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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

Last week, it was reported that India’s smartphone market is experiencing a robust growth, with shipments increasing by 3% YoY and market value rising 12%. Counterpoint’s Monthly India Smartphone Tracker research said that the growth was due to a shift towards premium smartphones. Now, these statistics certainly paint an exciting picture for brands waiitng to launch their high-end smartphones in the market. iQOO is one such brand. The smartphone company is gearing up to launch the iQOO 13, and its launch date was confirmed by its CEO recently. So, when is the smartphone launching? What could be its price? What are the expected specs? Read on as we answer all these questions for you. <h2><keyword id="23914793" type="General" weightage="100" keywordseo="iqoo-13-india" source="Orion">iQOO 13 India</keyword> launch date and expected price </h2> Nipun Maurya, iQOO India’s CEO, confirmed in a tweet that the phone will launch on December 3, 2024. In his tweet, Maurya wrote, “The countdown begins! #iQOO13 is almost here—get ready to #BeTheGOAT!” iQOO’s decision to launch the iQOO 13 in December positions it squarely against other big players like Samsung and OnePlus. This flagship is expected to compete head-on with the likes of the OnePlus 11 and the Galaxy S24, both of which are equipped with premium specs. Fans will be able to purchase the iQOO 13 via Amazon India or iQOO’s official store. It will also be available in a limited Legend Edition, with BMW-inspired blue-red color patterns, adding a unique touch to its design. Talking about the price, the phone is expected to come with a price tag of under Rs 50,000. <h2>iQOO 13 china launch </h2> The iQOO 13 was officially launched in China on October 31, 2024, featuring the newly introduced Qualcomm Snapdragon 8 Elite chipset and OriginOS 5.0. The pricing for the device starts at CNY 3,999 (around ₹47,200) for the 12GB RAM/256GB storage variant. Other configurations include a 12GB/512GB model for CNY 4,499 (₹53,100), a 16GB/256GB variant for CNY 4,299 (₹50,800), a 16GB/512GB option at CNY 4,699 (₹55,500), and the high-end 16GB/1TB model priced at CNY 5,199 (₹61,400). <h2>iQOO 13 expected specs </h2> If the India specs of the phone remain same as the phone launched in China, the iQOO 13 could come packed with impressive specs, including a 6.82-inch 2K LTPO AMOLED display with a 144Hz refresh rate and a peak brightness of 4500 nits, promising vibrant visuals for everything from gaming to streaming. The phone is said to be powered by the Snapdragon 8 Elite processor, supported by up to 16GB of RAM and a massive 1TB of storage—making it ideal for heavy multitaskers and gamers alike. Notably, iQOO is reportedly delivering serious upgrades with the iQOO 13, incorporating an ultrasonic in-display fingerprint sensor for faster and more secure unlocking. This is combined with an expected 6,150mAh battery and 120W fast charging. Coming to camera, the phone is expected to come with a triple rear camera setup with a 50MP primary sensor, a 50MP ultra-wide lens, and a 50MP telephoto lens. In the front, the phone might come with a 32MP camera will appeal to selfie lovers. In addition to this, the phone Is also expected to come with a IP68 dust and water resistance rating.

iQOO 13 is launching in India on December 3: Expected India price, specifications and all you need to know

<keyword id="20018887" type="General" weightage="100" keywordseo="Vistara" source="keywords" meta.keywordsubtype="org" meta.entityname="Vistara" meta.hostid="346" meta.entityid="Vistara">Vistara</keyword> will operate the last flight under its brand on November 11 and the full-service carrier's operations will be unified with <keyword id="19896871" type="General" weightage="20" keywordseo="Air-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Air India" meta.hostid="346" meta.entityid="Air India">Air India</keyword> from November 12. The government has given its nod for the foreign direct investment by <keyword id="20036942" type="General" weightage="20" keywordseo="Singapore-Airlines" source="keywords" meta.keywordsubtype="org" meta.entityname="Singapore Airlines" meta.hostid="346" meta.entityid="Singapore Airlines">Singapore Airlines</keyword> as part of the Air India-Vistara <keyword id="20035800" type="General" weightage="20" keywordseo="merger" source="keywords">merger</keyword>. Vistara is a joint venture between <keyword id="19924335" type="General" weightage="20" keywordseo="Tata-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Group" meta.hostid="346" meta.entityid="Tata Group">Tata Group</keyword> and Singapore Airlines. Air India is owned by Tata Group. "Starting 03 September 2024, customers will, progressively, no longer be able to make bookings with Vistara for travel on or after 12 November 2024," Vistara said in a release on Friday. Thereafter, Vistara aircraft will be operated by Air India and bookings for the routes operated by these planes will be redirected to Air India's website. "Vistara will continue to take bookings and operate flights as usual till 11 November 2024," the release said. The merger of Vistara with Air India was announced in November 2022 and post-completion of the deal, Singapore Airlines will have a 25.1 per cent stake in Air India. Vistara CEO Vinod Kannan said the merger is about offering passengers more choice with a larger fleet and a wider network while elevating the overall travel experience. "Cross-functional teams from Air India and Vistara have been working together for many months to make the transition of aircraft, flying crew, ground-based colleagues and, most importantly, our valued customers, into the new Air India as seamless as possible," Air India CEO and MD Campbell Wilson said. In a separate release, Air India welcomed the Union Cabinet's approval for the foreign direct investment by Singapore Airlines in the airline. "This is an important milestone that facilitates the merger process between Vistara and Air India, and the broader transformation of the Air India Group," it said.

Vistara to operate last flight under its brand on November 11

<keyword id="19958500" type="General" weightage="20" keywordseo="Oppo" source="keywords" meta.keywordsubtype="org" meta.entityname="Oppo" meta.hostid="261" meta.entityid="Oppo">Oppo</keyword>’s latest flagship lineup, the Find X8 series, is ready to make its India debut on November 21 following its global launch in Bali, Indonesia. This much anticipated lineup includes two models, the Find X8 and Find X8 Pro. Ahead of the global launch, Oppo confirmed certain details of the smartphone and it is expected to be packed with advanced features tailored to enhance photography, performance, and design aesthetics. Oppo Find X8 and Find X8 Pro expected specs The Indian variants of the Find X series look similar to the Chinese variants that were launched last month. The Find X8 is crafted for those seeking a compact, powerful device, weighing just 193g and measuring 7.85mm thin, featuring a 6.59-inch display with ultra-slim bezels. The Find X8 Pro, on the other hand, provides a larger 6.78-inch screen with an edge-to-edge design and a unique Pearl White finish with distinct patterns on each unit, making each phone one-of-a-kind. Both models in the series feature Oppo’s <keyword id="23674358" type="General" weightage="20" keywordseo="Hasselblad-Master-Camera-System" source="keywords">Hasselblad Master Camera System</keyword> with the “AI Telescope Zoom,” promising high levels of zoom without compromising quality. The Find X8’s standard model is expected to come equipped with a 50MP main camera by Sony, alongside a 50MP ultra-wide and a 50MP telephoto lens. For selfies, a 32MP front camera could be included. The Pro version on the other hand, adds a second 50MP main sensor and an enhanced telephoto lens capable of 6x optical zoom. Powered by the <keyword id="23484345" type="General" weightage="20" keywordseo="MediaTek-Dimensity-9400" source="keywords">MediaTek Dimensity 9400</keyword> chipsets, both the Find X8 and Find X8 Pro are expected to last for an entire day on a single charge. Pre-book offers and expected price Oppo is also rolling out a Pre-Reserve Pass for early buyers, providing them with a range of bonuses, including Oppo Enco Air 3 Pro earbuds, a SuperVOOC car charger, and more, valued at around ₹13,847. Additional incentives such as discounts, EMI options, and an extended warranty make the deal even more attractive. While prices in India haven’t been confirmed, the Find X8 series is expected to be competitively priced, aligning with its launch price of approximately CNY 3,999 (₹47,200) in China.

Oppo Find X8 series launching in India on November 21: Expected specs, price

<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

<ul><li><keyword id="19906087" type="General" weightage="20" keywordseo="hyundai" source="keywords">Hyundai</keyword> Motor India Limited is set to debut in India's stock market.</li><li>The IPO will open on October 15, making it the first car company in over two decades to go public in India.</li><li>Here’s everything you need to know about the South Korean automaker ahead of its IPO.</li></ul> Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai Motor Company is all set to make its stock market debut in India as its initial public offering (IPO) opens on October 15. This will be the first market outside South Kores where the country is listed. Hyundai, which entered the Indian market in 1996 is one of the top automakers in India, moving between the second and third spots. The company emerged as the second biggest automaker in Hyundai. Since it entered the Indian market, the company has sold over 80 lakh cars in the country. Hyundai intends to establish India as a global manufacturing and export hub for the company and this might be an initial step in this direction. KFin Technologies is the registrar for the public issue and advisors for the issue include Kotak Investment Banking, Citi, HSBC, JP Morgan and Morgan Stanley. <h2>India’s biggest IPO</h2>Hyundai India is looking to raise ₹27,870 crore from the IPO, significantly higher than the ₹21,008 crore raised by the state-owned Life Insurance Corporation of India (LIC) in 2022, making it the biggest IPO in India’s history. <div type="Article" hostid="261" msid="111690863" title="The biggest IPOs in India’s history – LIC to Paytm, companies that have raised the most funds" mstype="2" mssubtype="0"></div> <h2>About the IPO</h2>The upcoming IPO from Hyundai is entirely an offer for sale (OFS), with the company looking to offload up to 17.5% of shares, which is 14.22 crore shares with a price band of ₹1865 to ₹1,960 per share. Bids can be made in a lot size of 7 shares or multiples of 7 shares. The IPO opens on October 15 and will close on October 18. While the allotment will be finalised on October 18, the shares will be listed on the stock exchange on October 22. At the upper end of the price band, Hyundai Motor India will be valued at $18 billion (approx. ₹1.6 lakh crore), which is around 40% of its parent company, Hyundai Global’s $45 billion valuation. As it is entirely an OFS, the company won’t receive any funds and all the funds raised will go to Hyundai Global. However, the company has said that part of the funds will be allocated towards research and development, especially in electric vehicles (EVs) and hybrid technologies. The company has reserved 7.78 lakh shares with a value of ₹131 to ₹138 crore for employees. Employees will get these shares at a discount of ₹186 per share. <h2>First carmaker in over two decades to go public</h2>In addition to being the biggest IPO in the country’s history, this will also make the company the first car maker to go public in India in over two decades. The last car maker to go public was Maruti Suzuki, which held its IPO in 2003. <div type="Article" hostid="261" msid="114120828" title="The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?" mstype="2" mssubtype="0"></div> With the IPO, the company will join other car makers such as Maruti Suzuki, Tata Motors and Mahindra &amp; Mahindra to be listed in the Indian stock market. <h2>Hyundai in India</h2>The Indian market contributes to around 15% of the company’s global sales and is the third biggest market for the company after the United States and South Korea. The company has already invested around $5 billion in the country and plans to invest an additional $4 billion over the next few years. Company’s financials <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period ended </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">PAT </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mar-22 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹47,966.05 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,901.59 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mar-23 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹61,436.64 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,709.25 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mar-24 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹71,302.33 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,060.04 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">June-24 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17,567.98 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,489.65 </td></tr></tbody></table> Amount in ₹ crore Hyundai recorded a revenue of ₹71,302.33 crore in FY24, up from ₹61,436.64 crore in FY23 and ₹47,966.05 crore in FY22. During the 3-month period from April to June 2024, the company earned a revenue of ₹17,567.98 crore. The company recorded a profit after tax (PAT) of ₹6,060.04 crore in FY24, up from ₹4,709.25 crore in FY23 and ₹2,901.59 crore in FY22. The company recorded a PAT of ₹1,489.65 crore from April to June 2024. “Hyundai Motor India is seeking a slightly higher premium to Maruti and lower to M&amp;M based on price earnings ratio while Hyundai stands to be expensive in terms of price to book value. Hyundai India justifies its premium ask considering its leadership in SUV sales, world-class brand image followed by better safety ratings, Multi-segment growth visibility largely been driven by its popular SUVs, particularly the Creta, Exter, and Venue models in the Indian market,” said Prashanth Tapse, Senior VP (Research), Mehta Equities. <h2>Hyundai paid ₹10,780 crore dividend in FY24</h2>Ahead of the IPO, Hyundai paid a ₹10,780 crore dividend in FY24, up from ₹4,653.42 crore dividend in FY23 and ₹1,493.45 crore dividend in FY22. With this, the company’s cash and bank balance has declined from ₹17,741.15 crore a year ago to ₹9,017.35 crore. <div type="Article" hostid="261" msid="113925972" title="September Auto sales – Automakers report a decline, Mahindra and Mahindra overtakes Tata Motors" mstype="2" mssubtype="0"></div> “As a result, our ability to utilise our internal accruals and cash and bank balances has been reduced. Any resultant insufficiency in our internal accruals and cash and bank balance may require us to borrow money to meet our growth requirements and incur borrowing costs, which may adversely impact our profitability, financial ratios and results of operations,” the company said in its Red Herring Prospectus (RHP). <h2>Declining grey market premium</h2>Grey market premium (GMP) is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. In essence, it is the premium above the issue price of a share. The GMP of Hyundai has been on a decline, from ₹570 around two weeks ago to ₹130. <h2>Key risks to remember</h2>Here are some of the key risks that the business faces: <h3>Rising part prices</h3>There has been an increase in prices of key vehicle parts over the years, especially chipsets. A further rise in price may impact the company’s profitability in the coming years. <h3>Production disruptions</h3>The company has said that any disruption to its Chennai plant will adversely impact the production and the company’s finances. <h3>Supplier dependency</h3>Another risk to keep in mind is the company’s dependency on its suppliers. Any disruption in its supply chain will adversely impact its production and profitability. <h3>Competition</h3>Hyundai alternates between the second and third position in the Indian car market. An increase in competition, with the increased sales of Mahindra and Mahindra, the company faces a new competitor. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-september-2024-maruti-suzuki-dominates-with-seven-cars/slidelist/114112295.cms">Top selling cars in India in September 2024 – Maruti Suzuki dominates with seven cars</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms">Samsung leads the first phase of festive sales with a 20% market share</a>

Hyundai IPO review – Everything you need to know about India’s biggest IPO

<ul><li><keyword id="596" type="General" weightage="20" keywordseo="Hyundai" source="Orion">Hyundai</keyword> Motor India received approval from SEBI for its initial public offering (IPO).</li><li>The automaker is expected to raise $3 billion (approx. ₹25,000 crore) through its IPO.</li><li>This will make it the biggest IPO in India, beating the state-owned Life Insurance Corporation of India’s IPO.</li></ul> Hyundai Motor India Limited (HMIL), the Indian arm of the South Korean automaker Hyundai has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The automaker had<a href="https://www.businessinsider.in/stock-market/news/hyundai-motor-india-files-draft-papers-with-sebi-for-indias-biggest-ipo/articleshow/111014559.cms"> filed papers</a> with SEBI in June 2024 and has finally received approval. The company plans on raising $3 billion (approx. ₹25,000 crore) at a valuation of $20 billion. The company established its first manufacturing plant in India in 1998, followed by a second plant in 2008. In FY24, Hyundai Motor India was the country’s second-largest carmaker after Maruti Suzuki. Hyundai is offering 14.2 crore shares with a face value of ₹10 each, which is around 17.5% stake in the company. While there is no official announcement yet, the IPO is expected to hit the street in October 2024. "The objects of the offer are to carry out the Offer for Sale of up to 142,194,700 Equity Shares of the face value of Rs 10 each by the Promoter Selling Shareholder and to achieve the benefits of listing the Equity Shares on the Stock Exchanges," the company said in the DRHP. <div type="Article" hostid="261" msid="111519009" title="Reliance Jio IPO – Mukesh Ambani-led telco might be gearing up for India’s biggest IPO" mstype="2" mssubtype="0"></div> This will make the <keyword id="20457114" type="General" weightage="100" keywordseo="Hyundai-ipo" source="Orion">Hyundai IPO</keyword> the country’s biggest IPO, beating the state-owned Life Insurance Corporation of India’s (LIC) $2.7 billion (approx. ₹21,000 crore) listing in 2022. That is until Reliance Jio’s IPO hits the street. Jio is expected to raise around ₹55,000 crore from the market. Hyundai has become the first car maker to go public in India in over two decades. The last car maker to go public was Maruti Suzuki, which held its IPO in 2003. Apart from this, Tata Motors and Mahindra and Mahindra are listed in the Indian stock market. Over the past year, Hyundai Motor Group has announced new investment plans in India totalling approximately $3.75 billion. The company has already invested around $5 billion in the country. India is the third biggest market for the company, after the US and South Korea. <div type="Article" hostid="261" msid="113016216" title="August auto sales – Maruti Suzuki, Tata Motors and others report a decline in sales" mstype="2" mssubtype="0"></div> Hyundai emerged as the second biggest automaker in August 2024 with nearly 50,000 cars sold during the month. A Reuters report revealed that the company plans on launching its first India-made electric vehicle in the country in 2025. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/krn-heat-exchanger-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113653270.cms">KRN Heat Exchanger IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/stock-market/news/sebi-report-reveals-the-ugly-truth-of-fo-trading-in-india-93-of-retail-traders-incurred-losses/articleshow/113620397.cms">SEBI report reveals the ugly truth of F&amp;O trading in India – 93% of retail traders incurred losses</a> <a href="https://www.businessinsider.in/business/auto/news/tata-nexon-ev-with-a-bigger-battery-launched-starting-at-13-99-lakh/articleshow/113631992.cms">Tata Nexon EV with a bigger battery launched starting at ₹13.99 lakh</a>

Hyundai Motor India’s ₹25,000 crore IPO gets SEBI approval – India’s biggest IPO expected to launch in October

Delhi continued to battle with air pollution for the 10th consecutive day post-Diwali as a dense layer of smog blanketed parts of the national capital on Sunday. Several parts of the national capital recorded very poor air quality levels on Sunday morning as per the data issued by the System of Air Quality and Weather Forecasting And Research (SAFAR-India). Today morning, Anand Vihar recorded an AQI of 351, Bawana 383, CRRI Mathura Road 323, Dwarka Sector 8 at 341, IGI Airport at 326, ITO 328, Lodhi Road 319, Mundka at 358, Najafgarh at 341, New Moti Bagh at 394, Okhla phase-2 at 339, RK Puram at 368, and Wazirpur at 366, as per SAFAR-India data. As of 5 pm on November 10, Delhi's AQI stood at 334, with Anand Vihar at 353, Dilshad Garden at 262, and Jahangirpuri at 377. For tomorrow, AQI in adjoining cities of Noida and Gurugram is forecasted to be at 208.92 and 77.51, respectively. Multiple visuals from Delhi's Kartavya Path showed the area surrounding India Gate engulfed by a layer of smog. The AQI in the area was recorded at 357 as of 7 am. High-rise buildings were also covered in smog in the Kalindi Kunj and surrounding locality, as the AQI was recorded as 323 in the area. An AQI is considered "poor" between '200 and 300', "very poor" at '301 and 400', "severe" at '401-450," and 450 and above is "severe plus." As the air pollution levels in the national capital reach "very poor," doctors say that even people with no history of respiratory diseases are suffering from breathing issues. Dr. Nikhil Modi, Senior Consultant for Respiratory Critical Care at Apollo Hospital, told ANI that apart from the regular patients, those who haven't had any respiratory issues in the past are showing up with symptoms such as runny noses, sneezing, coughing, and having increasing difficulties breathing. As it is, respiratory illnesses in the national capital are estimated to have shot up by around 15-20%. The Apollo doctor further suggested that the government close the schools for children as they remain vulnerable. Whenever the pollution levels have gone beyond a certain limit, the government has opted to close the schools, Dr. Modi said. "For the last few years, we have been seeing that the government has taken action. Whenever this pollution level has gone beyond a certain limit, they have opted to close the schools. This is important because children are from a vulnerable group. As adults, we are masked and can protect ourselves better, but children usually are not that effectively taking these measures. Secondly, their lungs are still in developing stages, so they are bound to have more harm due to this pollution," the doctor told ANI. Siddharth Singhal, Head of Health Insurance, Policybazaar.com, notes that while most standard health plans in India cover pollution-related ailments, it is always advised to also go for an OPD plan along with a health insurance plan to cover consultations, medications, and diagnostic tests that may be required frequently due to pollution. "Pollution levels in Delhi-NCR and some other parts of India have shot up post Diwali. Effects of this are very evident in the form of sore throats and breathing problems, among others. This can also result in respiratory ailments and chronic conditions like asthma, bronchitis, Chronic Obstructive Pulmonary Disease (COPD), pneumonia, and severe cases of respiratory or bronchial obstruction. Health insurance becomes critical to cover such expenses. Most policies typically cover emergency hospitalization for respiratory issues like asthma or COPD exacerbations requiring ICU or critical care," he adds.

Layer of smog covers Delhi as air quality remains 'very poor'. Here's why you need an insurance cover for this

Gurugram: <keyword id="22345435" type="General" weightage="20" keywordseo="TATA-SIA-Airlines-Limited" source="keywords" meta.keywordsubtype="org" meta.entityname="TATA SIA Airlines Limited" meta.hostid="261" meta.entityid="TATA SIA Airlines Limited">TATA SIA Airlines Limited</keyword>, known by the brand name of <keyword id="20018887" type="General" weightage="20" keywordseo="Vistara" source="keywords" meta.keywordsubtype="org" meta.entityname="Vistara" meta.hostid="261" meta.entityid="Vistara">Vistara</keyword> announced its merger with <keyword id="19896871" type="General" weightage="20" keywordseo="Air-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Air India" meta.hostid="261" meta.entityid="Air India">Air India</keyword> on Friday. The company said in a statement that customers will not be able to make <keyword id="19916663" type="General" weightage="20" keywordseo="bookings" source="keywords">bookings</keyword> with Vistara for travel on or after November 12. "Starting 03 September 2024, customers will, progressively, no longer be able to make bookings with Vistara for travel on or after 12 November 2024," the company said. However, Vistara will continue to take bookings and operate flights as usual till 11 November 2024. All Vistara aircraft will be operated by Air India and bookings for the routes operated by these aircraft will be redirected to Air India's website, the company informed. During this transition period, both Vistara and Air India will ensure necessary support, consistent communication, and convenience to all customers, every step of the way. Vinod Kannan, Chief Executive Officer, Vistara, said, "We are immensely grateful to all our customers for their support and patronage over the last 10 years. As we progress further in our growth journey, we want to emphasize that this merger is about offering them more choice with a larger fleet and a wider network, while elevating the overall travel experience. Vistara and Air India are committed to ensuring that this transition is smooth and hassle-free. We are excited about this new phase in our journey and look forward to welcoming our customers again soon - as Air India." Campbell Wilson, Chief Executive Officer &amp; Managing Director, Air India, said, "Cross-functional teams from Air India and Vistara have been working together for many months to make the transition of aircraft, flying crew, ground-based colleagues and, most importantly, our valued customers, into the new Air India as seamless as possible. The joint team looks forward to offering our guests an expanded network, additional flight options, an enhanced frequent flyer program and the best of both antecedent airlines and are grateful for the support of our loyal customers through this next phase of building a world class, world scale, global airline with an Indian heart." On August 10, Both companies secured the CAR (Civil Aviation Requirement) 145 approval from the Directorate General of Civil Aviation (<keyword id="19899185" type="General" weightage="20" keywordseo="dgca" source="keywords">DGCA</keyword>) to integrate their aircraft line maintenance operations, as per an official release.

Vistara-Air India merger: Bookings for Vistara to stop from Sept 3, unified operations start from Nov 12

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.

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

<ul><li><keyword id="19914172" type="General" weightage="20" keywordseo="Sony" source="keywords" meta.keywordsubtype="org" meta.entityname="Sony" meta.hostid="261" meta.entityid="Sony">Sony</keyword> is reportedly gearing up to launch the <keyword id="20673043" type="General" weightage="100" keywordseo="PS5-Pro" source="keywords">PS5 Pro</keyword></li><li>The console is expected to come with 2 TB storage</li><li>It might also be relatively quieter</li></ul> The PS5 is a popular choice for many gamers out there and has reportedly sold over 59 million units since its launch in 2020. And now, gamers across the world are eagerly waiting for its more powerful successor, the PS5 Pro. In the last few days, rumours about the PS5 Pro have been surfacing in full swing, adding to the excitement of millions of gamers out there. As per recent reports, the PS5 Pro might come with 2 TB of storage and could also be a quieter machine. <h2>PS5 Pro new rumours </h2>An episode of the Broken Silicon podcast by popular YouTuber Moore's Law is Dead revealed that a PS5 Pro devkit has already been seen by insiders. This devkit reportedly features 2TB of storage, which aligns with similar moves by Microsoft, who is also preparing to launch a 2TB version of the Xbox Series X. While it's not guaranteed that this storage capacity will make it to the final retail version, it’s a promising indication of what Sony might be planning. Another standout feature of the PS5 Pro devkit is its cooling and power management. As per the podcast, the PS5 Pro will use the same two-prong power connector as the original PS5, suggesting that the new console won't require significantly more power. In the podcast, Moore's Law is Dead also speculated that the upcoming console could be "a very quiet and cool running machine." <div type="Article" hostid="261" msid="112797993" title="PlayStation 5 Pro might launch soon, developers reportedly delaying their games to wait for the console" mstype="2" mssubtype="0"></div> The current PS5 is known for its large fan, which can get quite noisy, so any improvements in this area would likely be welcomed by users. If these rumors hold true, the PS5 Pro could offer gamers not just more storage but also a better overall gaming experience with less noise and improved cooling. Adding to the speculation, leaker @billbil_kun also hinted on Twitter that exciting news about a new version of hardware is on the way, which many believe could be related to the PS5 Pro. Earlier, gaming industry insider Jeff Grubb mentioned that Sony might announce the PS5 Pro during a potential State of Play event, rumoured to be held by the end of September 2024. <h2 style="margin-bottom: 0.7em; line-height: 1.3; color: rgb(0, 0, 0); font-size: 24px; background: 0px 0px; text-rendering: optimizelegibility;"><keyword id="22919749" type="General" weightage="20" keywordseo="ps5-pro-rumours" source="Orion">PS5 Pro rumours</keyword> during <keyword id="22919747" type="General" weightage="20" keywordseo="Gamescom-2024" source="keywords">Gamescom 2024</keyword></h2>Earlier, developers at the recent Gamescom 2024 event in Cologne were reportedly dropping hints about the console that suggested that the PS5 Pro launch could be near. The first clues surfaced during a live stream by the Italian website Multiplayer, where a developer revealed that their game had been delayed due to the upcoming launch of the PS5 Pro. This revelation quickly caught the attention of industry insiders, who began piecing together information that points towards an imminent release. A reporter from WCCFtech also supported this story, adding that they had also spoken with developers who had received the specifications for the PS5 Pro. These developers expressed confidence that the new hardware would significantly improve the performance of games built using Unreal Engine 5, a powerful game engine that has become increasingly popular among developers. SEE ALSO: <a href="https://www.businessinsider.com/guides/tech/ps5-digital-vs-disc?IR=T" data-type="tilCustomLink" target="_blank">PS5 digital vs. disc edition: Which PlayStation 5 is best for you?</a> <a href="https://www.businessinsider.in/tech/news/playstation-portal-launched-in-india-at-a-price-of-rs-18990-all-details/articleshow/112223221.cms" data-type="tilCustomLink" target="_blank">PlayStation Portal launched in India at a price of Rs 18,990, all details</a>

PS5 Pro could make lesser noise, expected to have 2TB storage: All we know

A squad full of debutants, free from past baggage will aim to ace the ultimate test of their lives when the shooting competition of the <keyword id="4833237" type="General" weightage="100" keywordseo="Paris-Olympics" source="Orion">Paris Olympics</keyword> begins in the sleepy French town of Chateauroux on Friday. <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> has won four Olympic medals in shooting out of its overall tally of 35 but none in the last two editions of the Summer Games, putting the additional pressure of expectations on the record 21-member Indian contingent based in central France. The national shooting federation, National Rifle Association of India (<keyword id="19910689" type="General" weightage="20" keywordseo="NRAI" source="keywords" meta.keywordsubtype="org" meta.entityname="NRAI" meta.hostid="261" meta.entityid="NRAI">NRAI</keyword>), chose current form over pedigree to pick the squad for the mega event and it will be hoping they hit the bullseye at the <keyword id="22557904" type="General" weightage="20" keywordseo="National-Shooting-Centre" source="keywords" meta.keywordsubtype="org" meta.entityname="National Shooting Centre" meta.hostid="261" meta.entityid="National Shooting Centre">National Shooting Centre</keyword> here. Even the quota winners were made to battle out in the trials with the inexperienced Sandeep Singh pipping 2022 world champion Rudranksh Patil, who had secured India's quota in the 10m air rifle. Patil wrote to NRAI proposing his selection in the team despite finishing behind Sandeep in the trials, but the federation stuck to its guns. The athletes have been training away from the hustle and bustle of <keyword id="19916613" type="General" weightage="20" keywordseo="Paris" source="keywords">Paris</keyword> and that could work in their favour come competition day. Barring <keyword id="20241095" type="General" weightage="20" keywordseo="manu-bhaker" source="keywords">Manu Bhaker</keyword>, Aishwary Pratap Singh Tomar, Anjum Moudgil and Elavenil Valarivan, all will experience the biggest sporting stage for the first time. India will have representation in all 15 shooting events. It is not just peak performance on the day that matters in the Olympics, luck too plays a major part. The 22-year-old Bhaker, who has won a bagful of medals in world events, had a stroke of bad luck at the Tokyo Games where her weapon malfunctioned in 10m <keyword id="20105950" type="General" weightage="20" keywordseo="air-pistol" source="keywords">air pistol</keyword> qualification and she could not recover from that setback. She will be taking part in three disciplines - 10m air pistol, 25m pistol and 10m pistol mixed team. India's main challenge will come from China who are also fielding 21 shooters across disciplines. Another women shooter to watch out for will be Sift Kaur Samra, who won the 50m rifle three positions gold at the Asian Games. Moudgil, one of the seasoned pros in the squad, is making a comeback and will lineup alongside Sift in the women's 50m rifle three positions. Twenty-year-old Rhythm Sangwan will be participating in two events, women's 10m air pistol alongside Bhaker and the 10m air pistol mixed team. "The preparation has been going good. The range is beautiful. I was a little upset staying away from main village in Paris. It is not as I expected but I am here for the competition and win and not pass any comments on the Games Village. Olympics is the biggest stage out here," said Sangwan. Among the male participants, only Tomar has been part of the Olympics before. Tomar, member of the gold winning team at the 2023 World Championships, will be seen in the men's 50m rifle three positions alongside Swapnil Kusale. The male debutants who have a decent international experience include Anish Bhanwala, Sarabjot Singh, Arjun Babuta, Arjun Singh Cheema and Vijayveer Singh. Gagan Narang, the 2012 Olympic bronze medallist who is here as India's chef de mission, is backing the shooters to end the <keyword id="22557903" type="General" weightage="20" keywordseo="medal-drought" source="keywords">medal drought</keyword> in this edition. "My first Olympic experience was in 2004 and I remember at that time, we were not as confident as we are today. There is genuine belief that we are at par with the best in the world," said Narang. The biggest test of the shooters' lives awaits. Full squad Rifle: Men's 10m air rifle: Sandeep Singh, Arjun Babuta Women's 10m air rifle: Elavenil Valarivan, Ramita Jindal Women's 50m rifle 3 positions: Sift Kaur Samra, Anjum Moudgil Men's 50m rifle 3 positions: Aishwary Pratap Singh Tomar, Swapnil Kusale 10m air rifle mixed team: Sandeep Singh/Elavenil Valarivan, Arjun Babuta/Ramita Jindal Pistol: Men's 10m air pistol: Sarabjot Singh, Arjun Cheema Women's 10m air pistol: Manu Bhaker, Rhythm Sangwan Men's 25m rapid fire pistol: Anish Bhanwala, Vijayveer Sidhu Women's 25m pistol: Manu Bhaker, Esha Singh 10m air pistol mixed team: Sarabjot Singh/Manu Bhaker, Arjun Singh Cheema/Rhythm Sangwan Shotgun: Men's trap: Prithviraj Tondaiman Women's trap: Rajeshwari Kumari, Shreyasi Singh Men's skeet: Anantjeet Singh Naruka Women's skeet: Maheshwari Chauhan, Raiza Dhillon Skeet mixed team: Anantjeet Singh Naruka/Maheshwari Chauhan.

You Searched For "last date for air india" and got 12 results

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

PTI

iQOO 13 is launching in India on December 3: Expected India price, specifications and all you need to know

Divyanshi Sharma

Vistara to operate last flight under its brand on November 11

PTI

Oppo Find X8 series launching in India on November 21: Expected specs, price

Divyanshi Sharma

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

Divyanshi Sharma

Hyundai IPO review – Everything you need to know about India’s biggest IPO

Sourabh Jain

Hyundai Motor India’s ₹25,000 crore IPO gets SEBI approval – India’s biggest IPO expected to launch in October

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Layer of smog covers Delhi as air quality remains 'very poor'. Here's why you need an insurance cover for this

BI India Bureau

Vistara-Air India merger: Bookings for Vistara to stop from Sept 3, unified operations start from Nov 12

ANI

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

PTI

PS5 Pro could make lesser noise, expected to have 2TB storage: All we know

Divyanshi Sharma

Record shooting contingent out to end India's 12-year medal drought

PTI

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