The domestic hospitality industry is looking to 'fly' in 2023 cashing in on India's G20 presidency, having received the 'oxygen' to run in 2022 after being crippled in the past two years by the pandemic. Domestic travel, especially the leisure segment, gave wind to the industry this year and is expected to continue into the next. Industry players believe that as international arrivals are also likely to pick up even further, the outlook for 2023 is buoyant.
Infosys Technologies Ltd, India's No. 2 software services exporter, said on Friday its board will consider on Sunday a plan to ‘sponsor’ an issue of American Depositary Receipts against existing equity shares.\n\n
The BJP has the maximum number of such politicians.
'No Indian political party functions in a democratic way.'
Congress a distant second with Rs 198.16 crores.
Andhra Pradesh's Chandrababu Naidu has emerged as the wealthiest chief minister with declared assets worth over Rs 177 crore, followed by Arunanchal Pradesh's Pema Khandu (over Rs 129 crore) and Amarinder Singh of Punjab (over Rs 48 crore).
The divestment of government holding in Bharat Petroleum Corporation and National Aluminium Company would be undertaken simultaneously in the Indian and American markets, according to Communications and Divestment Minister Arun Shourie.
Among MLAs with criminal cases, 33 have declared serious cases including cases related to murder, attempt to murder, dacoity, robbery etc.
Former India all-rounder Yusuf Pathan was on Tuesday handed a five-month retrospective suspension for failing a dope test, a sanction which will end on January 14, after the Board of Control for Cricket in India accepted that the violation was inadvertent.
Regional political parties received a total of Rs 91.37 crore in donations in 2016-17.
The 15 Indian entities listed on the New York Stock Exchange and Nasdaq saw their cumulative market value plummet.
According to the ADR analysis, during the period 2016-18 business houses donated a total of Rs 985.18 crore, constituting 93 per cent of the total contribution to political parties from known sources.
Kaur had also taken part in the 5000m race in Patiala and finished fifth. She had also won a silver in 5000m in the National Inter-State Championships in Guwahati in 2018.
The ruling party received Rs 742 crore in 2018-19, a rise of 70 per cent from the previous year.
Nineteen political parties, including the Bharatiya Janata Party and the Congress, received over Rs 1,100 crore during assembly polls in five states and Union territories in 2021 and spent over Rs 500 crore, a big chunk of which went towards advertisements and travel expenses for star campaigners, a study said on Friday.
The Reserve Bank of India said on Sunday it would allow investors who sell their local shares to companies for conversion into ADRs and GDRs to keep the money from the sale in a foreign currency account.
The Chief Justice of India, Justice N V Ramana Saturday said the Legislature needs to revisit laws and reform them to suit the needs of time and people so that they match 'practical realities'.
A special investigation team of the CBI, consisting of officers, other personnel and also forensic experts, landed in Mumbai on Thursday evening to take over probe into the high-profile case which has received much media attention.
Income of political parties from known donors was Rs 1,835.63 crore, which is 16 per cent of their total income.
According to a report by the Association of Democratic Reforms, the ruling party's assets rose to Rs 1,483.35 crore in 2017-18 over its previous financial year's declaration of Rs 1,213 crore.
The mood at the Hotel Investment Conference South Asia (HICSA), the annual hospitality industry conference was rather upbeat. But hotel brand operators and owners remain cautiously optimistic of the outlook and are living on a hope that a third wave of the pandemic doesn't become a reality. Having just survived the unprecedented zero revenue situation, the two day confrence organised by consulting firm Hotelivate, was dotted with anecdotes and best practices adopted by the hotels of all hues.
As many as 1,500, or 19 per cent, of all candidates contesting the Lok Sabha polls, face criminal cases, according to an analysis by election watchdog Association for Democratic Reforms (ADR).
After a better-than-expected Dussehra weekend, hospitality firms are hopeful of ending the year on a positive note by doing good business over Christmas and the New Year. Typically, year-end bookings kick in two to four weeks before the season begins. Owing to pandemic-related uncertainties, hotels are seeing a significant reduction in the booking window, with travellers waiting till the last minute to make hotel reservations.
BJP received chunk of the funds at Rs 437.04 crore, while Congress got Rs 26.65 crore.
Chief Minister Harish Rawat's asset saw an increase of over Rs 1 crore from 2012 to 2017, ADR said.
With the Yogi Adityanath government taking credit for cracking down on criminals and making it an election issue, political parties are now having a rethink on aligning with those who have a criminal background but also enjoy influence in their areas.
As per the report, out of 612 candidates, 168 (27 per cent) are crorepatis.
The government is likely to sell 20 per cent of its equity in Bharat Petroleum Corporation Ltd in the overseas market while another 15 per cent stake would be offloaded in the domestic markets.
Twenty-three per cent or 244 candidates have declared serious criminal cases against themselves, it said. Serious criminal cases are non-bailable offences with over five years of imprisonment.
'On an average we have been getting four to five such proposals a month, but we aren't pursuing them as they don't tick the boxes.'
Six national parties collected 86.91 pc (Rs 1,041.80 crore) of their total income from voluntary contributions for 2017-18.
It keeps getting harder every day for the government to drive its narrative that ample jobs are being created. They sound increasingly silly as they try to defend the indefensible, says Mahesh Vyas.
'We have reached a new low.'
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