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AIRASIA TATA
AirAsia sells remaining stake in India biz to AIAirAsia India's journey started in 2014 when the Tata Group joined hands with Tony Fernandes, owner of the AirAsia Group, to enter the low-...- Tata may have to write off AirAsia India's lossTata-owned Air India proposes to acquire 100% of AirAsia India and has sought Competition Commission of India approval. Tata Sons owns 83.6...
- CCI approves acquisition of AirAsia India by Air IndiaCCI approved the acquisition of AirAsia India by Air India. It is based on the request made to the Indian Competition Commission, where Air...
- Tata Sons to increase its stake in AirAsia India to 83.67%ET reported the deal online early Tuesday evening. Subsequently, AirAsia Berhad made an announcement of its share sale on the Kuala Lumpur ...
- Tatas to stop paying dues to AirAsia if airline fails to invest in JV by December 31AirAsia India, a 51:49 JV where Tata is the controlling shareholder, owes AirAsia Berhad Malaysia ₹489 crore as per its latest available fi...
- AirAsia may exit India, end JV with Tata SonsMalaysian carrier AirAsia said on Tuesday that it is reviewing its India operations run in partnership with Tata Sons, signalling a possibl...
- Tata Sons in talks to buy AirAsia's 49% in joint venture“AirAsia, because of its financial difficulties, is not keen on infusing capital into the India JV. It wants the JV to take on debt to run ...
- Auditors of Tata Sons raise concerns about AirAsia India, Tata Steel Europe businessesRaises concerns about the ability of companies to continue as ‘a going concern’. AirAsia India’s losses widened to Rs 332 crore in the quar...
- Tatas gaining upper hand in decision-making at AirAsia India, says sourceTatas are gaining upper hand in steering the no-frills carrier with its own executives in most senior positions.
- Tatas raise stake in AirAsia India to 51%This is the first time since the airline’s inception in 2014 that Tata group has become the largest shareholder.
- Tata Trusts chief, ex-CEO of TCS exit AirAsia IndiaThe changes in the shareholding structure are believed to be a function of the central investigative action.
- Tata Sons wants to fly out of joint venture with AirAsiaTata is set to exit AirAsia India and run the only full-service private airline, which is Vistara-plus-Jet.
- Cyrus Mistry ‘miserably failed’ to prove AirAsia chargeThe firms submitted that this deal was struck with Hamid Reza Malakotipour, who has been classified as “suspected and UN-sanctioned alleged...
- Venkataramanan will stay on AirAsia Board, says Tata SonsVenkataramanan has been named by the CBI for alleged manipulation of government policies to get licence to fly international routes.
- AirAsia's alleged fraudulent transactions come under CBI lensCBI sources said the agency is scrutinising material about the allegations and a final call to register a preliminary enquiry or an FIR wil...
- AirAsia executives alerted board, Tatas about lapses in business practicesIndian rules allow foreign airlines to own up to 49% in domestic airlines but effective management control must remain with the Indian part...
- AirAsia India appoints TCS' S Ramadorai as ChairmanS Ramadorai is the Non-Independent, Non-Executive Vice Chairman of TCS. On May 15, AirAsia announced the name of its new CEO Mittu Chandily...
- Ratan Tata to be the chief advisor to AirAsia IndiaAggressive pricing would be its trump card; to announce new chairman today
- Ratan Tata to be chief advisor to AirAsia India board"Persuading Tata to be advisor has not been easy. Critical, we have someone of his massive experience to help me chart Airasia India," Tony...
- Ajit Singh warns of trouble even as AirAsia joint venture gets FIPB approvalAjit Singh has been hinting at impending procedural issues for the AirAsia-Tata JV ever since the proposal got FIPB clearance on March 6.
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