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Singapore Airlines in discussions with Tatas over integration of Vistara, Air India

Singapore Airlines in discussions with Tatas over integration of Vistara, Air India

“SIA is currently in confidential discussions with Tata to explore a potential transaction in relation to the securities of Vistara and Air India Ltd, a subsidiary of Tata (the ‘Potential Transaction’). The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India,” said the Singapore airline in a statement on Thursday.

Vedantu

Vedantu takes majority stake in test prep platform Deeksha for $40 mn

Live online learning platform Vedantu on Thursday announced it has bought a majority stake in test preparation platform Deeksha (Ace Creative Learning Pvt Ltd) for $40 million. Since 1998, Deeksha has created over 65,000 success stories through its 39 centers across three states.

Indian startups take 5 yrs to scale from zero to $100 mn

Only 2 Indian startups turned unicorns in Q3 amid funding winter

Only two startups in India, Shiprocket and OneCard, attained unicorn status (valuation $1 billion and above) in the July-September period. Globally, the third quarter (Q3) produced 20 unicorns and 45 per cent of them were from the software-as-a-service (SaaS) segment. No new decacorns were added in this quarter.