INR slips in early moves
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Business Standard
an hour ago
- Business Standard
Air Canada Celebrates Canada Day with Limited-time Fare Discounts for Customers Flying from India
NewsVoir New Delhi [India], July 3: In the run up to Canada Day celebrations held on July 1 every year, Air Canada has announced exclusive, limited-time discounts of up to INR 2,900 on round-trip Economy fares for customers flying from India to Canada. The discount includes all popular non-stop routes from New Delhi and Mumbai to major Canadian cities, including Toronto and Montreal, with onward connectivity across Air Canada's extensive North American network. The promotion is valid only for bookings made from June 23 to July 7, 2025, for travel to Canada between September 1, 2025, and March 26, 2026. Arun Pandeya, Air Canada's General Manager for India, said, "We are delighted to extend Canada Day celebrations to our Indian customers through this special offer, encouraging customers to explore the beautiful country of Canada." "Whether travelling for business, leisure or to connect with family, we are offering great sale prices to inspire Indian customers already looking to book their next adventure." Indian customers can take advantage of these discounts by booking via Air Canada's website. For full details and to book tickets, please visit Recently, Air Canada was awarded as the 'Best Airline in North America' at 2025 Skytrax World Airline Awards. Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the world's largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada's passenger and freighter aircraft. Air Canada's climate ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. For additional information, please see Air Canada's TCFD disclosure. Air Canada shares are publicly traded on the TSX in Canada and the OTCQX in the US.
Time of India
an hour ago
- Time of India
India's advertising market set for significant growth, poised to enter top 10 globally by 2026: Report
India's advertising expenditure (Adex) is projected to experience substantial growth in the coming years, with Magna Global's June 2025 update forecasting Adex to reach INR 1476 billion by 2026. This trajectory is expected to position India among the top ten advertising markets worldwide next year. The positive outlook for India's ad market is underpinned by robust economic projections. The International Monetary Fund (IMF) has forecasted India's growth at 6.2 per cent in 2025, recovering slightly to 6.3 per cent in 2026, even as global growth is projected at a more modest 2.8 per cent in 2025. India is also on track to become the fourth-largest economy in 2025, surpassing Japan, and is expected to overtake Germany to become the third-largest by 2028. The nation's domestic growth drivers are seen as a key factor in its ability to navigate potential global trade disruptions. Total Adex is estimated to grow by 7.8 per cent in 2025, reaching INR 1371 billion (USD 15.9 billion), with a further 7.7 per cent increase anticipated in 2026. This growth is significantly driven by the continued expansion of digital advertising, which surpassed traditional advertising in 2024 to hold a 51 per cent share. In 2025, digital Adex is expected to rise by 12 per cent to INR 728 billion (USD 8.4 billion), while traditional media revenue is forecast to increase by 3.4 per cent to INR 643 billion (USD 7.5 billion). Within the digital landscape, social advertising is emerging as a dominant force and is predicted to surpass Television in terms of ad spend within the next five years. Hema Malik, chief investment officer, IPG Mediabrands India, commented on the market's resilience: "Magna predicts above average ad spend resilience in 2025 neutralising the impact of ad spend on cyclical events in 2024 led by National Elections and T20 World Cup. In 2025 Magna expects dynamic ad spend in Finance, Media, Pharma, Technology, Gaming and Retail, while Automotive and Electronics might lag. The trio of Video, Social and Retail will once again lead the Adex growth." Malik further noted the shift in sports consumption: "Live sports, which were the only Linear TV mainstays, have been upended with more people streaming sports content. Ad-supported streaming experiences rapid growth in access, consumption, and advertising sales, as nearly all streaming TV platforms offer more affordable ad-supported plans. Long-form video is growing at a blistering pace of over 25 per cent and is six per cent of the total video forecast, estimated to gain double digit share in the next three years." While the evolving global trade landscape may influence India's growth, the country's low dependence on exports and strong domestic growth drivers position it to manage potential disruptions. However, sectors crucial to both trade and domestic Adex, such as CPG, Auto, Textiles, Electronics, and Technology, face challenges, necessitating a cautious stance. The revenue outlook for media owners in 2025 is positive across both linear and digital formats, with a six per cent increase expected in the first half of the year and a nine per cent growth in the latter half. Any trade impact is likely to be felt in the second half, and while the forecast accounts for this, some uncertainty remains. Overall, the 7.8 per cent year-on-year growth in 2025 will see total revenue increase by INR 99 billion, from INR 1272 billion (USD 14.7 billion) to INR 1371 billion (USD 15.9 billion). Digital Pure Player formats, valued at INR 680 billion (USD 7.9 billion), are a primary driver, estimated to grow at 11.4 per cent, the report highlighted. Video, the second largest format at INR 413 billion (USD 4.8 billion), is estimated to grow by four per cent. Digital Video growth is stronger at 17 per cent, but overall video spends are tempered by linear television's forecast growth of 2.5 per cent. Digital Pure Play and Video collectively account for 80 per cent of the total Adex. Publishing is projected to grow by 3.5 per cent to INR 205 billion (USD 2.4 billion), with its digital version growing at twice that rate. Audio and Experiential, representing five per cent of the Adex, are expected to grow by 5.9 per cent and 12.9 per cent, respectively. In 2026, the overall growth is anticipated to be 7.7 per cent, stated the report.
Business Standard
2 hours ago
- Business Standard
Phoenix Mills allots 1,604 equity shares under ESOP
Phoenix Mills has allotted 1,604 equity shares under ESOP on 3 July 2025. Consequent upon allotment of the above shares, the paid-up Equity Share Capital of the Company stands increased from Rs 71,50,46,692 consisting of 35,75,23,346 equity shares of Rs 2/- each to Rs 71,50,49,900 consisting of 35,75,24,950 equity shares of Rs 2/- by Capital Market - Live News
