxair, Inc. (PX)
Zacks Investment Research lowered Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Tuesday, October 17th. With 3,500 avg volume, 130 days are for INGENICO GROUP SA ORD (OTCMKTS:INGIF)'s short sellers to cover INGIF's short positions.

Other news