Hotels in the Capital are in for some tough times, with the Commonwealth Games not fetching many customers and the government releasing a large part of the inventory that it had earlier reserved for the event.
The sponsorship money in the bag is a tad over a quarter of what the organisers of the games had projected.
R C Agarwal, promoter of beleaguered Vishal Retail, on Wednesday came out in support of the offer from Texas Pacific Group (TPG) in preference to that from Kishore Biyani's Future Group.
For the MV Khailijia 3, one of the two ships which collided last Saturday off the coast of Mumbai, the track record does not read very well. In July, it was found that the ship had developed some cracks and had to offload its cargo mid-sea.
For those who don't wish to watch their favourite game on a television in their living room, the perfect place was to head to a nearby hotel or a pub where the whole action was simulated to give a stadium-like feel with a giant screen and hordes of football fans cheering and jeering the teams.
About a month after it was thrown open for bookings, the Games Travel Office (GTO) of the Commonwealth Games does not seem to be generating much response from tourists.
Loan defaulters will now find it difficult to rid themselves of all their liabilities through the one-time settlement scheme.
Europe's and Bangkok's loss is turning out to be gain for several other destinations like Hong Kong, Macau, Malaysia and Singapore.
While emerging markets have traditionally been recipients of the older cast-offs from the developed markets, in India it is completely different.
Marriott is also expanding its overall presence in the country. By 2013, it aims to have 40 hotels across categories. Out of these, five hotels -- Jaipur (Marriott), Chandigarh (JW Marriott), Bangalore (JW Marriott) and Pune (Marriott and Courtyard) -- would be opened by the end of 2010.
Tour operators are turning their attention to the coming football madness, with the World Cup tourney set to kick off in 46 days.
Hopes to launch e-scooters within two years
GM India is working on launching a BS-IV variant of the car, but is in no hurry.
From those fresh out of school to retired couples, there is a new emerging segment of travellers keen to see the world in their own specific way.
While convenient destinations like Thailand, Malaysia and Singapore are the usual suspects, places like Greece, Piedmont, Jordan and Santiago are making their way into the itinerary of the Indian traveller.
Bosch Rexroth (India) Ltd, a subsidiary of German automation giant Bosch Group, a drive and control solutions for industrial applications, has bought private land near the Tata Nano site in Sanand recently with plans to set up its second manufacturing unit in the state.
In the past one year, the share of state-run banks in auto finance has increased significantly, and in some cases nearly doubled, on the back of competitive rates offered by banks such as State Bank of India.
In March this year, the anticipation of Nano launch coupled with a sluggish demand had made a sharp dent in used car prices by 25-30 per cent. Dealers had feared a further dip in prices by around 10 per cent.
The company plans test production of 50-60 cars per day from January.
Nearly 60 vendors will move to the vendor park at Tata Nano's Sanand plant by March next year. The rollout of the car is set for the January to March quarter, and vendors will feed the plant at existing locations till they shift.
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