Etihad Airways increases flight frequency on Abu Dhabi-Karachi route
UAE-based
Etihad Airways
on Wednesday announced that it has increased its flight frequency on the
Abu Dhabi-Karachi route
to four flights per day, now providing a total of 28
nonstop flights
in a week.
The new plan will be effective from October 1, 2025, the company said.
With this expansion,
Etihad
will now fly a total of 60 flights to
Pakistan
every week. This comes after the company's recent announcement of new flights to
Peshawar
which are set to commence on September 29.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Vietnam: New Container Houses (Prices May Surprise You)
Container House | Search ads
Search Now
These expansion measures aim to strengthen
connectivity between Pakistan and Abu Dhabi
, Etihad said.
Etihad Airways reveals new Abu Dhabi-Karachi flight schedule
Live Events
Travellers can now book tickets for these flights under the new schedule.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
27 minutes ago
- India Today
Bengaluru techie restarts career as Swiggy delivery agent with a bigger plan ahead
A Bengaluru-based techie-turned-Swiggy delivery executive has inspired the internet with his resilience and strong Kumar, a resident of the city, shared a powerful story on X about his interaction with Swiggy delivery agent Padmanaban Ebbas - a full-stack developer with over 19 years of experience in the tech Kumar offered him a job, Padmanaban politely declined because he had a bigger plan ahead for getting his business back on In his post that has now gone viral on X, Kumar said, 'My Swiggy delivery partner handed me this tonight. Mr Padmanaban is a full-stack developer with 19+ years of experience. He once ran a software company. I asked if he wanted a job. He said, 'No, just trying to get my business back on track.' Let's get him the break he deserves. Do share it.'The post also included a picture of the note shared by Padmanaban that introduced him as a full-stack developer and a former founder who once led software teams and built apps for global clients.'Today, I deliver food, not just for survival, but to rebuild from scratch. Every delivery helps me stand taller,' the note also said that he is open to new opportunities and collaborations, signing off with a motivational quote in his note: 'Dreams don't die. They wait for us to rise again.' He encouraged recipients to share his message with anyone in need of a dependable tech a look at the post here: In the comments section of the post, social media users applauded Padmanaban's story, calling it a 'lesson in humility' and 'an example of true grit.'Several others amplified Padmanaban's profile to help him reconnect with the tech InMust Watch
Time of India
32 minutes ago
- Time of India
Chime IPO raises $864 million in long-awaited Nasdaq debut, cuts valuation nearly in half—here's what it means for fintech's big revival
Chime IPO debut raises $864 million, shares pop as fintech market warms up- After years of anticipation, the Chime IPO has finally made its debut on the Nasdaq, raising $864 million and grabbing strong investor attention. The digital banking startup priced its shares at $27, slightly above its marketed range of $24 to $26, signaling rising optimism in the fintech IPO market. Chime is now trading under the ticker symbol CHYM, and early indications suggest a strong opening around $42 per share, representing a 56% jump from its IPO price. This listing not only marks a major milestone for Chime but also signals a possible revival of tech listings in 2025. The IPO values the company at about $11.6 billion fully diluted, a steep drop from its $25 billion private valuation in 2021, but still a major win in today's cautious IPO landscape. Why did Chime slash its valuation from $25 billion to $11.6 billion? During the peak of the pandemic tech boom, Chime was one of the most valuable fintech startups in the U.S., boasting a $25 billion valuation in 2021. But the market has changed drastically. Rising interest rates, investor focus on profitability, and tighter financial conditions have all led to a valuation reset for many tech companies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 Insane Cards Now Charging 0% Intro APR Until Nearly 2027 CompareCredit Undo Despite the markdown, Chime's fundamentals appear strong. According to Reuters, the offering still attracted robust demand. The company's 2024 revenue grew by over 30%, and it even posted a rare profit in Q1 2025. Though it closed 2024 with a net loss of $25 million, Chime has shown that it's moving toward a more sustainable, profitable future—a factor that likely helped draw in big investors. What is Chime's business model and how does it make money? Chime is a neobank, meaning it offers banking services online without physical branches. As of March 31, 2025, it had around 8.6 million active users, many of whom are everyday Americans looking for simple, low-cost banking solutions. Its standout features include: Live Events MyPay for early access to direct deposits SpotMe, which allows limited overdraft coverage No-fee checking and savings accounts Chime's primary source of income is interchange fees—a small percentage earned from each debit card transaction. Every swipe adds up, and with millions of users making daily purchases, this model generates substantial recurring revenue. This approach aligns well with cost-conscious consumers, particularly low-to-middle income users, who prefer fee-free and flexible banking. How has Chime performed financially in recent quarters? Chime's financials show signs of consistent growth. In 2024, the company's total revenue increased by more than 30%. While it posted a $25 million net loss for the year, its Q1 2025 profit stood out and was widely noted in media coverage, including Barron's. This kind of performance is rare for fintechs and indicates that Chime is transitioning from growth-at-all-costs to measured, sustainable expansion. This shift in strategy is critical, especially at a time when investors are rewarding companies with clearer paths to profitability. Chime seems to be aligning well with this expectation. Who are Chime's major backers and IPO underwriters? The Chime IPO attracted some of the biggest names in the financial world. Its major backers include DST Global, General Atlantic, and ICONIQ Capital—firms known for backing successful tech unicorns. The IPO was managed by leading investment banks such as Morgan Stanley, Goldman Sachs, and JPMorgan Chase. Their involvement adds further credibility and investor confidence to Chime's debut. According to Bloomberg, this lineup of high-profile backers and underwriters reflects the significant interest in Chime, despite the broader market's caution toward tech stocks. What does the Chime IPO mean for the broader fintech market? The successful Chime IPO could spark momentum for other fintech unicorns like Klarna, Gemini, Medline, and Cerebras Systems, which are all eyeing the public market. In recent months, we've seen a few fintechs like Circle and eToro make progress toward IPOs. If Chime's stock continues to perform well, it could reopen the door for many more tech listings in 2025. Analysts view Chime as a potential bellwether for fintech IPOs. Its strong debut may help rebuild investor confidence in startups that have stable user growth, revenue streams, and profitability in sight. Still, there are macroeconomic risks to watch—such as shifts in trade policy, inflation trends, and interest rate moves—that could impact IPO valuations going forward, as reported by Is this a turning point for fintech IPOs? Chime's IPO debut is more than a big raise—it's a signal that the market may be ready to welcome fintechs back after a long pause. While the drop in valuation compared to 2021 is notable, it reflects a broader market correction. What matters now is that Chime is showing financial discipline, solid revenue growth, and a growing base of loyal users. FAQs: Q1: What was Chime IPO price and valuation in 2025? Chime IPO priced at $27 per share, valuing it at $11.6 billion. Q2: How does Chime make money as a neobank? Chime earns mainly from interchange fees on debit card transactions.
Time of India
33 minutes ago
- Time of India
Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO
Oswal Pumps has raised Rs 416.20 crore from anchor investors, marking a strong start ahead of its initial public offering (IPO) which opens for public subscription on Friday. The company informed the exchanges that it allotted 67,78,533 equity shares at Rs 614 per share to anchor investors on Thursday. The anchor book saw participation from a mix of global and domestic institutional investors. Notable names include Societe Generale, BNP Paribas , Smallcap World Fund Inc, ICICI Prudential , Aditya Birla Sun Life, Kotak Mahindra Mutual Fund, Quant Mutual Fund, Amundi Funds, 360 One, Motilal Oswal Mutual Fund, Bandhan Small Cap Fund, Edelweiss Mutual Fund, Troo Capital, Nuvama Mutual Fund, Sundaram Mutual Fund, Edelweiss Life Insurance, and Mahindra Manulife. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Of the total anchor allotment, 29.62 lakh equity shares — around 43.7% of the anchor book — were allocated to 11 domestic mutual funds across 15 schemes, reflecting healthy domestic interest. Oswal Pumps' IPO, scheduled to run from June 13 to June 17, comprises a fresh issue of shares worth Rs 890 crore and an offer for sale of 81 lakh equity shares by promoter Vivek Gupta. At the upper end of the price band — Rs 584 to Rs 614 per share — the issue size is expected to fetch Rs 1,387.34 crore. Investors can place bids in lots of 24 equity shares and in multiples thereafter. The IPO is being made via the book-building process with up to 50% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors. Live Events IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management are the book-running lead managers to the issue, while MUFG Intime India is the registrar.
