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Budget hotels: Emaar, Accor to invest $300 mn

Emaar MGF and Accor on Monday announced a joint venture to bring the Formule 1 brand of budget hotels to India. The new venture, Budget Hotels India, has planned investments of $300 million over......

Taj, Oberoi under pressure from foreign hotel chains

Two years ago, Vivanta by Taj, Pune, (formerly Blue Diamond) sold its base inventory at Rs 17,000 per night. The same room is currently being offered at Rs 5,850 per night. Part of the cause for......

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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