TRENDS
OYO's Ritesh Agarwal says startup investments in early, mid-stages is accelerating
Startups will make India a developed nation. The largest companies in the country India in the next few decades will be today's startups, says Agarwal
TRENDS
BCCI’s biggest World Cup payments made to marketing firms, airlines and hotels
Sports marketing and management company Twenty First Century Media bagged the highest amount of Rs 39 crore as World Cup payment from BCCI
TRENDS
ITC's Fortune Hotels plans presence in Ayodhya as it eyes potential in smaller cities
Fortune Hotels' MD said that the increased interest for Ayodhya adds another potential option for pilgrimage tourism, a segment which has seen significant growth both in terms of searches and demand in the post-Covid period.
TRENDS
PVR Inox to script a muted December quarter after a blockbuster show in Q2 FY24
After a blockbuster September quarter in FY24, industry wide box office collections declined 22 percent quarter-on-quarter (QoQ) to Rs 2,560 crore in Q3 FY24 due to weak performance of films in October and November.
TRENDS
Don’t bet on funding going up for startups in 2024, said Sugar’s Vineeta Singh
According to Singh, the third season of the Shark Tank India is like an oasis in the desert against the funding background. She said that the amount of capital in India has been low but Shark Tank India has continued to be one place where entrepreneurs have a much better shot at raising capital.
TRENDS
EaseMyTrip to focus on high value order for insurance business, to launch platform in 5 months
The company is in discussions whether to integrate the insurance segment on the existing website of EaseMyTrip or to launch a separate platform for insurance business.
BUSINESS
Goa woos new businesses to become startup hub as it goes beyond beaches
To encourage founders and entrepreneurs to establish their startups in Goa, the state government is planning to set up sea hubs, transforming villages into digital villages and building work stations in heritage locations. The state's vision is to make Goa one of the most preferred start-up destinations of India, and make it feature in the top 25 start-up destinations in Asia by 2025.
TRENDS
Goa's makeover from beaches and nightlife to temples and heritage homes
Goa is facing tough competition from foreign destinations which has led to the focus on a new approach by the state government to promote tourism.
TRENDS
Nikhil Kamath, Collective Artists Network launch fund with Rs 150-cr initial investment
The fund called as Gruhas Collective Consumer Fund has invested in five businesses so far.
TRENDS
Maldives Fallout: MakeMyTrip, Ixigo clock massive spike in searches for Lakshadweep
Travel companies and tour operators say that Lakshadweep has the potential to emerge as a top tourist destination but needs infrastructure uplift.
TRENDS
EaseMyTrip boycotts Maldives; industry giants silent, few commit to Island bookings
Platforms and travel agents are getting calls from travellers to cancel their Maldives travel packages.
TRENDS
Temple towns emerge as travel hotspots, Ayodhya to further boost spiritual tourism
While the entire India tourism market is estimated to record a a compound annual growth rate (CAGR) of 7-8 percent, spiritual tourism will grow 9-10 percent for next 5-7 years. Spiritual tourism which played a major role in the recovery of tourism in India in the post-Covid period was valued at around $56 billion in FY23, up from $44 billion in 2020.
TRENDS
Raj Shamani plans to launch more creator-led brands, in talks with 20 influencers
Creator commerce has a lot of potential to grow in India, the founder of House of X said, adding that the combination of creator economy and e-commerce "will disrupt the market"
TRENDS
Travel demand, hotel bookings surge in Ayodhya ahead of Ram temple inauguration
Along with Varanasi, Ayodhya is seeing an increase of close to 5x more searches for check-in on January 20, 21, and 22, 2024 as compared to the year before, according to data by Agoda
TRENDS
Meet the millionaires of the Esports arena, powered by India’s growing gaming industry
Esports is on the threshold of big growth. Its appeal both for participants and content creators has gone up many fold. It is all set to touch Rs 1,100 crore by 2025.
TRENDS
Rise in Covid cases won't derail foreign trips of Indian travellers
Travel operators and associations have not yet seen any cancellation or change of plans for international due to surge in Covid cases across the globe. Also, India remains one of the fastest growing markets for many overseas destinations.
TRENDS
Lower ad spends impact TV but cinema steals show in 2023; consolidation to drive growth in 2024
The pressure on ad spends in the TV space continues while the cinema business has already recorded highest-ever box office business in 2023
TRENDS
Restaurant shutdowns, regulatory hurdles hit tourism business in Goa
There are also longer-term challenges the state faces, such as creaky infrastructure and increasing competition from international destinations.
TRENDS
Dunki versus Salaar clash will come at a cost yet exhibitors are hopeful for a blockbuster show
While the show-sharing negotiations and the clash will affect box office business of the two films to some extent, experts say that it still will be a merry Christmas at the box office as string collections are expected for Dunki and Salaar.
TRENDS
Blockbuster year: 2.8 million tickets sold in one day, 16 lakh film buffs watched 6 movies in 2023
Live events took centre stage this year after the industry struggled during the Covid years. More than 26,350 live events were experienced by 13.5 million audience across 250 cities in 2023.
TRENDS
Merger with Sony gets delayed as Zee seeks more time, listing likely in Mar-Apr
The cut-off date for the merger is December 22, 2023, two years from when the merger agreement between the two media companies was signed on December 21,2021. However, Zee has now requested Sony to extend the timeline in order to make the merger scheme effective, according to a Bombay Stock Exchange (BSE) filing.
TRENDS
From founder to creator: The rise of a new breed of influencers in the creator economy
Founders today understand that having their own brand presence and personality, separate from the enterprise they lead, is crucial. This shift in approach includes having opinions on professional networking platforms like LinkedIn, and adopting a more casual, conversational tone on social media.
BUSINESS
Weak rupee not a dampener for foreign tours, say airlines & travel agents
The rupee depreciated 4 paise to hit an all-time closing low of 83.41 (provisional) against the US dollar on December 13 amid a strong American currency overseas.
TRENDS
IPL achieves decacorn status: Surges with 28% brand value growth, crosses $10 bn mark
The significant growth is attributed to factors including a media rights deal amounting to $6.2 billion (Rs 48,390 crore), an increase in the central pool of IPL revenues, the addition of two franchise teams, and the return to full stadium attendance in 2023 after the pandemic.
