The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in fiscal 2023-24 (FY24). Analysts believe there could be more gains in store over the next one year for the stocks in this sector, but suggest investors put in money on a correction only from a long-term perspective. Hotel stocks, according to A K Prabhakar, head of research at IDBI Capital, have seen a good run as travel picked up post Covid in India. Not only have the room rents increased, the occupancy, too, has surged.
Prime Minister Narendra Modi's visit to Sri Lanka is expected to yield at least 10 ambitious outcomes, including a defense cooperation agreement and frameworks for deeper engagement in the energy sector. The visit comes at a time when Sri Lanka is recovering from an economic crisis, with India providing significant financial assistance. Modi and Sri Lankan President Anura Kumara Dissanayake will also dedicate several projects built with India's assistance and virtually inaugurate the Sampur solar energy project.
Tahawwur Rana, a Canadian citizen and native of Pakistan, was extradited to India to face charges related to his alleged role in the 2008 Mumbai terror attacks. The US Department of Justice said Rana allegedly commended the LeT terrorists who carried out the attacks and suggested they should be awarded Pakistan's highest gallantry award. Rana is accused of facilitating a fraudulent cover for his childhood friend, David Headley, to conduct surveillance in Mumbai for the Lashkar-e-Taiba (LeT) terrorist group. He is also accused of helping Headley submit false visa applications to Indian authorities. This extradition follows a lengthy legal process that began in 2020 with India's request for Rana's surrender. Rana, who was previously convicted in the US for providing material support to LeT, will now face trial in India on 10 criminal charges related to the Mumbai attacks.
Tahawwur Hussain Rana, a Pakistan-born Canadian national and close associate of David Coleman Headley, could be extradited to India in connection with the 26/11 Mumbai terror attacks. Rana's travel history in parts of north and south India before the attacks in 2008 is expected to provide crucial leads for the investigation. His extradition would mark the third person to be tried in India for the attacks, after Ajmal Kasab and Zabiuddin Ansari alias Abu Jundal.
ll India Chess Federation (AICF) has offered Vidit Gujrathi and Koneru Humpy to play the remaining matches from five-star hotels.
'Demand in India has been outstripping supply.'
At least 40 to 50 hostages are holed up in one room by six to eight terrorists in the topmost floors of the Taj Mahal Hotel, said a National Security Guards commando involved in the operation. There are 170-odd NSG commandoes involved in the flushing-out operation, said the commando who had stepped out for a breather
The decision was taken at a council meeting on Thursday after the home ministry wrote to the civic body to cancel the company's first right of refusal.
Tahawwur Hussain Rana, a key accused in the 26/11 Mumbai terror attacks, was brought to India on Thursday after being "successfully extradited " from the US, the National Investigation Agency (NIA) said. The 64-year-old Canadian citizen of Pakistani origin landed in Delhi in a special plane on Thursday evening, ending days of speculation of when and how he will be extradited, officials said. The NIA said in a statement that it had secured the successful extradition after years of sustained and concerted efforts to bring to justice the key conspirator behind the 2008 mayhem that claimed 166 lives. Rana is accused of conspiring with David Coleman Headley alias Daood Gilani, and operatives of designated terrorist organisations Lashkar-e-Taiba (LeT) and Harkat-ul-Jihadi Islami (HUJI) along with other Pakistan-based co-conspirators, to carry out the the three-day terror siege of India's financial capital.
With November 22, 23 and 24 being among the most auspicious dates for marriage this year, hotels across the country are all booked, as are wedding-related ancillary services.
'Ratan had the quality that JRD and Russi Mody had -- they could walk with kings and never lose the common touch.'
Maharashtra Chief Minister Eknath Shinde camp's MLAs, Deputy Chief Minister Devendra Fadnavis and others held a meeting on Saturday night after the legislators returned to Mumbai.
To a question about the BJP's next move, as it is the single largest party in the Maharashtra legislative assembly, Patil said, "The next steps will be decided by Fadnavis and Eknath Shinde."
Terrorists of the 26/11 Mumbai attacks had planted two powerful bombs with timers in metal boxes at different places near the Taj hotel with notes scribbled in Urdu saying "Yeh jung ki aur ishara hai" (this is pointer to war), a witness told the trial court in Mumbai on Wednesday.
Taj Group of Hotels will invest about Rs 1,000 crore (Rs 10 billion) for building four hotels in Bangalore.
Maharashtra cabinet on Thursday passed a resolution urging the central government to confer 'Bharat Ratna', the country's highest civilian award, on legendary industrialist late Ratan Tata.
Nicholas Pooran and Naveen-ul-Haq visit the Taj Mahal.
The 11th edition of the Mercedes-Benz Classic Car Rally in Mumbai on Sunday featured headturners that left the audience gasping in awe. Rajesh Alva/Rediff.com presents a ringside view.
With demand drying up, hotels are surviving on quarantine centres and isolation facilities.
Briti Chatterjee sings Bangla folk songs on her handmade Dotara. This Durga Pujo, she is booked for 17 shows in pandals across Kolkata.
Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.
Wagging its tail non-stop, the dog with a red collar refused to leave Tata's side, literally clinging to the spot next to the casket.
Shares of Tata Group companies on Thursday rose up to 10 per cent, with Tata Chemicals and Tata Teleservices among the major gainers. Tata Sons Chairman Emeritus Ratan Tata, who played a key role in transforming the group into a global conglomerate, passed away late on Wednesday. He was 86. "Investors can pay tribute to Ratan Tata and the great corporate empire he built by buying stocks like TCS, Tata Motors, Tata Steel, Tata Consumer and Indian Hotels.
Timers of two unexploded bombs found near the Taj Hotel had been set for about five hours following the start of the terror strikes here last week, a senior Mumbai police official said on Wednesday.
US President Trump and the First Lady held hands as they strolled at the Taj complex and later wrote in the visitors' book. They were also briefed about the history and importance of the monument.
The days when clean sheets and a well-stocked minibar were enough to ensure a satisfied customer are long gone, says Frederick Sabty.
The United Nations has dedicated a solidarity tree in remembrance of victims of terrorism with a solemn ceremony that also honoured victims of the 2008 Mumbai attack, on the eve of Prime Minister Narendra Modi's visit to the world organisation.
On another occasion, he recalled, as part of the SPG, he was tasked with the security of the then prime minister Manmohan Singh and assigned the responsibility of escorting Tata from Taj Mansingh Hotel in New Delhi.
While announcing the culmination of operations inside the Taj Hotel early Saturday morning, NSG Director General J K Dutt said Major Sandeep Unnikrishnan, who was killed in action on Friday, played a stellar role in eliminating the terrorists.
There may be a one-on-one meeting between Fadnavis and Netanyahu, after which the chief minister will host a lunch for the Israeli premier and his delegation.
Cash registers are ringing more frequently at hotels and resorts with the return of the big fat Indian wedding after a two-year hiatus. This comes even as the small and intimate ceremonies - which became popular during the pandemic - are also set to keep those employed in the hospitality sector on their toes. As many as 2.5 million marriages are expected to get solemnised during the wedding season that gets underway from next week and stretches on till April, according to industry estimates.
Pakistani-origin Canadian businessman Tahawwur Rana, a key accused in the 26/11 terror attacks case, stayed at a hotel in Mumbai's Powai area for two days in November 2008 ahead of the attacks, where he discussed about the crowded places in south Mumbai with a witness in the case, the police said on Tuesday.
'I always cook from my heart,' says New York Chef Vijaya Kumar who won his third Michelin Star recently.
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.
'I could see the silhouettes of three men on the sixth floor.' 'I pointed them out to the NSG personnel standing beside me and suggested they take them out.' 'They did not have the clearance to fire.'
The strident support from the hotels comes at a time when the industry is itself caught off guard with a sharp dip in both in-bound traffic from foreign markets, reduced domestic traction as well as a total shut-down of MICE business that has led the country top players by market cap to lose over half their value in just a little over a month.
"Her testimony today is a stark reminder to the Council and the international community that justice is yet to be delivered to the victims of several terrorist incidents, including the 26/11 Mumbai attacks," he said in a statement to the Security Council in his national capacity.
'If the Indian government actually delivers on the infrastructure plans, the hospitality sector would double itself by 2025.'
Virender Sehwag unveils Dhoni's secret superstition during the 2011 Cricket World Cup!
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