regulatory approval
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Business
Vistara to Merge with Air India as Singapore Airlines Gains FDI Approval
Singapore Airlines (SIA) announced on Friday that it has secured approval from the Indian government for foreign direct investment, marking a crucial step in the merger of its 49% joint venture, Vistara, with Air India. This move is part of SIA’s strategy to integrate Vistara into Air India, which is owned by Tata, to establish a leading full-service airline with…
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Business
Disney and Reliance Secure Approval for $8.5 Billion Merger, Set to Form India’s Largest Entertainment Company
Walt Disney Co. and Reliance Industries have secured regulatory approval for an $8.5 billion merger of their media assets in India, paving the way to establish the country’s largest entertainment powerhouse. * Viacom18, primarily owned by Reliance, operates 40 television channels, including well-known brands like Comedy Central, Nickelodeon, and MTV. * Viacom18 holds the broadcasting rights for domestic and international…
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