- Reuters
India company tribunal clears Air India-Vistara merger
An Indian company tribunal approved the merger of full-service carriers Vistara with larger rival Air India on Thursday, according to an order dated June 6, bringing both Tata group airlines a step closer to completing the deal. The merger, first announced in November 2022, will include Vistara, which is 49% owned by Singapore Airlines being absorbed into Air India, giving Singapore Airlines a 25.1% stake in the merged entity. "A sanction is hereby granted to the 'Composite Scheme of Arrangement' amongst the petitioner companies and their respective shareholders," the National Company Law Tribunal (NCLT) said in its order.
- AFP
Japan household spending sees first rise in 14 months
Japan's household spending rose in April for the first time in 14 months, official data showed Friday, as wages grow at the fastest pace in three decades.Japan's largest business group Keidanren last month put the rate of wage increases among major companies at 5.58 percent -- the first time it has topped five percent in 33 years.
- WFLA Tampa
2 people shot in Manatee County less than 1 mile apart
The day's major news events, business reports, local sports updates, weather information and tomorrow's forecast are presented by the News Channel 8 Team.
