Ratan Tata
Air India's divestment complete; Tata Sons takes over control
The Centre on Thursday handed over the management control of national carrier Air India to a subsidiary of Tata Sons. With this Air India's strategic disinvestment was complete after the Centre received a consideration of Rs 2,700 crore from the 'Strategic Partner' -- Talace -- which is a wholly owned subsidiary of Tata Sons. Besides the upfront payment, Talace will retain a debt of Rs 15,300 crore.
Tata Motors' consolidated Q2 FY22 loss widens to over Rs 4,441 cr
The consolidated net revenue rose by 14.7 per cent YoY to Rs 61,379 crore. On a standalone basis, the company posted a comprehensive net loss of Rs 536.93 crore for the September quarter.It had registered a net loss of Rs 1,141.36 crore in the same period last fiscal.
'Welcome back, Air India', says Ratan Tata
In a throwback of the journey the airline has taken so far, Ratan Tata, the Chairman Emeritus of Tata Sons, on Friday tweeted an old photograph of the company's former Chairman J.R.D. Tata getting down from an Air India aircraft, minutes after Tata Sons won the bid to regain control of the airline.
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