Udaan raises USD 585 mln to expand its ecommerce platform

Udaan, an India-based B2B ecommerce platform, has raised USD 585 million in a new financing round to expand its ecommerce platform. According to TechCrunch, the company wants to bring more kirana stores, chemists, and other small businesses online through its marketplace. The investors include Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures. Existing... Continue Reading →

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McDonald’s celebrates Founder’s Day in North and East India

Introduces new uniforms for crew on this special occasion October 7, 2019, New Delhi: Commemorating the visionary restaurateur and pioneer of the QSR industry Ray Kroc on his birth anniversary, McDonald’s celebrated Founder’s Day across 152 restaurants in North and East India today. Bringing to life McDonald’s ‘Customer Obsessed’ culture, employees from the corporate office of... Continue Reading →

Himachal Pradesh unveils new tourism policy, incentivises new projects

The Himachal Pradesh government has approved the draft of the new tourism policy in the state aimed at holistic development of tourism. The state cabinet has approved ‘Capital Investment Subsidy’ for tourism projects in underdeveloped areas of the state and grant for access of roads and water supply to tourism units. There will be 5% capital... Continue Reading →

Decision to lower GST on hotels brings relief to tourism sector

After announcing major tax sops for Indian industry in the afternoon, the decision of the Goods and services tax (GST) Council to reduce GST burden on various sectors of the economy has brought much-awaited relief to the Indian industry. The GST council, which met in Goa, has decided to reduce GST burden on hotels, gems and... Continue Reading →

SpiceJet eyes USD 10 billion-plus Airbus deal

SpiceJet is weighing an. order for at least 100 Airbus planes as Boeing grapples with the fallout over its grounded 737 MAX. The budget carrier, a major global customer for the MAX, may buy a sizable number of Airbus A321LR and XLR jets to accommodate a planned expansion, Ajay Singh, chairman of SpiceJet said. No decision... Continue Reading →

Buddycations: India’s new holiday mantra

A recent study commissioned by the private non-life insurer ICICI Lombard has revealed that Indians take vacations with their buddies. The survey suggests that school or college friends in India are more inclined to meet over an annual ‘buddycation’ (21%) than during their annual alumni meet (16%). As per the survey, respondents in Mumbai (29%),... Continue Reading →

Mumbai Airport main runway to be closed during day time for 5 months

Airlines are staring at a substantial rescheduling, diversions and cancellations of flights at the second busiest airport in the country – the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai as its main runway undergoes partial shutdown from 1 November for close to five months during peak hours due to re-carpeting work. As a result,... Continue Reading →

St. Petersburg offers free e-visa to Indians

St. Petersburg will welcome Indian tourists through free e-visa from today. Indian visitors can now avail single-entry tourist, business and humanitarian visa from the comfort of their office or home. The online application for free e-visa takes four days to process and should be applied for 20 days before the date of travel. The e-visa... Continue Reading →

EbixCash buys corporate travel business of Cox & Kings

EbixCash has acquired the corporate travel business from Cox & Kings for an undisclosed amount. This is its second acquisition in recent months, after its purchase of Yatra.com. The company said it has signed a deal with Cox & Kings to transfer its business travel agreements to the EbixCash’s Mercury Travel division. “Under the agreement, key... Continue Reading →

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