India selling Air India to Tata conglomerate: government

The Indian government has agreed to sell the heavily-indebted Air India to the Tata conglomerate for 180 billion rupees ($2.4 billion), the finance ministry said Friday. Tuhin Kanta Pandey, head of the government privatisation department, said that Talace Pvt Ltd, a subsidiary of the Tata conglomerate, won the bidding for...

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