Days before the #AirIndia bid, #Tatas give #AirAsia a ‘national’ tag

businessinsider.in/business/corpo…

By @navdeepyadav321
#TataGroup hikes its stake in #AirAsia India, buys additional 32.67% stake for $37.66 million (₹276 crore).
#TataGroup now holds 83.67% stake in the venture, with an option to acquire the rest 16.33% stake for $18.83 million.

#AirAsia
This move comes as the race for #AirIndia’s divestment heats up, with its second phase beginning on January 5. #TataSons has filed an expression of interest to rescue the cash-strapped national carrier.

#AirAsia
The company has been unprofitable since its launch in 2014. In FY20 results, #TataSons said that the pandemic completely eroded the #AirAsia India net worth, and its auditor raised the red flag about the JV’s ability to continue.
The #TataGroup also invested nearly ₹490 crore in #AirAsia India in FY20, while the JV posted a loss of ₹317 crore in the same period.

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More from @BiIndia

30 Dec
@pabsgill The #OxfordAstraZeneca COVID-19 vaccine has received the green stamp from #UK authorities for emergency use. It is expected to start rolling out the vaccine from January 4.

#CovidVaccine
@pabsgill This could spell good news for India, who has been keeping its eye on the #UK, while its own approval of the vaccine is pending.

#OxfordAstraZeneca #CovidVaccine
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30 Dec
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By @SanchDash Image
@zomato @delhivery @policybazaar @SanchDash Multiple Indian startups like @zomato, @delhivery @policybazaar, @FreshworksInc, @Flipkart, @MyNykaa are reportedly eyeing the public markets in 2021.

#TechIPO #IPOs
@zomato @delhivery @policybazaar @SanchDash @FreshworksInc @Flipkart @MyNykaa India’s market regulator Securities and Exchange Board of India (SEBI) too is looking to ease norms to facilitate startup #IPOs in the country.

#TechIPO
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30 Dec
India detects 14 new cases of UK #COVID19Strain, putting the tally at 20

businessinsider.in/india/news/ind…

By @pabsgill Image
Twenty people with the new strain of COVID-19 have been detected in India, with 14 cases emerging in the last 24 hours, according to the India’s Health Ministry.

#CovidStrain
Samples from Delhi show the highest frequency with eight cases testing positive for the new strain in the national capital, followed by NIMHANS in Bengaluru with seven positive cases. Image
Read 6 tweets
29 Dec
#COVID19vaccines will work against new #MutantStrains of the virus, according to Indian government

businessinsider.in/india/news/cov…

By @pabsgill
➡️India detected its first six cases of the new #COVID19 strain in UK returnees on December 29. According to the Indian government, this is not a cause for concern as far as vaccines as concerned.
➡️“There is no evidence that current vaccines will fail to protect against COVID-19 variants reported from the UK or South Africa,” said K Vijayraghavan, the principal scientific advisor to the Indian government.
Read 10 tweets
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Active #COVID19 caseload slips to 2.7 lakhs after 6 months; cumulative positivity rate is at 6.02 per cent: Health ministry

(PTI)
52 per cent of #COVID19 cases so far have been recorded in the age group of 18-44 years, says Health ministry

(PTI)
70 per cent of all deaths due to #COVID19 have been reported among men: Health ministry

(PTI)
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29 Dec
From uprooting mobile towers to cries of #BoycottJio— the farmers’ protests in India are heating up and spreading far and wide

businessinsider.in/india/news/fro…

#FarmersProtest
It’s been over a month since #farmers arrived at the border of India’s national capital, #NewDelhi, to protest the country’s three new contentious #FarmLaws.

#FarmersProtest
The critical sixth round of talks scheduled to take place on December 29 has now been postponed to December 30 at the government’s request.

#FarmersProtest
Read 11 tweets

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