Conglomerate Tata Group bids for debt-stricken Indian national carrier

India's tea-to-steel conglomerate Tata Group confirmed Wednesday it has submitted a bid to buy debt-crippled national carrier Air India, which it owned decades ago before the airline was nationalized. The Indian government has sought to sell its entire stake in the ailing company, setting a deadline for bids for Wednesday after failing previously to secure any interest for a majority share. "We have put in a bid," a Tata Group spokesperson told AFP late Wednesday, without giving… (www.yahoo.com) Mehr...