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'Terrorists will not check in as guests'

The terrorists apparently just walked into the Trident and began spraying the lobby with bullets, said top Oberoi management. With that one statement, they refuted all rumours that Oberoi or......

Hard-hit businesses stocks are set for a good time

The key risks against a fast recovery would include long delays in business travel resumption, delays in commissioning, etc. Illustration: Uttam Ghosh/Rediff.com   Higher vaccination rates, a......

Reliance buys New York's premium luxury hotel Mandarin Oriental for $98.15 mn

Mandarin Oriental New York, the premium luxury hotel a subsidiary of Reliance Industries is acquiring, is known for its much-in-demand ballroom, five-star spa and eating and drinking venues,......

Street finds comfort in hospitality stocks on hopes of recovery

Several hotel stocks have done well on the market in the recent past — by and large they have beaten the benchmark index. The hospitality sector has been hit very hard by the pandemic. In......

Ambani buys Britain's iconic country club Stoke Park

Billionaire Mukesh Ambani's Reliance Industries Ltd has bought Britain's iconic country club and luxury golf resort, Stoke Park, for 57 million pounds (about Rs 592 crore). The acquisition adds to......

Budget hotels beat 5-star peers in revenue growth

The data shows the average room rate of two-star hotels increased by 8.5 per cent in FY18, even though it lagged on occupancy at 61.8 per cent, down 1.4 per cent year-on-year It is not the four-......

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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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