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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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Govt to announce steps on Monday to improve economy: Pranab
Expressing concern over signs of weakness in the Indian economy, Finance Minister Pranab Mukherjee today said the government is set to announce certain measures on Monday to improve market conditions in consultations with the Reserve Bank.
He said the Department of Economic Affairs had consulted with RBI Governor D Subbarao about the measures to be taken in this regard. "We will be able to take certain measures to be announced on Monday which will improve the market condition," Pranab Mukherjee said.
"GDP is at 6.5%, there is inflationary pressure, there is depreciation of rupee. There are no doubt signs of weakness in Indian economy," the minister said, adding, "I am concerned but not depressed".
"When the world is in turmoil, then a large economy like India cannot stay immune", Mukherjee told reporters.
Basic fundamentals are strong in Indian economy, the Minister said, adding that the period from January to June 2012 saw an inflow of FII money to the tune of USD 8 billion. The FII inflow for the corresponding period in 2011 was negative, he said. "This year FDI stood at 46 billion to 48 billion US dollars," Mukherjee said.

Courtesy: Money Control  

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