Final Bids For Air India Disinvestment Today; Tata, SpiceJet In Race

The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as Aviation Minister Jyotiraditya Scindia made it clear that September 15 date for the process is fixed and will not change. After failing to find any buyer for a 76 per cent stake in Air India in…

Sensex, Nifty flat as investors remain cautious; SpiceJet shares drop

Indian shares were little changed on Monday, as cautious investors weighed a possible slowdown in the world’s second-largest economy, while budget carrier SpiceJet dropped after reporting a wider quarterly loss. By 9:33 am, the blue-chip NSE Nifty 50 index was down 0.06% at 16,519.70 and the benchmark S&P…