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Ministry of Tourism launches "DekhoApnaDesh" webinar series

The ministry said the webinar series will provide information on the many destinations and the 'depth' and 'expanse' of the culture and heritage of India. The first webinar on Tuesday touched upon the history of Delhi and was titled " City of Cities- Delhi's Personal Diary'.




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IATO seeks full refund of fares by airlines for all cancelled flights

According to senior member Rajiv Mehra, no international flights are operating till May 1, so international ticket booking would not have happened during the first phase of the lockdown. "When there is no booking, the question of refund does not arise. As regards the domestic sector, everything is in lockdown, so virtually no bookings have taken place, so no refund would be required," he said.




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Stakeholders in tourism hotspot Sikkim demanded support

At least 40% of premium class foreign tourists visiting Nepal or Bhutan prefer touching Sikkim. Arrival of near 1.5 lakh foreign tourists and around 14 lakh domestic visitors in a year contributes a significant share to near Rs 400 crore worth annual tourism business of Sikkim-Darjeeling hills.




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Mahindra Holidays to first reopen resorts near metro cities post lockdown

Mahindra Holidays & Resorts India Ltd (MHRIL) on Sunday said it plans to first reopen resorts that are at drivable distance from the metro cities once the coronavirus lockdown is lifted.




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FAITH doubles loss guidance on tourism from Rs 5 lakh crore to Rs 10 lakh crore in meeting with EG-6

Federation of Associations in Indian Tourism & Hospitality, the policy federation of all the national associations representing the tourism, travel and hospitality industry of India has revised upwards its value estimates at risk to Indian tourism.




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Bengal investors in a fix as Covid pushes tourism to a brink in Sikkim

Lockdown has pushed hotel business in tourism hotspot Sikkim to the brink where investors from Bengal and other states are the first tire victims. Equal sufferer is over 70% of Sikkim's population dependent on hospitality industry that generates around Rs 1.5 k croer business there in a year.




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Can India's first multi-bank mobile payment platform, Chillr, stand up to a fight from wallet biggies?

It has been billed as the 'WhatsApp of money'.




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Life after 8/11: Banks believe the customers will return, once they’re done flirting with e-wallets

Nevermind the short-term hype. Banks believe they will be the last men standing in the payment wars.




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Why is customer service still so terrible in an age of wallets and mobile banking?

A move to reduce active offline banking in the country resulted in the extreme opposite, at least in the short term.




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What happened when women in rural India wanted to use payment apps

Speaking the same language is a business imperative if e-wallets want to make any kind of impact outside big cities.




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How two wires and cables manufacturers are trying to become household names

Now, wire makers want their spot in the light after providing us safe ways to light our homes.




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Future Group's Devendra Chawla on why eating healthy is likely to remain on the 'to do' list

It is that moment of impulse, where satiation of a craving overtakes all rationale and emotions.




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Adidas has become the first sportswear brand in India to cross the Rs 1,000-cr revenue mark

How Adidas India is making a style statement Originals, which now contributes over 10% to its revenues.




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How Indian smartphones are losing out to China

With over 50% share, Chinese smartphones have run roughshod over their Indian rivals. How did this happen and what next?




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Tech rivals Apple-IBM ink marketing deal to embrace iPhones & iPads

IBM salesmen to now recommend Apple devices to their healthcare & banking clients




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China’s total debt surges to 251% of GDP

By comparison, the US had a 260% total-debt-to-GDP ratio in 2013 and Japan has 415%, according to the Financial Times.




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Opening of Saudi stock market to boost MENA region

Opening of the Saudi stock market would be a major positive for the Middle East North Africa (MENA) region, with a total market capitalisation expected at $1.2 trillion.




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China shares surge on cross-border trading hopes, solid factory survey

China shares rose sharply as investors plowed into blue chips, cheered by progress of a trading plan that will soon make it much easier for foreigners to buy Shanghai stocks.




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S&P 500 could climb to 2300, says Wall Street legend Byron Wien

Market peaks have occurred historically at 25x-30x times earnings. On that basis, the market is fairly valued but not exceedingly expensive.




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S&P 500 could climb to 2300, says Wall Street legend Byron Wien

If the S&P 500 earns $115 in 2014, it is selling at 17.1x earnings. Market peaks have occurred historically at 25x-30x earnings.




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Analyst: The stock market's wolf may finally be close at hand

In his latest note, Jonathan Krinsky of MKM Partners, uses parable of the boy who cried wolf to describe the past year and a half of action in the stock market.




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Morgan Stanley warns not to buy Chinese stocks as prices could plunge a further 20 per cent

China's stock market got wrecked with the Shanghai Composite index crashing by 7.4 per cent. The market now down 19 per cent from its high.




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Jim Rogers, legendary investor, thinks US stocks are going to fall

In an interview, Rogers said that instead of buying US stocks, he is investing in Asian markets - Japan, Russia, and China.




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The cloud is an effective way to deliver IT to customers: George Kurian, Netapp

George Kurian, the newly minted CEO of Netapp talks about the opportunities in India and the large trends changing the storage industry




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The auditor is much maligned, but essential to protect the organisation

Rules are created to protect organisations. Some rules create efficiency while others de-risk the company.




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Consequence of digital transformation is the human transformation of customer relations

Smart companies automate the operational part of the business - to create time for their people to connect with customers




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Built a fantastic team of over 3000 people across 22 countries, says Zomato's Deepinder Goyal

Till about a year ago, I was fairly hands-on in the hiring process, says Zomato's Deepinder Goyal.




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Kalyan Jewellers to spend Rs 20 crore to build 2000 homes for poor

Kalyan Jewellers has committed Rs 20 crore towards the initiative as part of its endeavour to support the communities with which it operates its business, it said.




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Tatas approach sovereign wealth funds to buy Cyrus Mistry family’s stake

The Tata family trusts have reached out to sovereign wealth funds and other long-term investors to gauge their interest in purchasing the Mistry family’s stake if it became available, according to the people.




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Mutually discuss Interconnection issue and sort it out: Manoj Sinha to telcos

Interconnection enables mobile users to make calls to customers of other networks and is, therefore, crucial for smooth functioning of mobile services.




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Reliance Jio, demonetisation led to revenue drop: Vodafone

Vodafone also confirmed merger talks with the Aditya Birla Group's Idea Cellular as part of its Q3 results for the period that ended on December 31, 2016.




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Reliance Foundation to adopt 4 flood-hit villages in Gujarat

Ambani visited the two districts and took a survey of the worst-affected areas to assess first-hand the primary and immediate requirements of the victims




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Indian Oil Corporation plan to cut debt hinges on demand revival

Gross debt at Indian Oil, the nation’s largest refiner and fossil fuel retailer, has risen from ₹86,400 crore at the beginning of 2019-20 to ₹1,16,000 crore at the start of 2020-21. About 50% jump in debt in the January-March quarter came following the weakening of demand due to the Covid-19 pandemic, dividend outflow and delay in fuel subsidy transfer by the government.




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Numaligarh Refinery to import 21TMT of crude oil from Petronas Malaysia

Managing Director of NRL S K Barua tweeted, “NRL is importing 21TMT crude oil from Petronas through Haldia port to be rail freighted to Numaligarh for future processing. A step towards ensuring energy security.”




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Numaligarh Refinery awards Rs 300 cr expansion project to thyssenkrupp

According to the company, thyssenkrupp will provide engineering, procurement and construction management (EPCM) services for various units of the refinery located in Numaligarh




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Petrol, diesel to cost more in Rajasthan with hike in VAT rates

Before lockdown, the VAT rate on petrol was 30 per cent and on diesel was 22 per cent.




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RBI’s call to form payments entity catches India Inc fancy

Reliance, Paytm & BSE are among those interested in securing licences to run an entity with powers like NPCI.




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Liquidity position strong, can cater to liabilities for 6-7 months amid COVID-19 crisis: SCNL

In addition to the Rs 1,600 crore liquidity position, the company said it has undrawn sanctions of Rs 900 crore as on March 31, 2020. The Gurugram-headquartered micro lender also said that it will offer moratorium to all the existing borrowers across India.




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Disaster planning top priority for India Inc

For India Inc, disaster planning for business continuity and survival has emerged as the top priority.




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Contactless payments, digital loans make kiranas open doors to fintech

Top fintech companies are, therefore, rushing to tap into this new consumer trend, with several of them offering digital solutions to small merchants. These range from instant loans to digital billing to even geotagging, as companies believe the merchant digitisation business will boom when the lockdown eases.




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MFIs, NBFCs to resume full operations in green and orange zones

Microfinance institutions and non-bank lenders are set to resume full-fledged operations in green and orange zones, or areas designated as safe from the Covid-19 virus outbreak, after the government announced lifting of several restrictions.




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Small businesses will opt for gold loans to restart business

Gold loans for business purposes are mostly used by small businesses as short-term working capital for stocking. With gold prices hovering around Rs 47,000 per 10 gm, small businesses will need to take loans to resume operations, said industry executives.




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MFIs set to resume operations in orange, green zones

The lenders have also agreed to extend the three-month moratorium provided by the RBI on term loans to borrowers, the statement said, adding, collections will be made only from customers who have opted out of it.




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Failed CKP Co-operative Bank depositors among first beneficiaries of higher deposit cover

The bank which was under RBI's administration since 2014, failed to come up with a satisfactory revival plan, after which the banking regulator cancelled its license. Majority of the bank's depositors now get 100 per cent of their money back. The government hiked the minimum deposit insurance cover from Rs 1 lakh to Rs 5 lakh in its budget announcement in February.




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Skymet estimates record 113.66 million tonnes of wheat output

There is slight difference in Skymet’s estimation and the government’s second advance estimates, which was released in February this year. According to government’s second advance estimate, the out of wheat is likely to be 106.21 million tonnes while that of gram would be 11.22 million tonnes.




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Assam ropes in KPMG, E&Y to deal with post Covid situation

State Innovation & Transformation Aayog (SITA), Assam, is working on a Strategy Paper for the state government by engaging Ernst & Young (EY) on tea industry. Tea industry has suffered immensely during the lockdown .




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Haryana CM urges farmers to diversify from rice to pulses, maize

Giving detailed information about this, Chief Minister Manohar Lal said that the dark zone, depleting level of groundwater and its excessive exploitation has become a challenge for us and we have started to solve these challenges for the coming generations.




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States raise Covid-19 concern to check stubble burning

Even though much of the stubble of wheat is used as animal fodder but farmers resort to open field burning to get rid of the leftover stalk. Around 11400 incidents of open field burning were recorded as per satellite imagery in Punjab and 7500 in Haryana last year post kharif harvest.




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Tamil Nadu's farm-to-table scheme takes off

Tamil Nadu's farm-to-table initiative has come to fruition rather unexpectedly, owing to the outbreak of Covid-19.




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Wheat procurement to fall by 15% due to curbs on interstate crop movement

The lockdown has curbed movement of the cereal from neighbouring states to mandis in Haryana and Punjab.