After data centres and fulfilment centres (for ecommerce), Adani Enterprises (Adani) has further deepened it’s relationship with Flipkart by acquiring a significant minority stake in the latter owned Cleartrip – the air ticket booking platform. Adani is the country’s largest airport operator and the subject acquisition is targeted towards complementing the same and to also … Read more
Indian Hotels Company Ltd (IHCL) while announcing the Q2 results for FY 22, informed about two more key decisions – It’s acquiring balance 39.84% of Roots Corporation Limited (operates Ginger brand of hotels) at an equity valuation of Rs 1,225 crore (i.e., for Rs 488 crore). Stake would be acquired from the existing shareholders making … Read more
With covid-19 vaccination drive in full steam across the world, nearly 73% of millennial Indians would like to travel to international destinations with fewer covid cases, a travel sentiment tracker said. About 67% would want to go to destinations with easy covid policies and protocols, according to Business Of Travel Trade (BOTT), a media platform … Read more
Most perceptions of private aviation include chartering an expensive plane and spending thousands of dollars for just an hour of flight time. But a growing market in aviation is for personal private jets, planes that are small and simple enough that they can be flown by one person while being cheaper to operate than traditional … Read more