Vakrangee Ltd: The company has reported net profit growth of 100.90% to Rs26.74 crore for the quarter ended September, up from ₹13.31 crore in the year-ago period. Tata group: India’s largest conglomerate was on Friday named the winning bidder for Air India. This will give the group full control of Air India and its low-cost unit Air India Express as well as a 50% stake in ground handling company Air India SATS Airport Services Pvt. Air India was founded as Tata Airlines in 1932 as the country’s first airline but nationalised in 1953. Macrotech’s net debt for its India business is around ₹12,508 crore.

Source: Mint October 11, 2021 01:52 UTC