INOX Group has earlier supported various sporting events, teams and leagues in table Tennis, football, badminton, running, basketball and cricket, and building awareness among masses through effective promotional initiatives.
In 1930, John Maynard Keynes predicted that by 2030 technology would be so advanced that three hours of work per day would suffice. Has AI brought about the transformation that Keynes predicted, asks Atanu Biswas.
'Politics is a game of public perception and my father felt that by his long disappearances, Rahul Gandhi was losing the battle of perception.'
Diversified entity ITC Ltd on Monday said it will demerge its hotels business by incorporating wholly-owned subsidiary ITC Hotels Ltd, paving way to attract appropriate investors and strategic partners. With the company's hotels business maturing over the years, the company said the vertical is ready to chart its own growth path as a separate entity in the fast-growing hospitality industry. "The Board of Directors of ITC Ltd at its meeting held on July 24, 2023, evaluated and discussed various alternative structures for the hotels business.
Tourist arrival growth down to 1.9% over poor marketing and terror threats. Airlines, too, have been forced to reroute following airspace closure. UK and Australia advised their citizens from travelling to Srinagar following the Pulwama attack.
India is among the top three emerging markets in the wellness economy.
'Consumers are willing to increase travel spends by 20-30 per cent versus pre-pandemic.'
After years of being sequestered by the pandemic, some intrepid travellers are planning to settle their score with the novel coronavirus. With fewer or no travel curbs, they are eager to get back on the road, again. Hotels and tour operators, too, are eager to shed excess Covid baggage. And this year's Diwali promises to add that extra layer sparkle with the introduction of new flights.
By 2023, Vistara's hangars will house a total of 70 aircraft, up from the current 42.
World champion weightlifter Mirabai Chanu won India's first gold medal on Day 1 of the 2018 Commonwealth Games in Gold Coast on Thursday.
''The reason I have kept quiet is because all this tamasha will somewhere be read by my small children.'
Global private equity investor Advent International on Monday said it is acquiring a significant stake in Suven Pharmaceuticals from its promoters, the Jasti family. The PE major said this will be followed with an open offer to acquire 26 per cent more in the listed contract development and manufacturing organisation from public shareholders, and also merge the company with investee company Cohance Lifesciences, as per an official statement. Media reports on a Monday morning pegged the acquisition at Rs 6,300 crore, and that Advent had pipped rival Blackstone for the acquisition.
In what could result in a complete overhaul of the Insolvency and Bankruptcy Code (IBC), the insolvency regulator has sought public comments on the regulations it notified under the code to date. The Insolvency and Bankruptcy Board of India (IBBI) has given a window of eight months ending December 31 to all stakeholders to share their views on its regulations. IBBI has called the exercise "crowdsourcing of ideas".
Pakistan is playing a big part in the soccer World Cup by making the balls
Finland's flag carrier Finnair on Friday said it will connect Helsinki with India's financial capital Mumbai with a direct flight, starting July this year. Mumbai will be the airline's second destination in India after Delhi, where it has been flying since 2006. The to-be launched flight on Mumbai-Helsinki and vice versa will be open for bookings from April 5 onward, Finnair said in a statement.
The rise of domestic leisure travel, helped by rising income levels, is helping the industry offset the sluggishness in business from foreign visitors
Hotels are using a combination of platforms to reach out to the guests. These include online travel agents among others. hotels in India are offering guests an option to pay now and stay later.
Popular Tollywood heroine and Trinamool Congress member of Parliament Nusrat Jahan on Wednesday claimed her marriage with businessman Nikhil Jain was not a legal one but a live-in relationship as their wedding in Turkey did not have recognition in Indian law.
Indians are becoming much more spendy and discerning travellers and look for places that can offer them a 'new' kind of experience.
The government on Friday announced that no tax will be charged on overseas spending of up to Rs 7 lakh in a year using debit or credit as it looked to douse backlash from its earlier decision of levying TCS on all spending. The government had earlier this week brought overseas credit card spending under Liberalised Remittance Scheme (LRS). This meant that any spending using credit cards overseas would attract a 20 per cent tax from July 1.
After launching expressway projects worth almost Rs 1 trillion, the Uttar Pradesh government is now betting big on the aviation sector to propel the state's economic growth. Air travel, comprising both business and leisure, is expected to give a fillip to the socioeconomic landscape by attracting fresh investment. It would also ramp up infrastructure and create jobs.
One of cricket's greatest players passed into the ages on Monday. Rediff.com salutes the legend.
In December, over 1.7 million people have checked in over the weekends.
In Jammu and Kashmir, Eid prayers passed off peacefully and there was no report of any untoward incident, the police said.
'The number of films released in cinemas in 2022 was closer to 1,200. It could cross 1,500 in 2023, since nearly all big stars in Hindi and regional languages have films lined up this year.'
India needs 1.4 million hotel beds a night but has only 2.4 lakh, points out Rahul Pandit, MD and CEO of Ginger Hotels.
For six days in a row the active cases of COVID-19 remained below 9 lakh.
Low-cost carrier IndiGo, too, has slashed fares to match Air India's levels, but has not announced any scheme.
An overwhelming majority of Indians (84 per cent) feel it is safe to return to their workplaces, according to a Deloitte survey that suggests consumers in India are showing a positive spending intent and brighter outlook towards the future. The latest monthly analysis (wave 220) of Deloitte's Global State of the Consumer Tracker, signals a cautious consumption revival in the country, aided by the decreasing number of Covid-19 cases and an improved vaccination drive. The Global State of the Consumer Tracker is an online survey based on responses from 1,000 people each in 18 countries including India.
Weightlifter Gururaja Poojary opened India's medal tally on the first day of competition at the 21st Commonwealth Games, claiming silver in the men's 56kg category, on Thursday.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
With the fresh wave of COVID-19 plunging the hospitality sector back into uncertainty, industry body HAI on Monday said it has asked the government to consider granting infrastructure status to hotels, extend moratorium on loans and rationalise taxes. In its pre-Budget memorandum, the Hotel Association of India (HAI) said policy interventions are imperative for the sector's survival and its early and quick rebound to normalcy. "The hospitality industry was slowly getting into a recovery mode on the strength of domestic tourism - leisure and events, only to be plunged back into uncertainty on account of the Omicron threat.
'Given the worries about sluggish growth, rising interest rates and likely volatility, it's quite logical to infer that the SIP route could be the preferred way of investing.'
ITC Ltd on Friday reported a 23.09 per cent increase in consolidated net profit at Rs 5,070.09 crore for the third quarter ended December 2022, helped by growth momentum across its operating segments. The diversified company had posted a net profit of Rs 4,118.80 crore during the October-December quarter of the previous fiscal, ITC said in a regulatory filing. Its revenue from operations was up 3.56 per cent to Rs 19,020.65 crore during the quarter under review, as against Rs 18,365.80 crore in the corresponding period of the previous fiscal.
While airlines are seeing improved demand and industry-wide seat occupancy has increased to over 60%, it is road trips which are generating higher traction. Booking trends show that customers are also choosing homestays or four- star and five-star accommodations, as hygiene and safety is a priority now.
An all new bike maker has arrived in India introducing its cruiser bike, the UM Renegade Commando. Team MotorOctane shares the details.
The depreciation in rupee may pose a problem for students who have taken loans from Indian lenders.
Multiplex operators like PVR Ltd, Inox Leisure, Reliance Mediaworks and Mexican chain Cinepolis are scrambling to set up theatres
If you are planning a vacation, choose from these most clicked on destinations.
'We would love to have more players entering the market because that is how the business will grow.'
