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In "BUSINESS"
NEW DELHI — Tata Sons will take charge of Air India after a winning bid of $2.4 billion, including equity and debt, the government said on Friday, marking the end of years of struggle to privatize the financially troubled airline.Salt-to-software conglomerate Tatas have won the bid to acquire debt-laden state-run Air India offering Rs18,000 crore for acquiring 100 percent shareholding, a senior government official said on Friday.An SPV of Tata Sons — the holding company of conglomerate — has emerged as successful bidder, Tuhin Kanta Pandey, secretary to the Department of Investment and Public Asset Management (DIPAM), the government department responsible for privatization, said.Tata Sons beat SpiceJet promoter to bag Air India. The DIPAM secretary said Tatas' bid of Rs18,000...
October 08, 2021
Tata Sons makes winning bid for Air India: Government
October 07, 2021
Record gas prices slow LNG investment in Asia, North America scrambles on exports
October 06, 2021
Tibyana Labs first in MENA to implement smart sample transport system
October 06, 2021
GPCA conference to spotlight role of responsible care in ‘new normal’
RIYADH — “World for Everyone” is officially inaugurated by Dr. Ali Mohammed Al Doweriej, director general of veterinary health and monitoring, Ministry of Environment Water & Agriculture. Following the inauguration, Dr. Ali stressed on the importance of World Animal Day, saying “Animal welfare is everyone's responsibility.”LuLu Hypermarket in Saudi Arabia launched a ‘Cat Show’, celebrating our pets and their importance in our lives.The promotion runs from Oct. 4 to 10, 2021. across various LuLu Hypermarkets and starts with a loud meow, as there will be a cat show in LuLu Hypermarket, Yarmouk in Riyadh, Ahsa, Khobar, and Jeddah where cat-owners can show off their pets and win exciting prizes for them!“The idea is to promote animal well-being and LuLu’s vision of a...
October 06, 2021
On World Animal Day, LuLu extends support to animals with exclusive cat show
October 05, 2021
OPEC+ sticks to plan for gradual oil production hike as prices soar
October 05, 2021
SAUDIA with SABB and Mastercard launch Revamped ALFURSAN MastercardPlatinum Co-branded Credit Card
October 05, 2021
COVID-19 economic repercussions will remain for years — IMF
October 02, 2021
Breaking records left and right, Argentina’s Vaca Muerta is the world’s quickest growing shale play
October 02, 2021
Nuclear and renewables: Modeling tool to evaluate hybrid energy systems
