Tata Group’s takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected.
In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS — the first privatisation in 20 years.
At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying ? 2,700 crore in cash, by December end.
Israel's government approved a $317 million plan to double the Jewish settler population in the Golan Heights, 40 years after it annexed the territory captured from Syria.
Prime Minister Naftali Bennett's cabinet voted in favour of the plan that aims to build 7,300 settler homes in the region over a five-year period.
It calls for 1 billion Israeli shekels to be spent on housing, infrastructure and other projects with the goal of attracting roughly 23,000 new Jewish settlers to the area, seized during the 1967 Six Day War.
Sri Lanka will ink the long-dragging deal with India to jointly develop the Trincomalee oil tank farms — a coveted project that has remained controversial for decades.
During the Second World War, the British built the Trincomalee oil tank farms to serve as a refuelling station, adjacent to the Trincomalee port, an enviable natural harbour.
If the deal is finalised and signed next month, it will not only mark the culmination of India’s 16-month-long negotiation with the ruling administration but will also give shape to a proposal envisaged 35 years ago, in the Indo-Lanka Accord.
Archbishop Desmond Tutu, the Nobel Peace prize laureate who helped end apartheid in South Africa, has died aged 90.
A contemporary of anti-apartheid icon Nelson Mandela, he was one of the driving forces behind the movement to end the policy of racial segregation and discrimination.
After Mandela became South Africa’s first black president in 1994, Tutu was appointed by him to a Truth and Reconciliation Commission set up to investigate crimes committed by both whites and blacks during the apartheid era.