Latest news with #MakeMyTrip
Mint
a day ago
- Business
- Mint
Applying for an ICICI credit card? Here's the credit score you should aim for
As of May 2025, ICICI Bank generally requires a credit score of 750 or above for considering and approving most of its credit applications i.e., personal loans and credit cards. A high credit score simply reflects respectable credit behaviour. It reassures lenders of timely repayments and reduces risk. As per ICICI Bank's official website, eligibility criteria vary across different card types and loan products. Still, a strong credit profile always remains a consistent pre-requisite for securing loans from ICICI Bank. Even the Reserve Bank of India (RBI) continues to highlight the importance of responsible credit underwriting by financial institutions. The regulator advises credit card users and borrowers to regularly monitor their credit scores on a consistent basis. This is important to avoid overleveraging and effective financial management, especially in an environment where financial awareness has limited reach. There are several factors that cumulatively influence the eligibility of individuals while they are applying for a credit card with ICICI Bank: Criteria ICICI Bank standard requirement Credit score A score of 750+ is preferred Minimum income ₹ 2.5 lakh annually (varies by card type) Employment type Salaried or self employed with steady income Existing debt loan Low debt to income ratio preferred Credit history Minimum 6 to 12 months of active credit usage Note: The criteria discussed above is illustrative in nature. For the detailed requirements on a case to case basis refer to the official website of ICICI Bank and discuss with the certified customer support executive. A very low credit score i.e., a score in the range of 650 to 749 might also assist in qualifying for select credit instruments from ICICI Bank but with reduced credit limits and several restrictions on repayments. There are also options of applying for secured credit cards such as ICICI Bank Instant Platinum Credit Card. This card provides for credit against a fixed deposit of ₹ 50,000 and does not require any credit score. 50,000 and does not require any credit score. An individual's credit utilisation ratio, repayment history, along with the total number of active credit accounts are increasingly used to carry out eligibility and background assessments. The ICICI Bank provides its credit card users with several unique credit card options. For example, for shopping (Amazon Pay), fuel (HPCL super saver), travel (MakeMyTrip) and premium users (Emeralde, Sapphiro). The bank also offers unique co-branded cards like the Manchester United credit card for individuals who are football lovers. For more information and related terms and conditions on the above discussed credit cards refer to the official website of ICICI Bank and its dedicated customer support team. Hence, a credit score of 750 or higher provides for the best chance for aspirational applicants of credit cards for an ICICI Bank credit card approval. Still, taking into consideration the credit integrity, repayment potential, credit history and existing liabilities are equally crucial. Therefore, as an applicant you should on your part ensure that you have a clean credit profile, a consistent repayment history and a sincere willingness to make on time repayments if you aspire to apply and secure a credit card or a personal loan from ICICI Bank. As such a behaviour will not only keep your credit score healthy, it will even boost your relationship with the bank in the long run. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
Time of India
2 days ago
- Business
- Time of India
ICS 2025: From obscurity to 1,800 media exposures, the curious case of MakeMyTrip
HighlightsSameer Bajaj, the head of corporate communications and corporate affairs at MakeMyTrip, discussed the importance of data-driven communication at the India Communication Summit 2025. MakeMyTrip faced a challenge of low headline presence despite a significant share of voice, prompting a year-long effort to align internal teams and produce unique insights and reports. The campaign resulted in 1,800 media exposures at no cost, a 50% increase in media visibility, and 46% of mentions being headline placements, significantly boosting the brand's engagement with travelers. In today's digital era, where data is the new oil, data-driven communication uses analytics to craft tailored messages for specific audiences. By decoding customer behaviour and preferences, brands can create personalised, resonant content that boosts engagement, sharpens decision-making and delivers impactful outcomes. At the India Communication Summit 2025 , Sameer Bajaj , head of corporate communications and corporate affairs, MakeMyTrip , addressed the audience on data-driven communication. Presenting an insightful case study, he showcased how leveraging data enhances communication strategies, driving impactful engagement. Kicking off the address, Bajaj highlighted the challenge MakeMyTrip was facing: despite having a significant share of voice (SOV), the brand was not making it to the headlines. Elaborating on this challenge, Bajaj said, 'We were reaching travellers from every angle, supporting offline travel agents and capturing signals from direct browsing, but how do we leverage these signals for communication? In the travel sector, trend stories dominate PR, yet MakeMyTrip's headline presence was low. We were part of trends but not leading them'. To address this challenge, MakeMyTrip spent one year aligning internal teams to unearth unique insights and produce exclusive case studies or reports that competitors couldn't replicate. 'These insights became our USP because MakeMyTrip processes 230 transactions per minute. This effort culminated in three distinctive reports, showcasing our ability to transform data into compelling narratives that strengthen brand communication and elevate our industry presence,' Bajaj noted. The report resonated across the ecosystem and achieved PR success. The results were remarkable: 1,800 media exposure s without spending a penny. Additionally, the report, distributed only to national outlets, engaged every major newspaper. This led to a 50% surge in media exposure and added fresh visibility. Most notably, 46% of mentions were headline placements, underscoring the campaign's impact. Concluding the session, Bajaj noted that the report's success boosted engagement from travellers. 'It not only amplified our media presence but also built greater confidence among all stakeholders, beyond just media outlets,' Bajaj concluded.
Yahoo
2 days ago
- Business
- Yahoo
Wall Street Bulls Look Optimistic About MakeMyTrip (MMYT): Should You Buy?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about MakeMyTrip (MMYT). MakeMyTrip currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by seven brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy. Of the seven recommendations that derive the current ABR, five are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 71.4% and 14.3% of all recommendations. Check price target & stock forecast for MakeMyTrip here>>>The ABR suggests buying MakeMyTrip, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Looking at the earnings estimate revisions for MakeMyTrip, the Zacks Consensus Estimate for the current year has declined 6.3% over the past month to $1.98. Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for MakeMyTrip. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for MakeMyTrip with a grain of salt. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MakeMyTrip Limited (MMYT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Mint
6 days ago
- Business
- Mint
India-Pakistan crisis: Turkish Airlines share price crashes 10% in one month
India-Pakistan conflict: Turkey's tourism industry is reeling under the effect of the India-Pakistan conflict, with the shares of Turkish Airlines crashing over 10% in the last one month. Turkey's public support for Pakistan after India's military operation against terrorist installations in Pakistan and Pakistan-occupied Kashmir sparked widespread cancellations from Indian travellers to the country. MakeMyTrip, earlier this month, said flight bookings to Turkey have dropped by 60% in the last one week and cancellations surged by 250%. Against this backdrop, Turk Hava Yollari AO or Turkish Airlines shares declined from 312.75 lira to 279.75 lira.
Mint
19-05-2025
- Business
- Mint
How new BookMyForex card with no ATM, cross-currency fees stacks up
NEW DELHI : Currency exchange service provider BookMyForex (BMF), a MakeMyTrip company, has launched a new forex card with two key offerings—zero fee on ATM withdrawal and cross-currency conversion. International ATM withdrawals with debit, credit, and forex cards levy a ₹150-500 fee per transaction. But the Global Forex Card, a single-currency forex card denominated only in US dollars, doesn't charge this fee. The BMF card also solves the biggest challenge associated with forex cards—cross-currency conversion. When forex cards are used in a country with a currency different from the one loaded, a cross-currency fee of 2-3.5% is charged. Also Read: Schengen, US visas: How to crack the application process and ensure that your summer travel plans go ahead smoothly A forex card loaded in USD used in Sri Lanka will carry forex charges at two points: first, when converting INR to USD while loading the card, and second, when converting USD to Sri Lankan Rupee at the time of payment—the cross-currency conversion fee. The BMF card also saves on this. This card can be particularly helpful in small countries such as Sri Lanka, Vietnam, Cambodia, Thailand, etc., whose currencies are not supported by even multi-currency forex cards. So far, the use case of forex cards in such countries as a means of payment for international transactions has remained limited, as their currencies are not supported by any forex card available in India. The BMF Global Forex Card changes that as it can be used in any country without worrying about a cross-currency conversion fee. Its features Forex rates offered by BMF are among the cheapest when compared to major banks and other forex marketplaces and are very close to the mid-market rates. As for the various charges, the forex card comes with zero forex mark-up, loading, unloading, and annual fees. There is no issuance fee either. However, a small delivery fee, which varies across different cities, is to be paid. Also Read: Travel hacks for a luxury Sri Lanka trip for just ₹1.5 lakh BMF doesn't charge anything to customers and earns only through the merchant discount rate (MDR) charged to merchants, said Sudarshan Motwani, founder and chief executive of the MMT platform. BMF's flagship offering is its multi-currency forex card that charges a 3.5% cross-currency conversion rate and a ₹100-450 fee on international ATM withdrawals. The newly launched USD-denominated Global Forex Card does not carry both these charges, making it a one-of-a-kind forex card. Zero ATM withdrawal fee is a useful feature as it's a convenient way to get local currency in cities where cards are not accepted for payments. When a cardholder makes an ATM withdrawal in a foreign country, the conversion rate from USD to the local currency will be as per the bank. For a limited time, BMF Global Forex Card holders will be rewarded 2% cash back on every forex transaction, capped at a maximum of ₹7,500. Should you get it? For international travel, travellers can choose between credit, debit, and forex cards for their digital payments. Debit cards cost the most among these three options as banks charge a steep forex mark-up of 2-4%. New-age fintech companies such as Niyo and Fi offer zero forex mark-up debit cards in association with banks, but you will need to open a new bank account just to get the zero mark-up feature. These bank accounts need a minimum monthly or quarterly account balance of ₹5,000-10,000, else a monthly ₹150-200 fee is slapped. Zero mark-up credit cards, such as IDFC FIRST WOW Travel Credit Card, Scapia and RBL World Safari Credit Card, are a better alternative. The other option is to get a credit card with a high reward rate that can fully or partially offset the forex markup charged on it, reducing the net cost. For instance, HDFC Infinia's forex fee is 2%, whereas its base reward rate is 3.3%, which means the reward rate will not only offset the forex markup but also earn a net 1.3% reward rate. Also Read: This 20-year-old travelled to three countries for under ₹90,000. Here's how. The BMF card is a better option than debit cards and can be considered by those who don't use credit cards. Students living abroad can also benefit from the low costs. 'As long as the student remains abroad for their studies, they can use the card without any time restrictions. It can only be loaded in USD as of now. However, it can be used globally wherever Visa is accepted without any conversion charges," said Motwani. It should be noted that forex cards fall under the Liberalised Remittance Scheme and attract a 20% tax collection at source after ₹10 lakh. This can impact students living abroad as their annual expenses can easily exceed this threshold. The absence of ATM withdrawal fees is a positive feature of the BMF Global Forex Card, said Sumanta Mandal, founder of Technofino. 'But keep in mind that the bank whose ATM you use might still charge you for using a foreign card. So, the choice of ATM is also very important." How to get it You can apply for the card on BMF's mobile application or website. Motwani explained there was a two-step KYC process. 'First, we use OCR (Optical Character Recognition) technology to capture and verify the customer's KYC documents digitally. This is then followed by an in-person KYC at the time of card delivery, ensuring full compliance with regulatory standards." The card is delivered in about 25 cities.
