Travelers Financial News
13.08 / 08:39
UPS
Target
Booking
Platform
security
travelers
Travel fintech Niyo set for comeback after SBM India ban disrupted growth plans
Mint recently. Niyo launched visa applications and flight bookings on its platform earlier this week. The company plans to offer hotel bookings and experiences by the end of September, Bagri said.
13.08 / 01:59
COST
Aviat
President
travelers
Traffic
International
Travelling by air this weekend? Prepare to shell out more.
₹5,200, a jump of 23% from a year earlier. Similarly, a Bengaluru-Kochi ticket now costs around ₹3,500, a 46% spike from a year ago. While air traffic slowed in July on account of monsoon, travel picked up in August.
12.08 / 19:24
markets
COST
Citi
Strategy
Swimming
travelers
rights
Ginger & Spice: IHCL new biz has growth flavour
Indian Hotels Company (IHCL) is betting big on its new businesses that it expects to grow at 35-50% every year, besides weighing an ambitious expansion plan for its reimagined brand, Ginger, as part of its strategy to accelerate growth. The strategic rationale for new businesses lies in addressing India's varied market, and diversifying IHCL's revenue and non-linear revenue growth businesses, capital light businesses and those yielding high margins, Puneet Chhatwal, managing director and chief executive told ET. IHCL's new businesses consist of a reimagined Ginger, Qmin, ama Stays & Trails and the Tree of Life brand.
12.08 / 18:18
Airlines
Assurant
show
reports
travelers
Department
International
SpiceJet averts shutdown crisis at Mumbai Airport, ops resume after financial matter resolved
SpiceJet on Monday managed to avert a shutdown of its flights from Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, resolving a tricky situation in the nick of time which could have affected several passengers. On Monday evening, CSMIA issued a passenger advisory stating that operations stating that effective midnight on 13 August 2024, SpiceJet flight operations from Mumbai International Airport are expected to be temporarily disrupted. “Mumbai International Airport is working with the airline to address the situation to minimise inconvenience to passengers,” the company said. However, within a few hours, the Adani-operated airport withdrew the advisory. In the meanwhile, the Ajay Singh-promoted SpiceJet issued a statement saying, «The passenger advisory issued by MIAL has been withdrawn. Our flight operations in and out of Mumbai are operating normally. SpiceJet and MIAL have worked collaboratively to swiftly resolve a minor financial matter.”
12.08 / 17:13
Provident
Booking
Airlines
social
travelers
Department
International
Bengaluru woman slams Air India for cancelling US flight 'arbitrarily'
Bengaluru recently took to social media to highlight the plight of international travelers from India when their tickets are arbitrarily canceled by airlines. According to the woman, she had recently booked a Delhi-San Francisco flight, but Air India canceled it without notice and offered passengers the option to fly on a different date. When passengers objected, they were offered seats on an alternate flight with a 10-hour layover. The woman claimed that Air India refused to provide the passengers with tickets for a flight departing directly from Bengaluru.
12.08 / 17:11
UPS
Provident
Booking
Platform
Mobile
travelers
Railways, NCRTC join hands to promote 'One India-One Ticket' initiative
Indian Railway and National Capital Region Transport Corporation (NCRTC) have collaborated to promote the 'One India — One Ticket' initiative, enhancing the travel experience for passengers on main line railway and Namo Bharat trains, a statement said on Monday. This collaboration aims to provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services, it said. After booking an IRCTC train e-ticket, users can now opt to book a Namo Bharat train tickets for up to eight travellers per booking as an add-on service. The RRTS booking option will be displayed on the PNR confirmation page and will also be accessible from the user's train ticket booking history, the statement said. A unique QR code will be generated for each RRTS ticket and conveniently printed on the electronic reservation slip (ERS), it said.
12.08 / 11:01
12.08 / 10:13
UPS
Career
wellness
country
travelers
International
Is India losing focus on International Shipping Industry?
shipping industry worldwide. As per BIMCO’s Manpower study, which is published every 5 years (the last being published in 2021) India ranked as the 5th largest manpower supplier in Shipping globally. In 2021 together with Philippines, Russian Federation, Indonesia, China & India supplied bulk of the global workforce in shipping. These 5 countries collectively accounted for 44% of global supply of seafarers. India accounted for 2,50,071 active seafarers of which 1,51,840 were Ratings & 98,231 were officers. Chinese seafarers catermainly to their own national flag and / or coastal ships. The reason for Chinese being limited to their national industry is obviously due to their language barrier.
12.08 / 10:13
Target
Analysis
WhatsApp
Inside
information
travelers
rights
Inside the EB-5 visa lifecycle: From initial investment to green card approval
EB-5 visa is a life-changing decision with significant personal, professional, and financial implications for the entire family. Hence, a clear understanding of the EB-5 visa lifecycle is essential to make an informed decision. Before Filing the I-526E Petition The formal EB-5 lifecycle begins with the filing of the I-526E petition, which is the EB-5 visa application. However, there are many preliminary steps and tasks that should ideally be completed before filing the I-526E petition.
12.08 / 09:26
Citi
security
cover
travelers
Department
Traffic
Delhi, it's not over yet: City to see a week full of rain; Check full forecast, warnings, and more
India Meteorological Department (IMD) predicting a week full of showers. On August 12, 2024, the national capital experienced light rain, with the maximum temperature recorded at 32°C and the minimum at 24.8°C. According to the Central Pollution Control Board, Delhi's air quality index (AQI) was recorded at 53 this morning, placing it in the «satisfactory» category. The AQI scale ranges from «good» (0-50) to «severe» (401-500), with «satisfactory» (51-100) indicating that air quality poses little or no risk. Throughout the week, Delhi is expected to witness generally cloudy skies accompanied by light to moderate rain, thundershowers, and occasional lightning, as forecasted by the IMD.
12.08 / 09:14
COST
Provident
cover
reports
travelers
Investigations
Odisha govt to investigate construction of 450 helipads for VK Pandian's rides
Odisha commerce and transport minister Bibhuti Bhusan Jena and state law minister Prithiviraj Harichandan have called for a detailed investigation into the helicopter rides taken by VK Pandian, a bureaucrat-turned-politician, between February and September last year. They demand to know how 450 helipads were constructed for these travels, the authorization process, and who funded the rides, reported TOI. Harichandan emphasized the need to investigate the costs and authorization of the helicopter rides. He questioned how government funds were used for constructing helipads and who provided the necessary permissions for Pandian's extensive travels. Pandian, who was then serving as the 5T secretary, visited 400-450 places during this period. “We will investigate who covered the cost of the helicopter rides. Clarity must be provided on this matter. It needs a thorough probe. At the govt level, helipads were constructed wherever the helicopter landed, and govt funds were used. He (Pandian) visited 400-450 places. It is not clear who authorized this and how the authorization was issued. A department secretary does not have the authority to use helicopters. How, then, was permission granted?” TOI quoted Harichandan as saying.
12.08 / 07:09
Platform
wellness
travelers
patient
Founder Ritesh Agarwal invests Rs 830 crore in Oyo's latest funding round
Ritesh Agarwal has invested Rs 830 crore through his Singapore-based entity Patient Capital in OYO's latest funding round — wherein the travel tech platform raised Rs 1,457 crore, sources said. Post the equity dilution in the Series G funding, Agarwal's holdings will increase from 29.97% earlier, to 32.57% post the investment, sources told PTI. According to sources close to the transaction, «Ritesh has invested to protect his ownership dilution in OYO as well as a signal of confidence in the company's prospects. The investment is backed by Singapore-based family offices.» Oravel Stays Ltd, the parent company of OYO, has raised Rs 1,457 crore from a consortium of investors in the latest funding round.
12.08 / 05:11
11.08 / 16:12
markets
UPS
track
Boardwalk
travelers
International
Destinations
Summer tourists flock to boardwalks and piers while sticking to their budgets
Small businesses along popular vacation destinations like boardwalks and piers in the U.S. say the number of tourists flocking to the waterfront is back to normal, meaning pre-2020 levels
11.08 / 08:00
country
reports
testing
travelers
cricket
Cricket: Bangladesh will travel to Pakistan ahead of schedule, PCB says
Bangladesh will travel to Pakistan ahead of schedule to hold practice sessions in Lahore before their two-test bilateral series, the Pakistan Cricket Board (PCB) said late on Saturday. Ongoing political turmoil in Bangladesh has disrupted the team's training, local media reported. Prime minister Sheikh Hasina fled the country following weeks of protests, with an interim government led by Muhammad Yunus taking charge. The Bangladesh Cricket Board did not immediately reply to a request for comment on reports practice session has been disrupted by the unrest.
11.08 / 05:07
Citi
MET
Waters
Airlines
travelers
Department
Traffic
Delhi Rains: Rains to lash national capital for 5th straight day; airlines issue travel advisory
The Met Department expects the maximum and minimum temperatures likely to settle around 32 and 26 degrees Celsius, with a generally cloudy sky throughout the day. Rains lashed the national capital on Saturday prompting heavy traffic due to waterlogging in various parts of the city.
11.08 / 03:32
Target
Election
President
travelers
Courts
Exiled in London, here's how this BNP leader hatched a plot with ISI to end Hasina's Bangladesh reign
Bangladesh Nationalist Party (BNP) leader and PM-in-waiting Tarique Rahman allegedly held meetings with Pakistani intelligence agency ISI in a Gulf nation where a plan was hatched to organise a campaign for ousting the Sheikh Hasina government, said people in the know. Rahman allegedly travelled to the Middle Eastern country a few months ago for meeting the ISI officials where the plot was hatched for launching the campaign and creating conditions in Bangladesh for ousting Hasina, ET has reliably learnt. ET had reported last week how the Pakistan Embassy in Dhaka allegedly played a role in instigating the move to hijack the student movement.
10.08 / 16:14
COST
Reuters
Sustainability
Tesla
show
travelers
Tesla stops taking orders for cheapest Cybertruck, offers $100,000 version now
Tesla has stopped taking orders for the least expensive version of its Cybertruck, which is priced at $61,000, while making the $100,000 version available for immediate order and delivery as soon as this month, its website showed. Demand and supply for the Cybertruck are closely monitored by Tesla investors and fans, because Chief Executive Elon Musk has poured resources into the truck's development and plans to make 200,000 per year. As recently as October, Musk said Tesla had 1 million reservations for the truck. Some customers have indicated they are waiting for less expensive versions, because prices are higher and driving ranges lower than originally forecast.
10.08 / 15:05
ICE
Limelight
Celebrity
social
reports
travelers
JD Vance loses 30 pounds in weight, is he using Ozempic? Rumors fly on social media
JD Vance use Ozempic, an anti-obesity medication used for long-term weight management? This question has been raised after he lost 30 pounds since his 2022 Senate run. There is a long list of celebrities who have reportedly used this medication. Ice Spice was suspected of using it due to her 'melting figure' and Katy Perry is also supposed to have taken it after her return to the limelight.
10.08 / 11:11
Citi
Citizens
Landmark
Platform
travelers
Traffic
Destinations
India introduces 8 national high-speed road corridors spanning 936 km, with investment of Rs 50,655 cr
India took a significant leap by introducing 8 national high-speed road corridors spanning 936 km. With an investment of Rs 50,655 crore, these corridors are set to revolutionise connectivity and boost economic growth across India, posted MyGovIndia on X, the citizen engagement platform of Government of India. These corridors will not only streamline transportation but also spur economic growth, making them a critical step forward in connecting India like never before.
10.08 / 02:54
Citi
Airlines
show
reports
travelers
Investigations
Passenger plane crash in Brazil kills all 61 on board
Vinhedo: An airplane carrying 57 passengers and four crew crashed Friday in Brazil's Sao Paulo state, killing everyone on board, the airline said. The aircraft, an ATR 72-500 operated by Voepass airline, was traveling from Cascavel in southern Parana state to Sao Paulo's Guarulhos international airport when it crashed in the city of Vinhedo. Voepass initially said the plane was carrying 58 passengers, but a statement on the airline's website later revised the figure to 57.
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