Destinations Financial News

09.11 / 08:33
markets Citi Airlines Strategy Metro International Destinations Air India Express plans more international flights; to have over 110 planes by March 25
Air India Express will focus on connecting smaller cities and towns with metros as well as fly to new overseas destinations, according to senior officials. The airline, which recently completed the merger of AIX Connect with itself, has a fleet of around 90 aircraft and the count is expected to cross 110 by the end of this fiscal.
08.11 / 09:39
markets UPS wellness Trade hospital International Destinations Q2 profit up 226% YoY but traditionally H2 is much stronger; IHCL should do better than last year: Puneet Chhatwal
Tata-backed Indian Hotels Company (IHCL) announced a profit of Rs 583 crore for the second quarter of the fiscal year, marking a 226% year-on-year (YoY) increase. IHCL also reported revenues of Rs 1,826 crore for the quarter, a 27.4% YoY rise. Puneet Chhatwal, MD & CEO, IHCL, talks to ET Now about what is making the hospitality sector and especially, IHCL succeed while the rest of the consumption sector industries are slowing down. Chhatwal also says that Q3 is always the strongest quarter, followed by Q4. As the sector is making money in Q1 and Q2, Q3, and Q4 are coming as a bumper on top. So the sector is doing well and Indian Hotels is very well positioned to take advantage of the possible tailwinds. On growth spurt in H2 Puneet Chhatwal: We have to look at quarter one and quarter two together. We are very much within our guidance which we said we will do a double-digit top line growth. And if you look at the first half, we are at 11% top line and that is my belief that demand will continue to outpace supply. And as India grows, as India's GDP grows, as India from number five becomes number three economy, it is just the beginning of a long journey for the hospitality sector. Within that, if we are India's largest hospitality ecosystem, we will stand to benefit.
07.11 / 17:45
markets UPS Digital Election Food wellness Destinations FSSAI asks state authorities to increase surveillance in warehouses of e-commerce operators
FSSAI on Thursday asked state authorities to increase surveillance in warehouses of e-commerce operators and issue standard operating procedures (SoPs) for delivery personnel to ensure safe food to consumers. According to an official statement, Food Safety and Standards Authority of India (FSSAI) held its 45th Central Advisory Committee (CAC) meeting here on Thursday.
07.11 / 00:23
Manufacturing Trade President country electronic reports Destinations Trump at helm to boost Indian electronics manufacturing
Subscribe to enjoy similar stories. Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies.
06.11 / 10:55
Booking Airlines Dreams awards travelers recommendations Destinations Turn that stockpile of miles or points into a trip
Subscribe to enjoy similar stories. You’ve spent years amassing a trove of credit-card points and frequent-flier miles…for what, exactly? If you’re unsure how to use all those points, you’re hardly alone. Americans are sitting on a massive stockpile of unused travel rewards.
05.11 / 12:53
markets Digital Action Election awards hospital Destinations IHCL acquires majority shareholding in operating company of Tree of Life
Indian Hotels Company (IHCL) announced the acquisition of a majority shareholding in the operating company of Tree of Life on Tuesday.
31.10 / 05:21
Target Research Allegiant Trade War country Destinations Donald Trump would leave Asia with only bad options
Subscribe to enjoy similar stories. At the 39th ASEAN Roundtable, hosted by a research institute in Singapore on October 28th, the room was split. With Asia riven by an assertive China and a protectionist America, some attendees called for hard-headed thinking about trade-offs.
29.10 / 04:03
markets Citi Art Food travelers International Destinations Lonely Planet's top 10 cities to visit in 2025; and there's an Indian twist
Lonely Planet reveals its top 10 must-visit destinations for 2025. The travel publishing giant’s list is spread over cities, countries and regions, with Puducherry in India, Osaka in Japan and Edmonton in Canada all making the cut as urban hot spots. Puducherry (formerly known as Pondicherry) is reimagining itself as “a top destination for sand and surf, with an extensive project that’s reclaiming the beaches that eroded into the sea,” Nitya Chambers, Lonely Planet’s SVP, content and executive editor, told CNN.
29.10 / 00:59
markets Digital country Department Investigations Destinations Biz correspondents face A/C freeze as fraudsters hop on agent network
mule accounts is biting into the domestic money remittance industry, as business correspondents (BCs) who process such transactions via their physical agent networks are finding their accounts being frozen by law enforcement agencies that are on the money trail of fraudsters. According to three industry executives who spoke on the condition of anonymity, fraudsters are using the accounts of BCs, depositing money at their agent outlets and getting it transferred to multiple accounts through tranches and sometimes even to outside the country via Nepal. In most cases, the final destination is a mule account, and the depositor is a fraudster who would have collected the funds from cybercriminals or fake crypto apps. As police investigate such fund movement, they freeze accounts on the money trail and BCs are becoming collateral damage in the process, industry insiders said.
28.10 / 20:15
markets Citi Waters Parke social Destinations Florida works to bring back tourism to its Gulf Coast following hurricanes Helene and Milton
Tourism officials on Florida’s Gulf Coast say one of the ways concerned people can help the area recover is to visit as tourists, even though some beaches are still closed to the public and debris is still piled next to streets from recent hurricanes H...
28.10 / 17:49
Provident Airlines awards travelers Schools International Destinations Mumbai airport to operate 3,372 flights per week in winter season
flights per week flight movements this winter despite rising travel demand. Chhatrapati Shivaji Maharaj International Airport (CSMIA) is all set to provide an extensive network of travel options for its passengers with 3,372 weekly flights--2,361 weekly domestic and 1,011 weekly international flights-- for the winter schedule 2024, the private airport operator said. Significantly, as per the winter schedule for the Indian Airlines announced by the Directorate General of Civil Aviation (DGCA) earlier this month, the Indian airlines will operate 25,007 flights every week to and from 124 airports, which is 5.37 per cent more compared to the winter schedule of 2023. The winter schedule this year started from October 27, 2024 and will continue till March 29, 2025.
28.10 / 15:19
UPS Trade Refugees President country Destinations France's president is visiting Morocco as Western Sahara change brings hopes of 'new honeymoon'
French President Emmanuel Macron is arriving in Morocco, where he is scheduled to meet with the North African kingdom’s leaders and discuss partnerships regarding trade, climate change and managing immigration
28.10 / 10:05
markets Citi Digital show Schools International Destinations Indian retail space leasing to continue momentum, likely to top 6.5-7 million sq ft in 2024
top seven cities underscoring the sustained appeal of prime locations to retailers led by rising consumption and is expected to continue the momentum until the end of this calendar year. Gross leasing of retail spaces across these cities, including Mumbai, Delhi NCR, Bengaluru, Kolkata, Chennai, Pune, and Hyderabad is projected to exceed 6.5 — 7 million sq ft by the end of 2024 after topping 5.3 million sq ft in the first three quarters ending September, showed a JLL India study. “Despite limited new retail space additions of slightly over 1 million sq. ft, the top seven cities’ robust gross leasing activity indicates retailers' strong appetite for prime retail locations. Fashion and apparel remained the top category with a 37% share, followed by food & beverage and entertainment at 18% and 12% respectively,” said Samantak Das, Chief Economist and Head of Research & REIS, India, JLL.
26.10 / 20:13
markets Digital Marvell Sony film stars Destinations Spider-Man 4: Tom Holland starrer movie’s release date, filming and production team
Tom Holland will return as Spider-Man in a new film scheduled for release on July 24, 2026. The untitled project will be directed by Destin Daniel Cretton. This film marks the fourth Spider-Man film featuring Holland, continuing his collaboration with Marvel and Sony Pictures.
26.10 / 08:31
markets MET Digital Manufacturing Strategy Destinations Minister Nara Lokesh in USA, hardsells Andhra Pradesh as investment destination
Andhra Pradesh Minister Nara Lokesh has said that there are ample opportunities for investments in manufacturing, renewable energy, bio energy, aqua and petrochemical sectors in the state. Lokesh, who is currently touring the USA to participate in the ITServe Alliance Synergy Conference to be held in LAs Vegas on October 29, met some industrialists in San Francisco on Friday. In a post on 'X', Lokesh further said the government is moving forward with the 4P policy (Public-Private-People-Partnership) and will have goals to be achieved for every 100 days of rule for the comprehensive development of the state.
26.10 / 01:23
markets Citi Cooper Assurant Experts show Destinations Congress govt committed to full-fledged cooperation with real estate sector: Telangana Minister Uttam Reddy
Uttam Kumar Reddy reiterated the government's commitment to supporting Hyderabad's real estate and construction sector, aiming to transform the city into a globally competitive destination. Speaking at the 14th Edition of the Property Show at Hitex Exhibition Centre on Friday, Uttam Kumar Reddy assured real estate developers that the government regarded them as «partners in progress» and was dedicated to working alongside them to drive Hyderabad's growth. «Our government is standing with you. To achieve our goal of making Hyderabad a truly global destination, we must work together completely. You are essential partners in driving Hyderabad's progress,» he added.
24.10 / 11:23
markets security Strategy wellness Experts Destinations India's engineering goods exports surge 10.55% in September
In September 2024, engineering exports increased to US$9.82 billion from US$8.89 billion in the same month last fiscal year, securing 10.55 percent year-on-year growth, according to the industry body Engineering Exports Promotion Council (EEPC). Cumulative engineering exports during April-September 2024-25 were recorded at US$ 56.23 billion as against US$ 53.42 billion during the same period of the last fiscal, registering an increase of 5.25 percent.
22.10 / 17:25
markets Platform Sustainability Trade Bitcoin Features Destinations Bitcoin Price Crashes After Nearing $70K – Are Traders About to Lose Big?
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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