Govt denies reports of Tata Sons winning Air India bid

News Network
October 1, 2021

New Delhi, Oct 1: Sources of union government have denied the reports that Tata Sons has won the bid for national carrier Air India

Bloomberg earlier reported that a panel of ministers accepted a proposal recommending Tata Sons's bid for debt-laden state-run airline Air India ahead of an offer from Ajay Singh, promoter of India's airline operator Spicejet Ltd, the report said. 

The Secretary of the Department of Investment and Public Asset Management (DIPAM), however, has denied any such development. "Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the Government decision as and when it is taken," the Secretary, DIPAM, said in a tweet. 

A spokesperson for Tata Sons declined to comment. A finance ministry spokesperson did not immediately respond to a Reuters message seeking comment, while Air India declined to comment.

Prime Minister Narendra Modi's government has been pushing to sell its entire interest in the loss-making airline, kept aloft by a bailout since 2012.

The government loses nearly Rs 20 crore every day to run the national carrier, which has accumulated losses of over Rs 70,000 crore ($9.53 billion), officials have said.

An effort to auction a majority stake almost three years ago drew no bids, forcing the government to ease the terms. It had also extended the deadline multiple times due to the pandemic.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 20,2026

Mangaluru: In a major step towards strengthening rural innovation, the Office of the Principal Scientific Adviser (PSA) to the Government of India is supporting the establishment of RuTAGe Smart Village Centres (RSVCs) across the country through collaborations with academic institutions, civil society organisations and philanthropic partners.

As part of this national initiative, Nitte (Deemed to be University) will set up the first RSVCs in the region at Nitte GP in Udupi district and at the Nitte Health Centre, Sevanjali Trust, Farangipete, in Dakshina Kannada district. The centres will be inaugurated on January 21. In South India, the programme is being implemented by the Section Infin-8 Foundation (SI-8).

Speaking to reporters on Monday, SI-8 founder-director Vishwas US said experts from Nitte University and SI-8 would work closely with farmers, students, youth and local entrepreneurs to adapt and deploy technologies tailored to local needs.

Project head Prof Iddya Karunasagar, representing Nitte DU, said the RSVCs at Nitte and Farangipete would serve as demonstration hubs for a wide range of agriculture, energy, skill-development and assistive technologies. These include solar dryers for fruits, vegetables and crops; soil-testing solutions; power weeders and women-friendly farm tools; wind-powered devices for rural artisans; grain storage systems; grass-cutting and tree-climbing equipment; and liquid fertiliser production using cowshed waste.

SI-8 CEO Aravind C Kumar said the centres would also provide access to digital and knowledge-based platforms such as ISRO applications, government scheme portals, market linkage tools and gamified learning resources, along with assistive technologies for persons with visual impairments.

Highlighting the broader impact of the initiative, Principal Scientific Adviser Prof Ajay Kumar Sood said it demonstrated how applied research could bridge the rural–urban divide and help create self-reliant, technology-enabled villages.

The initiative has been made possible through philanthropic support from Dr NC Murthy of ACM Business Solutions, LLC, USA. Dr Sapna Poti, Director (Strategic Alliances) at the Office of the Principal Scientific Adviser, said the long-term objective is to build self-sufficient, technology-driven communities capable of generating sustainable livelihoods on their own.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 19,2026

New Delhi: Setting speculation to the rest, the CPI(M) has made it clear that it is open to have an electoral understanding with the Congress “to defeat” the Trinamool Congress and the BJP in West Bengal Assembly election even as it is all set to take on the grand old party in Kerala accusing it of “found wanting” in fighting the Hindutva forces.

The CPI(M) also said that it will contest the Tamil Nadu election “with DMK and its allies to defeat the BJP and its allies”, amid a section in the Congress triggering confusion about its participation in the M K Stalin-led coalition over demand over power-sharing and more seats. It is also willing to join hands with Congress and others in Assam and Puducherry to defeat the BJP.

The decisions came at a three-day meeting of the CPI(M) Central Committee in Thiruvananthapuram, which ended on Sunday after reviewing the poll preparations in the poll-bound states.

The CPI(M)'s decision came even as a section led by West Bengal Congress president Subhankar Sarkar is averse to tying up with the Left Front, claiming that their party is not benefitted by the electoral understanding. Both Congress and CPI(M)-led Left Front had electoral understanding in 2016 and 2021 Assembly elections and 2024 Lok Sabha polls.

Congress and the Left Front fought together for the first time in 2016 when Congress won 44 seats and the CPI(M) got 26. In 2021, the Left Front and the Congress drew a blank. In the 2024 Lok Sabha polls, Congress managed to win one seat while the Left did not win any. In the 2019 Lok Sabha polls, both fought against each other with Congress winning two and the Left none.

“In Bengal, the party will work for the defeat of both the TMC and the BJP, which are trying to polarise the society. We will try to rally all the forces that are ready to work against them,” the CPI(M) said in a statement without naming Congress by name. Senior leaders said there is no change in its strategy of pooling all non-BJP, non-TMC votes.

However, the party was critical of the Congress in Kerala where both will fight against each other.

The CPI(M) said it would "expose the BJP-led Union government’s denial of rightful dues to Kerala, the fiscal constraints imposed and the overall attack on federalism" as also "expose the failure of the Congress to effectively counter this attack on federalism, as the largest opposition party in the Parliament".

"The Congress, especially in Kerala, was found wanting in the fight against communal RSS-BJP, ideologically and this will also be exposed before the people," it added.

In Assam, it said, the CPI(M) will work for the mobilisation of all the anti-BJP parties and forces and defeat the rabidly communal and divisive BJP government. The Left parties are cooperating with Congress in the north-eastern state. In Puducherry, it said it will work for the defeat of the BJP alliance government.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 7,2026

BCCI1.jpg

Mangaluru: In a decisive move aimed at reshaping the economic future of the Beary community, the Bearys Chamber of Commerce and Industry (BCCI) formally launched its Youth Wing at a well-attended ceremony held at Ocean Pearl Hotel, Mangaluru on January 6. Bringing together business leaders, professionals, policymakers, and young aspirants, the event highlighted a shared resolve to build the community through entrepreneurship.

Delivering the keynote address, BCCI General Secretary Mohammed Imthiyaz outlined the motivation behind the formation of the chamber and its newly launched Youth Wing. He candidly spoke about the structural and mindset gaps that have historically held back the Beary community as a business force when compared to other established trading communities in India. These shortcomings, he said, can only be addressed through focused mentoring, collective effort, and by encouraging the younger generation to think beyond conventional boundaries.

“The future lies in empowering our youth to lead from the front and position the Beary community among India’s strongest business communities,” he said.

Guest speaker Yezdani Feroze delivered a thought-provoking address, asserting that the Beary community has the potential to lead Indian Muslims through trade and entrepreneurship. He stressed that success is not merely a reward for hard work, but for clear thinking, describing entrepreneurs as “professional thinkers.”

“The ummah cannot afford to produce more job seekers,” he said. “We need job creators, innovators, and history makers.”

Highlighting the power of ideas, Feroze reminded the audience that every invention—from mobile phones to everyday furniture—was once just an idea someone chose not to abandon. He called for the establishment of idea forums to nurture young entrepreneurs and help transform concepts into viable enterprises.

The programme also featured the felicitation of M A Gafoor, newly appointed Chairman of the Coastal Development Authority, and Shahid Thekkil, Chairman of the Karnataka Minimum Wage Board Commission. Thanking the organisers, Gafoor reaffirmed his commitment to the development of coastal Karnataka, with a special focus on boosting tourism. Shahid Thekkil expressed confidence that BCCI would play a pivotal role in producing a new generation of entrepreneurs from the community.

Presiding over the event, S M Rashid Haji officially announced the inauguration of the Youth Wing and emphasised that the initiative goes far beyond symbolic launches or routine meetings.

“This is about building entrepreneurs and investing in long-term community development,” he said.

Four coordinators were appointed to lead the Youth Wing: Zeeshan Ramlan (CEO, Talentzy), Ashhar Abdul Razak (Hajjaj Group), Ayaan Haris, and Muhammed Shahbaz.

The event brought together prominent business leaders, professionals, policymakers, and young aspirants, underscoring a shared vision of entrepreneurship-led community growth. 

Earlier, the programme included the recitation of the Holy Quran by Badruddin Panambur. Nissar Fakeer Mohammed, Secretary of BCCI, welcomed the gathering and served as the Master of Ceremony. The event concluded with a vote of thanks by BCCI Treasurer Mansoor Ahmed.

BCCI6.jpg

BCCI5.jpg

BCCI4.jpg

BCCI3.jpg

BCCI2.jpg

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.