India’s Tata goes into the airport business

Salt-to-software conglomerate Tata Group has made a move into the airport industry by picking up a stake in the GMR Group with two Singaporean partners. Tata already runs airlines, charters and aviation catering businesses. Along with Singapore’s sovereign wealth fund GIC and SSG Capital Management, Tata Group will invest 80 billion rupees (US$ 1.2 billion) […]