Tata Group
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Business
Vistara’s Final Flight Marks End of an Era as Airline Merges with Air India
As the last boarding announcements filled the air at Kempegowda International Airport in Bengaluru, travelers on Vistara’s final flight took their seats, surrounded by the airline’s signature aubergine interiors. With a sentimental tone, Captain Adarsh Mohan informed passengers that this would be his final flight under the Vistara name, symbolizing the end of the airline’s independent operations as it officially…
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Business
Vistara to Cease Operations as Merger with Air India Nears Completion
The merger between Vistara and Air India is nearing completion, with Vistara set to cease operations on November 11, 2024. This follows the Indian government’s approval of Singapore Airlines’ ₹2,058.5 crore investment in the Air India Group. The merger is part of Tata Group’s strategy to consolidate its aviation interests, bringing Vistara—originally a Tata-Singapore Airlines joint venture—into the Air India…
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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
Bikaji Foods Targets Expansion, Not for Sale
Indian snack manufacturer Bikaji Foods is not on the market for acquisition and is instead actively seeking to expand its presence in the growing savoury snacks industry in India, according to a statement from a senior executive. The savoury snacks sector in India has seen substantial growth as consumers increasingly indulge in packaged foods. “Bikaji is not for sale, no…
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Business
Karnataka inks MoU with Tata Group for First of Its Kind R&D Facility in India
Bengaluru: The Government of Karnataka and Tata Group companies of Air India and Tata Advanced Systems Limited (TASL) signed an MoU (memorandum of understanding) on Monday for an investment of Rs 2,300 Crore which is estimated to create about 1,650 direct employments. The agreement was signed in the presence of Siddaramaiah and Large and Medium Industries Minister MB Patil at…
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