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Mumbai, Thursday, October 4, 2024: Prime Securities Ltd. (PSL https://primesec.com/ ), a SEBI registered Category-I Merchant Banker, is expanding its reach within the financial services sector by entering the wealth management business through its wholly-owned subsidiary,Prime Trigen Wealth Ltd. (PTWL). This strategic move aims to tap into new growth opportunities with significant scalability potential.

Subscribe to enjoy similar stories. How can we put seasons on a plate?" It is this question that continues to fire the menu at Naar, a 16-seater restaurant nestled in the lap of the Himalaya. Located in the hamlet of Darwa in Kasauli, Himachal Pradesh, the restaurant, helmed by chef Prateek Sadhu, is all set to complete a year in November, and has already become a dining destination.

More Indians are holidaying abroad than ever before. The Reserve Bank of India’s data on outward foreign remittance in FY24 confirms this, as overseas travel was the primary source of outflows at 53%. This includes business travel as well, but empirical data and reports highlight the current craze among Indians for foreign holidays.

Subscribe to enjoy similar stories. European and Gulf airlines said they are adjusting flight routes and grounding planes as tensions in the Middle East escalate after Iran launched a barrage of missiles at Israel. Carriers including Etihad Airways, Qatar Airways and Deutsche Lufthansa are among the companies that changed their routes and schedules, as the industry monitors the situation in the Middle East.

Port of Los Angeles executive director Gene Seroka discusses the key issues of the impending ports strike on Cavuto: Coast to Coast.

Family travel in India is increasingly guided by the preferences of Gen Alpha and Gen Z, revealed a new survey that found an overwhelming 93 per cent of young travellers are now actively contributing to their family's vacation planning. The findings, part of «Small Voices, Big Choices: Hilton 2025 Trends Report», suggest a significant shift in family travel planning with India's youngest generation taking the charge and shaping the future of the travel industry. «A striking 93 per cent of Generation Alpha and Generation Z in India actively shape family travel plans, now positioning them as key decision-makers in the travel process,» reads the report, adding that 76 per cent of Indian parents (compared to 70 per cent globally) choose vacation destinations based on their children's interests. Generation Alpha, aged 14 and younger, accounts for a quarter of India's population, while Generation Z, born between 1997 and 2012, represents 30 per cent.

Narendra Modi on Saturday said BJP will form the government in Jammu and Kashmir by winning an absolute majority in the ongoing assembly elections in the union territory. Addressing an election rally in Jammu ahead of the third and last phase of the elections on October 1, Modi said, «In the last two phases heavy voter turnout has conveyed the mood of people of J&K as they have voted in favour of BJP. We are destined to form the government here with absolute majority.» Modi reiterated his government would restore statehood of J&K.

Tamil Nadu Chief Minister M K Stalin on Saturday laid the foundation stone for a new manufacturing facility of auto major Tata Motors here entailing investment of Rs 9,000 crore. The ground breaking ceremony was held at Panapakkam in this district, about 115 km from Chennai. The facility is expected to generate 5,000 new jobs. Besides the CM, senior DMK Ministers Durai Murugan, TRB Rajaa, Chief Secretary N Muruganandam, along with Tata Sons Ltd Chairman N Chandrasekaran participated in the ground breaking ceremony.

Robert Jenrick, one of the four remaining candidates to replace Rishi Sunak as leader of the Conservative Party, has vowed to «severely restrict visas» to countries that refuse to accept the return of illegal migrants, particularly targeting India and Vietnam. He claimed that while 250,000 visas were granted to Indian nationals in 2023 for work, visits, and study, an estimated 100,000 Indians currently reside illegally in the UK, and “returns remain stuck in the hundreds.”

Subscribe to enjoy similar stories. India surpassed emerging markets peers to again solidify its status as a premier destination for foreign portfolio investors (FPIs), drawing consistent inflows despite bouts of turbulence and concerns over high valuations. Overseas buyers net invested $5.9 billion into domestic stocks this month alone so far, according to data from Bloomberg, attracted by the country’s economic fundamentals and beginning of the rate cut cycle in the US.

Samsung's plant in Tamil Nadu is an isolated incident that can be resolved by intervention of the state government. GoI is ready to chip in to find a meeting ground between management and striking workers. MNCs that have manufacturing bases in India typically have cordial industrial relations with employees. This is partly due to the higher pay they offer, and employee benefits benchmarked to their international corporate strategy. Admittedly, attractiveness of local production is enhanced by wage cost arbitrage. But Indian workers have recourse to statutory protections. Occasional confrontations can be swiftly resolved through a combination of HR strategies and legal remedies.

Subscribe to enjoy similar stories. NEW DELHI : India is advancing its efforts to transform smaller towns into aviation hubs, with plans to establish 29 greenfield airports across underserved regions over the next two decades—a first of its kind on this scale. The Airports Authority of India (AAI) has completed feasibility studies for 10 such airports, aiming to link smaller towns with global air routes, two officials aware of the development told Mint.

Another trip: Just back from a tour to the United States amid election season in Jammu & Kashmir and Haryana, Lok Sabha's Leader of Opposition Rahul Gandhi is likely to have a busy travel schedule ahead. Word has it that Gandhi may hold US-type outreach interactions in destinations such as Germany and Chile soon. Kissa kursi ka’ in Delhi CM’s office: After assuming charge as Delhi CM on Monday, AAP leader Atishi placed an empty chair beside her CM’s chair, saying, “this chair belongs to Arvind Kejriwal.

Indian students are intent on adding that foreign education experience on their CV. As Canada, Britain and Australia set conditions and caps for foreign students, Indians are looking elsewhere. Barring the US, which continues to dominate the destination wishlist, students are now opting to study in countries that were previously not on their list for reasons such as language barrier, strict work-study norms and higher financial requirements. As some of the traditional favourite education destinations limit entry, others, particularly non-English-speaking countries, are improving the 'ease of onboarding international students'.

Israel expects more than 12,000 Indian visitors, mainly in the pilgrim and MICE (meetings, incentives, conferences, and exhibitions) segments, in 2024, according to a senior executive at the Israel Ministry of Tourism. The war-torn West Asian country has recorded 6,800 travellers from India till August this year. «Irrespective of the current scenario we are very positive. We're just waiting for the situation to calm down even more than what it used to be for us to see growth. We have welcomed 6,800 travellers, mostly pilgrims and business, from India and 6,72,400 globally in the January-August 2024 period, which was very organic,» Israel Ministry of Tourism (IMOT) India Director of Marketing Amruta Bangera told PTI. Israel's Tourism Ministry expects to double the 6,800 tourist footfalls to over 12,000 in 2024, from India that it received in the first eight months of this year, she said.

overseas travel spending, which accounted for 60% of the total remittances, up from 51% in July 2023. In July, Indians spent $1.6 billion on overseas travel, a sharp rise from $1.3 billion in June and the first-quarter average of $1.2 billion. This uptick was fueled by students traveling for international summer admissions and a surge in leisure travel, including destination weddings, during the first half of the month. Overall remittances during July showed a 16.7% increase year-on-year, with travel being the largest contributor, growing by 17.1%. Other categories like investments in equity and debt also saw significant growth, rising by 108.2% to $120.2 million, while remittances for medical treatment increased by 104.3% to $8.6 million. However, these categories represent a smaller portion of the total remittances. On the other hand, remittances for deposits declined by 16.8% compared to the previous year.

Viksit Bharat 2047 and institutional capacity building would play a key role in that, Union Finance and Corporate Affairs Minister Nirmala Sitharaman said here on Sunday. Viksit Bharat 2047 is the NDA government's roadmap to make the country a developed nation by 2047, when India celebrates its centenary of achieving independence. The FM said the Centre has left no stone unturned towards enhancing self-sufficiency in defence capabilities. «We will also need to look after our banks, overall infrastructure, health of the companies in the market and prioritising the digitisation of the Indian economy,» she said at the Pondy Lit Fest.

“We are pampered there. Even our diet preferences, like turmeric milk at sundown, are known to the staff,” says Ganapathy, who has retired from Tata Coffee. For the couple, familiarity breeds comfort. They stay for 10-15 days at a stretch at the hotel. “We get personalised service and even assistance with unpacking,” says Jemmy.

Subscribe to enjoy similar stories. Indian students seeking a foreign degree will have to scout for new options after top favourite Canada took an axe to its international student permits programme. “We’re granting 35% fewer international student permits this year.

Etihad Airways Group CEO Antonoaldo Neves has the precarious job of balancing growth with profitability and margins as the Abu Dhabi-based airline seeks to save $150 million in costs a year while doubling its size. In a conversation with ET’s Forum Gandhi and Anirban Chowdhury, Neves talks about Etihad’s plans for India, which is among its top three markets globally. Edited excerpts: You joined Etihad in 2022 as it narrowed losses and made management changes. With a half-year profit and shifting in its strategy, what were your main focus areas? What milestones did you achieve? We see Etihad’s journey in three phases. The first 15 years focused on creating a global brand and expanding. Then, for five years, the airline was restructured and downsized to 60 planes. Now, we are ramping up again… We have 92 aircraft in our fleet. In 2022, we broke even. Now, in phase three, we’re planning the airline’s future and restructuring the network to be more profitable, shifting from ultra-long haul to mid-haul and prioritising point-to-point operations from Abu Dhabi. We also aim to double our capacity in India, utilising the available seats in bilateral agreements, and we’re pleased with our performance here. You’re one of the few premium airline CEOs discussing costs. You have previously mentioned a target of $100-150 million in annual cost cuts. How do you balance growth with these cost reductions?

General Motors is now offering adapters to help its electric vehicle owners access Tesla chargers