Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Hardeep Singh Puri, Civil Aviation Minister - PTI
The government is committed to not only divest its stake in Air India and Pawan Hans Helicopters Limited but also see greater participation of the private sector in the management of airports around the country, two senior officials said on Tuesday.
“For us it is not an option, it has to be privatised. There are no two ways about it. That is the correct picture. We have learnt from that experience (previous sale of AI) and it our endevaour now that we will be issuing an Expression of Interest in the coming few weeks. Hopefully, sooner than later and the process of privatisation will then set in,” Hardeep Singh Puri, Minister of State for Independent Charge, Civil Aviation said at a press conference here.
Refusing to draw a time line for the AI sale, the Minister said that the government is trying to do it as quickly as possible. “Whether it happens by March or June……. We do not become slave to or victims of certain deadlines. We are doing it seriously we had a meeting yesterday for several hours. We will have a meeting of the Administrative Mechanism (set up to take the AI divestment forward) in the coming week or weeks. Then we will take the process forward,” he added.
The Minister added the government is in the final stages of completing the divestment of Pawan Hans and the Expression of Interests will be issued in a few days time. “The two are linked. The old process for which bids were received which were not valid and all. The conclusion of that and initiation of the new process are linked. Both decisions will happen together, P.S. Kharola, Secretary Civil Aviation said when asked whether the previous bids had been called off.
The Minister pointed out that the six airports which have been privatised will be paying ₹2300 crore up front to the AAI which will be used to develop other airports.
The government recently awarded the contract for involving the private sector in the operation and management of six airports including Mangaluru, Thiruvanthapuram, Jaipur and Ahmedabad. AAI had sought bids for the operation and management of existing airport assets as well as their upgradation and development of additional air-side terminals, city-side and land-side infrastructure for 50 years
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
There’s no reason to bail out of your fund as long as it’s matching the category average
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
That weekend came the news that Champa’s elder daughter was engaged, the proof arriving in the form of Jaimini ...
“Amma,” Divya yelled from the bathroom. “There’s something in my teeth.”Balakrishnan and Veena froze and ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
For their dead, Parsis practise a 3,000-year-old system where corpses are excarnated in the Tower of Silence, ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor