Bangalore: Private sector ICICI Bank has announced the launch of its 'Platinum Identity' credit cards, packed with high value proposition, bringing together shopping, travel and golfting privileges coupled with rewards programme and differentiated service benefits. The card targets the affluent section of customers who wish to experience the privileges offered to the global card holders.
Sachin Khandelwal, head, Cards Product Group, ICICI Bank said, that this card is being launched, keeping in mind the fact that the customers have matured and demanding more exclusive offers. "We will offer our customers value and privileges which are the best in the industry. Keeping in line with the changing lifestyle of our customers, the ‘Platinum Identity’ product has been designed to make cardholders feel truly special as well as to meet their evolved needs specially related to travel and lifestyle," he explained. He went on to claim, that the card is a global offering at a truly competitive price point.
The card offers privileges like accelerated rewards programme, exclusive rewards catalogue, a powerful air mile conversion option and travel benefits which include Rs 1 crore air accident insurance and complete fuel surcharge waiver across petrol pumps. There is also a full-fledged concierge service titled ‘i-Assist’ that provides assistance with travel and hotel reservations, to address the lifestyle needs of the card holders, he stated.
Source: daijiworld.com
Thursday, May 29, 2008
IT slowdown bites — Bangalore hotel room rates softening
Bangalore, May 27 The slowdown in the IT industry that drives business for other sectors and the fluctuating dollar have had an impact on the hotel industry in Bangalore. If indications are to be believed, hotels in the city have been witnessing a softening of rates in the past few months. The average room rates (ARR) have come down by at least five per cent .
Also, fewer business travellers because of political instability could have contributed tothis dip, say industry experts.
“The slowdown in the hotel industry, which started last year, is continuing this year too,” an analyst said. “Bangalore has witnessed abnormally high hotel rates in the past. The correction is only natural,” he added. ARRs have even touched Rs 20,000 in some hotels in the past.
Correction happening
Mr Taposh Chakraborty, CEO, Boutique Hospitality Consulting, a Bangalore-based hospitality consultancy firm, said, “Hotel rates have come down by about 3 per cent. It’s a correction that Bangalore has been waiting for, and one that should be sustained.” According to him, occupancy rates have come down by 5-7 per cent.
Mr Subrata Majumder, General Manager, The Park Hotel, Bangalore, said that though rates had come down, there was no cause for concern. He agreed that there had been “dry days recently, which could be due to the elections. There was a two per cent drop in growth in April and May, he added. The hotel has seen a 3-5 per cent dip in occupancy, Mr Majumder said. From about 80-85 per cent during the same time last year, the hotel’s occupancy has now slipped to about 78 per cent. The rates, which were about Rs 12,000 around the same time last year, have fallen down to around Rs 11,500, he said, adding that “if the trend continues, it might fall to Rs 10,500.”
‘No change in tariffs’
However, a top official of the Taj group of hotels said that there has been no change in tariff. He pointed out if at all there is a change in revenues, it could be due to the “subsequential impact of the dollar fluctuation”.
With the dollar showing signs of strengthening in the past week, it has to be seen how it would impact hotel rates. But with supply of room inventory expected to almost treble in the next 2-3 years, “there could be a further dip in rates,” analysts point out.
Source: thehindubusinessline.com
Also, fewer business travellers because of political instability could have contributed tothis dip, say industry experts.
“The slowdown in the hotel industry, which started last year, is continuing this year too,” an analyst said. “Bangalore has witnessed abnormally high hotel rates in the past. The correction is only natural,” he added. ARRs have even touched Rs 20,000 in some hotels in the past.
Correction happening
Mr Taposh Chakraborty, CEO, Boutique Hospitality Consulting, a Bangalore-based hospitality consultancy firm, said, “Hotel rates have come down by about 3 per cent. It’s a correction that Bangalore has been waiting for, and one that should be sustained.” According to him, occupancy rates have come down by 5-7 per cent.
Mr Subrata Majumder, General Manager, The Park Hotel, Bangalore, said that though rates had come down, there was no cause for concern. He agreed that there had been “dry days recently, which could be due to the elections. There was a two per cent drop in growth in April and May, he added. The hotel has seen a 3-5 per cent dip in occupancy, Mr Majumder said. From about 80-85 per cent during the same time last year, the hotel’s occupancy has now slipped to about 78 per cent. The rates, which were about Rs 12,000 around the same time last year, have fallen down to around Rs 11,500, he said, adding that “if the trend continues, it might fall to Rs 10,500.”
‘No change in tariffs’
However, a top official of the Taj group of hotels said that there has been no change in tariff. He pointed out if at all there is a change in revenues, it could be due to the “subsequential impact of the dollar fluctuation”.
With the dollar showing signs of strengthening in the past week, it has to be seen how it would impact hotel rates. But with supply of room inventory expected to almost treble in the next 2-3 years, “there could be a further dip in rates,” analysts point out.
Source: thehindubusinessline.com
Mumbai win by nine wickets against Bangalore
BANGALORE: Mumbai Indians put up an all-round display to end their Indian Premier League campaign with a thumping nine-wicket victory over Bangalore Royal Challengers here on Wednesday.
Scorecard
The win though came late for Mumbai Indians, who went out of the semi-final contention after losing three close games in a row, which made them dependant on other teams' losses to reach the last four.
Set to chase a paltry 123 to win, Sanath Jayasuriya (54 off 37) and Sachin Tendulkar (40 not out) made it a lopsided contest and reached the target with 12 balls to spare. The experienced duo paced their innings beautifully, punishing the bad deliveries. Jayasuriya smashed four sixes and four boundaries while Tendulkar batted around him without taking any risks.
The match was reduced to 18-overs a side after rain delayed the start by an hour and a half.
The lacklustre Bangalore Royal Challengers finished their campaign at the seventh place in IPL points tally.
Dilhara Fernando, who gave away 15 runs in the last over in their must-win match against Rajasthan Royals to see his team lose, was the pick of the bowlers on Wednesday, taking four wickets that cost just 18 runs in his quota of four overs.
Fernando bowled a controlled spell and restricted the Bangalore Royal Challengers to a low score.
Shaun Pollock and Ashish Nehra bowled a disciplined line to Bangalore openers. They made scoring difficult for openers Shreevats Goswami (20) and Mark Boucher (18).
Fernando was all fire right from the start and took three wickets for three runs in his first two overs to rock Bangalore's start. From 35 for no loss, the hosts were reduced to 39 for three. The damp outfield conditions made scoring difficult for the batsmen.
The pressure of losing three early wickets meant Bangalore had hit only five boundaries in the first 10 overs. Cameron White (26) hit two fours and a six in Dhawal Kulkarni's second over that cost 18 runs. Devon Smith removed White in the next over and Bangalore then lost few quick wickets. R Vinay Kumar (23) and Anil Kumble (11) boosted the scoring late down the order.
Source: ipl.timesofindia.indiatimes.com
Scorecard
The win though came late for Mumbai Indians, who went out of the semi-final contention after losing three close games in a row, which made them dependant on other teams' losses to reach the last four.
Set to chase a paltry 123 to win, Sanath Jayasuriya (54 off 37) and Sachin Tendulkar (40 not out) made it a lopsided contest and reached the target with 12 balls to spare. The experienced duo paced their innings beautifully, punishing the bad deliveries. Jayasuriya smashed four sixes and four boundaries while Tendulkar batted around him without taking any risks.
The match was reduced to 18-overs a side after rain delayed the start by an hour and a half.
The lacklustre Bangalore Royal Challengers finished their campaign at the seventh place in IPL points tally.
Dilhara Fernando, who gave away 15 runs in the last over in their must-win match against Rajasthan Royals to see his team lose, was the pick of the bowlers on Wednesday, taking four wickets that cost just 18 runs in his quota of four overs.
Fernando bowled a controlled spell and restricted the Bangalore Royal Challengers to a low score.
Shaun Pollock and Ashish Nehra bowled a disciplined line to Bangalore openers. They made scoring difficult for openers Shreevats Goswami (20) and Mark Boucher (18).
Fernando was all fire right from the start and took three wickets for three runs in his first two overs to rock Bangalore's start. From 35 for no loss, the hosts were reduced to 39 for three. The damp outfield conditions made scoring difficult for the batsmen.
The pressure of losing three early wickets meant Bangalore had hit only five boundaries in the first 10 overs. Cameron White (26) hit two fours and a six in Dhawal Kulkarni's second over that cost 18 runs. Devon Smith removed White in the next over and Bangalore then lost few quick wickets. R Vinay Kumar (23) and Anil Kumble (11) boosted the scoring late down the order.
Source: ipl.timesofindia.indiatimes.com
CBSE class-X results out
New Delhi (PTI): The results of Class X examination conducted by CBSE were announced on Thursday.
A total of 7,65,095 candidates, including 4,49,742 boys, had registered for the exam held in March this year.
The results have been put out on the CBSE website, www.cbse.nic.in and www.cbse.results.nic.in.
The board had announced the results of the Chennai region on May 27. Results of the rest five region, including Delhi, were announced today at 8am.
In Delhi region of the board, 2,19,796 students had registered for the Class X exam. The test was conducted at 2,624 centres across the country.
There were 373 visually-challenged students in Class X.
The CBSE has already decided to increase the compartmental examination chances to five from the earlier three.
Source: hindu.com
A total of 7,65,095 candidates, including 4,49,742 boys, had registered for the exam held in March this year.
The results have been put out on the CBSE website, www.cbse.nic.in and www.cbse.results.nic.in.
The board had announced the results of the Chennai region on May 27. Results of the rest five region, including Delhi, were announced today at 8am.
In Delhi region of the board, 2,19,796 students had registered for the Class X exam. The test was conducted at 2,624 centres across the country.
There were 373 visually-challenged students in Class X.
The CBSE has already decided to increase the compartmental examination chances to five from the earlier three.
Source: hindu.com
CBSE Class 10 board examination results declared
New Delhi: The Central Board of Secondary Education (CBSE) announced the Class 10 board examination results Thursday.
Scores of students were seen at Internet cafes and calling dedicated telephone numbers to know how they had fared in the examination soon after the results were declared at 8 am
This year, 7,65,095 students appeared for the Class 10 examination in India and abroad. These students from 8,199 schools had written papers at 2,624 centres in March.
CBSE officials said the results had been uploaded on the official website www.cbse.nic.in. Students can also access the results by logging in to:
www.cbseresults.nic.in
www.results.nic.in
http//mtnldelhi.in
http//bol.net.in
http//delhi.mtnl.in
Source: ibnlive.com
Scores of students were seen at Internet cafes and calling dedicated telephone numbers to know how they had fared in the examination soon after the results were declared at 8 am
This year, 7,65,095 students appeared for the Class 10 examination in India and abroad. These students from 8,199 schools had written papers at 2,624 centres in March.
CBSE officials said the results had been uploaded on the official website www.cbse.nic.in. Students can also access the results by logging in to:
www.cbseresults.nic.in
www.results.nic.in
http//mtnldelhi.in
http//bol.net.in
http//delhi.mtnl.in
Source: ibnlive.com
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