India's hospitality sector is rolling out the red carpet for investors. A flurry of upcoming IPOs, or initial public offerings, the entry of new players, and ambitious expansion plans by Indian and global hotel brands are ushering in what could be the industry's most formalised era yet. Leading the charge are real estate titans, who are turning their hotel arms into global hospitality chains.
The Indian hockey team will get Rs 25 lakh from Bharat Hotels Limited for doing a stupendous job in the ongoing Champions Challenge I tournament in South Africa, where they have reached the final.
'When he was offered B R Chopra's Zameer, many advised him against playing Saira Banu's father, pointing out that a decade ago, he had been her hero in her debut film, Junglee.' 'When he asked me, I pointed out that he was an actor first, so nothing should stop him from playing any role.'
The inquiry will bring under a scanner Arun Shourie, the then disinvestment minister, and Bharat Hotels Chairperson Jyotsna Suri.
Aam Aadmi Party swept the Delhi polls with 67 seats.
Reversing a six month declining trend, WPI inflation moved up marginally to 0.11 per cent in December mainly because of increase in prices of food items.
Early GST rollout to help create more jobs, boost output, says IMF.
The Reserve Bank had kept policy rate unchanged in its review on April 7.
India Inc on Saturday cheered the road map for lowering corporate taxation.
Encouraged by softening inflation, the RBI on Thursday decided to cut the benchmark interest rate by 0.25 per cent to 7.75 per cent with a view to boost growth.
Industrial production in May slowed to 2.7 per cent from 5.6 per cent a year ago, dragged down by manufacturing, strengthening the case for an RBI rate cut.
Pitching for a non-adversarial tax environment, India Inc on Tuesday suggested reduction in tax rates on corporate as well as individuals to boost economic growth.
Many officials had been talking of taking the baton of global growth.
RBI has cut the rates thrice so far in 2015 by 25 bps each.
Prime Minister Narendra Modi on Tuesday met business leaders to hear their grievances on issues ranging from high capital cost to ease of doing business to certainty on taxation matters, as he interacted for the first time with the Indian industry chambers since taking charge over a year ago.
The transition to a single, nationwide tax on goods and services will streamline business and boost the economy by tearing down barriers between 31 states and union territories.
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
Tamil Nadu Chief Minister Jayalalithaa credited Prime Minister Narendra Modi with spearheading investor-friendly initiatives, saying it will "enthuse" businesses planning to invest in states.
Low oil prices also means effectively transfer of wealth from the producing nations to the consuming nations
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