Vistara-Air India merger likely by year-end

07 Jun 2024 CW Team

The merger between Vistara and Air India appears to be progressing steadily, with Vinod Kannan, CEO of Vistara, outlining the expected timeline for completion by the end of 2024. Back office employee transfers are anticipated to be completed by the end of June or early July, with operational aspects such as crew and aircraft movements contingent upon regulatory approvals and oversight.

Singapore Airlines' investment in Air India, alongside the merger, signals a significant development in the aviation sector. Post-consolidation, Singapore Airlines will hold a 25.1% shareholding in the enlarged Air India Group. This move aligns with the broader consolidation strategy within the industry, as seen with the inclusion of Air India, Air India Express, AirAsia India, and Vistara under the umbrella of the enlarged Air India Group.

Air India's ongoing transformation plan, named 'Vihaan.AI,' underscores the airline's commitment to enhancing various aspects of its operations over a five-year period. This plan aims to revamp the customer proposition, improve on-time performance, achieve sustained growth, profitability, and ultimately, regain market leadership. Such initiatives are crucial for the long-term sustainability and competitiveness of Air India within the dynamic aviation landscape.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..