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MOHIT KABRA
MakeMyTrip acquires majority stake in leading regional tour operator Flamingo TransworldMakeMyTrip said Flamingo's popular international and domestic group travel packages, which are currently sold largely through 51 offices ac...- Mohit Kabra takes over as Group COO, Dipak Bohra named Group CFO at MakeMyTripMakeMyTrip has appointed Mohit Kabra, previously Group CFO and board member, as the new Group COO to oversee operations and strategy. Dipak...
- MakeMyTrip completes share repurchase to cut China-based Trip. com's stakeThe Gurugram-headquartered MakeMyTrip informed the US stock exchange that three Trip.com-nominated directors have resigned with immediate e...
- Online portals offering travel plans are tour operators: Appellate TribunalThe additional director general, Directorate General of GST Intelligence, had argued that MMT India wasn't a tour operator as it was provid...
- Travel companies seek 20% TCS deadline extension, say system not readyTravel companies and industry bodies in India are seeking an extension of the 1 July implementation date for a 20% tax at source on oversea...
- Using prepaid forex cards? Still no clarity on 20% TCSAt present, foreign currency and prepaid forex cards up to Rs 7 lakh accessed through these RBI-authorised facilities for international tra...
- Travel industry seeks removal of 20% TCS on overseas packages"The TCS should be completely abolished or should be kept at a notional rate of 0.1% which will still meet the government objective of chec...
- Govt move to impose 20% TCS on credit card spends abroad leaves holidayers in a fixThe government's decision to include international credit card spends of individuals when they travel overseas under the overall Liberalize...
- Travelling abroad? Now, pay 20% additional TCS on international credit card spend from July 1Travel industry insiders, already reeling under the impact of the government’s move to hike TCS to 20 per cent on overseas tour packages, s...
- Travel cos urge government to review move to raise TCS on overseas tour packages"We have sent a request to CBDT on March 8 asking them to reconsider this proposal. Besides tour operators, it's going to be a losing propo...
- Stocks in the news: IndusInd Bank, RITES, NBCC, Voda Idea, HUL and Titan CompanyUnilever said India business growth will be “soft” because of the rural slump.
- MakeMyTrip’s rights issue values company at Rs 26,000 croreThe parent company infused around Rs 128 crore over the past six months through subscriptions to the rights issue, documents filed by MakeM...
- MakeMyTrip and OYO rekindle partnership; Latter to list all properties across MMT platformsThe announcement also comes almost three weeks after a senior MakeMyTrip executive said, during the Nasdaq-listed company’s third-quarter e...
- MakeMyTrip posts wider loss in Q3, may revisit OYO strategyThe company's top executives said they may revisit its strategy relating to SoftBank-backed OYO, which has emerged as a real contender to t...
- Why has MakeMyTrip turned all young and hungry?Here's what India's largest and oldest travel aggregator is doing right.
- MakeMyTrip losses widen in Q1 2018; ups marketing and promotions spendMakeMyTrip posted a loss of $68.5 mn, or 70 cents a share on a diluted basis, in the quarter ending June 30, 2017, compared with $14.3 mn, ...
- MakeMyTrip's sales & marketing spends jump 4x to $52.7M in Q1 due to customer discountsAround 91% of MakeMyTrip's hotel transaction volume comes from India, with mobile accounting for nearly 73% of India transactions.
- MakeMyTrip spent Rs 730 crore on sales and marketingThe spending underlines an increasingly expensive battle for domination of the hotel booking space being fought between Ibibo Group and OYO.
- For top travel portals like MakeMyTrip and Yatra, journey has been far from profitableLimited reach due to low internet penetration take a toll, even as offline peers like Cox & Kings and Thomas Cook make profits.
- Sebi needs to go beyond the recent guidelines to give more fillip to startupsStartups have raised four times more money from venture investors than mature companies have through IPOs and Sebi needs to do more.
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