CURRENT AFFAIRS

Detailed explanation-1: -The companies to be merged into Tata Steel include Tata Steel Long Products. of India, Tata Metaliks, Indian Steel & Wire Products, Tata Steel Mining, S&T Mining Co, and TRF.

Detailed explanation-2: -The board of Tata Steel has approved the amalgamation of 7 of its subsidiaries-Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into and with its parent company Tata Steel.

Detailed explanation-3: -Tata Consumer is set to acquire India’s largest packaged drinking water company, Bisleri, for an estimated Rs 6, 000-7, 000 crore. Chairman Ramesh Chauhan is aiming to disinvest Bisleri International to Tata Consumer Products three decades after selling soft drink brands Thums Up, Gold Spot and Limca to Coca-Cola.

Detailed explanation-4: -India-based TSL announced on 22 September 2022 that its board has approved its merger with six subsidiaries and one associate, using share swaps instead of cash.

Detailed explanation-5: -2. Tata Group/Air India. Tata Group, India’s largest conglomerate, acquired the nationalised airline Air India in 2022. Tata also announced the merger of Air India with Vistara, a joint venture between Tata Sons and Singapore Airlines.