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ixigo share price jumps 8% on posting strong Q4FY25 results; Check details

ixigo share price jumps 8% on posting strong Q4FY25 results; Check details

ixigo share price: Le Travenues Technology, operating as ixigo, stock jumped 8.1 per cent in trade on Thursday, recording a day's high at ₹181.3 per share on BSE. The stock was in demand a day after the company released its Q4 results.
At 10:48 AM, ixigo shares pared some gains and were up 4.41 per cent at ₹175.05 per share on the BSE. In comparison, the BSE Sensex was up 0.04 per cent at 81,362.24. The market capitalisation of the company stood at ₹6,828.89 crore. The 52-week high of the stock was at ₹196.45 per share and the 52-week low of the stock was at ₹118.65 per share.
ixigo Q4 results
After market hours on Wednesday, the tours and travels' company posted its fourth quarter (Q4FY25) numbers. The company's consolidated net profit stood at ₹16.8 crore as compared to ₹7.3 crore which translated to a jump of 128 per cent year-on-year (Y-o-Y).
Its revenue from operation increased 72 per cent to ₹284 crore as compared to ₹165 crore a year ago. According to the filing, the company's Earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹30.7 crore in Q4, rising 64 per cent Y-o-Y.
The company's Gross Transaction Value (GTV) increased 65 per cent Y-o-Y increase. The company's contribution margin (CM) increased by 69 per cent Y-o-Y, reaching ₹120.9 crore in Q4FY25. ALSO READ |
About ixigo
Launched in 2007, ixigo (Le Travenues Technology) is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses, and hotels. ixigo assists travellers in making smarter travel decisions by leveraging artificial intelligence. The ixigo, ConfirmTkt, and AbhiBus apps allow travellers to book train tickets, flight tickets, bus tickets, hotels, and cabs, and provide travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information. With over 48 crore Annual Active Users in Fiscal 2024, ixigo is the leading OTA for Next Billion Users in India.
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Corporate loan growth slows in April-June quarter as firms delay investments, shift to cheaper debt market
Corporate loan growth slows in April-June quarter as firms delay investments, shift to cheaper debt market

Indian Express

time26 minutes ago

  • Indian Express

Corporate loan growth slows in April-June quarter as firms delay investments, shift to cheaper debt market

Corporate loan growth by domestic banks slowed down in the first quarter of FY26, as companies put off investment decisions. This was largely due to uncertainty around tariffs, weak demand that held back private capital spending, and a shift towards cheaper funding options in the corporate bond market. Additionally, many companies continued to reduce their debt levels, which further dampened loan demand. Between April and June 2025, bank lending to industries grew at the slowest pace in over three years, signalling muted credit demand from the corporate sector. According to RBI data, loans to industries — including micro, small, medium, and large enterprises — rose by 5.49 per cent year-on-year to Rs 39.32 lakh crore, marking the weakest growth since March 2022. In Q1 FY26, the country's largest lender, State Bank of India (SBI), reported a 5.7 per cent Y-o-Y growth in its corporate loan book, but saw a fall of 3 per cent on a Q-o-Q basis. Private sector lenders ICICI Bank and HDFC Bank posted Y-o-Y growth of 7.5 per cent and 1.7 per cent, respectively, in their corporate loan portfolios, but witnessed sequential declines of 1.4 per cent and 1.3 per cent, respectively. A banking analyst noted that this reflects a phase of growth without fresh investment in the economy. The industrial growth as measured by the Index of Industrial Production (IIP) slowed to 2 per cent in April-June 2025, compared to 4 per cent in the previous quarter. According to SBI chairman C S Setty, the tepid growth in the corporate loan book was mainly on account of delay in investment decisions by corporates due to uncertainties caused by the higher tariff announcement by US President Donald Trump in April this year, shift in borrowing from banks to other alternate sources and higher prepayments of loans by corporates. While state-run Bank of Baroda's corporate loan book expanded by 4.2 per cent Y-o-Y , it registered a sharp dip of 10.2 per cent Q-o-Q. Corporate advances of Union Bank of India and Bank of India rose 2.68 per cent and 4.49 per cent y-o-y, respectively, though their books declined 4.83 per cent and 1.5 per cent sequentially in April-June 2025 quarter. Canara Bank and Punjab National Bank's corporate book grew flat at 0.48 per cent and 1.1 per cent, respectively, on a Q-o-Q basis in June 2025 quarter. Bank of Baroda's chief economist Madan Sabnavis attributes weak credit demand from corporates to the slowdown in investments as companies await a revival in demand. The US President had initially announced to impose a 26 per cent tariff on imports of Indian goods, but later declared a 90-day pause, which resulted in corporates holding back on expansions and new investments. He subsequently doubled the tariff on India to 50 per cent. 'An important factor to consider is the uncertainty in terms of how these tariffs are going to play out and how quickly this is going to be addressed. Due to this uncertainty, a lot of investment decisions could be delayed and people will postpone their spending. This is the second order impact of tariffs,' Setty said during a press conference post the declaration of the Q1 FY26 results. Easing rates in the debt market following the Reserve Bank of India's (RBI) 100 basis points (bps) reduction in the repo rate since February has prompted corporates to shift from banks to debt market instruments. 'Some large corporates are accessing the commercial paper (CP) market to replace working capital limits. This is expected because there is a good amount of liquidity (in the CP market). The rates are much more affordable (in the CP market) compared to borrowing from banks,' Setty said. The lender has seen working capital limit utilisation by corporates in his bank falling to 58 per cent from 62 per cent in Q1 FY25. Total funds raised through CP increased to Rs 4.51 lakh crore in April-June 2025 quarter, compared Rs 3.8 lakh crore in same period of FY25, and Rs 4.38 lakh crore in January-March 2025 quarter, according to Besides CPs, companies are also tapping the corporate debt market for cheaper funds compared to bank loans, which has impacted corporate loan growth of banks. In the first quarter of the current fiscal, corporates mobilised Rs 3.42 lakh crore through private placement of bonds, data from showed. 'We believe that funds raised through the bond market are being largely used by corporates to support ongoing business needs rather than for long-term capital investment,' said Saswata Guha, senior director, Financial Institutions (Banks), Fitch Ratings. With access to cheaper funds through CP and corporate bond markets, along with strong cash flows, domestic corporates have continuously reduced their debt, resulting in slower corporate credit growth. 'Corporates having strong cash flows are deleveraging. So, the (credit) demand is not that much because there is a deleveraging happening on the corporate book,' Bank of Baroda's managing director and CEO, Debadatta Chand, said during an analyst meet for the quarter ended June 2025. Lenders have also become prudent in lending to corporates as they do not want to overexpose themselves while expanding their corporate loan book. 'Banks are mindful of risk-return tradeoff and focus on risk-adjusted returns which makes them quite sensitive to pricing. They are also mindful of concentration risk embedded in a corporate exposure,' said Fitch Ratings' Guha. 'While lenders are trying to be more prudent in ensuring that their risk-adjusted returns on corporate exposure are justified, they can do so because retail and small business lending continues to grow healthy,' he said. Banks are hopeful of a stronger growth in corporate advances from the third quarter of the current fiscal. While SBI expects its corporate loan book to grow by 10 per cent in Q3 of FY26, Bank of Baroda is confident of achieving a 9-10 per cent growth in the segment during FY26. 'The shift (for funding from banks to the debt market) has happened, but I think these shifts keep happening. Once the rates stabilize on the bank side, they (corporates) will come back to utilization (of their working capital limits),' the SBI Chairman said. Setty said SBI has a robust visibility on the corporate loan pipeline in terms of proposals under discussion, and on sanctions which are yet to be disbursed. The bank has a total corporate loan book pipeline of Rs 7 lakh crore. 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At a Punjab varsity, ‘sign lingua franca' for the hearing impaired
At a Punjab varsity, ‘sign lingua franca' for the hearing impaired

Time of India

time32 minutes ago

  • Time of India

At a Punjab varsity, ‘sign lingua franca' for the hearing impaired

Patiala: Researchers at Punjabi University, Patiala, have developed a system that automatically converts spoken Punjabi into Indian Sign Language (ISL) – a technology that can be tweaked to fit any Indian language, giving hope to lakhs of hearing-impaired people. Tired of too many ads? go ad free now It integrates cutting-edge speech recognition, natural language processing, and synthetic animation to convert spoken words into ISL gestures in real time. ISL is different from American Sign Language (ASL) and is suited to Indian needs. Funded by the department of science and technology (DST), Govt of India, the technology bridges the communication gap for hearing-impaired individuals, fostering greater inclusion and accessibility. The research project is led by Williamjeet Singh, project supervisor and assistant professor, department of computer science and engineering, with Amandeep Singh as research project assistant. The research has been published in the international journal 'Multimedia tools and applications'. The researchers aim to expand the system to support additional languages, making it accessible to a broader audience. "We are working to launch a mobile application by the end of this year," said Williamjeet. "The system is designed to empower the hearing-impaired community by enabling seamless communication in education, healthcare, and public services," Williamjeet said. "The lack of a universal sign language and limited knowledge of ISL among non-hearing-impaired individuals often create barriers, leading to exclusion and restricted opportunities for the hearing-impaired. Tired of too many ads? go ad free now Our system addresses these challenges by converting spoken Punjabi into ISL," said Williamjeet. It employs the Hamburg Notation System (HamNoSys) to represent sign gestures and Signing Gesture Markup Language (SiGML) to generate animated 3D sign sequences, he explained. The system includes an ISL dictionary that captures both manual (hand gestures) and non-manual (facial expressions and body movements) features, ensuring accurate and natural sign representation. Amandeep Singh said that the system leverages two approaches for sign language representation: synthetic animation and video-based sign presentation. The researchers have put the system through rigorous testing to demonstrate its efficiency, accuracy, and practical usability, said Amandeep. "It supports multilingual speech input, including Punjabi, English and Hindi, and is accessible on both web and mobile platforms. Beyond facilitating daily communication, it serves as an educational tool, enabling users to learn new signs and improve their communication skills," he said. Vice-chancellor Jagdeep Singh congratulated the research team and said, "This innovation promises to transform the lives of millions of hearing-impaired individuals in India and beyond, offering new opportunities for inclusion and interaction. The project's success underscores the transformative potential of technology in tackling societal challenges. By converting spoken words into visual signs, this system brings the world closer to the hearing-impaired, giving voice to their needs and aspirations through the language of signs. "

USA Travel Guide: What you can and can't pack for your USA trip
USA Travel Guide: What you can and can't pack for your USA trip

Time of India

time33 minutes ago

  • Time of India

USA Travel Guide: What you can and can't pack for your USA trip

Your jolly mood about going on the trip might just get spoiled at the airport if you are carrying certain items that are not allowed in the USA. There are some items that are strictly not allowed there or can only be taken in small quantities. Tired of too many ads? go ad free now We would advise all travellers to check the official site of US Customs and Border Protection before leaving for the USA to know more about the prohibited items. For more clarity, visit this . Let's bust all myths about what items can be carried and what not: Alcoholic beverages While most of us Indians have the habit of taking our alcohol along with us, it could turn bad for you. They might not allow taking the alcoholic beverage with you, and if they do, then it will be allowed to be only taken in a certain amount. In the USA, laws for each state differ, so one should confirm with the state's control board. Cultural artefacts If one is taking some cultural artefacts as a gift for their relatives living in the USA, one has to carry proper export permits and receipts for importing such items, as legal ownership of cultural artefacts can be questioned once landed in the USA. Coffee berries While roasted coffee is permitted to be taken to the USA in unlimited quantities, whole coffee berries aren't allowed there as the pulp might cause a fruit fly risk. Citrus plants It is strictly prohibited to take orange, lime, lemon, or other citrus plants and seeds here. Milk and Dairy products Most milk and dairy items aren't allowed, but there are some exceptions such as liquid milk and milk products for infants or small children, which are allowed in small quantities, as well as infant formula is allowed. Medications Medicines are allowed to non-US citizens only if it is for a 90-day supply; not more than that is allowed. Tired of too many ads? go ad free now Generally, one is allowed to travel with their medications, but one needs to carry a valid prescription from their doctor or a doctor's note explaining why you are taking a certain medication and why you need it. Gold Gold can now be brought into the USA, which was earlier prohibited. Money One can bring and take as much money as they wish, but if it is more than $10,000, then it has to be declared at customs. Tips to follow when you're travelling to the USA: • Roll your clothes while packing them to save space. • The most important thing that everyone forgets is that one should carry an Indian to US plug converter as the power plugs there are different from the ones in India. • Check beforehand the luggage weight limit for easy check-in. • Carry your important documents with as much care as possible to avoid getting them stolen or misplaced. • Keep travel-sized items as large bottles might not be allowed, as there are liquid restrictions. • One must pack their valuable items in the carry-on bag to avoid damage and enhanced security.

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