After a two-year lull, the deal pipeline in India's hospitality sector, which has witnessed a strong revival since the second wave of the pandemic receded, is running full. Family offices, high net-worth individuals (HNIs) and institutional investors are looking at the sector with renewed interest, according to investment and transaction advisory firms working on multiple deals. Most of them declined to divulge details of the deals for reasons of confidentiality. The cumulative debt of the tourism, hotels and restaurant sector rose 8.2 per cent year-on-year (YoY) to Rs 64,408 crore as of March 25, 2022 against Rs 59,519 crore on March 26, 2021, according to the Reserve Bank of India.
A joint venture of the Indian conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn signed a memorandum of understanding with the Gujarat government on Tuesday to set up a semiconductor and display manufacturing unit in the state.
Friday's 1-1 draw left Newcastle 18th on two points and piled more pressure on manager Steve Bruce while Leeds are 16th on three points after they missed a string of chances in an action-packed first half.
With the fresh wave of COVID-19 plunging the hospitality sector back into uncertainty, industry body HAI on Monday said it has asked the government to consider granting infrastructure status to hotels, extend moratorium on loans and rationalise taxes. In its pre-Budget memorandum, the Hotel Association of India (HAI) said policy interventions are imperative for the sector's survival and its early and quick rebound to normalcy. "The hospitality industry was slowly getting into a recovery mode on the strength of domestic tourism - leisure and events, only to be plunged back into uncertainty on account of the Omicron threat.
With Virat Kohli stepping down as India's Test captain, the reign of the country's "most successful captain" in the longest format came to an end.
14-year-old squash sensation Anahat Singh, among the youngest to represent India at the upcoming 2022 Commonwealth Games, hopes to bump into her role model P V Sindhu over the course of her stay in Birmingham.
The country's first ever carmaker, Hindustan Motors, is looking at a second coming. Talks are on for a joint venture with a European auto company focused on the electric vehicle (EV) space. A memorandum of understanding (MoU) has been signed and due diligence is expected to start shortly and will take 2-3 months to conclude.
Lukaku's comments on being unhappy at Chelsea 'unhelpful': Tuchel
'Saina and Sindhu are top contenders, but they will have to beat players who are playing solid badminton at this juncture.'
Legendary South Africa batter Hashim Amla says more "collective experience" in the Indian side was one of the key factors in the visiting side's comfortable victory in the series-opener at Centurion.
South Africa still need 211 runs on Thursday, the last day of the match, to win the first Test against India, with six wickets in hand.
Aseem Chhabra highlights 10 films that moved him, films that may show up in theatres near you.
By the time they turned 40, Prithviraj Kapoor had done about 50 films, Raj Kapoor about 46 films and Rishi Kapoor about 80 films. As Ranbir Kapoor turns 40, Deepa Gahlot explores the Kapoors cinematic landscape to find out where the young actor stands in comparison to his great grandfather, grandfather and father.
It was heartening to see so many women -- young and old, many in hijab and burqa shaking their bodies, raising their arms and singing with complete abandonment.
It is for the investigating agencies to probe all aspects of the assassination, including a possible Chinese hand, or if the killer was just a disgruntled element who acted on his own and wanted to earn some dark space in history like Nathuram Godse or Lee Harvey Oswald, notes Japan expert Rajaram Panda.
The South African women's team's top-order fired in unison and helped their team clinch the five-match series against India with a comprehensive seven-wicket victory in the fourth ODI, in Lucknow, on Sunday.
According to a survey, employees who slept 16 minutes less than usual experienced more cognitive issues at work the next day.
IMAGES from Day 1 of the 1st Test played between South Africa and India at Centurion on Sunday.
The Indian men's doubles pair of Satwiksairaj Rankireddy and Chirag Shetty suffered a straight games defeat to the world No. 1 Indonesian pair of Marcus Gideon Fernaldi and Kevin Sanjaya Sukamuljo in their second Group A match at the Tokyo Olympics on Monday.
A summary of Sunday's action in the Premier League.
Nancy Pelosi's gritty refusal to backtrack on her plans to visit Taiwan is part of who she is.
With a million-odd electric vehicles (EVs) - two-wheelers, e-rickshaws, buses and passenger cars - expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components - the high-powered lithium-ion battery and the cells which go with it, the electric motor, and the electronics powered by chips - account for nearly 60 per cent of the cost of an EV.
The four-time Olympic champion finished first at the end of the US Olympic gymnastics trials in St. Louis, Missouri on Sunday.
You'll be spoilt for choice on OTT this week. Sukanya Verma lists everything you simply cannot afford to miss.
Images from Saturday's action in the Premier League.
The script remained the same in the second game as well, with Sindhu maintaining her firm grip over the proceedings to race to a 6-0 lead in just two minutes.
Jonny Bairstow led England to within 40 runs of South Africa's first innings total, with seven wickets in hand, on the first day of the second Test at Old Trafford on Thursday.
Sen won his second round contest 21-17, 21-10, taking 72 minutes to complete the formality.
Why hasn't India produced a single earth-shaking idea like Python or the World Wide Web, asks Ajit Balakrishnan.
Images from Day 1 of the third Test between England and New Zealand at Headingley on Thursday, June 23, 2022.
Sen, a product of the Prakash Padukone Badminton Academy, has been in the form of his life for about a year now.
Images from the World Athletics Championships in Eugene, Oregon, on Tuesday, Day 5.
Lock had said on Tuesday that Spanish medical officials thought the positive saliva test may have been a result of him testing positive for the virus in June, about a week after he had his second COVID-19 vaccine dose.
Australian cricket officials were put on alert after the number of cases in the northern beaches outbreak in Sydney reached 28 on Friday.
Expect fun and games on the floor of the two Houses.
Serena Williams signalled she is not quite ready for retirement advancing to the second round of the US Open on Monday with a scrappy 6-3, 6-3 win over Danka Kovinic.
With a report on Uber by the International Consortium of Investigative Journalists (ICIJ) opening a Pandora's box, the company is in a damage-control mode. Distancing itself from the actions of its management pre-2017, Uber, while acknowledging the "mistakes" of the past, has said that under CEO Dara Khosrowshahi, it "is a different company". "There has been no shortage of reporting on Uber's mistakes prior to 2017.
West Indies were on the brink of a stunning victory over England at stumps on day three of the series-deciding third and final Test in Grenada on Saturday.
Manchester City to beat second-tier Sheffield Wednesday 1-0 and reach the FA Cup quarter-finals but Jose Mourinho's problems piled up as his Tottenham Hotspur side were bundled out in a penalty shootout by Norwich City.
Ever since the children's game turned into a Web series on Netflix, it has become a worldwide craze.
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