Online travel firm Ibibo Group said its parent, South African Internet and media company Naspers, would invest $250 million (Rs 1,650 crore) in the company to expand its presence in the hotel segment, focus on...
Thomas Cook ties up with Airbnb
In its first tie-up with a non-online travel player globally, Airbnb has entered into an agreement with Thomas Cook to offer a range of accommodation options to outbound travellers at different price points. Thomas Cook...
Lemon Tree looks to diversify to cushion cyclical hotel business.
Lemon Tree Hotels is looking at diversifying into vacation ownership and affordable housing to broaden revenue streams and cushion its hospitality business. The company plans to invest about Rs 300 crore to acquire...
Barry Diller: We Want to Go As Fast As We Can
Expedia Chairman and Senior Executive Barry Diller discusses mergers and acquisitions. He speaks on “Bloomberg ‹GO›.” Click here to see the video –
Vietnam Air to Sell 8.8% Stake to Japan’s ANA, CEO Says
Vietnam Airlines Corp. will sell an 8.8 percent stake to ANA Holdings Inc., owner of Japan’s biggest airline, for $108 million, the companies announced Tuesday. The deal with the operator of All Nippon Airways will...
Chinese online travel major Ctrip.com International to invest Rs 1204 crore in MakeMyTrip
NEW DELHI / MUMBAI: Chinese online travel major Ctrip.com International has agreed to invest $180 million (Rs 1,204 crore) in India’s largest online travel company, Nasdaq-listed MakeMyTrip.com, the latest...
Paytm enters bus ticketing business; hotels next
Paytm, the mobile commerce platform and e-commerce entity, has made a foray into the travel segment, launching a bus ticket marketplace. It has tied up with four travel aggregators, to cover a wide range of bus routes...
Jet.com raises $350 million
E-commerce start-up Jet.com has announced a $350-million cash infusion led by Fidelity Investments, providing money to help attract customers during its first holiday shopping season. An additional $150 million...
MakeMyTrip To Acquire Stake In HolidayIQ
Online travel portal MakeMyTrip, is picking up 28% stake in travel community portal, HolidayIQ, for a consideration of about R95 Cr ($15 Mn), valuing the company at around R340 Cr. The deal is expected to be completed...
Thomas Cook Acquires Kuoni’s Travel Business In India & Hong Kong
ravel and tour operator Thomas Cook, has entered into an agreement to buy Kuoni Group’s travel & tour business in India and Hong Kong for R535 Cr ($84 Mn). Post deal, Thomas Cook will take on all of the...
Apollo Tyres buys out Germany’s Reifencom for euro 45.6 million
MUMBAI: Apollo TyresBSE 0.40 % has acquired German tyre distribution firm Reifencom GmbH for 45.6 million euros, or about Rs 324 crore, in a move that will take its brand closer to customers in Europe. “It will...
