Articles for tag: Air, Bow, Breath, Drama, Final, Hold, Indias, Merger, Passengers, Rewrites, Skies, Takes, Vistara

Market News

Vistara Takes a Final Bow: Air India’s Merger Drama Rewrites the Skies While Passengers Hold Their Breath

Vistara will cease operations on November 12, 2024, as it merges with Tata Group’s Air India. Passengers can book flights through Air India’s website, with Vistara flights maintaining their brand until November 11. Singapore Airlines has secured a 25.1% stake in the merged airline following Indian government approval for foreign investment. Vistara’s frequent flyer program, ...

Market News

ZEE and Sony’s .5 billion merger collapses as NCLT recalls approval, ending a turbulent legal saga.

ZEE and Sony’s $10.5 billion merger collapses as NCLT recalls approval, ending a turbulent legal saga.

The National Company Law Appellate Tribunal (NCLAT) has allowed Axis Finance, IDBI Bank, and IDBI Trusteeship Services to withdraw their petitions against the merger of Zee Entertainment and Sony Pictures Networks India. This decision follows the Mumbai Bench of the National Company Law Tribunal (NCLT), which had previously approved the merger on August 10, 2023, ...

Market News

The NCLT reverses approval of the Zee-Sony merger as parties agree to withdraw due to unresolved disputes. Dramatic fallout ensues.

The NCLT reverses approval of the Zee-Sony merger as parties agree to withdraw due to unresolved disputes. Dramatic fallout ensues.

The National Company Law Tribunal (NCLT) recently approved the withdrawal of its order regarding the merger between Zee Entertainment and Sony Pictures Networks India. This decision follows an agreement between the two companies to resolve their six-month dispute over a failed USD 10 billion merger. The NCLT recalled its earlier approval from August 10, 2023, ...

Market News

Major Merger: Singapore Airlines Joins Forces with Air India to Soar

Major Merger: Singapore Airlines Joins Forces with Air India to Soar

Singapore Airlines has received approval from the Indian government for foreign direct investment related to the merger of its airline Vistara with Air India. This significant deal, announced in November 2022, will create one of the world’s largest airline groups, with Singapore Airlines acquiring a 25.1% stake in Air India. The merger is expected to ...

DeFi Explained: Simple Guide Green Crypto and Sustainability China’s Stock Market Rally and Outlook The Future of NFTs The Rise of AI in Crypto