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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  sumanspeaks.blogspot.com Travel & Hospitality · Turnaround Watch Easy Trip Planners At ₹5.78: The Hotel Business Is Growing Faster Than The Old Business Is Shrinking Near its 52-week low, EaseMyTrip is quietly turning into a different company than the one that listed in 2021 — and the next few quarters will decide whether that transformation shows up in the profit line. Easy Trip Planners Ltd trades around ₹5.78, with a market capitalisation of approximately ₹2,300 crore. That is close to its 52-week low of ₹5.74. At first glance, that looks like a stock the market has simply given up on. Look closer, and a more interesting picture emerges. The balance sheet is clean. Revenue is still growing. And one part of the business — hotels and holiday packa...
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Buffett, Anil Ambani betting big on US economy:
New York:Amid the worsening financial crisis in the US, business publication Forbes has named legendary investor Warren Buffett and Indian billionaire Anil Ambani among the world's richest business people who are investing heavily in the American economy.
The US publication Forbes has drawn up a list of the wealthiest people investing huge sums of money even as the American President feels the country's economy is in danger.
"The world's wealthiest business people are still wheeling and dealing even as President Bush warns 'our entire economy is in danger'," the magazine said.
Other names in the list are Hollywood director Steven Spielberg (networth USD 3.1 billion), American fund manager John Paulson (USD 4.5 billion), Hong Kong billionaire Li Ka-Shing (USD 26.5 billion), Russia's Alexander Mamut (USD 1.2 billion) and Mikhail Prokhorov (USD 19.5 billion), Thailand's beverage tycoon Charoen Sirivadhanabhakdi (USD 3.5 billion) and Mexican magnate Carlos Slim Helu (USD 60 billion).
Last week, Buffett (networth USD 50 billion) surprised the Wall Street after deciding to invest five billion dollars into Goldman Sachs at a time when the country saw the fall of Lehman Brothers and distressed sale of Merrill Lynch, among others, deepening the financial turmoil.
Ambani, who has a networth of USD 42 billion is named along with Spielberg for their American film venture. The Indian billionaire's Reliance Entertainment is pumping in about USD 500 million into the venture.

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