MakeMyTrip adds wallet
MakeMyTrip has launched a closed wallet service. Now on, if you cancel a flight booked via the service, the amount will be credited to this wallet.
Since it’s a closed wallet, you cannot withdraw this money or add funds to it for smoother transactions in the future. It is not clear if this will be the only option for flight cancellations. If you cannot get the fund transferred back to your bank account, then MakeMyTrip will pretty much force you to make the new booking via their service.
It is strange that it took the company so long to launch a wallet. The company had launched a zero cancellation policy two years back and were issuing vouchers to reuse the balance money. Its competitors such as Cleartrip have already launched wallets.
Tripigator launched with tourism ministry
IT firm WorthYourHolidays has launched a travel planning website Tripigator in association with Ministry of Tourism. The site will cater to both domestic and international travellers and will help them make travel plans on the basis budget, areas of interest (adventure, romantic, nature etc.) and destinations of choice. The service has a very clean map-driven interface that is easy to use. It lets you select cities you want to visit and add activities for each city. There is a slot for displaying the approximate cost of the planned trip, but this feature does not seem to be working now. Also, there is no option to book hotels or guest houses via the services which is an integral element of planning a trip.
Paytm app adds more verticals
One97’s mobile only marketplace Paytm had added mobile phones and cameras as verticals on the service. As part of the launch it is also running a lowest price challenge and benefits like Rs 500 cashback on select handsets.
The mobile marketplace, that was launched earlier this year, has over 250 merchants with over 1,00,000 items. It lets shoppers bargain with the merchant via a text messenger before making a purchase. Other categories available on Paytm app are apparel, footwear, accessories, eyewear, jewellery, lingerie, curtains, art décor, kitchen accessories, bed sheets & bedroom accessories, pendrives and sports & fitness.
Tata Group – NTT Docomo deal
Tata Group is setting aside funds to buy back NTT Docomo’s 26.5% stake in Tata Teleservices, reports The Economic Times. Citing two sources familiar with the development, the report says Tata Group is unlikely to find a third investor at the price they are looking for, before the end of June 2014.
Last month, NTT Docomo had stated plans of selling its entire stake comprising 1.25 billion shares (1,248,974,378 shares) which represents about 26.5% stake in the telco through the equity method.
The company plans to exercise this option in or before June 2014, in case Tata Teleservices fails to achieve certain specified performance targets for the fiscal ended March 31, 2014. NTT Docomo has an an option to sell its stake for Rs 7,250 crore (about 50% of the acquisition price) or a fair market price, whichever is higher. It is however uncertain on how the option will be performed.