Air India and Vistara’s grand merger is projected to be completed by the end of 2024 or early 2025. This was announced by Air India CEO Campbell Wilson and Vistara CEO Vinod Kannan on May 13, 2024. This integration aims to streamline Tata Group’s aviation interests and create a stronger, more competitive airline. As of …
Zomato Payments Private Ltd has chosen to retract its application for a PA (Payment Aggregator) license. The payments division of Zomato Ltd has opted to voluntarily surrender its license granted by the RBI for operating as an online payment aggregator. Citing a deficiency in competitive advantage, Zomato Payments Pvt. will surrender its certificate of authorization …
Crompton Greaves Consumer Electricals Ltd. (Crompton), a leading manufacturer of energy-efficient consumer products, has been recognised for its unwavering commitment to environmental, social, and governance (ESG) practices. This recognition comes in the form of a top ranking within the Dow Jones Sustainability Index (DJSI) – a coveted distinction for companies demonstrating leadership in sustainability. Global …
On May 13, 2024, Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, announced, through an exchange filing, that it will develop a Global Artificial Intelligence (AI) Center of Excellence in Paris. The new AI centre will be located in the soon-to-be-constructed TCS PacePortTM in Paris’ La Défense neighbourhood. When …
On May 13, 2024, Shriram Finance Limited (SFL) announced that its Board of Directors had approved the divestment of its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus, a leading global growth investor. Transaction Details Warburg Pincus will buy stakes from each seller via its affiliate, Mango Crest Investment Ltd. The proposed …
On May 13, 2024, SpiceJet announced in an exchange filing that it had entered Phuket, Thailand’s beautiful island paradise. Starting May 31, 2024, SpiceJet will start daily non-stop flights connecting Delhi and Phuket. The company stated that this new service would complement the airline’s existing operations to Bangkok from Kolkata and Delhi. SpiceJet’s daily non-stop …
On May 13, 2024, Bharti Airtel announced that it had entered into a long-term partnership with Google Cloud to provide cloud solutions to Indian businesses. The strategic partnership will provide cutting-edge cloud solutions from Google Cloud to fast-track cloud adoption and modernisation for Airtel’s customers. Additionally, Airtel aims to offer a range of cloud-managed services …
On May 13, 2024, Hinduja Global Solutions (HGS) informed the stock exchanges about the launch of a wide range of cutting-edge Cybersecurity solutions for the market. The comprehensive suite contains seven essential Cybersecurity solutions designed to offer companies state-of-the-art protection against evolving cyber threats. A main feature of HGS CyberSecurity solutions is that they utilise …
Pure-play water technology player Va Tech WABAG informed the stock exchanges on Monday, May 13, 2024, that the company had received a repeat order of about USD 49 Million from Kathmandu Upatyaka Khanepani Limited (KUKL), funded by Asian Development Bank (ADB). The company stated that the order is to design, build, and operate (DBO) three …
On May 10, 2024, Lemon Tree Hotels informed the exchanges about the latest signing of Keys Select by Lemon Tree Hotels, Bareilly. The property will be franchised by Lemon Tree Hotels Limited and is anticipated to open in FY 2025. Keys Select by Lemon Tree Hotels, Bareilly will have 60 well-appointed rooms, a bar, a …
