Tatas and Singapore Airlines have assured the government that control of their proposed airline venture would always remain in Indian hands, while seeking approval to offer passenger services on both domestic and international routes.
Singapore Airlines is planning to augment its operations in Delhi, Chennai and Bangalore and tapping certain secondary markets in India.
The spokesperson said the identity of all such persons shall be kept secret and protected, besides all useful and relevant information shall be suitably rewarded.
Singapore Airlines intends to operate double daily flights to India once the open sky policy is in place even as it has decided to introduce three additional day-time flights to Mumbai from October 26.
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million ($267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines. The November 2022 deal between Singapore Airlines and Tata Sons to further inject $267 million into Air India is one of the key strategic initiatives for future growth mentioned in the quarterly financial report. This agreement is still subject to regulatory approval. SIA in the statement said, "The merged entity will be four to five times larger in scale compared to Vistara, with a strong presence in all key airline segments in India.
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The proposal of Tatas and Singapore Airlines for a new joint venture, entailing foreign investment of $49 million, is likely to come up before the Foreign Investment Promotion Board for approval on October 18.
TCS has acquired Singapore Airlines' 51 per cent stake in Aviation Software Development Consultancy India Ltd for Rs 14.02 crore.
After having launched a thrice-weekly service to Bangalore in August, premier international carrier Singapore Airlines said on Wednesday that it would enhance its frequencies to Mumbai
Vistara's growth and future funding requirement would hinge on how soon the government changes these rules.
About 2000 travel agents across the country are not selling the airline's tickets in protest against the decision not to pay any commission.
Singapore Airlines (SIA) is engaged in confidential talks with Tata Sons for merging Vistara with Air India, the flagship carrier of the Republic of Singapore informed the stock exchange in the Southeast Asian nation on Thursday in a first acknowledgement of a possible integration of the two airlines. "In line with its multi-hub strategy, SIA is currently in confidential discussions with the Tatas to explore a potential transaction in relation to the securities of Vistara and Air India. "The discussions seek to deepen the existing partnership between SIA and Tatas and may include a potential integration of Vistara and Air India," SIA said in a notification to the Singapore stock exchange. SIA owns 49 per cent stake in Vistara and is among the four airlines run by Tata Group.
The move is a reversal of its earlier decision, when the airline said it would not absorb the price difference and advised customers to pay the fare difference or receive a refund, according to media reports.
Singapore Airlines on Tuesday said Vistara will be merged with Tata group-owned Air India. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA). As part of the transaction, SIA will also invest Rs 2,058.5 crore in Air India.
Taking benefit of the limited open sky policy of the government, Singapore Airlines is mounting additional services to India between December and January, increasing its seat capacity by over 11 per cent.
The Supreme Court verdict on the Ram temple showed India's secular character to the world, Shah said.
A state probe agency has been constituted within the Jammu and Kashmir police for speedy investigation and prosecution in terror-related cases as well as coordinating with central agencies, officials said on Tuesday.
However, the architects of the Congress's success, if the leads turn into the winning seats -- local Karnataka Congress leaders Siddaramaiah and DK Shivakumar or Congress president Mallikarjun Kharge -- were missing from the video.
The Jammu and Kashmir police arrested two people who were involved in the killing of Mirwaiz Mohammad Farooq, 33 years after the then chief priest of the Valley fell to the bullets of Hizbul Mujahideen assassins, a senior police officer said in Srinagar on Tuesday.
For India, it is a symbol of will and a successful feat of arms.
The terrorist who was identified as Mohammad Hussain Khateeb is a resident of Bhaderwah in Doda.
He said law enforcement agencies are cracking down on those involved in recruitment for terrorist groups as well as narcotic dealers and smugglers.
The chargesheet, filed by the State Investigation Agency, has highlighted several instances where parents were taken across the border using valid travel documents but were later compelled to pay extra money for their wards' admission to universities and colleges there.
Ten people allegedly working as 'overground workers' of the banned Jaish-e-Mohammed terror group were arrested by the State Investigation Agency, a newly carved-out wing of the Jammu and Kashmir police, officials said on Wednesday.
Competition Commission of India (CCI) has issued a show cause notice to the parties with respect to the proposed merger of Tata Group airlines Vistara and Air India, according to a source. The fair trade watchdog issues notice asking why an investigation should not be initiated only after forming a prima-facie opinion that the deal could adversely impact competition in the marketplace. Vistara and Air India are the two full-service carriers that are part of the Tata Group, and Singapore Airlines holds a 49 per cent stake in Vistara.
'I am seven months into the job, but it feels like seven years.'
Abdul Aala Fazili was arrested from his Humhama residence as the SIA conducted searches at several locations in the city as part of its crackdown on terror and anti-national networks, the official said.
ISRO chairman S Somanath on Monday said instead of a success-based design in Chandrayaan-2, the space agency opted for a failure-based design in Chandrayaan-3, focused on what all can fail and how to protect it and ensure a successful landing.
Officials said this was another example of Pakistan misusing higher studies as bait for recruitment in terror groups.
On Thursday, DGCA issued a public notice seeking suggestions and objections to the grant of permit.
AirAsia says deal not violative of shareholder agreement.
'We desire to see our children and children-in-law find legal acceptance for their relationship...' Chintan Girish Modi on how parents of LGBTQIA+ Indians have appealed to Chief Justice Chandrachud to 'consider the plea for marriage equality'.
The money was being transported from Punjab to South Kashmir.
Singapore Airlines is offering a scholarship for a two-year pre-university course in selected junior colleges in Singapore.
He assured the people that the terrorists involved in the attack would be identified and brought before the court within the shortest possible time.
The Air India Group has started vacating its offices, which are currently being operated from government-owned properties, from this month, as part of its strategy to consolidate workspaces across the country. The loss-making Air India and its international budget arm Air India Express were taken over by the Tata Group on January 27 this year, after successfully winning the bid for the airline on October 8, last year. Besides these two airlines, Tata Group also holds a majority 51 per cent stake in Vistara, its joint venture airline with Singapore Airlines (SIA), and a 83.67 per cent stake in budget carrier, AirAsia India.
A special court in Srinagar on Monday framed charges against eight persons, including a prominent Hurriyat leader, for selling Pakistani MBBS seats in Jammu and Kashmir to fund terror activities.
Tiger operates Airbus A320s and was set up by SIA and Singapore's national investment firm, Temasek Holdings, in 2004.
Tata Sons is all set to acquire a residual stake of 16.33 per cent in AirAsia India from its joint venture (JV) partner AirAsia Berhad for $19 million (or Rs 142 crore) by early next year. The valuation is in accordance with the previous transaction under which AirAsia Berhad had sold its 32.6 per cent stake, said a banking source. Tata Group had increased its stake in AirAsia India at a valuation of $115 million.
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