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Honda-Nissan merger had ‘unacceptable’ terms, says Renault

Renault said the terms of the transaction, “including the fact that it did not include any premium, were unacceptable.”

A Nissan Motor Co. logo at the company's global headquarters in Yokohama, Japan, on Wednesday, Feb. 12, 2025. Hon Hai Precision Industry Co. is open to buying Renault SA's stake in Nissan, a move that may offer the struggling Japanese carmaker a lifeline(Akio Kon/Bloomberg)
Published on Feb 13, 2025 06:47 PM IST

Australian firms' merger turns former intern into billionaire: Know how

The merger of an Australian pharmaceutical firm and a pharmacy franchiser has turned a former intern into a billionaire and minted 100 other millionaires.

Two brothers and an intern have together turned into billionaires after their firm merged with Sigma Healthcare in Australia(Bloomberg)
Published on Feb 13, 2025 03:53 PM IST

Honda, Nissan and Mitsubishi end their merger talks: Report

However, the three automakers will continue to work together on electric vehicles and smart cars, such as autonomous driving

Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024.
Published on Feb 13, 2025 01:14 PM IST
AP |

US search engine Perplexity AI proposes merger with TikTok

Perplexity AI proposed a merger with TikTok U.S. as the platform faces a ban unless it severs ties with ByteDanc

The Chinese parent company of TikTok, ByteDance, received an offer on Saturday from the U.S. search engine startup Perplexity AI to combine with TikTok U.S., a source familiar with the business's intentions told Reuters.(REUTERS/Dado Ruvic)
Published on Jan 19, 2025 11:53 AM IST
Reuters |

Shutterstock and Getty Images merge to form $3.7 billion visual content company

Shutterstock and Getty Images will merge to form a $3.7 billion visual content company, enhancing their portfolios with diverse products.

Getty Images and Shutterstock will combine to form a $3.7 billion visual content business.(Bloomberg)
Published on Jan 07, 2025 05:47 PM IST
AP |

Air India officially completes its merger with Vistara

The new 'Air India’ will operate flights with airline code ‘AI’ while Vistara aircraft will have a four-digit flight number beginning with the digit “2”

A Vistara aircraft prepares to land at Kempegowda International Airport in Bengaluru on September 4, 2024( Idrees Mohammed/AFP)
Published on Nov 12, 2024 04:21 PM IST

Vistara to operate last flights today before merging with Air India

Airline officials said they had started preparations months ago to ensure that passengers are not inconvenienced Tuesday onwards after the Vistara-Air India merger

A Vistara aircraft prepares for landing at the Trivandrum International Airport on Monday. (PTI)
Published on Nov 11, 2024 03:00 PM IST

Singapore Airlines to put 3,194.5 crore for 25.1% of Air India-Vistara entity

Singapore Airlines will invest an additional ₹3,194.5 crore into the newly merged entity comprising of Vistara and the Tata-owned Air India for a 25.1% stake

The investment will be made after the merger's completion and within November 2024, through subscription to new Air India shares, the group said, adding that future capital injections will also be considered based on “Air India’s requirements and available funding options.”(Representational Image/Pixabay)
Published on Nov 11, 2024 09:21 AM IST

Vistara’s final flight today as it merges with Air India

The Vistara-Air India merger has given Singapore Airlines a 25.1% stake in the newly unified airline, with operations now fully integrated under Air India.

Airline officials said even though Vistara will cease to exist from November 12, its aircraft, routes and crew will continue to operate as they do at least till March. (HT Photo)(HT_PRINT)
Published on Nov 11, 2024 06:02 AM IST

Reliance gets govt nod for non-news, current affairs TV license transfer to Star

Reliance gets the government's approval to transfer Viacom18's non-news and current affairs TV channels licenses to Star India as part of their merger

Disney and Reliance logos are seen in this illustration(Reuters)
Published on Sep 29, 2024 09:34 AM IST

Mega Reliance-Disney merger gathers steam

A lot has been said about the impact the combined networks may have on India’s entertainment industry given their market share and negotiating power over advertisers, content producers and distributors

Mega Reliance-Disney merger gathers steam
Updated on Sep 20, 2024 08:16 AM IST
ByShuchi Bansal

NCLT recalls order on Zee-Sony merger, allows withdrawal of scheme

NCLT said the parties "mutually consented" to withdraw the scheme of amalgamation with a settlement agreement

Sony and Zee logos are seen in this illustration taken January 30, 2024.(Dado Ruvic/Reuters)
Published on Sep 15, 2024 10:03 AM IST
PTI |

FDI nod for Air India, no Vistara after Nov 11

Vistara will merge with Air India starting November 12, following government approval of Singapore Airlines' FDI. Singapore Airlines will hold a 25.1% stake in Air India.

The Union government on Friday cleared the last roadblock to national carrier Air India Ltd.’s merger with smaller rival Vistara. (HT Photo)
Updated on Aug 31, 2024 07:28 AM IST
By, New Delhi

Decks cleared for Vistara merger with Air India

SIA owns a 49% stake in Vistara and will get a 25.1% stake in the merged entity. The Tatas, who own Air India, will keep the remaining 74.9% stake.

A Vistara Airbus A320 passenger aircraft prepares for take-off. (Reuters File Photo)
Published on Aug 30, 2024 01:29 PM IST

Flying Vistara? You can do so till November 11, book tickets till September 3

India approves investment for Vistara-Air India merger; passengers can book Vistara flights until September 3 for travel until November 11.

The Air India-Vistara merger has been in the making for more than 18 months.(Reuters)
Updated on Aug 30, 2024 11:29 AM IST

Vistara-Air India merger: Singapore Airlines gets FDI nod from India

India clears final hurdle for Air India's merger with Vistara, approves $276 million investment by Singapore Airlines.

A Vistara aircraft is seen. (ANI )
Updated on Aug 30, 2024 10:03 AM IST

Reliance and Disney merger approved by CCI

The CCI has approved the merger between Reliance and Disney worth more than ₹70,000 crore

Disney and Reliance logos are seen in this illustration (Reuters)
Updated on Aug 28, 2024 07:24 PM IST

Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go ahead

Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go ahead

Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go ahead
Published on Aug 27, 2024 03:53 PM IST
AP |

India flags cricket rights concerns with Disney-Reliance $8.5 billion merger

RELIANCE-DISNEY-INDIA-ANTITRUST:Exclusive-India flags cricket rights concerns with Disney-Reliance $8.5 billion merger

India flags cricket rights concerns with Disney-Reliance $8.5 billion merger
Updated on Aug 20, 2024 07:24 PM IST
Reuters |

Reliance, Disney warned that media merger could harm competition: Report

Competition Commission of India has privately told Disney and Reliance its view and asked the companies to explain.

Disney and Reliance logos are seen in this illustration(Reuters)
Updated on Aug 20, 2024 04:06 PM IST

Global M&A deal value rose 11.7%, but number of deals fell 12.9% in H1 2024: S&P

An increase of M&A deals by $10 billion outside the US led to total global value of M&A deals growing for the third straight quarter.

The number of M&A deals was down 12.9% to 19,415 over the same time period.
Updated on Aug 11, 2024 11:37 AM IST

Government may hand over MTNL operations to BSNL and not merge them

The government may hand over operations instead of merging MTNL with BSNL as a merger would involve de-listing MTNL, which means a share buyback is necessary.

Handing over debt-laden MTNL's operations to Bharat Sanchar Nigam Ltd (BSNL) through an agreement is being looked into (Reuters)
Published on Jul 13, 2024 04:53 PM IST

Bank unions ask finance minister to merge regional rural banks and sponsor banks

Merging regional rural banks with sponsor banks will update employee skills to modern banking practices and address the issues of staff shortages, they said.

There are now 43 RRBs sponsored by 12 scheduled commercial banks, with around 22,000 branches having about 30 crore deposit accounts and 3 crore loan accounts, covering 702 districts (Reuters)
Published on Jun 27, 2024 09:09 PM IST
PTI |

Paramount Global owner calls off merger talks with Skydance Media

Paramount Global owner calls off merger talks with Skydance Media

Paramount Global owner calls off merger talks with Skydance Media
Updated on Jun 12, 2024 08:27 AM IST
AP |

T-Mobile to acquire most of US Cellular in $4.4 billion deal including debt

T-Mobile CEO Mike Sievert said the deal will “create a better experience for all of our customers with more coverage and more capacity."

FILE PHOTO: A T-Mobile store is pictured in the Brooklyn borough of in New York City, U.S., December 3, 2019. REUTERS/Brendan McDermid/File Photo(REUTERS)
Published on May 28, 2024 06:13 PM IST
AP | | Posted by Arya Vaishnavi

Air India, Vistara hold townhall; address pilots’, employees’ concerns

One of the concerns expressed by the pilots of Vistara was restricting flying time for a co- pilot from 70 to 40 hours and reducing salaries

Employees of both airlines attended the virtual townhall. (File photo)
Published on May 14, 2024 11:11 AM IST

AI Express sacks 25 crew members; disruptions continue, 74 flights cancelled

An Air India Express statement said the airline was making efforts to minimise the inconvenience caused and that it operated 283 flights on Thursday

At least 160 flights have been cancelled since Wednesday. (PTI)
Published on May 09, 2024 02:51 PM IST

Vistara cancelled over 100 flights this week amid crisis: What we know

The Directorate General of Civil Aviation (DGCA) asked Vistara Airlines to submit daily reports about flight operations.

The Directorate General of Civil Aviation (DGCA) said that in view of the various flight disruptions of Vistara, it has asked the airline to submit daily information and details on the flights that are being cancelled and delayed. (PTI FILE)
Updated on Apr 04, 2024 12:27 AM IST

Trump's social media company Truth Social to go public as DWAC merger approved

With Trump owning 58.1% of the stock and DWAC's per-share value of $40, the ex-POTUS could make billions from the deal

Donald Trump's social media company Truth Social is set to go public(AP)
Published on Mar 22, 2024 11:13 PM IST
ByArya Vaishnavi

14 villages back in Navi Mumbai after 17-yr gap

14 villages on the border of Navi Mumbai, Thane, Kalyan are back under Navi Mumbai Municipal Corporation after years of separation, aiding development with state grant support.

HT Image
Updated on Mar 09, 2024 08:04 AM IST
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