Online travel portal MakeMyTrip Ltd has formed a partnership with Flipkart to allow customers to book domestic flight tickets and other travel services directly through the e-commerce firm’s portal. The partnership will...
Cox & Kings sells additional 3% stake in UK subsidiary
Holidays, education and travel group Cox & Kings Ltd has announced on Friday that its 100% subsidiary Prometheon Enterprises Ltd (PEL) has sold an additional stake of 3 % in Prometheon Holdings (UK) Limited (PHUK)...
Stake sale to aid Cox & Kings, but earnings quality still a concern
For a company facing working capital pressure and a consequent rise in borrowings and finance costs, fund infusion should ideally bring relief. But that was not how it played out at Cox & Kings Ltd last week. The...
Cox & Kings sells 11.58% stake in education and hotels arm for Rs 4.5 bn
Cox & Kings sold 11.58 percent stake in its education tours and hybrid-hotel business in Europe to global fund SSG Capital Management for Rs 4.5 billion. The tour operator will use the entire proceeds to retire the...
MakeMyTrip, Yatra and Go ibibo to partner with Oyo to boost their business
Collaboration brings bigger gains than competition, and the leading players in the domestic online travel space seem to have understood this. When in October 2015, MakeMyTrip, Goibibo and Yatra jointly decided to de...
InterGlobe to sell unit in $400m deal
Travel and hospitality conglomerate Inter-Globe Enterprises has started a process to divest shares in its technology services unit. InterGlobe has mandated investment banks Avendus and BNP ParibasBSE -0.35 % to advise...
Quess Corp’s arm completes 45% stake buy in Simpliance Tech
Travel services provider Thomas Cook India’s arm Quess Corp Ltd has completed the acquisition of 45 percent stake in Simpliance Technologies. “Quess Corp Ltd…has completed acquisition of 45 percent...
Lyft raises additional $500 mn in funding
Uber rival Lyft is raising an additional $500 million in funding, according to a US share authorisation document filed in Delaware news website Axios said. The additional funding round, led by Alphabet’s CapitalG, is an...
Cox & Kings plans IPO for education tour business
Tour operator Cox & Kings is exploring an initial public offering for its education tour business in Europe and Australia as it believes it will generate better value for the company and its shareholders...
Itilite Technologies raises funds from Matrix Partners, angel investors
Bengaluru-based travel management start-up Itilite Technologies Pvt. Ltd Wednesday said it has raised a seed round from Matrix Partners and some angel investors. The size of the investment was not disclosed. Itilite is...
Ebix acquires Kalaari-backed Via.com for $75 million
US-based software and services company Ebix has acquired online travel portal Via for $75 million as it eyes growing its distribution network in India to cross-sell financial products under its EbixCash brand. The...
Thomas Cook India acquires Tata Capital’s travel firm
Thomas Cook IndiaBSE 0.21 % today said it has completed the acquisition of Tata Capital’s wholly owned subsidiary TC Travel and Services Ltd. “The company has completed on October 30, the 100 percent stake...
