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published in Blogs

Jan 11, 2019

Yatra Online (YTRA, $4.96) Acquires PL Worldways

Yatra Online, a NASDAQ-listed online travel service provider which operates Yatra.com, declared on Wednesday the acquisition of the Chennai, India-based corporate travel services provider PL Worldways Limited (PLW).

Although the financial details of this transaction are yet to be disclosed, Yatra is optimistic that this acquisition will help them buttress its foothold in South India and will add over 100 corporate clients to Yatra’s existing portfolio of over 700 companies.

Dhruv Shringi, co-founder and CEO Yatra Online, said that this acquisition will add to the existing reputation of PL Worldways in South India that already has a strong customer focus and consumer service. This new development will further enhance Yatra’s position in the corporate travel sector and a strong presence in South India has long been in its priority list.

The acquisition will also offer an opportunity to cross sell Yatra’s vast hotels network to PLW’s large client portfolio. For this, according to Yatra Online’s COO (B2E) Sunny Sodhi, the south is an important region as it already has a large customer base in the region.

Yatra also aims to serve PLW’s existing customer base through its self-booking platform expense management solution software.

Established in 1985, PLW is a 100% subsidiary of UK-based Peirce Leslie & Co and has been accredited with International Air Transport Association (IATA).

Related Tickers: YTRA

John Jacques

published in Blogs

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A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I. Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.

Edward Flores

published in Blogs

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The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations. As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.

Sergey Savastiouk

published in Blogs

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When Is the Next Recession Coming?

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Sergey Savastiouk

published in Blogs

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Dmitry Perepelkin

published in Blogs

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Allana

published in Blogs

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Sergey Savastiouk

published in Blogs

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Sergey Savastiouk

published in Blogs

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John Jacques

published in Blogs

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If Hedge Funds are Using AI to Invest, Why Shouldn’t You?

Some of the world’s biggest financial institutions have devoted multi-million dollar budgets to developing algorithms that can find patterns in the market, identify trends, and perform automated trading designed to take advantage of even the smallest price movements. The AI revolution is so big that as it stands today, the world’s five biggest hedge funds all use systems-based approaches to trade financial markets.Indeed, quantitative trading hedge funds now manage $918 billion (according to HFR), which amounts to 30% of the $3 trillion hedge fund industry – a percentage continues to grow with each year that passes.

Sergey Savastiouk

published in Blogs

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The five most important Lessons Learned After 10,000 hours of Trading