Budget 2024: Travel & tourism sectors’ wishlist for FM
Stakeholders and experts say rationalisation of GST rates, GST credit, cut in ATF, amendment in TCS should be in FM’s agenda for this year’s budget
makemytrip
February 2024
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October 2023
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March 2020
MakeMyTrip’s Q3 profit surges to $24.2 mn; revenue up 27% YoY
Revenue experienced a substantial YoY increase of 26.9%, soaring to $214.2 million in Q3 FY24 from $170.5 million in Q3 FY23.
EaseMyTrip soars 17% amid Maldives row
The company’s market cap rose to ₹8,959.44 crore.
How MakeMyTrip pivoted from flight platform to travel super app
MMT in FY23 saw a GMV of $6.5 billion, from $1.63 billion in FY21. From a loss of $70 million, the company's profits have increased to $70 million in FY23.
TCS on overseas bookings should be levied by card-issuing banks: MakeMyTrip
There could be a significant loss of business for the domestic travel industry, says Mohit Kabra, Group CFO, MakeMyTrip
Nasdaq-listed MakeMyTrip's loss narrows to ₹92.1 cr in FY23
The company's gross bookings surged 122% year-on-year to ₹54,306 crore in FY23 as against ₹26,330 crore in FY22.
MMT Bets on Building Wealth, New Leaders
Travel solutions provider offers uncapped leave, attractive stock options and sops for buying e-vehicles.
CCI imposes ₹392 cr fine on MakeMyTrip, Goibibo, OYO
The regulator has slapped a fine of ₹223.48 crore on MakeMyTrip-Goibibo (MMT-Go) and ₹168.88 crore on OYO (Oravel Stays Limited) for indulging in anti-competitive conduct.
Covid-19: Of job losses, pay cuts and deferred hikes
While the pandemic is causing employers to rethink their hiring forecasts, many are in a cash-conservation mode and are delaying or cancelling bonus payouts and increments, say HR experts.
Overseas travel down 20%, no dip in domestic holidays
According to online travel portals, Indian holiday seekers are looking at Andaman & Nicobar Islands, Goa, Ujjain, and the neighbouring countries of Sri Lanka and Bhutan for their summer travel
