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Tata SIA Airlines into Air India, subject to certain conditions. The long pending merger of fully owned Tata airline Air India and sister airline Vistara, came through weeks after the watchdog raised concerns about market power. The CCI was scrutinising the planned merger of Air India, which Tata Group took over last year, with Vistara, a 51: 49 joint venture between Tata and Singapore Airlines. The merged airline may pose a challenge to local rival and market leader, IndiGo. The said consolidation will make Air India, India’s leading domestic and international carrier with a combined fleet of 218 aircraft, making it India’s largest international carrier and second largest domestic carrier, the airline said in an announcement relating to the merger. «As part of the merger transaction, SIA shall also invest Rs 2,059 crore in Air India.

bond yields ended marginally higher on Friday as debt auction added to overall supply, while market participants shrugged off domestic growth numbers, which came largely in line with expectations. The benchmark 7.26% 2033 bond yield ended at 7.1671%, after closing the previous session at 7.1655%. The yield, however, ended the week 3 basis points lower. New Delhi raised 390 billion rupees ($4.72 billion) through the sale of bonds, at cutoffs that nearly met estimates. However, some mutual funds were selling longer-duration papers after the auction results, traders said. «The 10-year bond yield should peak in September as demand-supply dynamics are expected to improve from October.

SHANGHAI (Reuters) -Tesla on Friday unveiled a restyled, made-in-China Model 3 with a longer driving range, the first time the automaker has launched a new model in China ahead of the United States.

By Ziyi Tang, Clare Jim and Xie Yu

new crater is close to the Luna 25 estimated impact point, the LRO team concludes it is likely to be from that mission, rather than a natural impactor. NASA informed that the new crater is about 10 meters in diameter and is located at 57.865 degrees south latitude and 61.360 degrees east longitude at an elevation of about minus 360 meters.

NEW DELHI/SYDNEY : Indian billionaire Mukesh Ambani's Reliance Retail Ventures is in advanced talks with global investors to raise around $2.5 billion by the end of September, ahead of a potential stock market listing, people familiar with the matter told Reuters. Three sources said the target fund raise of $2.5 billion is part of a combined $3.5 billion target the firm has set for itself, a part of which - $1 billion - came from Qatar Investment Authority (QIA) and was announced last month.

Nifty ended with healthy gains on Friday, boosted by all-around buying in light of broadly positive global cues ahead of the release of the US jobs data amid hopes that the Federal Reserve will not raise rates in September. Easing US Treasury yields and the dollar also influenced the mood of the equity market. “Falls in US Treasury yields this week weighed on the dollar, which was on track to snap a six-week winning run ahead of the pivotal US non-farm payrolls figures, due before the opening bell on Wall Street," reported Reuters.

India’s manufacturing sector showcased its fastest growth in three months in August, driven by robust growth in new orders and output increase, according to S&P Global monthly survey. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) surged to 58.6 in August from July’s 57.7, indicating the second-best improvement in the health of the sector for nearly three years. Demand strength was pivotal to August’s robust performance, spurring the fastest upturn in new orders since January 2021. Competitive pricing and advertising were also cited as factors behind sales growth, the survey said. 

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China released the 2023 edition of its 'standard map' on August 28, showing India's Arunachal Pradesh and Aksai Chin as part of its territory. The map also shows China's claims in the South China Sea over the exclusive maritime zones of countries such as Malaysia, Brunei, the Philippines, Indonesia and Vietnam.

US Federal Reserve will not hike interest rates further. The US dollar index - which measures the currency against a basket of six developed-market peers, including the euro, sterling and yen - edged 0.05% lower to 103.58 on Friday, bringing declines this week to 0.53%. On Thursday, the rupee ended 6 paise lower at 82.79 a dollar.

India are set to rise steadily in single digit percentages over the coming years along with economic growth, according to a Reuters poll of property analysts who expect affordability for first-time buyers to worsen. Following a relatively modest 250 basis points of interest rate rises from the Reserve Bank of India to 6.50%, expectations of a resilient economy have underpinned property market strength, along with relentless demand for housing. Average home prices were expected to rise 7.0% nationally this year and next, according to the Aug. 14-31 Reuters poll of 12 property analysts, up from 6.0% and 5.5% in a June poll. The outlook was more upbeat and stable compared with companion polls of property markets in developed economies, where house prices are expected to fall or stagnate after surging as much as 50% during the COVID-19 pandemic. There was no such panic buying of property in India during the past three years, with modest rises of 2-3% annually leaving more room for house prices to climb. «Multiple factors are driving the real estate market in India: a healthy economy, market optimism, higher estimated GDP, economic diversification...(and) inflation is under control, which is adding to renewed optimism,» noted Ankit Kansal, managing director of 360 Realtors. While July consumer price inflation was running well above the top end of the RBI's 2-6% tolerance range, it is expected to ease back over coming months as food price inflation subsides.

China's biggest banks on Friday cut interest rates on a range of deposits in an effort to ease pressure on their shrinking margins as lenders move to lower mortgage rates to prop up a struggling property sector and a faltering economy. The banks, including Industrial and Commercial Bank of China and Agricultural Bank of China on Friday cut their deposit rates by between five and 25 basis points, websites from each bank showed. Three sources familiar with the matter told Reuters on Tuesday that major state banks would cut deposit rates as they prepare to lower interest rates on existing mortgages, part of Beijing's efforts to revive the debt crisis-hit property sector. Starting from Sept.

insurance policy for his wife, Ginni Thomas, was valued at less than $100,000 in 2021. The reason cited by Thomas for accepting the luxurious means of transport was increased security risks. He stated that his security detail advised non-commercial travel whenever feasible, particularly following a leak that indicated the court's intention to overturn established abortion rights, Reuters reported.

G20 summit. Also read: ‘G20 leaders are going to ask…’: Rahul Gandhi attacks PM Modi on OCCRP allegations against Adani Group The Treasury said Yellen also will rally America's G20 allies to maintain economic support for Ukraine and increase costs on Russia over Moscow's continuing war in Ukraine. This includes supporting the G7-led price cap on Russian oil exports and efforts to strengthen global food security in the face of restrictions on Ukrainian grain exports.

Sula VineyardsGlobal investment firm Verlinvest Asia has sold partial stake in Sula Vineyards through block deals on Thursday.Gujarat GasSaudi Aramco has fixed September propane contract price at $550/tn as against current price of Rs $470/tn.

India's Vedanta ran a «covert» lobbying campaign to weaken key environmental regulations during the COVID-19 pandemic, the Organised Crime and Corruption Reporting Project (OCCRP) said in an article on Thursday. In January 2021, Vedanta Group Chairman Anil Agarwal told former environment minister Prakash Javadekar the government could add «impetus» to India's economic recovery by allowing mining companies to boost production by up to 50% without having to secure new environmental clearances, the OCCRP said. Vedanta's oil business, Cairn India, also successfully lobbied to have public hearings scrapped for exploratory drilling in oil blocks it won in government auctions, the report said. Vedanta told OCCRP that as «one of the leading natural resources organizations in India» the company operated «with an objective of import substitution by enhancing domestic production in a sustainable manner.» «In view of the same, continuous representations are submitted for consideration to the Government in the best interest of national development and India's march towards self-reliance in natural resources,» a company spokesperson told OCCRP. Vedanta and Cairn India did not immediately respond to Reuters requests for comment. OCCRP's report on Vedanta comes a day after the media group published a report on Adani Group that said the group family used «opaque» funds to invest in stocks.

digital currency firm co-founded by ChatGPT-founder Sam Altman. France's CNIL watchdog said in July that the legality of the Worldcoin biometric data 'seemed questionable'. «Checks took place at the Worldcoin offices,» a CNIL spokesperson said on Thursday, confirming an earlier Politico report that the checks occurred on Wednesday. Worldcoin officials did not immediately respond to an emailed Reuters request for comment on the CNIL's latest checks. The CNIL spokesperson declined further comment. Worldcoin requires users to provide their iris scans in exchange for a digital ID and, in some countries, in exchange for free cryptocurrency.

By Clara Denina and Sarah McFarlane

By Stephen Nellis and Max A. Cherney

Hindustantimes.com on Thursday. Chinese Premier Li Qiang will be flying directly to New Delhi after attending the 43rd ASEAN summit in Jakarta on September 5-7.