India News
Rs 18,000 crore bid gets Tata Sons control of Air India after 68 years
To take over the ownership of the Air India, the Tata Sons will pay Rs 18,000 crore for the Maharaja, outbidding a consortium led by Spice Jet’s Ajay Singh who had bid Rs 15,100 crore. The transaction is expected to be done by the end of December this year.
Tata Sons on Friday regained control of the government airline Air India nearly 70 years after its nationalisation. Tata Group already owns about 84% stake in AirAsia India and 51% in Vistara.
Ending its several years of struggle to privatise the financially troubled airline, the Tata Sons has emerged as the winning bidder to take over the control of Air India.
Till August 31, Air India, which serves 42 international destinations, had a total debt of Rs 61,562 crore.
The company had placed a winning bid of Rs 18,000 crore to re-acquire the 100% stakes of the airline. The government had started evaluating the bids for the debt-laden national carrier earlier last week.
To take over the ownership of the Air India, the Tata Sons will pay Rs 18,000 crore for the Maharaja, outbidding a consortium led by Spice Jet’s Ajay Singh who had bid Rs 15,100 crore. The transaction is expected to be done by the end of December this year.
Over the years, the Central government have tried selling the money guzzling airline. The govt will get Rs 2,700 crore in cash from the Air India sale. The rest is the government’s debt, which Air India will take over.
Air India first began as Tata Air Services in 1932. The airline returned to Tata after 68 years now.
Read Also: Kapil Sibal slams PM Modi for being silent over Lakhimpur Kheri violence
The process of Air India’s sale began in July 2017 and the government has received 7 expressions of interest by December last year, the Finance Ministry’s Department of Investment and Public Asset Management (DIPAM) announced on Friday.
The DIPAM secretary said a group of ministers comprising Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal and Civil Aviation Minister Jyotiraditya Scindia had cleared the winning bid for Air India on October 4.
In other India News, A bomb blast at Shiite mosque in the Afghan city of Kunduz has left several casualties today during Friday prayers took away at least 50 people lives.
India News
Enforcement Directorate says Arvind Kejriwal is deliberately eating mangoes, sweets, taking sugar with tea to increase his blood sugar level and create ground for bail
The Enforcement Directorate (ED) made the claim before special judge for ED and CBI cases, Kaveri Baweja, who gave directions to the Tihar jail authorities to file a report in the matter which should also include Kejriwal’s diet chart.
The Enforcement Directorate told the court on Thursday that Delhi Chief Minister Arvind Kejriwal, arrested in liquor policy case, is taking high sugar intake like mangoes and sweets every day deliberately in spite of suffering from type 2 diabetes so that he can create grounds for medical bail. The Enforcement Directorate (ED) made the claim before special judge for ED and CBI cases, Kaveri Baweja, who gave directions to the Tihar jail authorities to file a report in the matter which should also include Kejriwal’s diet chart.
Kejriwal had moved court and also sought permission to consult his regular doctor via video conference because his sugar levels were fluctuating. The judge directed the authorities concerned to file the report by tomorrow, when the court will take up the matter again.
Advocate Vivek Jain, counsel for Delhi CM Arvind Kejriwal responded to the ED’s argument and said this is an issue made by Enforcement Directorate so that home-cooked food should also be stopped. He said this would have a major impact on his health. Advocate Jain added that whatever Kejriwal is eating is as per his doctors prescribed dietary chart. He said the matter is sub judice and they do not have anything to say.
Advocate Vivek Jain objected to the Enforcement Directorate’s submission and said that the agency is making these allegations only for the media. He said that some toffee and other things are given to diabetic patients so that they can maintain their sugar levels. Jain added that Kejriwal is withdrawing his application and will file a better one later.
AAP minister Atishi Marlena said that Arvind Kejriwal had fallen ill and lost about 4.5 kg since his arrest on March 21. She addressed a press conference where the AAP leader said, Arvind Kejriwal is a severe diabetes patient but he never lets his health issue come as the way of his in the service to the nation.
India News
Enforcement Directorate seizes Shilpa Shetty’s husband Raj Kundra’s properties worth Rs 97 crore
The Enforcement Directorate said in a statement that the Mumbai zonal office of ED has provisionally attached immovable and movable properties of Kundra under the provisions of Prevention of Money Laundering Act (PMLA), 2002.
The Enforcement Directorate on Thursday seized businessman Raj Kundra’s properties worth Rs 97.79 crore. The siezed properties include a residential flat in Mumbai’s Juhu, which is named after his wife and Bollywood actor Shilpa Shetty. The Enforcement Directorate said the seized properties include another property which is a residential bungalow in Pune and Equity shares in the name of Raj Kundra.
The Enforcement Directorate said in a statement that the Mumbai zonal office of ED has provisionally attached immovable and movable properties of Kundra under the provisions of Prevention of Money Laundering Act (PMLA), 2002. The Enforcement Directorate began the investigation on the basis of a number of FIRs which were registered by Delhi Police and Maharashtra Police. It is being said that Kundra collected large sums of money in the form of bitcoins which were worth Rs 6,600 crore in 2017 from the public with the false promises of 10 % monthly return in the form of bitcoins.
The ED said that it was planned that the collected bitcoins will be used for bitcoin mining and investors will get to get a large return in Crypto assets. But the promoters cheated the investors as they concealed the ill-gotten bitcoins in obscure online wallets. The Enforcement Directorate revealed in its investigation that Raj Kundra received 285 bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi Scam Amit Bhardwaj for setting up bitcoin mining farm in Ukraine.
The Enforcement Directorate in its statement said that the bitcoins were sourced out of proceeds of crime collected by Amit Bhardwaj from gullible investors. Since the deal did not go through, so Kundra is still in possession and enjoyment of 285 bitcoins which are valued at more than Rs 150 crore. Earlier a number of search operations were conducted in connection with this case, leading to the arrest of three people — Simpy Bhardwaj on December 17, 2023, Nitin Gaur on December 29, 2023, and Nikhil Mahajan on January 16, 2023.
India News
Religious outfit vandalises The Blessed Mother Teresa High School in Telangana after teachers object to students wearing Hanuman Deeksha dress
The Religious group broke glass windows and flower pots and pelted stones on the statue of St. Mother Teresa at the school’s entrance. The religious outfit also attacked Father Jaimon Joseph, the school manager.
A religious group shouting Jai Shri Ram has vandalised a Catholic school and assaulted a priest in Telangana’s Mancherial district on Tuesday. The saffron mob staged protest and vandalised The Blessed Mother Teresa High School in Kannepally village. They broke glass windows and flower pots and pelted stones on the statue of St. Mother Teresa at the school’s entrance. The religious outfit also attacked Father Jaimon Joseph, the school manager.
The priest who is a member of the Missionary Congregation of the Blessed Sacrament (MCBS) said some of members of the mob even slapped and threw punches at him while others attacked him from behind. The religious outfit accused the school management of not allowing Hindu students to wear their religious costumes. The school authorities said the allegation made by the mob is misleading and has no truth in it.
Earlier, the students who wore religious costumes had informed the school principal that it was part of a 21-day special religious practice. The principal said he had only asked the students to bring their parents to school after noticing that they are not wearing the school uniform.
Later, members of the religious outfit started protesting outside the school. They demanded action should be taken against the management for stopping the students from entering the school and appearing for their annual examinations as they were wearing the Hanuman deeksha dress.
The priest said soon after the video started circulating on social media and became viral with hate messages against Christians. After this incident many Hindus reached the school and vandalized it. A complaint has been lodged at the local police station by the school management, but no arrests have been made so far. Instead of taking action against the miscreants, the police have filed a case against the school management for hurting religious sentiments of the local people.
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