Travelers Financial News
24.10 / 02:01
UPS
Booking
Amazon
Aware
Platform
electronic
travelers
Festive sales may fetch Flipkart up to Rs 36,000 crore in gross sales
The Walmart-owned ecommerce major, which has maintained market leadership over rival Amazon India over the past two years, began the second leg of its festive season sale on Sunday after a better-than-expected start to its flagship Big Billion Days sale in early October, they added. Typically, these sales are run in three stages in order to drive a significant chunk of the total annual sales during this period.
23.10 / 21:23
UPS
FIVE
Reuters
Enterprise
travelers
Virgin Australia in talks with ground staff over payment dispute
(Reuters) -Virgin Australia said on Tuesday it was in talks with its ground staff for a new deal after a union alleged that the carrier was not honouring its payment commitments to ground and cabin crew.
23.10 / 17:07
COST
Citi
Provident
Booking
Platform
show
travelers
Is booking an Airbnb rather than hotels cheaper for you always?
Mint’s research shows that staying in an Airbnb in most of the popular travel destinations in India and abroad can save you about 10-30% of the costs compared to booking a 3-star hotel offering similar amenities (see graphic). However, this doesn’t mean it will always be the cheaper lodging option .
23.10 / 17:07
Provident
Target
CEO
Entertainment
Enterprise
WhatsApp
travelers
Members-only hotels group Karma to invest $100 million
New Delhi: Karma Group, a members-only hotel enterprise overseeing 45 resorts worldwide including 15 in India, is looking to invest $100 million over the next three to four years, a top company executive said. The company is working with EY to assess financing options including debt, private equity, and a potential initial public offering (IPO), chairperson and CEO John Spence said in an interview. The funds will be used to develop and acquire new resorts to support its current 10-15% annual revenue growth.
23.10 / 16:05
Provident
Manufacturing
BURST
show
country
travelers
Will the Indian consumer justify our sales optimism this season?
GST) mop-up. As this is a consumption-based tax, if its collections are increasing, it suggests higher consumption. Growth in these first 6 months has been around 11%, which comes on top of 32% growth (which was a blip because of the 2021 covid lockdown).
23.10 / 14:21
UPS
Booking
President
track
testing
travelers
cricket
Bishan Singh Bedi: An artist, a rebel and forever cricket romantic
Bedi just knew how to touch people's lives with various facets of his character — being an artist, a straight-talker and a mentor to many as and when the need be. Arguably the greatest slow left-arm bowler that the world has ever seen, Bedi travelled to the other side after three years of illness but left an indelible impression in minds of many with a character to die for. Honest, upright, someone who played the 'Gentleman's Game' for the right reasons.
23.10 / 13:55
Citi
2020
travelers
Department
Cross-border
Punjab: Cross-border drug smuggling racket busted, 12 kg heroin seized
Amritsar and seizure of 12 kilograms of heroin. Announcing the development in a post on X, Punjab Director General of Police Gaurav Yadav said the narcotic network used drones to transport drugs from Pakistan. «Big blow to trans border narcotic network: SSOC (State Special Operation Cell) Amritsar has busted a cross-border heroin smuggling racket and arrested one person and recovered 12 kg heroin,» he said.
23.10 / 13:11
UPS
Citi
Extreme
CEO
Metro
travelers
Getting Delhi's rich to use public transport is easier said than done
Arvind Kejriwal wants to get the upper-middle-class using public transport. This is a great idea that poses even greater challenges. Public transport needs to offer riders comfort, convenience and reliability in order for the well-heeled to even consider using it.
23.10 / 11:43
UPS
Provident
Manufacturing
Gap
country
travelers
Extend concessional tax rate of 15% to domestic infra industry, LLPs: India Inc
concessional tax rate of 15% to domestic infrastructure companies and non-corporate taxpayers like LLPs and trusts, exemption from withholding tax on payment of interests on overseas bonds having longer maturity period than 5 years and allowing carry forward and set off of business losses for service industry are some of the prominent direct tax proposals by industry for the Vote on Account. Currently companies set up after October 1 get a concessional tax rate of 15% which are engaged in the business of manufacture or production of an article or things, including generation of electricity. However this concessional tax rate is not available to the domestic companies engaged in the infrastructure sector.
23.10 / 11:43
UPS
Citi
Target
Southern
travelers
evacuation
Gaza teenager sees parents, siblings killed after seeking safety in south
Gaza City to flee south because it was safer, 18-year-old Dima Al-Lamdani's family prayed they would escape relentless air strikes. But days later, Lamdani was left to identify the bodies of her relatives at a makeshift morgue in the southern city of Khan Younis. She said she lost her parents, seven siblings and four members of her uncle's family in an Israeli air strike. «They told us to evacuate your place and go to Khan Younis because it is safe… They betrayed us and bombed us,» she said. She said her family and that of her uncle travelled in two cars across Gaza, which has faced the heaviest bombardment after the Palestinian militant group Hamas launched an attack into Israel on Oct. 7, killing about 1,400 people and taking more than 200 hostages. Lamdani's family was staying at a temporary shelter in Khan Younis when she said: «At 4.30 a.m.
23.10 / 09:39
FIVE
economy
Southern
composer
travelers
Department
Railways to run nearly 300 special trains on Dussehra, Diwali and Chhath. Here are details
Indian Railways is set to operate nearly 300 special trains, making a total of 4,480 trips, in order to cater to the increased demand during the festive season, including Durga Puja, Diwali, and Chhath. The announcement of 283 special trains was made by Union Railway Minister Ashwini Vaishnaw. According to the details shared by the minister, South Central Railway will run 58 trains, making a total of 404 trips.
23.10 / 09:03
UPS
Digital
Experts
reports
travelers
Cyber
China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact
China to support his family after losing his job during the COVID-19 pandemic. In March, a job offer to teach Chinese cooking at a restaurant led him into a cyber scam compound in Myanmar, where he was instead ordered to lure Chinese into giving up their savings for fake investment schemes via social media platforms. Zhang is one of tens of thousands of people, mostly but not all Chinese, who have become ensnared in cyber scam networks run by powerful Chinese criminal syndicates in Southeast Asia. Regional and Chinese authorities have netted thousands of people in a crackdown, but experts say they are failing to root out the local elites and criminal networks that are bound to keep running the schemes.
23.10 / 07:09
COST
Provident
Booking
Celebrity
cover
travelers
end
How to plan your year-end vacation wisely and save money
As the year draws to an end, planning a vacation can be an exciting way to celebrate with your family and friends. Some people are quick enough to prepare their budget and plan their holidays in advance and execute it smartly while others often book their holidays at the last minute, that makes their experience costly.
23.10 / 05:53
UPS
Provident
Fighting
show
consequences
travelers
Israel accidentally hits Egyptian post at Gaza border: IDF
Roy Greene Show on Saturday that the current conflict “all goes back to Iran — no question.” He said Iran provided up to 90 per cent of the weaponry used in Hamas’ attack on Israel and trained the militants.“Iran wants a Middle East — a region — that is tumultuous, chaotic, unsettled, insecure, violent,” he said. “That way they can manipulate it to their heart’s desire.”Hillier warned that Iran could trigger a wider regional conflict.“I do worry about the fact we could have a regional war without question,” he said.U.S.
23.10 / 04:07
COST
CEO
President
GILD
travelers
gatherings
bin
War leaves Saudi prince Mohammed bin Salman’s dream of a new mideast in tatters
Mohammed bin Salman took to the stage to promise that a new era was dawning for the Middle East. “The new Europe is the Middle East,” the country’s de facto ruler, commonly known as MBS, said to applause from the crowd.
23.10 / 02:33
UPS
WhatsApp
audience
reports
travelers
fall
Nearly 30% fall in airfares after Vande Bharat trains launch: Report
Indian Railways has started monitoring the demand for Vande Bharat trains on the basis of gender and age of passengers. The data include the number of males, females, and transgenders traveling on the four Vande Bharat routes — three from Mumbai to Shirdi, Goa, and Solapur. For the first time, the Central Railway collated data that revealed the highest number of passengers traveling in Vande Bharat Express starting from Mumbai belonging to the age group of 31-45 years, followed by 15-30 years of age.
22.10 / 19:39
UPS
Provident
social
hospital
reports
travelers
Coforge to spin off public sector as separate vertical
Coforge, the mid-sized IT services company which achieved over $1 billion in annual revenue in the last quarter of FY23, is planning to spin off a stand-alone public sector division by the year-end. The sector’s resilience is a catalyst for this strategic focus on establishing a separate public sector entity, Sudhir Singh, the chief executive, said in an interview. “We are focusing on public sector clients outside India—in the UK and Australia.
22.10 / 18:23
COST
Target
Action
Assurant
track
reports
travelers
Commuters captured under tough climate regime
Carbon emissions caused by employees commuting to work or on business trips will need to be disclosed under mandatory new accounting standards being released on Monday, as activists and investors target firms over the detail of their net-zero carbon targets.
22.10 / 17:27
22.10 / 17:09
COST
WhatsApp
show
travelers
Is TDS certificate required for property sale?
I recently sold a property owned jointly by my mother-in-law, my wife and me. The property was purchased with a loan taken in my name although the sale deed did not mention any proportion of our shares in the property. The buyer paid the sale amount in three equal parts to each of us and also paid tax deducted at source (TDS) of the three sellers. Is the challan or tax receipt given by the buyer proof of the advance tax paid? Is TDS certificate (Form 16B) required? To calculate long term capital gains (LTCG), can I include money spent on interiors and other work as cost of improvement? Also, what constitutes the cost of transfer? My wife and I had bought a house in 2019. The registration was completed the same year but the property is expected to be handed over this year. Can I show the purchase of flat mentioned towards exemption of LTCG tax? What is the timeline for reinvestment in residential property? Does it have to be done before filing the tax return? Then what is the 2-year window for investment? —Name withheld on request If the buyer has paid advance tax, TDS certificate is not required.
22.10 / 17:09
UPS
Citi
Target
Airlines
symphony
travelers
‘Leisure travellers, price sensitive routes’: Air India Express MD shares key priorities of the airline
Also Read:Ovens, streaming and loyalty points - Is Air India Express preparing the right recipe to take on IndiGo? While rejecting the plan of immediate expansion across nation, Air India Express Managing Director, Aloke Singh, said that airline's top priority will be to first consolidate its presence on the existing routes and achieve a meaningful scale in the industry. "The focus of Air India Express will be on routes which have a higher component of leisure travellers, a higher component of price-sensitive customers. In fact, more of non-business while Air India will focus primarily on routes which are higher yielding, which requires business class and a higher level of in-flight services," Singh told PTI in an interaction.
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