Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Small- and mid-size companies where Cyrus was the chairman did better on bourses than large Tata group companies
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Pratik Dalal of Emkay Share Brokers gives his favourite picks in the hotel sector and the reasons why he is bullish on them.
Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
Development authority said to have passed Taj's file to Delhi lieutenant governor for approval.
It will expand their footprint radically, give them a huge presence at the top end of the market, and reduce their dependence on India.
The Hospitality sector isn't showing any sign of recovery. The sector is nowhere near the growth it saw between 2004 and 2008.
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.
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
Indian Hotels Company reported a 29 per cent increase in net loss in the first half of this year.
Mistry is not the first Tata bigwig to be ousted and Tata is not the only big name which saw a doyen or two leave
Firm's board expected to meet by Thursday to take a call on the offer.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
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 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.
Having started with an economical Rs 999 per room, Ginger, into its eighth year, currently charges Rs 1,500-2,000 per room.
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
Outbound foreign direct investment last month was almost 47 per cent less than the $2.74 billion in November, according to the Reserve Bank data released on Wednesday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
After Singapore this is the second such nodal office opened by the new group chairman.
The SC sought response of Maharashtra Police on objections raised against its various conditions put in place for granting licences to dance bars across the state.
Helped by robust growth in tourist inflow in the country, the Indian hotel industry saw their occupancy levels rising to 59.7 per cent in 2003-04, an increase of 4.9 per cent over the occupancy level of the previous year.
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 Bombay high court on Friday rejected the plea of hotels and restaurants across the state seeking permission to play orchestra in their establishments on December 31 night until 5 am on the New Year day.
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.
This would be the fourth time the New Delhi Municipal Council would be giving an extension.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
US-based luxury hotel chain operator Orient Express has brought on its board an Indian-origin restaurant business entrepreneur Harsha V Agadi as an independent director.
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.
The Tata Group company owns and runs six brands of hotels in the luxury, premium, mid-market and value segments.
With a focus on financial literacy for women, Millennium Mams is an 18-year-old initiative started by Kolkata-based industrialist B K Dhanuka.
Cyrus Mistry undertook quite a few significant initiatives at the Tata Group in the past two years.
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