If finalised, Indonesia's initiative of visa-free entry to Indians will help the island nation in tapping the massive tourism potential coming from India.
Despite being embroiled in legal tussles related to acquisitions, EbixCash made its way to the market by generating relatively stable revenues and profits within the high-growth Indian economy.
It's an updated version of the classic bait-and-switch, and any travel business that comes in will be welcome after the Ebix deal fell through earlier this year.
As well as the devastating short-term effects, we're now starting to see how coronavirus can equally have longer lasting impacts on the corporate travel sector.
Ebix has made a generous takeover bid for Yatra, a corporate travel services provider and online travel agency, to create one of India’s largest end-to-end travel services businesses. Ebix's shrewd CEO Robin Raina is cornering the rare travel segments in India that aren't facing fierce price wars, namely, corporate travel services and currency exchange.