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Tata Group announces merger of Vistara and Air India

Vistara shall be merged with Air India post receipt of requisite approvals. As part of the merger transaction, SIA shall also invest Rs 2,059 crore in Air India. Post the consolidation, SIA shall hold 25.1 per cent shareholding in Air India.

Adani Properties bags Dharavi redevelopment project with Rs 5069 crore bid

According to SVR Srinivas, Chief Executive Officer of the Dharavi Redevelopment Project three bids from Adani Realty, DLF, and Naman Group were received.  Out of which Naman Group did not qualify for the technical bidding. The remaining two bids were opened where Rs 5,069 crore and Rs 2,025 crore were offered by Adani Group and DLF respectively.