News Overview

The Tata Group today announced the completion of the transaction for purchase of Air India from the Government of India. The Tata Group takes over management and control of the airline, starting today.

The company’s PAT margin for the quarter expanded to 37% from the previous 30%.

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The index has touched an intraday high of 11,761.15 as on the index, 13 scrips advanced and only two declined.

The airline has a fleet of 117 wide-body and narrow-body aircraft and AIXL has a fleet of 24 narrow-body aircraft. A significant number of these aircraft are owned by Air India.

Moody’s Again Earns Top LGBTQ+ Corporate Equality Score From Human Rights Campaign

The partnership will expand access for Adult Women Suffering from Bacterial Vaginosis and Adults with Trichomoniasis.

Top 5 export destinations in April-November 2021 (latest available, share% in bracket) are: U S A (18%), UAE (16.6%), China (7.6%), Netherland (4.5%) & Germany (4.2%).

As part of this partnership, Google intends to put up $1 billion in its Google for India Digitization Fund, which includes equity investment as well as a corpus for potential agreements, which are yet to be finalized and completed over the course of the next 5 years.

Company’s net profit could decline 17.5% YoY to Rs3,759.