BUSINESS TOURISM
Mid-career opportunities open up in the travel and tourism industry
The travel and tourism sector is experiencing significant growth post-pandemic, providing ample opportunities for mid-career professionals. Skills in data analytics, customer experience, and sustainability are in high demand. Upskilling in areas such as Excel, SQL, and destination knowledge can lead to a successful career transition. Freelance roles in hotel staff, tour guides, and marketing are also on the rise.
Share price of IRCTC falls as Sensex gains 179.71 points
A total of 33,064 shares changed hands on the counter till 12:58PM (IST)
Tizu Zunki river to be harnessed for economic development of Nagaland: Union minister Sarbananda Sonowal
The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, along with Chief Minister Neiphiu Rio, unveiled significant initiatives to harness the waterways potential in Nagaland. Projects include studying the feasibility of Tizu Zunki as National Waterway 101 and enhancing tourism at Doyang River lake. The focus on waterways aligns with PM Modi's vision for economic growth. The Inland Waterways Authority of India is actively working on multiple projects to develop the region's water transportation infrastructure.
Sudip Bandyopadhyay on 4 stocks to be bullish on from hospitality sector
As far as the hospitality sector is concerned, again it is a great space now and things are looking really good. But if I have to pick up a few stocks from this entire travel-tourism theme, I will probably go to one of the technology companies and some of the other hotel companies. So, as far as hotel companies are concerned, for a long-term investor, Indian Hotels and East India Hotels is good.
Share price of IRCTC falls as Sensex gains 513.99 points
A total of 45,717 shares changed hands on the counter till 11:36AM (IST)
Fund on tourism theme ‘narrow’, may not suit all investor profiles
Unleash your high-risk appetite with the new Tata Nifty India Tourism Index Fund! This fund offers a unique opportunity for bold investors to dive into the world of tourism stocks. But beware, experts warn that this fund may not be for the faint-hearted. Are you ready to take the plunge?
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Share price of IRCTC falls as Sensex drops 733.32 points
A total of 68,821 shares changed hands on the counter till 11:21AM (IST)
TFCILTD in focus: Adani Group advisor and former MD & CEO of Karnataka Bank join TFCILTD
TFCILTD, an NBFC, appoints Deepak Amitabh and Dr Mahabaleshwara MS, boosting strategic capabilities. Amitabh, an Adani Group advisor, is strong in financial strategy. Dr. Mahabaleshwara, ex-MD & CEO of Karnataka Bank, enhanced digital footprint, key for financial planning, management, governance, and exploring growth avenues.
Union Budget: Will Budget 2024 book tourism’s ticket to growth?
Budget Expectations: The 2024 interim Budget saw a 44.7% increase in tourism sector allocation, a promising sign for industry growth. With job opportunities on the rise, stakeholders eagerly await the upcoming Budget announcements. Strategic investments in infrastructure and connectivity are crucial for India's booming domestic travel market. Expectations include simplified GST regulations and tax reforms to drive sustainable tourism practices and economic growth.
Should investors take a fresh bet on railway stocks just ahead of Budget? Gurmeet Chadha answers
I think you have to be selective here and probably differentiate between life and non-life insurers. If you see the June data, there are some green shoots. Even LIC has had 30% APE growth. APE is your annualized premium equivalent because a lot of policies are also sold as single premium or where the premiums are upfronted. HDFC Life reported a decent set of numbers.
Goa tourism dept's proposed bill aims at plugging revenue leakages, regulating sector: Minister
Goa tourism minister addresses concerns over the proposed bill to regulate events and charge fees. The bill aims to plug revenue leaks, enhance tourism facilities, and ensure discipline in the sector. Stakeholders and common people are invited to provide suggestions until July 21.
Budget 2024: Travel agents body demands industry status, GST rate rationalization for tourism sector
Union Budget 2024: On Monday, the Travel Agents Association of India (TAAI) called for several measures to support the domestic travel and tourism sector. These include streamlined visa requirements, promoting visa-free entry for tourists, rationalising GST rates and GST credit, and granting industry status to all stakeholders. The sector contributes 5.8 percent to India's GDP and has an ambitious target of reaching USD 1 trillion by 2047.
NFO Watch: Tata Mutual Fund launches Tata Nifty India Tourism Index Fund
Tata Mutual Fund has launched Tata Nifty India Tourism Index Fund, the nation's first tourism index fund comprising a collection of companies forming part of Nifty 500.
Share price of IRCTC jumps as Sensex drops 89.41 points
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.08 per cent and 2.97 per cent, respectively.
Spiritual apps get blessed with more users, investors post Covid
Post-pandemic spiritual and astrology apps have seen a significant resurgence, benefiting from increased online engagement and a growing interest in spiritual practices. Startups such as Vama.app are seizing this opportunity by offering virtual pujas, temple darshans, and astrology services, marking a notable shift in consumer behaviour towards digital spiritual experiences.
Is Hawaii emerging as a center for drugs? Mexican cartels target popular tourist spots in the Island
It has been reported that Mexican drug cartels are targeting the islands of Hawaii. The high number of tourists visiting the islands is leading to an increase in demand for these narcotics. Authorities are working overtime to prevent the flow of drug into the Islands. Meth and Fentanyl are the two drugs which are in demand.
India’s burgeoning adventure tourism faces problems that, if not fixed, will kill this golden goose
India has vast adventure tourism potential due to its diversity of geography and opportunities. But many trek operators are doing good business but, unfortunately, cutting corners on the crucial issue of trekkers' physical safety, neglecting to check fitness levels, employ trained staff or adequately warn customers that while adventure tourism can be thrilling, they can kill people if certain protocols are not followed.
Share price of IRCTC jumps as Sensex gains 199.17 points
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.08 per cent and 2.97 per cent, respectively.
Share price of IRCTC falls as Sensex gains 483.26 points
A total of 114,429 shares changed hands on the counter till 02:05PM (IST)
Share price of IRCTC jumps as Sensex gains 301.65 points
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.08 per cent and 2.97 per cent, respectively.
IRCTC shares up 0.2% as Nifty gains
The stock quoted a 52-week high price of Rs 1148.3 and low of Rs 614.45.
Moscow summarizes the results of the first BRICS tourism forum
The BRICS Tourism Forum in Moscow facilitated collaboration and the formation of the BRICS Tourism Working Group to enhance sustainable tourism among member countries, showcasing the growth potential of the tourism sector.
Share price of IRCTC jumps as Sensex gains 84.23 points
A total of 215,598 shares changed hands on the counter till 11:11AM (IST)
Share price of IRCTC jumps as Sensex gains 14.44 points
A total of 51,389 shares changed hands on the counter till 10:10AM (IST)
Cambodia-India Tourism Year launched in New Delhi
The first Cambodia-India Tourism Year was inaugurated in New Delhi, marking the commencement of the inaugural direct flight service by Cambodia Angkor Air between Phnom Penh and New Delhi. The event, officiated by Manisha Saxena, emphasized the significance of the initiative for boosting tourism between the two countries.
India, Russia to sign pact for visa-free tourism this year
"India is at the final stage of internal state coordination," Nikita Kondratyev, director of the Russian Economic Development Ministry's Department of Multilateral Economic Cooperation and Special Projects, said on the sidelines of the International Economic Forum "Russia - Islamic World: KazanForum 2024" in Kazan.
Top luggage firms see slower growth in Q4
Samsonite, Safari, and VIP Industries faced growth declines in India. Samsonite's business fell 10%, Safari's growth slid to 21%, and VIP Industries saw sales taper to 14%. China regained Samsonite's top market position post travel restrictions. Neetu Kashiramka discussed industry growth, and the shift towards hard luggage was highlighted in a RedSeer report.
Hotels up hiring game: About 100,000 jobs likely to be created in 12-18 months
Hotels across segments are ramping up their workforce as they are adding more rooms and entering new markets amid a strong pickup in business and leisure travel. The jobs they are recruiting for are a mix of permanent, temporary and gig, said Balasubramanian A, vice president and head of consumer, hospitality and ecommerce at TeamLease.
M3M to lease 1.5 million sq ft of commercial space in 2024-25
Company’s one-million square feet, International Financial Centre (IFC) at Golfcourse Extension Road is already 100% occupied while 700,000 square feet office space project, Urbana Business Park (UBP), is also has 75% occupancy.
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