Welcome to this week’s edition of top stock market highlights. Singapore Airlines Limited (SGX: C6L) Singapore Airlines Limited, or SIA, has agreed with Tata Sons to merge Air India and Vistara. SIA will inject around S$360 million into Air India as part of this deal, giving the former a 25.1% stake in the latter and a significant presence in key market segments. Currently, SIA and Tata Sons hold a 49% and 51% stake in Vistara, respectively, while Tata Sons wholly owns Air India. This merger is projected to complete by March 2024, subject to regulatory approvals, and will be fully funded by SIA’s internal cash resources. Both SIA and Tata Sons will participate in any further capital injections needed for the enlarged Air India group, with a capital injection of up to S$880 million required after the merger is completed. This transaction will benefit SIA by boosting its presence in India, thereby strengthening its multi-hub...