TFW Bureau

MakeMyTrip has posted its Q1 FY25 results and has reported a 12.9 per cent year-on-year rise in its net profit which now stands at $21.0 million. The company had reported a net profit of $18.6 million during the same period last year (Q1FY24). The company's revenue as per IFRS grew by 31.4 per cent YoY ...

Focusing on spiritual tourism, Finance Minister Nirmala Sitharaman laid out a robust plan for India’s travel and tourism sector; aiming at transforming many well-known domestic destinations into buzzing tourist attractions in the Union Budget 2024 presented on July 23, 2024. Madhavan Menon, Executive Chairman, Thomas Cook (India) Limited (Thomas Cook, SOTC, Sterling Holidays and TCI), ...

Miniso, the well-known international product retailer, is expanding its retail footprint across the country. The brand has announced opening of 15 new stores in the last 45 days. The announcement was made by a senior company official on social media. New locations include places of high footfall like The Mall of Dehradun and Address One ...

It's an opportune moment for franchising as the Finance Minister announced a budget with a strong emphasis on employment, skilling, MSMEs, and the middle class.  "Turning attention to the full year and beyond, in this budget, we particularly focus on employment, skilling, MSMEs, and the middle class," said the Finance Minister Nirmala Sitharaman. Highlights & ...

State-owned Energy Efficiency Services Ltd (EESL) will soon introduce retail franchisee shops called 'Urja Dakshta Dukan' which will offer affordable energy-efficient products like LED lights, ACs and fans to consumers, a senior official said. EESL, at present, distributes products through retail tie-ups with power distribution utilities to consumers. Buyers can also purchase the products online ...

According to a recent survey by the Retailers Association of India (RAI), retail sales in June 2024 showed a growth of mere 5% as compared to the sales in June 2023. Retail businesses across regions have indicated growth in sales compared to June 2023, with South India showing the highest increase at 7%, followed by ...