New Delhi, April 7 (ANI): Trading at the Bombay Stock Exchange today closed 16.05 points down to stand at 22,343.45. At the National Stock Exchange the Nifty closed up 0.70 points up to stand at6, 695.05. Suzlon Energy and Strides Arco were among the top gainers of Group A with an increase of 12.40% and 8.02% along with Jaiprakash Associates and GMR Infrastructure with an increase of 5.40% and 5.38% respectively, while the top losers of Group A include Jindal Steel and Future Retail with a decrease of 5.93% and 5.46% along with Prestige Estates and Crompton Greaves with a decrease of 4.90% and 3.72% at the close of the markets. The Auto sector is down 13.96 points at 13,264.91 while the banking sector is down 56.91 points at 14,305.35 and the realty sector is down 20.89 points at 1,505.71. The Indian currency is down 0.17% at Rs 60.19 per dollar.
Amazon has announced its plans of acquiring ‘Eero’, the startup that is focussed on mesh home routers. Eero makes use of a mesh network to produce wireless routers and extenders that provide better coverage for home Wi-Fi networks and makes it easy to have fast and reliable Wi-Fi all over the house. Eero routers are designed to overcome coverage and dead zone issues encountered through traditional routers. Multiple access points are used to provide coverage to an entire home or apartment with a strong Wi-Fi signal. Amazon says that this deal will “help customers better connect smart home devices.” It will make it easier to set up Alexa-compatible gadgets if Amazon also controls the router technology. Amazon SVP Dave Limp said in a press release that “We are incredibly impressed with the Eero team and how quickly they invented a WiFi solution that makes connected devices just work. We have a shared vision that the smart home experience can get even easier, and we’re committed to continuing innovating on behalf of customers.” While the deal is good news for Amazon investors, many Eero users have expressed their disapproval of the deal. Amazon has faced criticism about how Alexa listens in people’s homes, and can be a threat to user privacy. Existing Eero users have voiced their concerns along the same lines: Eero support has tried to put customers worry to rest with a tweet, saying, “Eero does not track customers’ internet activity and this policy will not change with the acquisition”. Eero is not the first router startup to be acquired by Amazon. Amazon has acquired startups like Ring and Blink, in recent years, with a vision to launch its own in-house Alexa smart home ecosystem. Details of the deal have yet to be disclosed. Head over to Techcrunch for more insights on this news. Read Next “Amazon wants to make all the rules and weaken democracy in NYC”: Brad Lander on Amazon’s HQ2 deal Aurora, a self-driving startup, secures $530 million in funding from Amazon, Sequoia, and T. Rowe Price among others Amazon faces increasing public pressure as HQ2 plans go under the scanner in New York
Travelweek Group Share Tuesday, June 13, 2017 GENEVA — Growth in premium passenger traffic has exceeded its economy counterpart in many key markets in the past year, according to the latest stats from IATA.IATA’s Airlines Financial Monitor for May 2017 shows premium airfares have generally held up better than those in the economy cabin. In only two of the main premium markets (Europe – Asia and North and Mid Pacific) are premium fares underperforming economy. Premium traffic accounted for 27.2% of total passenger revenues in Q1 2017, up from 26.4% a year ago.Overall, global passenger volumes grew by 10.7% in year-on-year terms in April – the fastest pace in six years, said IATA.Global airline share prices performed strongly in May, surging 7.8% to be up more than 20% over the past year. Gains were observed in all three regions (North America, Asia Pacific and Europe), but European airline shares led the way again this month, with a 14.3% rise.More news: Consolidation in the cruise industry as PONANT set to acquire Paul Gauguin CruisesThe latest financial results for Q1 provide further evidence of the squeeze on airline profit margins, reflecting higher costs and weak yields. Industry-wide free cash flow also eased in Q1, compared with the outcome in Q1 2016.The fall in oil prices in April extended into May and despite some recovery, the monthly average price fell almost 4%. Jet fuel prices behaved in a similar fashion and were down 5.6% for the month overall, said IATA.Passenger yields remain 3-5% lower than a year ago amidst ongoing signs that the downward trend in yields of the past three years may have bottomed. Strong premium class traffic fuelling growth for airlines: IATA Posted by Tags: IATA, Trend Watch << Previous PostNext Post >>
Tuesday, November 14, 2017 << Previous PostNext Post >> Travelweek Group Posted by ABU DHABI — Better information sharing and coordination on security measures among governments and with the industry is essential, said Alexandre de Juniac, IATA’s Director General and CEO, in a keynote address to the IATA AVSEC World Conference in Abu Dhabi.“The failure to share information among states manifests itself in many ways. The differing responses by governments to the threats that resulted in this year’s ban on Portable Electronic Devices (PEDs) on some routes by the US and UK is an example of the confusion that can result,” said de Juniac.“Governments and the industry are partners in aviation security. Airlines have operational know-how. Governments have the financial and intelligence resources. We have to put them together effectively in a continuous dialogue focused on improving security.”No one can predict the next security challenge but “our common defense is stronger when governments and industry work together,” he said. “And if we can avoid long term extraterritorial measures, focus on global standards, share information and develop technology efficiently, our hand is strengthened even further.”More news: Virgin Voyages de-activates Quebec accounts at FirstMates agent portalGovernments must avoid the long-term use of extraterritorial measures and ensure that airlines are not left to bear the financial brunt of unplanned expenses for an indeterminate period, he added.“Threats to aviation are real. And we understand that sometimes unilateral additional measures of an extraterritorial nature may be unavoidable. But these cannot be long-term solutions and airlines should not be caught in the middle, picking up the pieces and bearing unplanned expenses for an indeterminate period when governments cannot agree on measures needed for the security of their citizens.”The U.S. Transportation Security Administration (TSA) requirement that airlines conduct interviews with passengers flying to the US is an example of an extraterritorial requirement, he said. “Such interviews are traditionally done by government authorities. In the short term airlines may seem to be the best positioned to conduct the interviews. But in the long-term, if governments believe that these interviews are critical, then governments themselves should work together to dedicate the resources needed to fulfill that function.” Lessons to be learned from laptop ban, says IATA Share Tags: IATA
Tags: Contest, TPI Share Tuesday, June 19, 2018 Posted by Travelweek Group TPI announces grand prize winner of travel agent month contest TORONTO – Travel Professionals International (TPI) has announced the winner of its travel agent month contest with Norwegian Cruise Line.Monique Powell, a member of the TPI family since July 2011, has won a cruise for two aboard Norwegian Cruise Line. The month-long contest also included daily prize giveaways.According to Zeina Gedeon, CEO of TPI, the contest was designed to honour its network and celebrate its advisors. “We would like to congratulate Monique and thank all our advisors for participating in the contest,” she added. << Previous PostNext Post >>
Carnival Corp. is moving these two Costa ships to China Travelweek Group Tags: Carnival Corporation, China, Costa Cruises << Previous PostNext Post >> Tuesday, November 6, 2018 Share MIAMI — Two ships are leaving the Costa fleet and heading to China to serve that country’s growing cruise market.The first of these ships, the 85,861-ton, 2,210-passenger Costa Atlantica, is scheduled to be transferred by the end of 2019. Costa Atlantica’s sister ship, the 2,114-passenger Costa Mediterranea, will be transferred at a date still to be announced.Both ships are heading to a new Chinese cruise division, CSSC Carnival Cruise Shipping Limited, the result of a new joint venture between Costa Cruises’ parent company Carnival Corp. and China State Shipbuilding Corporation (CSSC). “The official launch of our cruise joint venture in China is a significant milestone in the strategic development of a strong and sustainable cruise industry in China,” said Arnold Donald, CEO, Carnival Corporation. “Together with our partners, we are excited about our ability to launch a new cruise line in China based on existing ships and new China-built cruise ships tailored for Chinese travellers.” Posted by