Company's strategy is to 'milk the brand' as much as it can, as well as to look at an early transition.
ABG close to winning bid for container-handling berth at Haldia.
The Comptroller and Auditor General can do a performance audit of production sharing contracts
Mumbai and Pune hotel projects put on hold for now.
It had also washed its hands off the fourth container terminal at Jawaharlal Nehru Port Trust, despite making a winning bid, with Port of Singapore Authority as the lead partner.
Haldia Bulk Terminals pulled out of 10-year contract for cargo-handling operations, blaming the political climate and "vested interest".
EIH posted a net loss of Rs 18.3 crore on lower occupancy levels.
Temporary relief for Bharti, Vodafone and former telecom secretary Shyamal Ghosh
US-based online travel company Expedia Inc is setting up a research and development (R&D) centre in Gurgaon, near Delhi. With 100 people already on board and another 200 still to be added, Expedia will have the biggest R&D facility among the online travel companies in India.
When the founder and CEO of MakeMyTrip.com, Deep Kalra, spoke of his plans to expand the company's offline retail stores, the American board members of the Nasdaq-listed online travel firm found the idea revolutionary.
A presentation by the CBI to a Joint Parliamentary Committee last week said the decision led to a loss of Rs 508 crore to the exchequer.
The lease term of the Taj Palace Hotel, owned by the Indian Hotels Company, will expire on April 1, 2013, and it must settle a dispute with the Delhi Development Authority over the quantum of licence fee for a smooth renewal.
The company sees many more areas of inorganic growth in the future.
About 12 years ago when the Marriott group started its India stint with the opening of Marriott Goa, it was one of the few international hotels to seize the 'India opportunity.'
The CBI, facing a shortage of investigative officers and a rise in financial offences, is planning to recruit for short tenures personnel from public sector banks working at the corresponding grade of CBI Inspector. Those hired will be a part of the CBI's Bank Fraud Investigation Cell.
Many leading hospitality companies looking at expansion are either deferring launches or stalling projects on the back of various challenges including fund crunch and roadblocks in getting permits.
Indian appetite for adventure tourism is increasing consistently, with the segment seeing an over 10 per cent year on year increase in travellers.
A Central Bureau of Investigation (CBI) official said the agency would soon call Malaysian businessman T Ananda Krishnan for questioning. Maxis is part of the business empire of Krishnan, who is expected to soon fly to New Delhi.
The third chargesheet was scheduled to come out by the first week of July.
Gautam Adani, the 48-year-old chairman of the Ahmedabad-based company was declared the seventh-richest Indian by Forbes in September 2010 and the second-richest by Business Standard in December 2010.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances