Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Singapore Airlines will make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India post-merger of Vistara in November. The merger, announced on November 29, 2022, and set to be completed on November 11, 2024, will result in Singapore Airlines having a 25.1% stake in the enlarged Air India. Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49% shareholding. Vistara's last flight will take off tomorrow i.e. November 11, 2024. Singapore Airlines (SIA) Group on Friday said its consideration for the merger comprises the 49% interest in Vistara and Rs 20,585 million (Rs 2,058.5 crore) in cash in exchange for a 25.1% equity interest in the enlarged Air India. Post-merger, SIA expects to recognize a non-cash accounting gain of around 1.1 billion Singapore dollars and also start equity accounting for its share of Air India's financial results. According to a release on Friday, the merger includes an agreement for SIA to contribute its share of any funding previously provided by Tata prior to the completion of the merger, together with relevant funding costs up to Rs 5,020 crore that would allow it to maintain a 25.1% stake in Air India. "SIA's additional capital injection is expected to be Rs 31,945 million (equivalent to SGD 498 million), based on Tata's funding to Air India to date. This will occur after the completion of the merger and within November 2024 through subscription to new Air India shares. "Future capital injections will be considered based on Air India's requirements and available funding options," according to the release issued while announcing the airline's financial performance for the six months ended September 2024. The merger of Vistara with Air India will mark a major consolidation in the fast-growing Indian aviation space. SIA said the merged entity will have a significant presence across all key Indian air travel segments, including domestic, international, full-service, and low-cost operations. "This will strengthen SIA's multi-hub strategy, allowing it to continue participating directly in India's large and fast-growing aviation market," it added. Recently, Air India and SIA agreed to significantly expand their codeshare agreement, adding 11 Indian cities and another 40 international destinations to their network.

Singapore Airlines to invest additional Rs 3,195 cr in Air India post-Vistara merger

<ul><li><keyword id="23134822" type="General" weightage="20" keywordseo="Amazon-Great-Indian-Festival" source="keywords">Amazon Great Indian Festival</keyword> begins on September 27 for all</li><li>Prime users get early access to the sale</li><li>Apple's <keyword id="21240170" type="General" weightage="100" keywordseo="MacBook-Air-M1" source="keywords">MacBook Air M1</keyword> will be available at a special discount</li></ul> Amazon's Great Indian Festival begins this Friday and as we get closer to the shopping fiesta, people are eager to know about the deals that will be available. For Prime members, the sale begins a day early, on September 26. Several gadgets including smartphones, laptops, TWS earbuds etc will be available at attractive prices during the deal. If you are thinking of buying a laptop during the <keyword id="20586627" type="General" weightage="20" keywordseo="Amazon-sale" source="keywords">Amazon sale</keyword>, here's some good news. The website recently teased a deal on the MacBook Air M1. <h2>MacBook Air 1 to get discounted during Amazon Great Indian Festival</h2>The MacBook Air M1 will be available at a huge discount during the Amazon sale. The laptop, which originally launched in India at a price of ₹92,990, is set to become much more affordable during the upcoming festive sales. Currently listed on Amazon at ₹62,990, the laptop will see a significant price drop to ₹55,990 during the sale period. Moreover, shoppers using select bank cards will benefit from an instant discount of ₹3,000, bringing the price further down. <div type="Article" hostid="261" msid="113214171" title="iPhone 16 Pro with A18 Pro chip launched: Should you upgrade if you own an iPhone 15 Pro?" mstype="2" mssubtype="0"></div> For those who are Amazon Prime members, there's an additional perk. Prime members who act quickly during the first few hours of the sale can enjoy an extra ₹3,000 off as part of an early bird offer. This means the price of the MacBook Air M1 could drop as low as ₹49,990 for some customers, making it one of the most enticing offers in the market for a high-end <keyword id="23291511" type="General" weightage="20" keywordseo="Apple-laptop" source="keywords">Apple laptop</keyword>. <h2>Reasons to buy the MacBook Air M1 in 2024</h2>The MacBook Air M1 may not be Apple's latest model, but it remains a popular choice for both students and professionals due to its solid performance and long-lasting support from Apple. Powered by Apple's M1 chipset, the laptop features an 8-core CPU, with four performance cores and four efficiency cores. This combination allows the device to handle daily tasks with ease, while using far less power than traditional laptops, making it energy-efficient as well. The MacBook Air M1 has a 13.3-inch Retina display, boasting a 2560x1600 resolution. This crisp display makes it ideal for watching videos, editing photos, or simply browsing the web. Despite being launched a few years ago, it still packs enough power to meet the demands of everyday tasks, whether that’s work, study, or entertainment. One of the standout features of this laptop is its battery life. Apple claims that the MacBook Air M1 can last up to 18 hours on a single charge, which is more than enough for a full day of use without needing to reach for the charger. This makes it an excellent choice for people on the go, as it offers portability alongside top-tier performance. In terms of its build, the MacBook Air M1 has a sleek, minimalistic design, in line with Apple’s aesthetic standards. It features an aluminium finish that gives it a premium look and feel, while remaining lightweight at just under 1.3kg. This makes it easy to carry, whether you’re heading to the office, travelling, or attending classes. Apple is known for offering long-term support for its devices, and the MacBook Air M1 is no exception. This means that buyers can expect software updates and security patches for several years, extending the usability and lifespan of the laptop. For anyone considering investing in a laptop, this is an important factor, as it ensures that the device will not become obsolete anytime soon. SEE ALSO: <a href="https://www.businessinsider.in/tech/article/from-firewire-in-macs-to-type-c-in-iphones-the-apple-connect/articleshow/112734982.cms" data-type="tilCustomLink" target="_blank">From FireWire in Macs to Type-C in iPhones - the Apple Connect</a> <a href="https://www.businessinsider.in/tech/article/elon-musk-to-tim-cook-a-morning-in-the-lives-of-big-tech-ceos/articleshow/113599807.cms" data-type="tilCustomLink" target="_blank">Elon Musk to Tim Cook: A morning in the lives of big tech CEOs</a>

Apple MacBook Air M1 to be available under ₹50,000 on Amazon, how to get the deal

Have India’s air travel and hospitality industries recovered post-covid?

Singapore: <keyword id="20036942" type="General" weightage="100" keywordseo="Singapore-Airlines" source="keywords" meta.keywordsubtype="org" meta.entityname="Singapore Airlines" meta.hostid="83" meta.entityid="Singapore Airlines">Singapore Airlines</keyword> on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of <keyword id="20018887" type="General" weightage="20" keywordseo="Vistara" source="keywords" meta.keywordsubtype="org" meta.entityname="Vistara" meta.hostid="83" meta.entityid="Vistara">Vistara</keyword> with <keyword id="19896871" type="General" weightage="20" keywordseo="Air-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Air India" meta.hostid="83" meta.entityid="Air India">Air India</keyword>, a deal that will create one of the world's largest airline groups. With the clearance in place, the merger that will see Singapore Airlines acquiring a 25.1 per cent stake in Air India, is expected to be completed by the end of this year. The proposed merger was announced in November 2022. Air India is owned by <keyword id="19924335" type="General" weightage="20" keywordseo="Tata-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Group" meta.hostid="83" meta.entityid="Tata Group">Tata Group</keyword> and Vistara is a 51:49 joint venture between Tatas and Singapore Airlines. In a regulatory filing on Friday, Singapore Airlines (SIA) said it has received approval from the Government of India for Foreign Direct Investment (FDI) into the enlarged Air India as part of the proposed merger. "The FDI approval, together with anti-trust and merger control clearances and approvals, as well as other governmental and <keyword id="19941849" type="General" weightage="20" keywordseo="regulatory-approvals" source="keywords">regulatory approvals</keyword> received to-date, represent a significant development towards the completion of the proposed merger," the airline said in the filing to the Singapore Stock Exchange. The airline also said the completion of the merger continues to be subject to compliance by the parties with applicable Indian laws, which is currently expected to be completed in the next few months. "At this juncture, completion of the proposed merger is anticipated to occur by the end of 2024," it added. According to Singapore Airlines, the parties are in discussions to extend the long stop date for the completion of the merger. Earlier, it was expected to be October 31, 2024. The merger, which will create one of the biggest airline groups, was approved by the National Company Law Tribunal (NCLT) in June. In March, Singapore's competition regulator CCCS gave a conditional nod for the proposed deal. Prior to that in September 2023, the deal received approval from the Competition Commission of India (CCI), subject to certain conditions. "SIA will make the necessary announcement(s) upon completion of the proposed merger or in the event that there are other significant developments," the filing said on Friday.

You Searched For "air indians" and got 4 results

Singapore Airlines to invest additional Rs 3,195 cr in Air India post-Vistara merger

PTI

Apple MacBook Air M1 to be available under ₹50,000 on Amazon, how to get the deal

Divyanshi Sharma

Have India’s air travel and hospitality industries recovered post-covid?

Prerna Tyagi

Singapore Airlines gets FDI nod from Indian govt for Vistara-Air India merger

PTI

Popular Keywords

Buying Guides