ITC Hotels- The Grand Central, The Luxury Collection, in Mumbai, has recorded a 15 per cent rise in bookings for September month as compared with last year's booking of 60 per cent for the same month.
As Indians take to the roads like never before, restaurants are fanning out to the highways.
Banks are facing increasing delinquencies by overleveraged mid-sized companies, now caught in hardships due to changes in their operating environment.
AICTE to induct 75 professors from across the country to implement programme.
Industry analysts suggest that the revision in Mumbai and Delhi could be up to 25 per cent. At destinations such as Goa and Kerala it could be as much as 30 per cent.
In their first step towards introducing a pension scheme based on defined contribution, public sector banks have in-principle decided to introduce such a scheme for new recruits in the officer cadre.
With the global weakening of dollar against the rupee making a dent in revenues, hotels across the country have decided to charge their domestic and international customers in rupee.
Manish Khera, chief executive officer, Fino, tells Shriya Bubna that the smart card technology platform of Fino can help banks cut operational costs by one-third and MFIs, but connectivity remains an issue.
There are approximately 300 million domestic travellers each year and this number is expected to grow by 10-15 per cent every year.
Public sector banks have asked the Centre to intervene as talks with bank unions for allowing half of their employees a second chance to opt for pension instead of provident fund have reached a deadlock.
Increased allocation to the higher and technical education sector would mean more funds to revamp the university education system and lay a thrust on technical education.
The Domina Hotel Group, Italy's largest hotel and resort operator, will start operations in India in the next two years.
Education institutes are using a new technique - search engine marketing - to spread awareness about their programmes and to create a niche for themselves in the students' minds.
AICTE to seek states' help to close institutes.
India has a shortage of 150,000 rooms and the government hopes this will create additional 7,000 hotel rooms for events like the Commonwealth Games, scheduled in New Delhi in 2010.
Harvard will now study the civic ills of Mumbai and Delhi. But will any good come of it?
Central bank fears corporate credit is finding its way to the bourses.
Public sector banks, in a frenzy to cash in on the retail credit boom during the three years beginning 2003-04
Three to six month loan rate cut by up to 100 bps.
Monsoon tourism, as it is known, has performed beyond the expectations of tour operators, garnering a 50 per cent increase in both in-bound and out-bound traffic.
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