New Delhi: The government today inducted corporate bigwigs Kumar Mangalam Birla and Y C Deveshwar into the board of Air India, a day after seeking Parliament's approval for supplementary grant for equity infusion in the loss-making national carrier.
The appointment of Birla, head of an over USD 44 billion conglomerate, and Deveshwar, chairman of FMCG giant ITC, is for three years, according to a Personnel Ministry order issued late in the evening.
The government had yesterday sought Parliament's approval for grant of Rs 980 crore as part of equity infusion into Air India under the turnaround plan.
01/08/18 PTI/Business Standard
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The appointment of Birla, head of an over USD 44 billion conglomerate, and Deveshwar, chairman of FMCG giant ITC, is for three years, according to a Personnel Ministry order issued late in the evening.
The government had yesterday sought Parliament's approval for grant of Rs 980 crore as part of equity infusion into Air India under the turnaround plan.
01/08/18 PTI/Business Standard
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