When Indian Hotels Chairman Ratan Tata told shareholders at the annual general meeting earlier this week that the hotel chain, which operates the Taj group, continues to be impacted by the slowdown, he was merely echoing what P R S Oberoi, his counterpart at the East India Hotels (EIH), had said recently.
He would often cross the railway tracks next to the Wankhede stadium just to catch a glimpse of the top Mumbai players. Today, a stand at that very stadium bears his name.
Many travellers are now opting for domestic destinations like Goa, Kerala, Rajasthan, Lakshadweep, Himachal Pradesh, and the North East.
The Ministry of External Affairs (MEA) said it is verifying details of deportation flights to Panama and Costa Rica, which were undertaken as part of a bridge arrangement between the US and the respective governments. The MEA spokesperson said that India is in touch with the local authorities in Panama and Costa Rica to ensure the return of any Indian nationals who may have been deported.
Indian Hotels, which owns the chain of Taj hotels and East India Hotels, may gain from a tax court ruling that allows hoteliers to claim depreciation and tax benefits on imported cars which are used to ferry tourists.
Indian Hotels, which owns the luxury Taj brand of hotels, may see its profit decline 47 per cent to Rs 200 crore (Rs 2 billion) from Rs 377 crore (Rs 3.77 billion) last year for the fiscal ending March. EIH, a part of the Oberoi Group, is likely to see a profit figure of Rs 154 crore (Rs 1.54 billion) from Rs 223.6 crore (Rs 2.23 billion) , a fall of 31 per cent, a survey of analysts has said.
'Consumers are willing to increase travel spends by 20-30 per cent versus pre-pandemic.'
Comedian Kunal Kamra has been granted interim anticipatory bail by the Madras High Court in a case filed against him for allegedly making defamatory remarks against Maharashtra Deputy Chief Minister Eknath Shinde during a stand-up comedy show. Kamra, who resides in Tamil Nadu, was summoned by the Mumbai Police and feared arrest, prompting him to seek bail from the Madras HC. The court granted him bail until April 7, on the condition that he executes a bond to the satisfaction of the judicial magistrate at Vanur in Villupuram district, Tamil Nadu.
'If the Indian government actually delivers on the infrastructure plans, the hospitality sector would double itself by 2025.'
Was this Chennai? Or Singapore? There's an area in Singapore that looked like a suburb of Chennai.
Inflencer and vlogger Shenaz Treasury chooses her favourite quiet spots.
During 2023-24, while the BJP received over Rs 723 crore worth of donations from Prudent Electoral Trust, it also got over Rs 127 crore from Triumph Electoral Trust and over Rs 17 lakh from Einzigartig Electoral Trust.
'Communist China continues to aggressively expand its domain in the Indo-Pacific region.' 'It's crucial for the USA to continue its support in countering these malicious tactics.' 'India, along with other nations in the region, is not alone.'
Cleartrip acquired Saudi travel firm Flyin last July and it provides bilingual ground support service and itineraries for inbound tourists.
Reports said that hurricane Beryl, originating in the Atlantic, had intensified with maximum sustained winds of 210 kmph.
Police said a 'fool-proof' security plan has been chalked out for India and Bangladesh cricket teams which are supposed to arrive in Kanpur on Tuesday.
Uzbekistan lives comfortably in several centuries but is also a forward-looking nation, Deepa Gahlot discovers on a visit to this Central Asian country.
The Securities and Exchange Board of India (Sebi) plans to roll out a new regulatory framework for registrar and transfer agents (RTAs) - the market intermediaries responsible for the record-keeping of bondholders and shareholders after a company offers securities to the public. The markets regulator, sources said, is considering a multifold increase in net-worth requirement, a move that may dissuade companies from having in-house RTAs for record-keeping. At present, the minimum net worth required for RTAs is Rs 50 lakh and Rs 25 lakh in categories I and II, respectively.
'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'
The beautiful hill station of Shillong, known for its natural beauty and rich culture, has been named the most popular travel spot in India for 2025.
One of the world's oldest seats of learning, the ruins of Nalanda University are a true wonder!
Bangladesh is in turmoil, which is not good news for India, which shares a porous 4000 km border with it. There is a danger of fundamentalism growing there, and India has to move in to reset its ties with the new dispensation before China and Pakistan make capital out of it, alerts Ramesh Menon.
Hospitality chain has 12 hotels in the country.
The first 150-200 room Fullerton Hotel would come up in Kolkata, at a heritage building on the Ho Chi Min Sarani, as a joint venture with a Kolkata-based non residential Indian, said Chia Boon Kuah, executive director, Far East Organization, after a press conference in Kolkata on Saturday. The company was scouting heritage sites in Mumbai and Delhi also for similar projects, he said.
Total room strength to be 12,000 from the present 2,334.
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.
The overall management responsibility is handed to close aide Shib Sanker Mukherji. The patriarch will be an advisor and guide, and will retain chairmanship of the company.
She has been described as Reliance's real programme manager.
Air Marshal Denzil Keelor was an Indian Air Force legend. His nephew Basil Keelor, son of another war hero Wing Commander Trevor Keelor, remembers a remarkable officer and gentleman.
The key risks against a fast recovery would include long delays in business travel resumption, delays in commissioning, etc.
The hotel giant is looking at having an exclusive arrangement with Pune-based Mulshi Springs -- a company that bottles natural spring water. The brand will be called Oberoi Spring Water and a formal announcement is expected soon. The packaged spring water will be available in 200 ml, 500 ml, 1 litre and 1.5 litre pet bottles priced between Rs 50 and Rs 200 respectively. "Water will be sourced from a rain forest near the Sahara Amby Valley," added the official.
East India Hotels chairman P R S Oberoi on Saturday said that the group hoped to reopen its Trident hotel at Mumbai's Nariman Point earlier than the adjacent Oberoi hotel, though an assessment of the damage caused by the terrorist attacks was yet to be completed.
'Manipur is critical to India's Look East policy.' 'It's a strategic state. In the Second World War, the Japanese entered Manipur through Burma.' 'China can use the same direction to approach India.'
The promoters of East India Hotels Ltd, owners of the Oberoi brand and the largest hotel chain after the Tata-owned Indian Hotels and ITC Welcome Group, are in advanced discussions with leading corporate houses and private equity firms to divest a strategic stake, possibly 26 per cent.
Mongolia can take a lifetime to happen but rewards the intrepid traveller with enduring memories of a surreal, delightful land.
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