The Tatas will be paying an upfront cash component of Rs 2,700 crore while assuming a debt of Rs 15,300 crore, the deal is expected to be completed by December...
The core group of secretaries has held several rounds of discussions, and is learnt to have suggested the salt-to-software conglomerate as the most suitable candidate...
The financial bids submitted by Tata Sons through its subsidiary Talace Pvt Ltd and a consortium led by SpiceJet chairman Ajay Singh is likely to be opened on Wednesday...
The airline said not only will pilot salaries 'increase significantly' under the new structure but those who fly more than the stipulated minimum hours will be paid overtime...
The US-based aircraft manufacturer would compensate SpiceJet for the grounding of the B737 MAX, which was grounded globally following two fatal accidents...