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Equity mutual funds swing up to 8% last week. Check top 5 gainers and losers
Business
Benny Blanco Crosses the Atlantic by Boat, Not Plane, to Visit Wife Selena Gomez Filming in London
Music producer Benny Blanco traveled by boat across the Atlantic Ocean to visit his wife, actress and singer Selena Gomez, while she was in London filming a new season of her Hulu series “Only Murders in the Building,” a journey he documented on social media in July, citing his fear of flying as the reason behind the unconventional trip.
Blanco shared the travel update on TikTok, framing the video around his decision to avoid air travel entirely despite the significant time and logistical trade-off involved in crossing the Atlantic by sea instead. “POV: Ur traveling across the Atlantic in the Titanic to see ur wife bc ur scared of flying,” Blanco wrote over the video. In the caption, he added a simple explanation for the gesture: “The things we do for love.”
Blanco eventually made his way back to the United States for a high-profile occasion of his own: the wedding of pop star Taylor Swift, one of Gomez’s closest friends. Gomez herself drew attention at that wedding for a gold dress widely interpreted as a subtle nod to her own recent nuptials.
Gomez and Blanco married in September 2025, capping a relationship that first became public in December 2023, though the couple had actually been together privately for several months before that. Speaking to the Spanish newspaper El País in July, Blanco revealed the extent of that earlier secrecy. “We kept our relationship private for a long time, about eight or nine months,” he said, according to a translation reported by InStyle. The couple announced their engagement in December 2024, roughly a year after their relationship first became publicly known.
Blanco has continued to make his affection for Gomez a recurring, public part of his social media presence throughout their relationship. In July, to mark Gomez’s birthday, he shared a carousel of photos of her on Instagram alongside an emotional caption. “My beautiful wife … I’ll carry [you] wherever [you] wanna go forever … Happy birthday my love,” Blanco wrote.
Beyond his public displays of affection, Blanco, an accomplished music producer and songwriter, has also credited Gomez directly as a source of creative inspiration in his professional work. Speaking to Harper’s Bazaar in 2025, he described how naturally she has factored into his songwriting process. “You know, Selena makes it very easy to write songs about ’cause she’s the best,” Blanco said.
Gomez has continued her acting career alongside her marriage to Blanco, currently filming a new season of “Only Murders in the Building” in London, the Hulu comedy-mystery series that has become one of her most prominent television projects in recent years, co-starring alongside Steve Martin and Martin Short. Production commitments for the series have required Gomez to spend extended periods filming overseas, a circumstance that directly set the stage for Blanco’s cross-Atlantic trip to see her.
Blanco’s decision to travel by boat rather than by air reflects a well-documented personal aversion to flying, a fear he has referenced in the past when discussing how he manages travel demands tied to both his own career and his relationship with Gomez. Choosing an ocean crossing over a transatlantic flight represents a significantly more time-intensive form of travel, a trade-off that has been highlighted by entertainment outlets covering the trip as a notable example of a personal gesture rooted in genuine sacrifice rather than financial extravagance.
That framing stands in contrast to some of the more conventional displays of affection commonly associated with celebrity relationships, which often involve significant spending on luxury gifts or experiences. Coverage of the trip has specifically noted that Blanco’s boat journey, requiring him to dedicate considerably more time and personal discomfort than a simple first-class or private flight would have required, stood out as a particularly meaningful gesture precisely because it prioritized overcoming a genuine personal fear rather than simply spending money.
Gomez and Blanco’s relationship has continued to draw significant media attention given both individuals’ prominent public profiles, spanning Gomez’s decades-long career as an actress, singer and entrepreneur and Blanco’s extensive résumé as a hit songwriter and producer for a wide range of major recording artists. Their September 2025 wedding and subsequent public displays of affection, including Blanco’s recent transatlantic boat trip, have continued to generate coverage across entertainment media as fans and outlets track the couple’s relationship milestones.
As Gomez continues production on the new season of “Only Murders in the Building” in London, further details regarding the season’s release timeline have not been widely publicized, though Gomez’s ongoing overseas filming commitments suggest additional cross-Atlantic travel, by whichever method either she or Blanco ultimately chooses, is likely to remain a recurring feature of the couple’s relationship in the months ahead.
Business
AMD Revives Ryzen 7 5800X3D with 10th Anniversary Edition at Lower Price
AMD has re-released one of its most celebrated gaming processors, the Ryzen 7 5800X3D, as a limited “10th Anniversary Edition,” bringing the chip that first popularized 3D V-Cache technology back to store shelves at a significantly reduced price, according to a wave of reviews published this week.
The Ryzen 7 5800X3D 10th Anniversary Edition is, physically and technically, the same silicon AMD originally launched in 2022, according to TechPowerUp. The chip features eight Zen 3 cores built on TSMC’s 7-nanometer manufacturing process, with 96 megabytes of total L3 cache, made up of 32 megabytes on the compute die plus a 64-megabyte stacked V-Cache die layered on top. The processor carries a base clock of 3.4 GHz and boosts up to 4.5 GHz, running on the aging but still widely used Socket AM4 platform. According to [H]ard|Forum, nothing about the underlying silicon has changed from the original release; what’s new is the retail packaging and, more significantly, the price.
That pricing shift represents the headline reason for the re-release. The original 5800X3D launched in 2022 at $450, according to TechPowerUp, while the 10th Anniversary Edition carries an MSRP of $350 and has been selling for as little as $340, according to [H]ard|Forum and Tom’s Hardware, which listed the chip at $339.95 through Amazon. TechPowerUp characterized the price cut as the review’s central storyline, framing the re-release as a strategic response to current PC hardware market conditions rather than simply a nostalgia play. “Reviving the 5800X3D might look like AMD selling nostalgia, but it makes real sense given today’s market,” TechPowerUp wrote, pointing to DDR5 memory prices that have climbed nearly fivefold amid surging AI-related demand for memory chips, a shift that has renewed interest in older DDR4-based platforms among budget-conscious gamers who already own compatible AM4 motherboards and memory.
Beyond the repackaging, AMD included one notable physical addition with the anniversary edition: a bundled Carbice carbon-nanotube thermal pad, according to TechPowerUp’s unboxing coverage. Unlike traditional thermal paste, the Carbice pad is a dry, pad-style thermal interface material that AMD has positioned as a cleaner and longer-lasting alternative for transferring heat away from the processor’s stacked cache design. TechPowerUp noted a degree of institutional skepticism toward such bundled accessories generally, though acknowledged that AMD’s willingness to include the pad directly suggests the company has confidence it can adequately handle the thermal demands of the cache-stacked chip. [H]ard|Forum separately noted that the Carbice pad requires a burn-in period before reaching its full thermal performance.
Despite its four-year-old design, the 5800X3D continues to perform competitively against more recent hardware in gaming workloads, according to TechSpot’s benchmark testing. In Rainbow Six Siege X, using the Medium graphics preset, the chip averaged 401 frames per second, representing a 55% to 57% performance uplift compared with older processors such as the Ryzen 7 3800X and Ryzen 5 5500. Even users upgrading from the still-popular Ryzen 5 5600X could expect a solid 13% performance improvement, according to the same testing. TechSpot found the 5800X3D effectively matched the newer Ryzen 5 7500F in gaming performance and trailed Intel’s Core Ultra 5 250K Plus by only about 4%, though AMD’s current-generation Ryzen 5 9600X remained comfortably faster overall. TechSpot characterized that result as impressive given the 5800X3D’s age and the value proposition it continues to offer existing AM4 platform owners.
Power efficiency remains one of the chip’s standout characteristics even years after its original release. According to TechPowerUp’s conclusion, while the 5800X3D is no longer competitive against modern processors built on smaller 4-nanometer and 5-nanometer manufacturing nodes in raw performance terms, it remains impressively efficient for its age and continues to rank near the top of the outlet’s gaming efficiency charts. That low power draw also makes the chip notably easy to cool; TechPowerUp noted that a modest, inexpensive cooler is sufficient for the 5800X3D, an option generally not available with processors drawing more than 200 watts. Like all of AMD’s X3D chips, the 5800X3D operates with a conservative 90-degree-Celsius thermal limit specifically to protect its stacked cache die, and TechPowerUp found that with any reasonably competent cooling solution, thermal throttling remains a non-issue for the chip.
Not every aspect of the anniversary release drew universal praise from reviewers. TechSpot offered a more pointed critique of the branding and packaging approach itself, expressing disappointment that the new anniversary edition processors look essentially identical to the original 2022 parts aside from minor labeling changes on the box. The outlet drew a direct comparison to AMD’s earlier 50th Anniversary Edition Ryzen 7 2700X processor, which had featured a signature from AMD Chief Executive Lisa Su and was widely regarded as a genuinely distinctive commemorative product. “These are simply plain old 5800X3Ds, so why make such a fuss about the anniversary branding? AMD could have just brought the processor back without the fluff,” TechSpot wrote, characterizing the anniversary framing itself as somewhat unnecessary given that the chip’s core value proposition rests entirely on its reduced price rather than any genuine commemorative design element.
Tom’s Hardware, in a separate re-review of the original 2022 Ryzen 7 5800X3D published ahead of the anniversary edition’s release, noted that AMD had indicated the new version should perform identically to the original despite using a slightly different internal bonding process during manufacturing, a change the outlet said could have a minor impact on power consumption and thermal performance, though significant performance differences between the original and re-released versions were not expected.
TechPowerUp’s overall assessment characterized the Ryzen 7 5800X3D 10th Anniversary Edition as a compelling option specifically for gamers who already own compatible AM4 platform hardware, rather than a chip that would justify building an entirely new system around it given the availability of more modern platforms and architectures elsewhere in AMD’s current lineup. For existing AM4 owners weighing a relatively affordable upgrade path amid elevated DDR5 memory pricing, however, multiple reviewers concluded that the reduced $340 price point makes the reissued 5800X3D a considerably more attractive proposition than it was at its original $450 launch price nearly four years ago.
Business
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.13%

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.13%
Business
Iran says new sanctions threatened by ’desperate’ US will fail

Iran says new sanctions threatened by ’desperate’ US will fail
Business
Peter Thiel’s 7 timeless rules for spotting winning businesses: Here is what investors must know
1. Look beyond numbers and understand the business philosophy
Thiel argues that investors often focus excessively on financial metrics while overlooking a company’s core principles. Businesses built on strong values, a clear mission and sound execution are more likely to create sustainable value over the long run than those chasing short-term gains.
2. Prioritise quality over cheap valuations
According to Thiel, quality should always come before price. Investors should evaluate a company’s balance sheet, cash generation, competitive position and capital allocation before making an investment decision. Strong businesses are better equipped to navigate economic downturns and emerge stronger.
3. Seek companies with durable competitive advantages
One of Thiel’s best-known ideas is that great businesses are often creative monopolies, companies that offer something unique that competitors cannot easily replicate. Proprietary technology, network effects, powerful brands and economies of scale help companies protect their leadership and sustain profits over time.
4. Back businesses that start small but think big
Thiel believes many successful companies first dominate a niche market before expanding into adjacent opportunities. PayPal, for instance, initially focused on a narrow customer base before growing into a global payments platform. Investors should therefore look for companies that establish leadership in a specialised segment before scaling.
5. Think independently, not differently for the sake of it
Being contrarian simply to oppose the crowd is not enough, says Thiel. Instead, investors should develop independent views based on research and conviction. The biggest investment opportunities often emerge where consensus has yet to recognise a company’s long-term potential.
6. Focus on businesses investing for the future
Companies that consistently reinvest excess cash into innovation, research and growth initiatives are more likely to build enduring competitive advantages. Thiel believes firms with strong long-term vision are better positioned to create lasting shareholder value than those focused solely on protecting current profits.
7. Invest with a long-term mindset
Perhaps Thiel’s most important lesson is patience. Rather than spreading capital across dozens of average companies, he advocates concentrating on a handful of exceptional businesses with the potential to compound wealth over many years. Long-term investing, supported by conviction and disciplined research, has been a common thread among many of the world’s most successful investors.
The bottom line
Peter Thiel’s investment philosophy centres on identifying businesses that solve unique problems, enjoy strong competitive moats and possess the ability to compound value over time. While no framework guarantees investment success, his emphasis on independent thinking, business quality, and long-term conviction offers a useful roadmap for investors seeking multibagger opportunities.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
(VIDEO) Toronto Declares BTS Weekend, Lights City Purple and Renames Street for K-Pop Stars’ Sold-Out Shows
TORONTO — Toronto turned purple this weekend as the city officially declared Aug. 22 and 23 “BTS Weekend,” illuminated its landmark Toronto Sign in the group’s signature color and temporarily renamed a stretch of Yonge Street “BTS Boulevard” to welcome the South Korean superstars for two sold-out concerts.
The seven-member group performed Saturday and Sunday at Rogers Stadium in North York as the only Canadian stop on its ARIRANG World Tour. The shows, supporting the group’s fifth studio album, drew an estimated 100,000 fans across the two nights at the outdoor venue, which has a net capacity of about 50,500 per performance.
City officials unveiled the honorary BTS Boulevard signs on Friday along Yonge Street from North York Boulevard to Finch Avenue. The temporary designation, approved by Toronto City Council, remains in place until Sept. 23. The red-designed signs draw inspiration from the visual branding of the ARIRANG album and tour. After the period ends, the signs are expected to be donated for a community giveaway or related charitable purpose.
The Toronto Sign at Nathan Phillips Square was lit purple on the concert dates, a color long associated with BTS and its global fanbase, known as ARMY. The proclamation of BTS Weekend invited fans to wear purple in celebration.
These civic gestures form part of a broader effort to highlight Toronto’s Korean Canadian community and boost local tourism and business. Destination Toronto, the city’s tourism marketing organization, released customized guides directing visitors to Koreatown, attractions and Korean-owned businesses along the newly designated boulevard. The Yonge North York Business Improvement Area also produced a Korean Vibe Guide mapping the 20 BTS Boulevard signs and nearby restaurants and shops.
The concerts coincided with the Toronto Korean Festival at Mel Lastman Square, adding cultural programming, food stalls and performances that further amplified the weekend’s atmosphere. Local media reported long lines of fans waiting for merchandise starting the day before the shows, with visitors arriving from across Canada and abroad.
“BTS’s heat is lighting up Toronto,” CityNews reported in coverage of the crowds and merchandise demand.
Public transit operators expanded service to handle the influx. Fans were encouraged to use subway and shuttle connections to Rogers Stadium, located on the former Downsview Airport lands. Free TTC rides were offered after the shows with a valid concert ticket from nearby stations. Stadium operators opened early, restricted overnight queuing and designated merchandise sales days to manage crowds at the relatively new outdoor venue.
BTS last performed as a full group in the Toronto area during three sold-out nights in nearby Hamilton in 2018. An earlier appearance came in 2015 at a smaller downtown venue. Planned 2020 dates were canceled amid the pandemic, after which the members completed mandatory military service in South Korea. The ARIRANG tour marks their first major group headline run since the Permission to Dance on Stage Tour of 2021-22.
The current world tour spans dozens of cities across multiple continents and is scheduled to continue into 2027. Toronto’s two nights featured a 360-degree, in-the-round stage configuration that placed the performers closer to the audience. Setlists from the opening night included tracks spanning the group’s catalog, with the shows proceeding despite rainy conditions on Saturday.
Fans and organizers described the weekend as more than a pair of concerts. Merchandise pop-ups in the city saw strong demand for hoodies, light sticks and other official goods. International ARMYs traveled long distances, some reporting journeys of more than 20 hours, to attend. Local Korean businesses along the boulevard and in surrounding neighborhoods reported heightened activity as visitors explored restaurants and shops.
City Councilor Lily Cheng, who introduced the motion for the temporary street co-naming along with a colleague, framed the initiatives as a welcome to the group and its fans while supporting the area’s Korean cultural presence. The motion and subsequent city announcements emphasized economic revitalization and tourism alongside cultural recognition.
Rogers Stadium, which opened in 2025, adjusted operations for the high-demand event. Organizers banned overnight lines for entry, opened gates early and prepared for weather given the outdoor setting. Capacity figures listed on ticketing platforms confirmed the roughly 50,500 net seats available each night after stage configuration.
The combination of official city proclamations, street signage, landmark lighting, festival programming and transit support turned the concerts into a citywide occasion. Visitors and residents alike encountered purple lighting, red BTS Boulevard markers and crowds of fans displaying light sticks and merchandise in the days surrounding the performances.
As the second show concluded Sunday, the temporary signs remained in place for another month, continuing to mark the corridor and guide visitors to Korean businesses. The Toronto Sign returned to its regular schedule after the purple illumination on the concert nights.
For a city that has hosted major global events, including FIFA World Cup matches earlier in the summer, the BTS Weekend illustrated how a single weekend of performances can cascade into broader civic and commercial activity. Fans left with memories of the stadium shows, while local merchants and cultural organizers gained visibility and traffic during one of the year’s highest-profile entertainment weekends in Toronto.
The ARIRANG tour continues its North American and international run following the Toronto dates, with the group’s return underscoring the enduring draw of its music and the organized enthusiasm of its worldwide fan community.
Business
United Airlines CEO Scott Kirby talks about the future from JFK to AI
United Airlines CEO Scott Kirby speaks during a media event showcasing the airline’s new premium “Elevated” aircraft interior at Los Angeles International Airport, March 24, 2026.
Patrick T. Fallon | AFP | Getty Images
NEWARK, New Jersey — Scott Kirby says he doesn’t believe in revenge.
“Everyone thinks I do, but no, I don’t,” said the United Airlines CEO, whom American Airlines fired 10 years ago, when he was president of that carrier. “I compete aggressively.”
United announced it had hired him as president on Aug. 29, 2016, a blink after American disclosed his departure. Now, Kirby is running the second-most profitable U.S. airline after Delta Air Lines. And his former employer, American, is a distant third of the big, more-than-century-old, U.S. carriers, though it’s working to ramp up revenue through a host of upgrades, including bringing back seatback screens.
Kirby floated the idea of megamergers with both Delta and American in the past year, combinations that would bring together some of the biggest airlines in the world. He’s so far been rebuffed, and antitrust experts were skeptical about the possibility.
He’s thinking bigger than he has before as the industry faces ever-higher costs, limited airport infrastructure and a population that’s ready to shell out more to fly — often in the expensive seats — to the next “it” destination.
Eyeing JFK from EWR
United Airlines planes sit on the tarmac at Newark Liberty International Airport in Newark, New Jersey, on March 18, 2026.
Kena Betancur | AFP | Getty Images
CNBC rode with Kirby from the west side of Midtown Manhattan to United’s hub at Newark Liberty International Airport in New Jersey earlier this month, where the 59-year-old executive outlined his vision for the carrier before his flight.
Kirby said he wants to expand United’s footprint at New York’s John F. Kennedy International Airport after his airline returns to the congested airport through a partnership with American’s former partner, JetBlue Airways, as early as next year.
“We got a bunch of irons in the fire to try to find ways to do it,” he said, adding that United could at some point acquire slots from carriers that aren’t flying profitable routes out of the airport.
And while United already holds the crown among U.S. airlines for international flights, which are in high demand among U.S. tourists, he wants to expand the carrier’s footprint abroad even more. This week, United is set to announce a host of new international routes, the carrier’s annual splash that has previously included new dots on the map like Ulaanbaatar, Mongolia and Bilbao, Spain.
United has been touting its international expansion for years, saying its vast network acts as a driver for customer loyalty and sign-ups for lucrative travel rewards credit cards. Its route announcements typically come with much fanfare.
Kirby, a three-decade airline executive, is the United States’ most outspoken airline CEO. His team knows this, and they’ve stopped telling him well in advance what will be on tap for the next batch of Instagram-friendly routes.
“They no longer tell me in advance because they’re afraid I’ll spill the beans, which is fair,” he said.
While Delta has still had a lead on profits, CEO Ed Bastian doesn’t want to give up ground to United. It is starting to expand flights over the Pacific, a United stronghold.
“People say, ‘Well, when is it someone else’s turn?’ Well, I’m never going to let that be someone else’s turn. It’s always our turn,” Bastian told students at Columbia Business School in April 2024. “We always get a chance to prove it every single day. … Yesterday really doesn’t matter. It’s only today and tomorrow that you can think about.”
1 minute break
United Airlines CEO Scott Kirby speaks during a joint press event with Boeing at the Boeing manufacturing facility in North Charleston, South Carolina, on December 13, 2022.
Logan Cyrus | AFP | Getty Images
It’s been a decade since Kirby started at United. He joined the airline in August 2016 after he was let go by American when he was president and didn’t have a path to eventually becoming CEO.
United dropped a securities filing just after American disclosed Kirby’s departure, saying he would be taking the president role at the Chicago airline. American promoted then-Chief Operating Officer Robert Isom to president that day, Kirby’s old role. Isom was named American’s next CEO in late 2021.
“I joke that most people take a few weeks, a couple months between jobs. I took 60 seconds,” Kirby said.
United promoted Kirby to CEO from president in May 2020, while the industry was reeling from Covid, its worst-ever crisis.
The executive ranks at the tops of United and American trace their roots back to America West and other airlines, before a wave of mergers over the past two decades left four carriers holding more than three-quarters of U.S. flight capacity.
“One of the things also I learned at American: There’s only so much change you can make as the No. 2,” he said. “You can push too hard and you get fired.”
United was in the midst of upgrading its cabins when Kirby joined in 2016, including with its highest-end Polaris pod seats for long-haul business class. But he said his first order of business was going through money-losing routes with a highlighter to figure out what was working and what wasn’t.
The company considered closing its bases at Los Angeles International Airport and Washington Dulles International Airport in Virginia. Kirby said he stopped that idea, and both stayed open.
The airports are critical for United. LAX is one of the airline’s most important hubs, though no carrier has a handle on that airport like they do others. And Kirby took a day trip from his son’s soccer camp in Brazil last month to fly up to meet with President Donald Trump to unveil a $22.5 billion revamp of Dulles in the Oval Office.
AI, mergers and the future of travel
Stock analysts and legal experts were highly skeptical about a merger between United and one of the other U.S. giants.
People familiar with the matter said Kirby approached Delta but was turned down, as The Wall Street Journal first reported last month. The people spoke on the condition of anonymity to discuss the talks. Delta declined to comment. The carrier’s president, Peter Carter, told CNBC at an industry conference in June that he doesn’t see a merger or acquisition in Delta’s future.
American, meanwhile, publicly rejected a merger offer from United this spring.
“At the end of the day, we spend time looking at things that have a chance of happening. We don’t spend a lot of time pursuing impossibilities,” Isom told CNBC in an interview in late June.
Kirby told CNBC that he hasn’t changed his stance and he’s not interested in acquiring a smaller airline, like JetBlue. “That’s still the case,” he said.
“Everything I say would require a willing partner,” Kirby said.
When asked about antitrust concerns and likely pushback from state attorneys general, he said, “All of the objections are … based on a premise that the airline industry is a commodity.”
And Kirby said the industry has since evolved and that Delta and United have differentiated themselves, with their routes, onboard cabins and other products.
He said he wants United to grow in South America and in the Southeast U.S., but there’s a lack of places to build out new hubs that make sense.
“Those are two places that are holes for United that are hard to fix on a stand-alone basis,” Kirby said.
The best place for serving South America is Miami International Airport, he added. American had a more than 60% share of passenger enplanements in the 2025 fiscal year, according to airport data.
Putting mergers aside, Kirby said artificial intelligence tools for both employees and customers will make traveling easier and improve reliability, a tall order for any airline that is susceptible to weather, constrained airports and a host of other daily surprises from mechanical problems.
He wants delays expressed in clear English to customers.
“I firmly believe in no excuses, and so we don’t make excuses,” he said.
Even still, in the first half of the year, United ranked behind Delta and Alaska Airlines, which recently merged with Hawaiian Airlines, for on-time arrivals, according to the Transportation Department.
Kirby said outside factors or outright crises will always challenge the industry and said he is focused on the long-term future of the airline.
“Our employees often ask me like, ‘What keeps you awake at night,’ and I tell them, ‘nothing,’” he said. “My job is to set the company up so none of you ever have to have a sleepless night worrying about your jobs.”
He said his goal is to never have another furlough at the airline.
When asked if he would retire eventually, Kirby said, “I hope I will know when to retire and do it gracefully with a great transition with great people.”
Business
Pride Hotels steps up expansion, plans Rs 1,000-cr IPO by December
“We have opened nine hotels in the last 12 months. This is the ninth in Indore,” Jain said in an interaction with PTI.
The expansion has taken Pride Hotels’ portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties.
“Our focus is on four segments — going deep in the markets where we are already present, targeting large wedding and MICE (Meeting, Incentive, Conference and Exhibition) hotels, entering new leisure destinations and expanding in pilgrimage,” Jain said.
Among these, pilgrimage destinations are emerging as an attractive opportunity, given the strong potential for repeat business.
“Unlike a holiday destination… in pilgrimage, if you believe in that particular God, you will keep going multiple times in a year. So there are a lot of repeat customers,” he said.
Puri, for instance, is seen as a promising market as it attracts both religious travellers and wedding-related business, he added.To support the expansion, the company is also looking to increase the share of owned properties in its portfolio, Executive Director Atul Upadhyay said.
Beyond pilgrimage, Pride Hotels expects leisure travel to benefit from rising per-capita income, better air and highway connectivity and changing consumer preferences. Jain said younger consumers are increasingly prioritising experiences, with the frequency of holidays also rising.
“People are taking much more holidays and its frequency is going up a lot,” Jain said, adding that younger consumers increasingly prefer “creating experiences” over acquiring things.
Against this backdrop of expansion, the company is also preparing to tap the capital markets.
“Pride Hotels plans to launch its IPO by December, with the issue size remaining around Rs 1,000 crore,” Jain said.
The Mumbai-based hospitality chain, which filed its preliminary papers with Sebi in October 2025, received approval to float the IPO in January 2026.
According to the draft papers, the public issue comprises a fresh issue of shares worth Rs 260 crore and an offer for sale of up to 3.92 crore shares by promoters and promoter group entities.
The proceeds will be used to fund capital expenditure towards renovation of existing hotels, repayment of debt and general corporate purposes.
Pride Hotels remains focused on the upscale segment and may launch a boutique upper-upscale brand, Pride Lux, as it looks to broaden its offering.
While the expansion outlook remains positive, rising operating costs are emerging as a concern. Chairman and Managing Director (CMD) S P Jain said gas and electricity expenses have risen 8-9 per cent, weighing on the bottom line.
To contain these costs, the company is investing in wind and solar power as well as energy-efficient equipment. He noted that air conditioning accounts for a major share of a hotel’s electricity consumption and said efficient chillers could help reduce power usage.
Apart from cost pressure, the CMD also flagged licensing as the biggest challenge for the hospitality industry, saying multiple approvals can delay the opening of hotels even after construction is complete.
“Biggest challenge in hospitality is licences,” he said, calling for a more streamlined approval mechanism.
To a query on international foray, Jain said for now, Pride Hotels remains focused on the domestic market and has not signed any overseas hotel. However, the company could explore international markets with significant Indian traveller traffic. PTI
Business
EMO: Growing Distribution And Rising NAV Offers Strong Total Return Potential (NYSE:EMO)
Now retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance. Since that time I have done considerable research and vowed to make smarter long-term investing decisions after suffering through the Great Recession with minimal losses to my inherited portfolio, after firing my financial advisor.I look for mostly dividend paying income stocks and funds (BDCs, REITs, CEFs, ETFs) that offer high yield income to increase my retirement income beyond my pension and Social Security. I also enjoy reading investment/financial and business information and following trends in technology and markets. The human psychology of markets is as fascinating and inscrutable to me as the financial side. I am not a financial advisor so please do your own due diligence before making any buy or sell decisions.“The race is not always to the swift, nor the battle to the strong, but that’s the way to bet.” Damon Runyon
Analyst’s Disclosure: I/we have a beneficial long position in the shares of EMO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
United needs to decide what to do with its old Boeing 737 Max 10 seats
A Boeing 737 MAX 10 fuselage is pictured during the opening ceremony for the company’s new North Line assembly line, which will produce 737 MAX aircraft, at the Boeing Everett Factory in Everett, Washington, on July 10, 2026.
Jason Redmond | Afp | Getty Images
In August 2018, the then-president and now CEO of United Airlines Scott Kirby told a room of reporters at an aviation conference in Denver about the airline’s big plans for the new Boeing 737 Max 10: lie-flat, premium seats and a host of profitable, transcontinental routes.
The plane was supposed to start flying in 2020.
Hundreds of those seats have been in storage because its certification — which was expected more than six years ago — is far behind schedule. Now, Boeing and many of its customers expect the company to win federal approval for the plane, the largest in the bestselling 737 Max family, soon, so United has to decide what to do with all those seats.
“We got a bunch of lie-flat seats that we don’t know what to do with,” Kirby told CNBC during an interview earlier this month at Newark Liberty International Airport in New Jersey. “They don’t fit on other airplanes.”
United hasn’t disclosed the layout it will use on the planes, or where it will fly them. The airline set its earlier plans for the Boeing 737 Max 10 before it even offered a premium economy section.
The delays for both the newly approved Boeing 737 Max 7, the smallest model, and the yet-to-be-certified Max 10 came after the manufacturer had to redesign an anti-icing system. Boeing was also dealing with increased scrutiny after years of safety and manufacturing crises.
Boeing won approval for the 737 Max 7 earlier this month, with big customer Southwest Airlines expecting to fly them sometime in the first half of 2027.
United pivoted because of the Boeing delays and recently outfitted a subfleet of its Airbus A321neo narrow-body aircraft with 20 of the newly designed Polaris suites, premium economy options and other new seats as part of the industry’s race to add high-yielding seating on its planes. It’s dubbed the subfleet the “Coastliner” for transcontinental routes.
But the dimensions and requirements aren’t the same on both planes, leaving United with a decision on what its interiors will look like.
It expects to get the first Boeing Max 10s in summer 2027. It has 167 of the aircraft on order, according to its most recent quarterly filing.
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