Vistara will cease operations on November 11, 2024, as it merges with Tata group’s Air India. Bookings for Vistara flights on or after November 12 will be redirected to Air India, and all Vistara aircraft will be operated by Air India. The merger follows the Indian government’s approval of Singapore Airlines' ₹2,059 crore investment in Air India, which now holds 25.1% stake in the merged airline. This consolidation is part of Air India’s transformation program, Vihaan.AI, aiming to create a globally competitive airline with both full-service and low-cost operations.

Kaivalya Vohra, co-founder of Zepto, is the youngest person on Hurun's list of India's richest, with a net worth of ₹3,600 crore at age 21. His co-founder, Aadit Palicha, 22, is the second youngest on the list. Both Vohra and Palicha dropped out of Stanford University’s computer science program to start Zepto in 2021. The company was launched to meet the increased demand for quick, contactless delivery during the Covid-19 pandemic. Zepto operates in India's competitive grocery delivery market, where it competes against major players such as Amazon India, Swiggy Instamart, Blinkit, and Tata Group's BigBasket.

The Indian government has approved a $276 million investment by Singapore Airlines in Air India, clearing the final hurdle for the merger with Vistara. The deal, expected to be completed by year-end, will combine the planes, staff, and routes of both airlines, with Singapore Airlines holding a 25.1% stake in the enlarged Air India Group. This investment is part of Air India's restructuring efforts, and marks a significant step towards creating a stronger, more competitive airline group in the Indian aviation sector. The Tata Group, joint owner of Vistara, will also benefit from the merger.

Indian shares hit record highs on Friday, with the NSE Nifty 50 reaching 25,257 and the S&P BSE Sensex climbing to 82,637, both marking all-time peaks. The surge was supported by strong regional market performance and positive U.S. economic data that eased growth concerns. The Nifty index extended its winning streak to 11 sessions, the longest in nearly 17 years, fueled by expectations of a U.S. interest rate cut in September. Domestic institutional investors (DII) bought $6.14 billion worth of shares in August, offsetting foreign portfolio investor outflows. Asian markets also gained, with MSCI's broadest Asia-Pacific index rising 0.7% following Wall Street's rally.

India's competition watchdog has provisionally approved an $8.5bn merger between Disney and Reliance Industries, creating the country's largest entertainment company. The venture, led by billionaire Mukesh Ambani, will hold the majority of broadcasting rights for key sports events, including cricket. The deal, which is expected to be finalized in six months, will be chaired by Nita Ambani. Concerns about control over cricket broadcasting were addressed, with the companies pledging not to raise advertising rates excessively. The merger will also give them rights to other major events like Wimbledon and the English Premier League.

SpiceJet passengers at Dubai airport were denied check-in on Thursday, August 29, 2024, due to unpaid airport dues. The airline, facing financial troubles, operated empty flights out of Dubai. This marks the latest in a series of disruptions, with passengers reportedly encountering similar issues over the past week. SpiceJet is also dealing with delayed salaries for employees, including pilots and cabin crew, leading to demonstrations in Guwahati. Concerns have arisen over the airline's failure to deposit provident funds and tax deductions. Authorities, including the Ministry of Civil Aviation, continue to monitor the situation closely.

Warren Buffett's Berkshire Hathaway has become the first non-tech US firm to hit a $1 trillion market cap. The conglomerate's shares rose 0.8% on Wednesday, pushing its market value above the trillion-dollar mark. This year, Berkshire's stocks have surged 30%, outperforming the S&P 500's 18% gain. The company has added over $200 billion to its market capitalization in 2024, a record for the firm. This achievement solidifies Berkshire Hathaway's position as one of the world's most valuable companies, showcasing its impressive growth and investment prowess under Buffett's leadership.

Tilda has partnered with Ladies of Virtue Outreach CIC (LOVO) in the UK, pledging £10,000 to support their initiatives over the next 12 months. This donation will fund LOVO’s English language programs and weekly global lunches in Peckham, where women from diverse backgrounds gather to share traditional dishes. LOVO, dedicated to tackling poverty, unemployment, and domestic violence, operates on pillars of Community, Growth, Gratitude, Self-Care, and Wisdom. The partnership also includes community events throughout 2024, beginning with a vibrant gathering in June featuring Zumba, nutrition talks, and well-being sessions. Jean Phillipe, Managing Director of Tilda, emphasized their commitment to community and cultural diversity. Ola Olive Stephen, Founder & Director of LOVO, praised the collaboration, noting it will help the organization expand its reach and impact.  

The Securities and Exchange Board of India (Sebi) has imposed a five-year ban on Anil Ambani and 24 others, including former Reliance Home Finance executives, from trading in the securities market. Sebi's 222-page order accuses them of a fraudulent scheme involving the diversion of funds from RHFL under the pretense of loans to related entities. Along with the trading ban, Sebi has fined Ambani ₹25 crore and barred him from holding any directorial or key managerial roles in listed companies or registered intermediaries for five years.

Starbucks' new CEO, Brian Niccol, will commute daily from California to Seattle, covering 1,600 kilometers each way using a corporate jet. As part of his employment agreement, Niccol will be in the Seattle office at least three days a week, in line with the company's hybrid work policy. At 50, Niccol will receive a base salary of $1.6 million annually. His performance could earn him an additional cash bonus ranging from $3.6 million to $7.2 million, along with potential annual equity awards worth up to $23 million. This arrangement underscores the company's confidence in Niccol's leadership despite the challenges posed by his long commute.