Tata Sons to consolidate its airline business

The 150-year-old Tata group is bringing its multiple airlines -Air Asia and Vistara -under Air India, a company it launched decades ago and was later nationalised. Last year, Tata Sons re-acquired Air India from the Indian government.

Adani added £160 mn to his fortune every day in a year

Adani Group founder Gautam Adani has overtaken Reliance Industries chairman Mukesh Ambani to become the richest man in India for the first time with a wealth of £109 billion (nearly $140 billion), according to the IIFL Wealth Hurun India Rich...

Most of major Gujarat public sector units (PSUs) have outperformed market indices this year, despite worsening inflation and the Ukraine-Russia war. The majority of these state companies have given higher returns, up to 138%, this calendar year.

Reliance Industries (RIL) will obtain 79% stake in SenseHawk, a California-based software developer for the solar energy sector, for $32 million. The deal is part of RIL’s broader play in renewable energy, an area in which it last year announced...

SpiceJet, which is facing net loss to £78.9 million in the June quarter as high fuel prices and rupee depreciation adversely impacted the budget carrier. Amid the financial turmoil, the airline plans to raise $200 million and expects to complete...

The £5.12 billion net buying of Indian stocks by foreign funds in August, a 20-month high figure, has convincingly reversed a nine month continuous selling by these institutions. But flow-related volatility could continue for a while, brokers...



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