Tata, Singapore Airlines Plan To Merge Vistara, Air India
Tata group and Singapore Airlines Ltd. are planning to merge their airline companies, Air India and Vistara, to build a new joint venture. Two sources aware of this development have said on the condition of anonymity that both entities have a combined goal to optimise their resources and compete with industry leader IndiGo. According to…
Vedanta, With Foxconn, iPhone Maker, To Produce Chips In India
Foxconn, an iPhone assembler company, stated on Monday that it has partnered with Indian conglomerate Vedanta Ltd to produce chips or semiconductors in the South Asian country. With this, the electronic giant is looking to diversify its business amid the global chip shortage. Vedanta is one of the world’s leading diversified natural resources companies, mainly…