With the global weakening of dollar against the rupee making a dent in revenues, hotels across the country have decided to charge their domestic and international customers in rupee.
The Indian Hotels Company Ltd, operating the Taj brand of hotels, on Wednesday said it expects revenue from its International operations to be one third of the total revenue in the next five years
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.
P K Krishna Das, the Kerala Member of Parliament who was trapped at Mumbai's Taj Mahal Hotel, was rescued by the police and NSG commandoes at 9.45 am on Thursday. "It has been nightmarish 12 hours for me and two other MPs. The whole thing started around 0945 last night. We were about to have dinner at the Shamina restaurant. Suddenly, two gun-wielding men appeared out of nowhere and started shooting indiscriminately. I ducked under a table along with some others."
Scores of Tibetans staged a protest on Friday morning outside HotelTajPalace where Chinese President Xi Jinping and his wife are staying.
Darbar is scheduled to release on Pongal (which falls in January) 2020.
Maharashtra Chief Minister Vilasrao Deshmukh on Thursday said there is no hostage-like situation at any hotel where people have locked themselves in their rooms for safety after the attack by terrorists on Wednesday.
With the spate of businesses turning their attention to Ayodhya, land rates have shot up, in some pockets by as much as 10 times. Whether one walks into a hotel lobby or sits down for a meal, land deals are being discussed at every other table -- one on one or among groups.
Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.
A day after terrorists besieged Mumbai on November 26, 2008, Rakesh Chawan had reported to work as private security guard of MPI at his posting at the Taj Mahal Hotel, one of the sites of the horrific attacks. Little did he know that a few hours later he would come face-to-face with one of the terrorists holed up inside the hotel.
How the Ginger chain of hotels plans to go places.
The plush Taj Exotica hotel cited lack of rooms for not being able to accommodate them.
What India's top restaurants are doing to satisfy your food cravings.
The 176-room Taj Palace Hotel,currently being constructed, is located in the central business district of Cape Town and will cost about $65-million or about Rs 500 million.
Marlyn Dustonwa is suspected to have committed suicide between 9 pm and 10 30 pm on Wednesday.
The second edition of the Critics Choice Shorts and Series Awards honoured short films and Web series, and was held on a grand scale at the Taj Hotel in Santa Cruz, north west Mumbai.
Nehru decided to build The Ashok in New Delhi to host a UNESCO conference. For a prime minister focussed on India building with projects like the Bhakra-Nangal Dam, IITs and factories, "the hotel spoke of the gumption of the country at that time." Manavi Kapur traces the eventful journey of the hotel, which has now completed 60 years.
Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead. On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation. However, analysts suggest investors put their best foot forward and buy these counters only on a decline given the recent rally and economic headwinds.
We are the team that everyone wants to beat, says India captain Kohli.
Infamous 26/11 reconnaissance operative David Coleman Headley will be questioned again between March 22 and 25.
Matcha tea lovers, this recipe is meant for you!
The lobby of ITC Maurya has several artworks by 20th century masters like Krishen Khanna, Akbar Padamsee, Tyeb Mehta and M F Husains. It has everything going to become India's first art museum hotel.
'India has established probable cause to prosecute him for his role in terrorist attacks that resulted in 166 deaths and 239 injuries'
It was mostly used for corporate parties, meets, weddings and receptions.
'Doing this film has made me a lot less selfish.' 'When you understand the value of a man, who always said others first before himself, some of that ends up seeping into you.'
Marriott has the best breakfast in town. New Delhi airport has the best stores. Kishore Singh on the good, bad and worst among hotels, airports and airlines.
A single lie saved him on November 26, 2008. The chairman of a private bank, who had been taken hostage by terrorists at Hotel Taj on the fateful day, recounted his moving and gripping escape to the special court that was hearing the terror attack case on Thursday.
These deep-fried Corn Cheese Balls can be made from scratch in less than 40 minutes.
The company will raise Rs 844 crore through a rights offer for equity shareholders, while it will mop up Rs 900-1,080 crore through a similar offer for unsecured convertible debenture-holders.
Moshe was only two when terrorists killed his parents at Mumbai's Jewish house. Then 'Baby Moshe' became a face of the innocent victims of ruthless terrorism.
S Kalyana Ramanathan visits Grosvenor House to see why Sahara paid pounds 470 million for this pre-World War II hotel.
Terrorists, who struck Mumbai had set up an advance control room in the luxury Taj and Trident(Oberoi) hotels and had done prior reconnaisance, a Union Cabinet minister said on Thursday.
'We began hitting Kasab hard.' 'In the melee it struck me that the man we were beating to pulp should remain alive.'
For killa vibes in black look no further than Disha.
Former England batsman Kevin Pietersen says two-time World Cup-winning skipper Mahendra Singh Dhoni is arguably the greatest captain ever. India tasted huge success under Dhoni, winning the 2007 World T20 and the 2011 World Cup at home.
'Don't be surprised if the Census forms come with a caste box.' 'I will be surprised if it doesn't. It will be a point conceded to Rahul Gandhi and his allies,' asserts Shekhar Gupta. The BJP machine could take all 3 in its stride, but this election has changed that, notes Shekhar Gupta.
