National

MLA Amit Satam refutes allegations leveled by Aslam Shaikh and Mayor

Mumbai: Amid an ongoing controversy of naming a small ground, Mumbai after Tipu Sultan, Bhartiya Janta Party MLA, Amit Satam has clarified that when he was chairman of BMC’s ‘Works Committee’ he had never moved any proposal to name any road of Mumbai city after Tipu Sultan. 

Satam has challenged Mumbai Guardian minister Aslam Shaikh and Mumbai Mayor to show proof, of their allegations leveled against him. He said, “If they don’t have any proof against me regarding their allegations that I was involved in moving any proposal to name road against Tipu sultan they should be better prepared to face defamation suit.”

He further asked Aslam Shaikh to clarify, that why during lockdown when everything was shut, Cordelia Cruise was given permission to function. What’s relation Aslam Shaikh has got with that ships questions Satam, he further demanded answer from Aslam Shaikh on why did he endorsed the mercy plea of Yakub Memon who was involved in 1992-93 Mumbai attack?

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National

Air India Back To Tatas After 69 Years

Ashmita Chhabria

New Delhi: As per the latest news on Mirror Now, after 69 years Air India is returned to it’s founder the Tata Group. Except for that mandatory NOC, all the paper work has been completed. 

Earlier today, Tata Sons chairman N Chandrasekaran met Prime Minister Narendra Modi in the national capital before formal takeover of Air India.

Talace Pvt Ltd, a wholly owned subsidiary of Tata Sons Pvt Ltd, won the bid to acquire 100 per cent equity shareholding in Air India.

Tuhin Kant Pandey, secretary, department of investment & public asset management (Dipam) said that the process of Air India disinvestment is closed. The shares have been transferred to Talace Pvt Ltd, which is the new owner of Air India. 

Aviation minister Scindia said, “I am confident that the airline will bloom under their wings, and pave the way for a thriving & robust civil aviation industry in India.” 

A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making Air India. Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, formally took over the airline on Thursday.

With the acquisition, Tata Group has access to a fleet of 117 wide-body and narrow-body aircraft, and 24 narrow-body aircraft of Air India Express.

With this it has got control of 4,400 domestic and 1,800 international landings and parking slots. 

Tata Sons chairman N Chandrasekaran, has said that, “Totally delighted that Air India’s takeover process is complete. We are looking forward to create a world class airlines, by working with everyone.” 

Taking to the twitter, the Airline said, “#FlyAI : Air India Limited, Air India Express & AISATS (AI stake) have become part of the Tata Group today. Senior Officials of @TataCompanies, @SecyDIPAM and @MoCA_GoI met at Airlines House New Delhi.”

Further Tata Group thanks Prime Minister Narendra Modi and says, “The Tata Group would like to acknowledge Prime Minister Narendra Modi’s commitment to reforms and faith in India’s entrepreneurship spirit which made the transition possible, the company said in an official release. Our Prime Minister has in action demonstrated what his commitment to ‘minimum govt, maximum governance’ means.”

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