dreamfolks

dreamfolks has launched its new Club Membership. This marks a shift from its previous travel and lounge cards. The membership offers access to social clubs and global lounges. It also includes golf games and lessons. This move aims to cover the full consumer lifecycle. Adani and Encalm have terminated their airport lounge contracts with dreamfolks.

India's largest airport service aggregator platform, dreamfolks Services Ltd. (dreamfolks), will be launching its initial public offering 1.7 core equity shares on August 24, said the company in a press statement issued on Thursday.

Lounge access at Adani Group airports in Mumbai and Ahmedabad has been restored after dreamfolks Services Ltd resolved integration issues. Meanwhile, disruptions persist at Chennai and Kolkata airports due to service problems with dreamfolks. Travel Food Services is collaborating with banks to restore services for affected passengers as soon as possible.

dreamfolks collaborates with Grey Wall, an airport and lounge service aggregator in Russia, to enhance the travel experience for passengers. The partnership offers comprehensive coverage across Russia, including key locations like Moscow and St. Petersburg. Travelers can now access around 100 lounges through dreamfolks' proprietary tech platform. The alliance benefits both entities by increasing footfall at Grey Wall's lounges and providing seamless access to airport lounges for dreamfolks' clients. dreamfolks manages airport lounge benefits for top banks in India and has a market share of over 90% in the domestic lounge access market.

India's largest airport service aggregator dreamfolks Services' Rs 562 crore initial public offering (IPO) opened for subscription on Wednesday. The issue will close on August 26.

Passengers at Mumbai and Ahmedabad airports are facing lounge access issues due to a disruption in services by dreamfolks Services Ltd. Adani Airport Holdings is working with banks to resolve the issue, temporarily accepting all major debit and credit cards from other providers to support passengers during this period.

Airport services aggregator dreamfolks received good response from investors in the first 2 days of subscription. The initial public offer (IPO) of the company opened for public subscription on August 24 and is scheduled to end today.

The floor price is 154 times the face value of the equity shares and the cap price is 163 times the face value of equity shares. Bids can be made for a minimum of 46 equity shares and in multiples of 46 equity shares thereafter, said the company.

Travelers at several Indian airports are facing lounge access disruptions as dreamfolks Services Ltd has abruptly suspended its services. Adani Airport Holdings Ltd is working with banks to restore these services quickly. Meanwhile, lounges at Adani-operated airports are accepting major debit and credit cards from other providers. AAHL manages seven airports, soon adding Navi Mumbai International Airport.

Last weekend, many flyers took to social media saying they were denied lounge access. While airport operators blamed aggregator dreamfolks, the latter said it was diligently working with partners to identify the root cause. Is there more to this than meets the eye?

At the NSE, the company made its debut at Rs 508.70, a jump of 56 per cent.

The initial public offer (IPO) for airport services company dreamfolks was subscribed nearly two times on its first day.

The initial public offer (IPO) for airport services company dreamfolks was subscribed nearly two times on its first day.

Airport service aggregator platform dreamfolks Services on Monday said that it has fixed a price band of Rs 308-326 per equity share for its initial public offering (IPO). The offer is set to open on August 24 and close on August 26. The bidding for anchor investors will open on August 23.

On the occasion of the 5th International Yoga Day on Friday, Gurgaon-based corporate dreamfolks organized a yoga session at Spaze Itech Park on Sohna Road.

Reliance Industries has acquired a majority stake of 79.4 per cent in US-based SenseHawk Inc through primary infusion and secondary purchase, for $ 32million, the company said in a BSE filing.

Petrus Johannes Theodorus Elbers has joined as Chief Executive Officer of IndiGo with effect from September 6. Elbers, who spent three decades at KLM Royal Dutch Airlines, replaced Ronojoy Dutta at the top post

The NSE Nifty 50 index ended down 0.06% at 17,655.6, while the S&P BSE sensex slipped 0.08% to 59,196.99, after swaying between gains and losses during the session.

As per the EY IPO Trends Report, the end of the third quarter has seen an uptick, after a slowdown post the second quarter of 2022.

Trends in the SGX Nifty indicate a positive opening for the broader index in India.

IDFC FIRST Bank has launched the Zero-Forex Diamond Reserve Credit Card for international travelers, offering 0% forex markup and lucrative travel rewards. The card provides significant value back on hotel and flight bookings, along with airport lounge access, golf benefits, and comprehensive insurance covers.

Nifty futures on the Singapore Exchange traded lower, signalling a negative start for Indian equity markets on Tuesday.

Just 14 companies raised Rs 35,456 crore through main-board primary share sales in the first half of the fiscal, down 32 per cent from the year-ago period when 25 issues had mopped up Rs 51,979 crore.

Only 14 Indian corporates raised Rs 35,456 crore through IPOs from April to September of 2022-23, 32 per cent lower than the ₹Rs 51,979 crore raised through 25 IPOs in the year-ago period. Moreover, 58 per cent of the amount was raised just in one IPO. The largest IPO- Life Insurance Corporation of India (LIC)- alone raised Rs 20,557 crore.

There are numerous credit cards in India that offer complimentary or discounted access to airport lounges, providing swankier waiting areas, refreshments, and Wi-Fi. HDFC Bank and SBI were among the key providers with distinct benefits. As this perk became less accessible, cardholders were advised to verify eligibility and understand terms to avoid unexpected inconveniences.

India, with a population of 1.43 billion, has surpassed China as the world's most populous country, which could lead to a decades-long investment boom. Goldman Sachs expects India's share of global equity market capitalisation to quadruple by 2075, and its economy to grow 6%-7% annually, surpassing China's. However, Indian stocks are expensive, and experts recommend banks and private financial services as safe bets, along with real estate, IT firms and consumer products.