The disinvestment process of the national carrier Air India entered its last stage with the Tata group and SpiceJet promoter Ajay Singh submitting financial bids. Vodafone Idea received a big relief on Wednesday after the Cabinet cleared a proposal for telcos.
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Tatas, Ajay Singh submit bids to acquire Air India
The Tata group and SpiceJet promoter Ajay Singh have submitted financial bids for acquiring Air India as the disinvestment process of the debt ridden national carrier entered its final stage. This comes three years after a failed attempt