BUSINESS TRIP
Relationship between India, US 'multiplicative': US envoy Garcetti
"This (India-US) is a relationship that isn't just additive. It's not just the US plus India. It's multiplicative. It's the United States times India," Garcetti said at the meeting held in the suburbs of Washington on Monday.
Funds circling India debt risk being tripped Up by red tape
China's tax exemptions on bond investments set a precedent for India's sovereign debt market, likely attracting more foreign investors. The hurdles faced by outsiders in accessing the market include lengthy documentation, tax treaty variances impacting returns, and the need for registration via custodian banks for trading in certain bonds.
A car window dressing down
The first man says to the last man, 'I'm bringing the water because if we get thirsty, we can take a drink. And, of course, it makes sense to bring the samosas in case we get hungry. But why bring a car door?' The last man replies, 'If we get hot, we can just roll down the window.
From Ramayana to cricket, management lessons for India’s family businesses
As part of its Family Business Excellence Series launched in Mumbai, TriChambers identified aspects that can help such businesses achieve their highest potential.
Suits & Sayings: Solo Show
ET’s roundup of the wackiest whispers and murmurs in corporate corridors and policy parlours.
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Smooth flying: India plans to simplify immigration checks for international trips
The Indian government aims to develop airports as transit hubs for South Asia, incorporating a strategy called the confluence of flights. This allows travelers on connecting flights under the same ticket number, or PNR, to complete customs and immigration checks at their initial departure point and final destination, bypassing intermediary checks during layovers.
Delhi hotels to get busy with post-poll activity
Bookings in key hotels in Delhi are rising due to political activities involving key ministers, new MPs, and the swearing-in ceremony of the new government.
When you're stuck in a far-flung cauldron
For nearly two weeks, we would sleep with the sonorous drone of choppers circling over our Hotel Le Paris, and we had no way of leaving the island. A state of emergency had been declared, a strict curfew imposed, and no restaurants or shops were open for business. Had we greedily ignored the warning signs?
Dhanuka Agritech promoters, Lenskart founder buy apartment at The Camellias in Gurgaon
Promoters of Dhanuka Agritech and Lenskart’s Peyush Bansal bought apartments at The Camellias in Gurgaon for Rs 80 crore, joining other business leaders at the upscale residential complex.
Temperature surges, so does summer travel this year
According to MakeMyTrip's summer travel trends, the family travel segment has grown by 20% this year, as compared to the summer of 2023, while solo travel grew by 10% over last year's numbers. In terms of most booked holiday packages this summer, destinations with cool mountain terrains are the top picks with Himachal Pradesh, Kashmir, Goa, Kerala and the North East emerging as most sought after places.
What holiday plans? Indians tripping on last-minute rush
Indian travellers are increasingly opting for last-minute bookings for both domestic and international destinations due to factors like more visa-free options, lower average age of travellers, rising disposable incomes and availability of spontaneous booking choices.
EaseMyTrip's Nishant Pitti, SpiceJet owner Ajay Singh pull out of Go First race
The Singh-Pitti consortium's pullout leaves the revival of Go First in jeopardy. They were the frontrunners for the troubled airline with a total bid of around ₹1,600 crore.
Visa fee hike hits IT cos; Airport cab fares set to rise
Happy Friday! The hike in H-1B visa fee will hurt IT service companies severely, experts have warned. This and more in today’s ETtech Morning Dispatch.
Hiring surge in travel and tourism: What it means for mid-career and senior roles
India's travel and tourism sector has rebounded post-pandemic, contributing Rs 16.5 trillion to the economy and creating 39 million jobs by 2020. The sector is also witnessing a spike in demand for AI specialists and data operations in the hospitality industry.
Easy Trip Planners signs letter of intent to join ONDC
Easy Trip Planners Ltd signed a letter of intent at 'ONDC Startup Mahotsav' to join ONDC, in support of India's digital commerce transformation. The collaboration aligns with the company's vision of being nation-first and contributing to India's digital economy growth, led by EaseMyTrip Co-Founder Rikant Pittie.
Delays in Schengen visa appointment prompt Indians to change course to Georgia, Japan
For the third consecutive year, delays in Schengen visa appointments have led Indian travelers preparing for their summer vacations to explore alternative destinations. Industry executives note a growing trend of Indian holidaymakers turning to countries like Georgia, Australia, and Japan, which offer simplified visa procedures. Particularly noteworthy is Georgia's e-visa system. According to Rajeev Kale, President of Holidays at Thomas Cook (India), demand for Georgia has skyrocketed by an impressive 600% year-on-year.
Top travel credit cards with most value-back: Airport lounge access, discounts on airfare, business class vouchers, rewards
Top travel credit cards: Here are some of the top banks' travel credit cards providing significant value-back on travel spends. Some of these cards are co-branded with popular travel portals or airlines while others offer general travel benefits.
Five lakh sellers onboard ONDC so far: DPIIT secy
Asked if big startups would overshadow smaller players, DPIIT secretary Rajesh Kumar Singh said it will increasingly get traction for all types of players that comes to the ecommerce marketplace.
ONDC getting traction; five lakh sellers onboarded so far: DPIIT Secy
The government-backed initiative ONDC in the e-commerce sector onboarded five lakh sellers, primarily small and medium sellers. Secretary Rajesh Kumar Singh from DPIIT mentioned facilitating 7.22 million transactions in April. The initiative aims to address market concentration issues and foster startup collaboration with over 125 ecosystem stakeholders.
MakeMyTrip Q4 Results: Company posts profit of $ 171.9 million up from $ 5.4 million a year ago
MakeMyTrip reported a revenue of $ 782.5 million for financial 2024, up from $ 593 million in fiscal year 2023. The company posted a revenue of $ 202.9 million in the fourth quarter of financial year 2024, up from $ 148.5 million in quarter four of financial year 2023.
Imported shoe brands trip as BIS nod delay begins to bite
Many of the brands have been forced to take footwear off the shelf - online and offline - or are selling a much smaller range with old stock, industry executives said. The BIS Quality Control Order (QCO) mandates compulsory certification for factories making the final product and some specified key components, such as rubber, PVC or polyurethane soles and heels.
Air India adds an offering for your Switzerland trip
Air India’s new service will provide travellers in Switzerland, as well as those in southern Germany and western Austria with a non-stop option to travel to Delhi, and onward to destinations across Air India’s growing route network, particularly in the Indian Subcontinent, Southeast Asia, and Australia.
No Indian firms involved in providing 'Visa on Arrival' at Colombo airport: High Commission
The High Commission of India in Sri Lanka refuted claims blaming an "Indian company" for visa issuance problems at the Bandaranaike International Airport. They clarified that the companies involved are not India-based, dismissing any association with India. Sri Lankan immigration authorities regained control of the 'Visa on Arrival' counters at the Colombo International Airport after the Indian firm allegedly failed to operate smoothly.
MakeMyTrip now accessible to travellers worldwide
MakeMyTrip has expanded its reach to over 150 countries including major travel markets. The platform adhered to international compliances like GDPR and CCPA. Co-founder Rajesh Magow highlighted the company's commitment to data protection and the goal of catering to a broader audience, particularly the Indian diaspora, and increasing inbound tourism to India.
Why time is running out across the Maldives' lovely little islands
In the Maldives, a nation of contrasts emerges between the bustling capital of Malé and the quiet, depopulating outer islands. As residents migrate to urban centers for better opportunities, the government faces challenges of urban development and environmental impact. Amidst this evolution, individuals navigate personal journeys and sacrifices for a brighter future.
MakeMyTrip and Singapore Tourism Board ink MoU to spark Indian wanderlust
MakeMyTrip and Singapore Tourism Board have signed an MoU to boost Singapore as a top destination for Indian travelers. Collaborative efforts to enhance inbound travel through tailored holiday packages and marketing campaigns. Singapore sees significant interest from Indian tourists, aiming to attract more visitors by expanding infrastructure and improving amenities.
Yeh dil maange luxury! Indians holiday in style
Companies are catering to this trend with upscale offerings, such as Thomas Cook's relaunch of premium European packages and Cleartrip's surge in sales of premium air tickets. This shift reflects a growing preference for exclusive and curated travel experiences among Indian travelers.
As economy flies high, so does corporate air travel: Business flyers pass pre-Covid numbers
Executives at airlines and travel companies said increased activity among IT, mechanical, banking services, and pharmaceutical companies is driving the trend. At a time when fares are rising amid capacity cuts by airlines, the growth trend in corporate travel is seen to be stickier than that in the more price-sensitive leisure travel segment.
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