Tata Sons, Singapore Airlines invest ₹465 crore in Vistara
May 13, 2021
The funding has been made into Tata Sia Airlines Limited, the operating company of Vistara
Tata Sons and Singapore Airlines have invested ₹465 crore in their Indian joint venture airline Vistara.
According to financial data accessed by the business intelligence platform, Tofler, the investments have been made against 46.5 crore new shares in the airline. While Tata Sons has pumped in ₹237 crore for 23.7 crore shares, Singapore Airlines has invested ₹228 crore.
The funding has been made into Tata Sia Airlines Limited, the operating company of Vistara.
The fresh equity infusion comes at a time when the aviation industry is struggling to stay afloat due to the travel restrictions across the country. Additionally, according to India Ratings, 2021 has brought to the fore three new challenges to contend with higher fuel expenses, rising competition and the flight for market share.
Peshawar
May 12, 2021
MARDAN: The Pakistan Business Forum on Tuesday demanded the government to announce a relief package for the traders who had been hit hard by the coronavirus pandemic and the closure of businesses.
Addressing to a news conference at the Mardan Press Club, Maazullah, the chairman of the forum and president of Markazi
Tanzeem-e-Tajiran, Takhatbhai, said the traders of Takhatbhai and Mardan district were observing the lockdown but despite that being subjected to violence and disgrace during the lockdown, adding they were put in lockups, imprisoned and fines.
The forum chief said the traders were passing through a critical time due to the lockdown and the current critical situation had become unbearable for them.
National
May 12, 2021
MARDAN: The Pakistan Business Forum on Tuesday demanded the government to announce a relief package for the traders who had been hit hard by the coronavirus pandemic and the closure of businesses. Addressing to a news conference at the Mardan Press Club, Maazullah, the chairman of the forum and president of Markazi
Tanzeem-e-Tajiran, Takhatbhai, said the traders of Takhatbhai and Mardan district were observing the lockdown but despite that being subjected to violence and disgrace during the lockdown, adding they were put in lockups, imprisoned and fines. The forum chief said the traders were passing through a critical time due to the lockdown and the current critical situation had become unbearable for them.
Nido investors facing losses: lender strikes $46.3m conditional property sale
5 May, 2021 01:00 AM
4 minutes to read
NIDO shows off NZ s biggest furniture store, planned to open soon. Julian Bottaro of Nido was filmed in the unfinished project late last year. Video / NIDO
NIDO shows off NZ s biggest furniture store, planned to open soon. Julian Bottaro of Nido was filmed in the unfinished project late last year. Video / NIDO
Investors in a planned large-scale retail homeware store face losses after the building s conditional sale for $15.7 million came in well short of what was raised to buy the property. Neil Tuffin, managing director of
Sunday, 02 May 2021 06:37 PM MYT
The Senari port operations suffered a computer system outage due to water damage. Borneo Post Online pic
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KUALA LUMPUR, May 2 The container shipping lines have suffered huge losses after Senari Port in Kuching, Sarawak experienced a computer outage on March 27, 2021.
In a joint statement today, four shipping associations said following the incident, not only the container shipping lines’ operating costs had escalated, but they also suffered from the loss of sailings and revenues.
“Their shipping service qualities to the business community were also adversely compromised,” said the four associations, namely Malaysia Shipowners’ Association, Shipping Association Malaysia, Sarawak and Sabah Shipowners Association and Sarawak Shipping Association.