In a strategic move that promises to reshape the aviation landscape between India and Singapore, the Competition and Consumer Commission of Singapore (CCCS) recently granted Conditional Approval for the merger of Vistara with Air India. This move follows the earlier approval by the Competition Commission of India (CCI), clearing the way for a dynamic partnership…
In a groundbreaking move, Reliance Industries (RIL) has unveiled a strategic joint venture with the global entertainment giant Walt Disney, marking a significant shift in the dynamics of India’s media and entertainment sector. Here are the key insights of Reliance-Disney Merger 1. Valuation and Investment 2. Control Structure 3. Leadership Dynamics 4. Business Valuations 5….
Tata Group is preparing to list its subsidiary, Tata Passenger Electric Mobility Ltd (TPEM), in an initial public offering (IPO) valued at $1–2 billion, with the goal of capitalizing on its investments in the electric vehicle (EV) industry. This action demonstrates the conglomerate’s dedication to profiting from the expanding EV market, per a BusinessLine report….
Reliance Industries and Walt Disney have officially agreed to combine their media businesses in India, according to people familiar with the situation who were cited in a Bloomberg report. The report stated that as Disney reevaluates its strategy in India amid fierce competition, Mukesh Ambani-led Reliance Industries is anticipated to own a 61% stake in…
The Indus Appstore, a locally developed Android marketplace ready to take on the dominance of international behemoths like Google Play and the Apple App Store, was launched by PhonePe in a ground-breaking move. With an impressive collection of more than 2 lakh apps in 45 categories, the platform seeks to transform the way Indian users…
Reliance Industries Limited, owned by Mukesh Ambani, is getting ready to introduce ChatGPT-like AI chatbot “Hanuman” next month. The ‘Bharat GPT Group,’ a consortium of eight affiliated universities and the company, are working together on this. What is Hanooman? Hanooman is a collection of large Indic language models based on 22 Indian languages. Seetha Mahalaxmi…
The Tata Group company announced in a stock exchange filing that BluSmart, India’s top eMobility ride-hailing service provider and EV charging infrastructure network, has inked a multi-year Power Purchase Agreement (PPA) with its wholly-owned subsidiary Tata Power Trading Company Limited (TPTCL). According to the agreement, Tata Power Trading Company will purchase 30 MW of energy…
US lender Capital One has agreed to pay $35.3 billion to acquire rival Discover Financial. This all-stock deal will combine the two biggest credit card companies in the country. The stock of its smaller rival, Discover, is now valued by Capital One at a premium of 27% over Friday’s closing price. Discover shareholders would receive…
Tata Group Cap. At $365 Billion: With some Tata Group companies reporting outsized gains in the last year, the market value of the salt-to-software conglomerate has grown large enough to outstrip Pakistan’s whole economy. At latest count, the market capitalization of India’s largest corporate house was $365 billion, or Rs 30.3 lakh crore, while the…
Mitsubishi to acquire 30% stakes of TVS: According to a Nikkei Asia report, the Japanese behemoth Mitsubishi Corporation plans to join the Indian auto sales market this summer by purchasing a stake of more than 30 percent in auto dealership TVS Mobility. As per the Nikkei Asia report, TVS Mobility is set to separate its…
