Singapore Airlines Ltd., Southeast Asia’s biggest carrier, and the Tata Group aim to start their joint-venture airline in the second half of this year, to tap surging air travel in world’s second-most populous nation.
Welcome, Wal-Mart. India's coalition government made a surprise move last week by liberalizing the country's retail sector. Halfway into its second term, the governing United Progressive Alliance, long accused of being too passive and too wedded to the welfare state, ended years of hedging by successive governments by giving its consent to foreign direct investment in multi-brand retail in India, allowing global supermarket chains to set up shop and help spur economic growth
Jet Airways (India) Ltd. rose to its highest in 22 months after a government official said the carrier may raise about 16 billion rupees ($290 million) from the sale of its 24 percent stake to Etihad Airways.