Finance ministry says no decision on Air India sale after report cites Tata Sons as winner

The finance ministry has termed reports suggesting the government has picked a winning bid for the debt-laden state-run airline Air India as incorrect.

A Bloomberg report claimed that a panel of ministers accepted a proposal from officials recommending salt-to-software conglomerate Tata Sons ahead of an offer from Ajay Singh, promoter of India’s airline operator Spicejet Ltd.