Beware, don't let Tata buy Air India

-


-Subrahmanyam Swami warned

-If you let them take me, I will go to court

New delhi date. Friday 14 August 2020

BJP MP Subramanian Swamy had vehemently opposed the Tata Group's desire to buy Air India and its readiness to bid by the end of this month and threatened to go to court over the matter. It may be recalled that Air India was founded by JRD Tata. Swamy had alleged that a money laundering case was filed by the Enforcement Directorate against Airlines Air Asia, a joint venture between the Tata Group and the Malaysian company. Also in Dubai, the company financed a terrorist. Swami also spoke about Nira Radia tape. Swamy had earlier filed a case against Air Asia in the matter and also demanded revocation of its flying license. Swamy also alleged that if the Tata company itself is mired in debt, then on what basis is it talking about buying Air India?

A spokesman for the Tata Group chose to speak on the issue for the first time and said it was true. We are considering bidding to buy Air India. However, we want to make this bid alone. We do not want to buy Air India in anyone's partnership. The Tata Group has a 51 per cent stake in Air Asia.

Air India was started by JRD Tata in 1932 and was then known as Tata Airlines. It was nationalized after World War II in 1946 and renamed Air India in 1962.

In the last few years, the financial transactions of these airlines have deteriorated due to skyrocketing and exorbitant expenses like Aasmaan Sultani and the airlines are running at a huge loss. The Modi government decided to sell it and suggested bidding to companies around the world.

The Tata group also thought in this direction and considered bidding. After receiving this information, Subramanian Swamy was outraged and threatened to go to court if the Tata group was allowed to bid.


Comments

Post a Comment

Popular posts from this blog

Covid-19 effect: Significant increase in demand for second hand cars in the country

-
Image
Mumbai, May 26, 2020, Tuesday As lockdowns are being phased out across the country, the use of private vehicles using public transport to reach their destinations is on the rise. The increasing use of private vehicles has also increased the demand for cars, especially secondhand cars. Demand for second-hand cars is unprecedented. Inquiries for second-hand cars have almost doubled during the lockdown period compared to the time before the lockdown, according to a survey of about 100 dealers and car buyers. Demand for used cars at dealers has been strong in the last few weeks, and is expected to grow as the lockdown eases. Consumers are increasingly interested in buying second-hand cars, especially smaller ones, due to lower income levels and health-related safety, said an organized second-hand car dealer. Inquiries for a particular vehicle, which used to be around 15 per cent before the lockdown, have now doubled to 5 per cent. Inquiries for new vehicles have fallen from 21 per cen...
Read more

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more