MakeMyTrip's Q3 loss narrows to $11 mn; founder Deep Kalra takes up executive chairman role, Rajesh Magow elevated as Group CEO
MakeMyTrip Group achieved record quarterly gross bookings of over 1.7 billion dollars, the company said.
Flipkart enters online travel space, ties up with MakeMyTrip; flight bookings to be kicked off first
MakeMyTrip's brands, including Goibibo and redBus, will leverage the large customer base of Flipkart to drive online bookings
News18's Rising India Summit: Service sector driving India's GDP; structural issues affecting farming, says Suresh Prabhu
NITI Aayog CEO Amitabh Kant pointed out the need for expediting the growth rate of the country from the current level.
Favourable policies and enabling environment will help boost the tourism sector which is one of the key drivers in terms of employment generation and inclusive growth
"The last ten years have been a fantastic journey and I feel privileged to have played a part in the creation and rapid growth of several leading technology brands in India," Kashyap said.
Google's vice-president for South East Asia and India, Rajan Anandan has been appointed the new chairman of Internet and Mobile Association of India (IAMAI).
Following the closing of the proposed transaction, MakeMyTrip founder Deep Kalra will remain Group CEO and Executive Chairman of the company and co-founder Rajesh Magow will continue to remain CEO India of MakeMyTrip, it added.
Founded in 2000, makemytrip launched India operations in 2005. The group achieved sales exceeding Rs 7,600 crore in the financial year ending March 2014.<br />
The Nasdaq-listed firm is looking to acquire companies in areas like supplier disintermediation, pilgrimage travel and niche travel technology.