On Tata's retirement in December, 2012, Mistry will take the charge of IHCL.
Days after the disbanding of Group Executive Council set up by Tata Sons ousted chairman Cyrus Mistry, N S Rajan and Nirmalya Kumar have resigned from their respective board positions at Indian Hotels Company and Tata Chemicals.
Tata group's hospitality firm Indian Hotels Company Ltd (IHCL) on Friday said its 'Taj' brand has been rated as the strongest hotel brand in the world. According to the 'Hotels 50 2021' report by Brand Finance, Taj topped the strongest brands list for having stood resilient in spite of the challenges posed by the pandemic, besides other achievements.
"Twelve years after India's worst terror attack on Mumbai, two Taj hotels -- Colaba and Bandra have received a terror threat from Karachi. "I have had detailed discussions on beefing up security arrangements with both Maharashtra DGP and Mumbai Commissioner of Police," Deshmukh said.
Jhunjhunwala holds a stake in more than 30 listed firms.
Taj Dubai will be the first international property to house 'Chambers' and offer facilities and privileges.
The Indian Hotels Company Ltd on Wednesday said the group has adequate insurance cover to repair and restore the damage caused to its property, The Taj Mahal Palaces and Towers in Mumbai, during the last week's terrorist siege.
The iconic Taj Mahal Palace and Tower hotel of the company in south Mumbai does not have any guests at present and only minimal staff are present to ensure upkeep of the property.
This e-series funding round also makes OYO the most valued hospitality company in the country, ahead of the Tata group's Indian Hotels Company, which owns the Taj brand of hotels, and EIH, which owns the Oberoi brand of hotels.
The duo bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21
A division bench of Justices Ranjit More and Bharati Dangre on Monday quashed and set aside the proceedings.
Armed with Rs 650 crore (Rs 6.50 billion) fund for acquisitions, Tata Group firm Indian Hotels Company said on Wednesday that it would open one Taj exotica resort in Mauritius.
A battle royale, fought over 15 long years, comes to an end as a prince and a princess -- grandchildren of the legendary Rajmata Gayatri Devi -- get back the Jai Mahal Palace Hotel from their step-uncles.
How the Tata hotel chain is tackling the transition challenges of multiple brands.
The future of travel is increasingly shifting to focus on experiences that positively impact one's overall wellness.
Gateway Hotels & Resorts are full service upscale hotels and resorts that are located in 21 cities and holiday destinations.
Orient-Express says the bid amount is significantly low and undervalues the assets of the company.
They are considering options with respect to the offer to acquire the hotel.
It will expand their footprint radically, give them a huge presence at the top end of the market, and reduce their dependence on India.
US-based Orient Express Hotels has termed the $1.86 billion acquisition offer by Tata group firm Indian Hotels as 'unsolicited' and said it will evaluate the proposal 'carefully and respond' accordingly.
Development authority said to have passed Taj's file to Delhi lieutenant governor for approval.
Joins Leela Kempinski, Oberoi and Crowne Plaza in the city.
After New Delhi's Taj Mansingh and Taj Palace hotels, lease renewal of Indian Hotels Company's Mumbai property, the most iconic, is facing trouble.
Indian Hotels Company reported a 29 per cent increase in net loss in the first half of this year.
Having started with an economical Rs 999 per room, Ginger, into its eighth year, currently charges Rs 1,500-2,000 per room.
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.
ITC Hotels and Tatas' Indian Hotels Company will invest strongly over the next few years to add properties in the segment, considered a booming one.
The Taj Hotel near India Gate will remain with the Tatas for one more year and will have the first right of refusal in an auction to be conducted within this period.
The Indian Hotels Company Ltd, operator of the Taj brands of hotels, on Monday formed a joint venture with Yunnan Tourism Co Ltd to develop and manage two hotels in China's Yunnan province.
Opening another chapter in aviation industry, G R Gopinath, the pioneer in low-cost carriers, had his Deccan Charters Ltd join hands with Taj Air, the executive charter service of Indian Hotels Company Ltd (IHCL), and Business Jets India Pvt Ltd (BJETS), to launch Powerfly.
Two years after IHCL - one of Asia's biggest hotel chains which runs the Taj chain of hotels and resorts in addition to three other brands - had clinched the deal and subsequently demolished the multi-storey 434-room Hotel Sea Rock, it is now awaiting clearance to start construction.
Cleartrip acquired Saudi travel firm Flyin last July and it provides bilingual ground support service and itineraries for inbound tourists.
OYO Rooms offers rooms for Rs 1,200-5,500 in all major cities.
The Tata Group company owns and runs six brands of hotels in the luxury, premium, mid-market and value segments.
The Indian Hotels Company has got four brands to cater to different markets.
Taj Hotels Resorts and Palaces, Asia's largest hospitality chain, is looking to set up luxury properties in Africa, West Asia, China and Southeast Asia.
They have everything they wanted as a teenager - only they seem to have got it all 50 years later, says ad guru Sandeep Goyal.
Indian Hotels Company Ltd board okayed sale of companys Taj Blue Diamond Hotel, Pune and Taj Residency Hotel Lucknow to PIEM Hotels Ltd for Rs 600 million and Rs 400 million respectively.
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