MAKEMYTRIP
MakeMyTrip's India arm gets Sebi nod to float IPO
MakeMyTrip's India subsidiary, MMT India, has received approval from Sebi for an initial public offering. This approval follows a confidential filing of draft papers made in July. The IPO will involve the sale of equity shares by MakeMyTrip and its subsidiary, ibibo Group Holdings. Proceeds from the sale are expected to enhance the cash position of the parent company.
India's rich turn to concierge cards for things money alone can't buy
Luxury concierge firms like Sulit Lifestyle and Lunar Tales are catering to ultra-high-net-worth clients in India. These firms focus on sourcing rare luxury items that are often hard to find. Requests for such products have significantly increased in recent years, underscoring rising demand. Clients are willing to pay substantial premiums for speed and exclusivity when acquiring these items.
Plea seeking Tata Sons listing filed in Bombay High Court
According to the filing before the Bombay High Court, Rohini Amin and L Ramanathan jointly filed writ petition on November 5. The petition names Tata Sons Ltd, N Chandrasekaran, Saurabh Agrawal, Harish Manwani, Anita M George, Noel Tata, Venu Srinivasan, Darius Khambata, Bhaskar Bhat and Siddharth Sharma as respondents.
MakeMyTrip enters shared mobility segment with majority stake in Quick Ride
MakeMyTrip announced the acquisition of a majority stake in Quick Ride, a shared mobility platform. The investment aims to strengthen its presence in the shared mobility segment, complementing existing ground transportation services. Quick Ride’s operations will be led by its current promoters under a new entity called Co Ride Mobility Private Limited. The acquisition reflects MakeMyTrip's strategy to expand its capabilities across various travel segments.
Corporate offsites, incentive trips make a comeback as companies resume travel plans
Corporate offsites and incentive trips are witnessing a revival as companies resume travel plans. Businesses are now scheduling deferred trips alongside new programmes for enhanced team engagement. Popular destinations include both domestic locations like Goa and international options such as Japan and Thailand. Companies aim to create curated experiences that foster collaboration and learning among employees. The focus remains on building connections and strengthening team culture during these offsites.
MMT reports net profit of $1.8 million in Q2, revenues at $ 235.2 million
MakeMyTrip reported a $1.8 million Q2 net profit, reversing a year-earlier loss of $5.7 million. Revenue rose 11.2% to $235.2 million, while gross bookings grew 20.9%, supported by hotels, transport and AI-powered travel assistant Myra.
HDFC Bank offers up to Rs 70,000 savings on credit card purchases during festive season: Offers on Croma, Reliance Digital, Vijay Sales and more
In its annual Festive Treats 2026 campaign, HDFC Bank is rolling out exciting financial product offers that allow customers to save up to Rs 70,000 on their festive shopping. The promotion includes special advantages on Xpress Personal Loans, credit cards, and EASYEMI payments.
Vegetable seller caught printing fake notes in Gujarat after watching Instagram reel, police seize more than 200 notes
A Rajkot vegetable vendor has been arrested after police allegedly found counterfeit Rs 100 and Rs 500 notes along with equipment used to produce them at his home. Investigators said Kishan Solanki learned the process after seeing an Instagram reel and later communicating with a trainer on Telegram. Police allege he circulated around 40 fake Rs 100 notes through small purchases.
IMC 2026 to put DeepTech at centre of startup programme ASPIRE
India Mobile Congress 2026 will take place from October 7 to 10 at Yashobhoomi Convention Centre in New Delhi. The event will emphasise DeepTech and frontier technologies to support startups advancing from prototype to market. Over 500 startups and 300 venture capital firms are expected to participate, fostering connections through one-on-one meetings.
Wife, daughter and son waited in a car in snowfall at minus 4 degrees after the booked Gulmarg hotel was missing, MakeMyTrip ordered to pay Rs 48,775
A consumer commission in Gurdaspur has ordered MakeMyTrip to pay Rs 48,775 to an advocate whose family says the Srinagar and Gulmarg hotels they booked online could not be found, leaving them to spend a night in their car in the snow.
Record quarter primes India IPO market for blockbuster year
India’s IPO market is on track for another strong year after raising over $13 billion so far, including a record $9 billion in the third quarter. Large deals and strong domestic demand support the pipeline, with numerous companies awaiting approvals. However, market volatility, investor selectivity and valuations could influence upcoming issuance and timing.
‘Money came by mistake’: Man returns Rs 8,400, later finds his Rs 25,000 blocked by bank over ‘suspicious activity’
A viral X post has raised concerns over returning money received from unknown bank accounts after a man claimed that Rs 8,400 sent to him by mistake was followed by a debit hold on his account, leaving Rs 25,000 of his own funds inaccessible. The experience prompted users to advise verifying unexpected transfers with the bank before sending money back.
Sachin Tendulkar asks ChatGPT to help plan family trip, reveals how he uses the AI tool
Sachin Tendulkar has partnered with OpenAI and revealed that he has already used ChatGPT for practical tasks, including planning a family trip. The former India cricketer said the AI tool has also encouraged his curiosity, with one question often leading to another. Tendulkar said he looks forward to exploring more ways to use ChatGPT and sharing what he finds useful.
AI agents take over online shopping: Ecommerce firms rethink pricing, verification
India’s ecommerce and digital platforms are preparing for a surge in personal AI agents that could increasingly make shopping decisions and transactions for consumers, forcing companies to rethink pricing, customer engagement and bot verification.
India needs to fix travel experience to attract more foreign tourists, Nikhil Kamath ignites tourism debate
To increase the number of foreign visitors, India should improve the tourist experience upon arrival. Experts highlight the importance of resolving issues such as lengthy queues and inadequate public washrooms. The lack of hotel rooms during peak seasons also deters travelers. Innovative travel solutions, including AI assistants, are on the rise. By diversifying destinations, India can promote longer visits and encourage repeat travelers.
Amazon Alexa+ launches in India at ₹2,000/month: Leadership on AI, privacy and what’s next
Amazon has launched Alexa+ in India, adding generative AI, personalised conversations and task-performing capabilities to Alexa. Available under Early Access from September 16, it supports Hindi and Hinglish and can work across smart-home devices, Amazon services and partner platforms. Alexa+ will be free for Prime members after Early Access, while other users can access it through paid plans.
Amazon launches Alexa+ in India with generative AI, Hinglish and smarter voice controls
Amazon has launched its generative AI-powered Alexa+ assistant in India. This new version offers more conversational voice interactions and personalized responses. Alexa+ understands natural conversation and can perform various everyday tasks for users. It is designed to recognize Indian languages and cultural references effectively. The service is currently available for eligible customers under an early access program.
IRCTC names Paytm among platforms driving 28% of online railway ticket bookings
Nearly twenty-eight percent of Indian railway tickets are booked through third-party platforms. This significant share includes major players like Paytm and MakeMyTrip. IRCTC Rail Connect app and website handle the majority of online bookings. Paytm's consumer business shows strong growth in UPI transactions and users. Railways remain a resilient online booking category for travel companies.
AI is reshaping holiday planning, but travellers still want the final say
One in two travel bookings is online now, and it is expected to increase. Two-thirds of the total bookings will move online in the short term, according to a report by brokerage firm Motilal Oswal Financial Services. From ₹210,000 crore in 2023, the market will expand to Rs 380,000 crore by 2028, it said. Online penetration is projected to increase from 54% to 65% in this period.
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