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Time of India
3 days ago
- Business
- Time of India
Monsoon deals drive travel surge as airlines, hotels tap off-season demand
Travel platforms , accommodation providers, and airlines are offering monsoon sales to push travel in a typically lean season, looking to capitalise on improved sentiment following a gradual easing of geopolitical turmoil. Several factors including unrest in top holiday destinations like Kashmir and broader geopolitical concerns had prompted a section of travellers to postpone their holiday plans this summer. This pent-up demand seems to be spilling over into the monsoon season. Flight bookings have surged 25-30% YoY for certain destinations, said ixigo. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Deals Pour In This rise is for destinations such as Port Blair, Tirupati, Udaipur, Coimbatore, and Dehradun, said Rajnish Kumar, group co-CEO at the travel booking platform. Live Events Kumar said attractive monsoon offers by airlines and hotels are encouraging travellers to explore off-season getaways. India's largest airline IndiGo launched a monsoon sale from June 24-29, offering promotional fares for select domestic sectors and some international routes sectors, subject to inventory availability. Tata Group-owned Indian Hotels Company (IHCL) launched monsoon offers for Goa and Kerala. 'We are seeing occupancies of 85% till the end of this month for our hotels in Goa while average daily rates are slightly compressed compared to last year,' said Ranjit Phillipose, senior vice president, operations, Goa, at IHCL. Rental luxury home provider Saffron Stays is seeing a 30-35% growth over last year across regions like the Western Ghats, though demand in North India is flat, said founder Devendra Parulekar. 'With stock markets rebounding and July having more long weekends, we are expecting a 40% growth pan India by the end of the season,' he said. Bus bookings to popular monsoon destinations are also on the rise--like Bekal in Kerala seeing bookings double in July from a year earlier, said Rohit Sharma, COO of AbhiBus. 'Destinations such as Ooty, Coimbatore, and Wayanad are also seeing strong interest with an average 30% year-on-year uptick in bus bookings,' he said. Manoj Chacko, MD and CEO of FLY91, said the Goa-headquartered budget airline announced its monsoon ticket offer following the state government's decision to attract tourists during this lean season. The airline is offering discounted flights connecting Goa with Hyderabad, Jalgaon, Agatti, Pune, Sindhudurg, and Solapur. 'Sales have improved over the same period over last year,' said Chacko.
India Gazette
4 days ago
- Business
- India Gazette
NeGD launches 'AI in Governance' training programme for government officials at IIT Delhi
New Delhi [India], June 26 (ANI): The National e-Governance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY), has launched a 2-day training programme on 'Artificial Intelligence in Governance' at the Department of Management Studies (DMS), Indian Institute of Technology (IIT), Delhi. The programme is being held from June 26 - 27, according to a release issued by the Union Ministry of Electronics & IT. The training workshop was inaugurated by Rajnish Kumar, COO & Director, NeGD, Sunil Sharma, Director, NeGD, and Prof Surya Prakash Singh, Head of Department, DMS, IIT Delhi. A total of 59 government officials from various central ministries, State Departments, and government bodies are participating in this capacity-building initiative focused on the responsible use of artificial intelligence in public governance. Conducted under the Capacity Building Scheme (CB Phase III) of the Digital India Programme, this programme is designed to enhance the knowledge and preparedness of officers in leveraging AI for improving service delivery, decision-making, and citizen engagement. It addresses key themes such as AI policy frameworks, ethical and legal considerations, digital transformation strategies, and real-world use cases of AI in governance. The training also features interactive sessions and group exercises aimed at contextualizing AI applications in departmental contexts. This initiative aligns with the core objective of CB Phase III, which is to build institutional and individual capacities for digital governance across all levels of government. The Capacity Building team at NeGD has played a pivotal role in conceptualizing and coordinating this programme in collaboration with IIT Delhi, ensuring academic depth, practical relevance, and strategic alignment with governance reforms. As India moves toward digitally enabled public services, such programmes are vital in preparing officers to navigate and lead technology-driven change with confidence and foresight, as per the ministry. (ANI)
Economic Times
20-06-2025
- Business
- Economic Times
Elevation Capital sells Ixigo shares worth Rs 97.4 crore; Schroder buys stake
Elevation Capital (formerly Saif Partners India) has sold 53.9 lakh shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, for Rs 97.4 crore. The fund has made a 25x return in this sale. According to disclosures filed with the BSE, Elevation sold the shares at Rs 180 each on Thursday. At the same time, global investor Schroder International Selection Fund has acquired 53.6 lakh shares in the company worth Rs 96.9 crore. This comes right after Elevation Capital sold 21.5 lakh shares in Ixigo last month for Rs 38.27 crore. As of the quarter ended March 31, Elevation held a stake of around 14% in the company, holding 5.46 crore shares. It continues to hold a 12% stake in the company. Elevation Capital had invested Rs 63.1 crore in Ixigo through various tranches. Prior to this, the early-stage venture capital firm had sold shares worth Rs 100 crore through a pre-IPO secondary sale and sold shares worth around Rs 181 crore from the offer for sale (OFS) component of the company's IPO. Ixigo saw its net profit surge 128% year-on-year (YoY) to Rs 16.7 crore for the quarter ended March. The company had reported operating revenue of Rs 284 crore for the quarter, up 72% from Rs 165 crore a year ago, on account of growth across all lines of business. Founded in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo allows users to book train, flight, and bus tickets while offering various utility tools and services such as train PNR status and confirmation predictions and updates for train seat availability. It also provides personalised recommendations and automated customer support. According to the company, it has 544 million annual active users with 83 million monthly active listed on the exchanges on June 18 last year at Rs 138, a premium of 48.5% over its issue price of Rs 93. It closed on Thursday at Rs 176.05 on the BSE.
Time of India
20-06-2025
- Business
- Time of India
Elevation Capital sells Ixigo shares worth Rs 97.4 crore; Schroder buys stake
Elevation Capital (formerly Saif Partners India) has sold 53.9 lakh shares in Le Travenues Technology , the parent company of online travel aggregator Ixigo , for Rs 97.4 crore. The fund has made a 25x return in this sale. According to disclosures filed with the BSE , Elevation sold the shares at Rs 180 each on Thursday. At the same time, global investor Schroder International Selection Fund has acquired 53.6 lakh shares in the company worth Rs 96.9 crore. This comes right after Elevation Capital sold 21.5 lakh shares in Ixigo last month for Rs 38.27 crore. As of the quarter ended March 31, Elevation held a stake of around 14% in the company, holding 5.46 crore shares. It continues to hold a 12% stake in the company. Elevation Capital had invested Rs 63.1 crore in Ixigo through various tranches. Prior to this, the early-stage venture capital firm had sold shares worth Rs 100 crore through a pre-IPO secondary sale and sold shares worth around Rs 181 crore from the offer for sale (OFS) component of the company's IPO . Ixigo saw its net profit surge 128% year-on-year (YoY) to Rs 16.7 crore for the quarter ended March. The company had reported operating revenue of Rs 284 crore for the quarter, up 72% from Rs 165 crore a year ago, on account of growth across all lines of business. Founded in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo allows users to book train, flight, and bus tickets while offering various utility tools and services such as train PNR status and confirmation predictions and updates for train seat availability. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories It also provides personalised recommendations and automated customer support. According to the company, it has 544 million annual active users with 83 million monthly active users. Ixigo listed on the exchanges on June 18 last year at Rs 138, a premium of 48.5% over its issue price of Rs 93. It closed on Thursday at Rs 176.05 on the BSE.
Time of India
16-06-2025
- Time of India
‘Itni goliyaan maarungi...': UP womanpoints gun at CNG stn staff; booked
1 2 Lucknow: In a dramatic incident that has gone viral on social media, a woman can be seen pointing a gun at a CNG fuel station attendant in Uttar Pradesh's Hardoi district on Monday. Reacting to an argument of the attendant with her father, the woman can be seen brandishing the revolver and threatening to shoot him before her mother pulls her away, and the family leaves the scene. Pressing the .32 bore licensed revolver's barrel to his chest, the woman said, "Itni goliyaan maroongi ki ghar wale bhi pehchanne se mana kar denge" (Will pump in so many bullets that even your family will not be able to identify your body). Rajnish Kumar, the CNG station attendant, has lodged a formal complaint against the girl, Ariba Khan, 21, and her parents, Ehsan Khan and Husnbano of Shahabad area. The dispute arose after the gas station staff, as per the safety norms, asked the occupants of a car to step out of the vehicle as he was refilling the CNG. The car occupants objected to this, and a heated exchange ensued. Police said the licensed revolver of Ehsan, along with 25 live cartridges, has been seized and further investigations were underway. The case was registered under BNS sections 115(2) (voluntarily causing hurt), 352 (intentional insult), and 351(3) (criminal intimidation) and Arms Act. Hardoi SP Neeraj Jadaun said they have written to the district administration for the cancellation of the arms licence. "The accused said the CNG station worker abused them, following which they got furious and took out the revolver," said the officer. The owner of the revolver runs a business of tiles and marbles while his only daughter is a NEET aspirant, said police.
