TOURISM FINANCE

Infrastructure status: Hotel companies' budget wish

The hospitality industry is advocating for infrastructure status in the upcoming budget to access better financing options and attract investment. There is a growing need for more hotel rooms to support the ambitious tourism targets set for the future.

Hotel Association of India seeks infrastructure status for hotels ahead of budget

The hospitality industry is advocating for infrastructure status for hotels ahead of the budget, highlighting the importance of access to finance and investment opportunities. With a focus on job creation and industry growth, government officials are considering expanding the harmonized list of infrastructure to support the sector's development. Stay updated for potential updates in the upcoming budget.

Going forward, expect good growth from Aadifidelis Solutions: Shikhar Aggarwal, BLS International

Shikhar Aggarwal, Joint MD, BLS International Services talks about inclusion in Nifty tourism index, synergies from buying stake in Aadifidelis Solutions and more. Aggarwal also discusses the major contract renewals which are expected in the next six to nine months. He also says that in one, one-and-a-half years, multiple contracts are expected from European and North American markets

Kerala's financial crisis artificially created by Centre, alleges state finance minister K N Balagopal

The Kerala government accused the Centre of undermining the country's federal structure, leading to a financial crisis in the state. Finance Minister Balagopal said that the Centre's treatment of funds raised by the Kerala Infrastructure Investment Fund Board (KIIFB) as part of Kerala's borrowing severely impacted resource mobilization initiatives. Despite challenges, KIIFB spent Rs 29,100 crore on projects, aiming for Rs 50,000 crore in total.

​​These 4 smallcap stocks closed crossing above VWAP on June 21

Modi Cabinet portfolios allocated; Sitharaman retains finance ministry, Jaishankar to serve as EAM again

NDA Full List Ministry Portfolio: Prime Minister Narendra Modi began his third consecutive term on Monday by allocating key portfolios to ministers following their swearing-in ceremony. This cabinet formation includes 30 cabinet ministers, 36 ministers of state (MoS), and 5 MoS with independent charge from the BJP and its allies, marking the establishment of the National Democratic Alliance (NDA) government under his leadership

India has made huge strides, but the new govt still has a lot to do

The past decade in India has seen significant transformations in infrastructure, economic reforms, and digitization, laying the groundwork for sustained growth. The challenge for the new government is to maintain an 8%-plus growth rate and increase per capita income. To achieve this, private investment must drive growth, with investments rising to 32-35% of GDP. Scaling up manufacturing, outcome-oriented skill development, supporting women and youth entrepreneurs, reforming municipal governance, realizing tourism potential, accelerating R&D, and addressing urban challenges are key areas for action.

Stocks in news: RIL, Hindalco, PNB Housing, Grasim, Tata Steel

State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.

Maldives gets IMF debt warning as more Chinese loans loom

Maldives warned by IMF of 'debt distress' due to heavy borrowing from China. Urgent need to increase revenue, reduce spending, and limit external borrowing to avoid economic crisis amid high risks and dependence on Chinese funding.

Paris, Milan become the new favourite shopping destinations for travellers after London's 'Tourist Tax'

After Brexit, the UK discontinued tax-free shopping incentives, leading thousands of tourists to redirect their shopping to Paris, Milan, and Madrid. Despite lobbying efforts, the UK remains steadfast in its decision. The shift has resulted in increased spending per person, particularly in France and Italy. While some argue the policy negatively impacts tourism, the UK government asserts it benefits public finances.

Envisioning a career in travel and tourism? Check out this quick know-how guide

The travel and tourism industry in India offers diverse career opportunities, with companies seeking talent in various sectors. Skills like communication, problem-solving, and industry knowledge are vital for success in this dynamic field.

Who will get D-Street's vote: Stocks to benefit from a BJP win in polls

"The BJP manifesto has a strong positive read-through for Indian equities," said Seshadri Sen, head of research at Emkay Global Financial Services. "Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners."

BJP's election manifesto a blueprint for economic growth; over 40 stocks to be on investors watchlist

Investors analyze BJP's manifesto for economic changes and governance reforms. CLSA and UBS highlight infrastructure focus, governance reforms, and stock market impacts. BJP's policies create opportunities for specific industries. Stock recommendations include sectors like tourism, EVs, and natural gas.

Ferns Estates buys luxe hotel in Goa for Rs 175 cr

Bengaluru's Ferns Estates has acquired a luxury hotel in Goa with plans to develop additional suites, aiming to capitalize on the high demand for such accommodations. The company secured a ₹150 crore project loan from Bajaj Finance for this expansion. With Goa being a popular tourism destination, the move is expected to enhance Ferns Estates' profitability. Additionally, the company plans to add about 1,000 keys to its resort portfolio over the next 3-5 years, targeting diverse locations to cater to a wide range of travelers.

Mutual Funds exited these 5 stocks in February. Do you own any?

​India mutual funds have exited these 5 stocks from their portfolio in February, according to the data pulled out from ACE MF.

67 smallcap stocks gain in double digits in a roller coaster market week

During the week, 67 smallcap stocks had a good run with double digit gains, higher than that of the previous week. In the preceding week, about 50 smallcaps rose in double digits.

Financials lift Nifty to record high for second day; Sensex reclaims 73,000

Blue-chip stocks Power Grid, HDFC Bank, Axis Bank, NTPC, and Kotak Bank were the top Sensex gainers, rising 2-4%. On the other hand, TCS, JSW Steel, HCL Tech, Bajaj Finserv, and Maruti Suzuki closed with cuts. Smallcap stock Zaggle Prepaid Ocean Services closed 14% higher after the company announced that it had entered into an agreement with EasyMyTrip Planners Limited for three years.

Tourism Finance Corporation hit 5% upper circuit amid block deal

TFCI Share Price: As per reports, on Tuesday, 13% of Tourism Finance's equity changed hands in a block deal. The buyers and sellers in the deal are not known.

Faith Unabated! Over 100 stocks that retail bulls bet on for 3 quarters turned multibaggers

Interestingly, several public sector companies have found them in this list and these stocks have more than doubled retail investors’ money in the last 10 months.

Hotels stocks rally up to 10% on Budget booster to tourism; which ones to buy?

Shares of hotel companies and travel solutions providers surged after the government announced measures in the Interim Budget for FY25 to boost leisure and spiritual tourism. The tourism industry received an allocation of Rs 2,449 crore to develop India as a hub for business and conference tourism. The government also proposed interest-free loans to states for the development of iconic tourist destinations.

BudgET 2024: FM Sitharaman launches projects to develop island tourism amid feud with Maldives

Time to lock profits in RailTel, IRFC and IRCTC as charts looking overbought: Aditya Arora

Aditya Arora of Adlytick believes that stocks like RailTel, RVNL, Tourism Finance, PVR-Inox, Mphasis, Torrent Pharma, SIS, and Praveg are overvalued and overbought. In the technology sector, he recommends buying Mphasis with a target of 2700. He also recommends Torrent Pharma as a pharma pick with a target of 2600-2700. SIS is another stock he finds attractive with a target of 580 to 600.

Bears waking up? Here are 7 largecap stocks with right mix of RoE & RoCE

It is a well known fact that equities are fraught with risk. But the word “risk” also needs to be further looked into. In equities the risk is more in the short term, over longer term, it is not very high. Also, when diversified in the manner that exposure is to different segments of an economy, risk of a sharp decline in value comes down. Another way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.