The retail frenzy over initial public offers (IPOs) seen over the past few months is not without reason. Over the past two years, 61 companies have tapped the primary market and raised funds via IPOs. Of these, 24 companies (nearly 39 per cent companies) have more than doubled at the bourses with Happiest Minds, IndiaMart Intermesh, Indian Railway Catering and Tourism Corporation (IRCTC), Affle India and Route Mobile surging 468 per cent to 722 per cent since their listing date till now. Retail participation in the equity market, according to analysts, has just reached an inflection point due to the low interest rate regime amid lack of investment-worthy avenues that can generate a good return for investors.
Soon the websites of Air India, Delhi Tourism, Bharat Sanchar Nigam and Indian Railway Catering and Tourism will have the dot Bharat suffix.
Tata group's hospitality firm Indian Hotels Company Ltd (IHCL) on Friday said its 'Taj' brand has been rated as the strongest hotel brand in the world. According to the 'Hotels 50 2021' report by Brand Finance, Taj topped the strongest brands list for having stood resilient in spite of the challenges posed by the pandemic, besides other achievements.
The central government has asked public sector undertakings to dissuade their employees from participating in the bandh.
Affluent travellers from India, China and South Africa are making a beeline to Malaysia and are set to become the top source markets of big spenders for the scenic country's tourism industry over the next two years.
Shoaib Akhtar also urged everyone to follow the necessary precautions and requested not to share any jokes on coronavirus.
The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report. The country's economy had contracted by 7.3 per cent in fiscal 2020-21. The agency said the outlook for the Indian economy on almost all counts in FY22 would look seemingly better than FY21 on account of the negative base effect.
Industry says though most pending issues have been deliberated upon by Tourism ministry, they are yet to be implemented
Giving a relief to exporters community, the government on Thursday said it will release Rs 56,027 crore to exporters against pending tax refunds under different incentive schemes for outbound shipments. The amount will be disbursed to more than 45,000 exporters. Briefing the media about the decision, Commerce and Industry Minister Piyush Goyal said that the Rs 56,027 crore, which is being released under various export promotion schemes, is over and above duty remission of Rs 12,454 crore for the Remission of Duties and Taxes on Export Products (RoDTEP) Scheme and Rs 6,946 crore for Rebate of State and Central Levies and Taxes (RoSCTL) Scheme already announced.
'The classic thing we need as a country is the virtuous cycle where you have robust demand which leads to more capital spending which in turn leads to more job creation and more money in the hands of people.'
At present, the railway services in Kashmir operate between Banihal in Ramban District and Baramulla only.
According to a joint study by Assocham and Yes Bank at present the industry employs less than 4 lakh (400,000) people. In 2008-09, it attracted capital investments of $5.3 billion.
'Guarding the borders in extreme weather conditions is not easy and most people don't realize it is a very tough job.'
Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.
The islands that would be connected through seaplanes are Campbell Bay, Car Nicobar, Havelock, Hutbay, Neil, Long Island and Diglipur, reports Arindam Majumder.
In the 2021 QS rankings announced in London on Wednesday, IIT Bombay continues to be the best-ranked Indian institute at 172, a 20-slot dip from the 2020 ranking.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
An Infosys employee is among those being held hostage by an unidentified armed man who stormed a downtown cafe in Sydney, the IT major said on Monday.
Demand for repeal of the act found echoes in the nation's Parliament with National People's Party (NPP) MP Agatha Sangma, a former Minister in the United Progressive Alliance government, terming the act as 'the elephant in the room which (needs to) be addressed' and seeking the 'draconian' Act be repealed.
RailYatri offers a host of travel-related services to a 4.5 million user base. Shine Jacob finds out what's next for the app.
PM Modi, who was addressing the nation in the 18th edition of his Mann Ki Baat programme, said Team India has recently registered two brilliant wins in the World T-20.
Experts attribute the lower target to increased allocation under the credit guarantee scheme for small businesses. Out of the Rs 3.21 trillion worth loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) in the last financial year, Rs 3.12 trillion were disbursed to entrepreneurs, according to official data.
India shifted gears in rejuvenating strategic ties with its major partners like the US and Russia and focused on drumming up global support for its distinct strategy in the Indo-Pacific to check Beijing's increasing muscle-flexing in the region.
The minister assured the families that the people would be airlifted as soon as possible.
Of the total trains, 2,875 have terminated, while 401 are in transit. The top five states and union territories from where maximum trains originated are Gujarat (897), Maharashtra (590), Punjab (358), Uttar Pradesh (232) and Delhi (200).
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
Indonesia will now allow visa-on-arrival facility for tourists from 14 countries, including India, in an effort to boost foreign arrivals.
Representing India at the 'High-Level Segment for Heads of States and Government' at the UN COP26 underway at Glasgow, UK, Prime Minister Modi said that India is working very hard on tackling climate change related issues.
'Family businesses have to put competent people in charge who believe they can get to the top.'
'If you don't remove the glass ceiling, you won't get the best talent.'
The Indian Army has shown it can face down the PLA, but is too often held back by a political leadership that lacks boldness, asserts Ajai Shukla.
When humanity's away, the animals will play. With much of the world driven indoors to quarantine during the coronavirus pandemic lockdown, some species not often seen -- or, at least, rarely in such large numbers, and certainly not against such empty backdrops -- are exploring cities across the globe. We must sadly report that though there have been many circulating on social media, many of these optimistic posts have turned out to be fake -- there were no dolphins in Venice's celebrated canals, or drunken elephants ambling through China's Yunnan province. However, there are some other instances where animals have, in fact, come out to explore city streets.
The US wants its trade with India to grow multi-fold, Assistant Secretary of State for South and Central Asia Nisha Desai Biswal told lawmakers.
The first firing which killed six civilians, occurred when army personnel mistook coal mine workers returning home in a pick-up van singing songs on Saturday evening, to be insurgents belonging to the Yung Aung faction of the banned outfit National Socialist Council of Nagaland-Khaplang (NSCN-K), about whose movements they had been tipped-off.
Officials also said that the move to send out the emails was a conscious choice as part of a communication strategy for public interest.
US President Barack Obama said there is natural convergence between India and the United States.
In photos: Priyanka Chopra as Assam Tourism's new ambassador.
The 79-year-old widely respected and popular leader steered the Congress in 2017 to a landslide victory in the 117-member assembly to occupy the chief minister's post for the second time.
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