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.
'When my father travelled 5,000 miles to build a new home in Ireland, I doubt he ever dreamed that his son would one day grow up to become its leader.' Vaihayasi Pande Daniel/Rediff.com profiles Dr Leo Varadkar who will step down as Ireland's taoiseach (prime minister) next week.
A group of Maratha reservation activists torched the first floor of the Majalgaon Municipal Council building and vandalised it in Maharashtra's Beed district, soon after setting on fire the residence of local NCP MLA Prakash Solanke on Monday, the police said.
The splendid rock figures around Cappadocia and the silent, eternal ruins of Ephesus made a trip to Turkey even more memorable.
A battle royale, fought over 15 long years, comes to an end as a prince and a princess -- grandchildren of the legendary Rajmata Gayatri Devi -- get back the Jai Mahal Palace Hotel from their step-uncles.
During the trip, check your bank account and credit card statements regularly for unauthorised transactions.
In a major embarrassment to the Congress-led United Democratic Frontn government in Kerala, state Finance Minister K M Mani was on Thursday booked by the vigilance and anti-corruption bureau in the bar bribe scam.
With this, five people have so far been arrested in the case.
A magnificent Krishna Janambhoomi temple in Mathura was a recurrent theme for the ruling BJP in the run-up to the assembly polls, reports Nitin Kumar.
'The prime minister is talking to his Chachaji and he is crying in the PM's lap, it was such an emotional scene.'
The police have so far recovered bones. Prima facie, they resemble human bones, it said.
Adani Sportsline shelled out a massive Rs 1289 crore for the Ahmedabad team, which emerged the most expensive franchise.
It's the age of the DIY travellers.
'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 fixture was originally scheduled to be played on May 3 but was postponed after violent clashes between fans and police in which more than 100 supporters forced their way into the stadium and stormed the pitch to protest against the club's owners -- the Glazer family.
Chief Minister Sukhvinder Singh Sukhu said efforts are on to rescue the 300 stranded people, and they could be airlifted as the weather clears. Power and water supply has been snapped in several areas.
Microsoft's Indian-origin CEO Satya Nadella, in communication with employees, said the company will align its cost structure with revenue and customer demand.
With extortion, robberies, fake currency and arms smuggling, the homegrown terror outfits may have raised Rs 200 crore.
Manchester United's Premier League match against Liverpool was postponed on Sunday after United fans forced their way into the stadium and stormed the Old Trafford pitch to protest against the club's owners - the Glazer family.
Sisodia also sought to know why BJP leaders are coming out in 'support' of hotel owner Ramesh Kakkar who is a prime accused in the murder case. Giri, however, rubbished Sisodia's allegation that he is an 'accused' in the case, terming it as totally 'baseless'.
The police was granted custody of Poonawala for five more days by a court in New Delhi.
'Our family philosophy is to build a bridge between India and Britain.'
Markets in Uttarakhand's Purola and neighbouring towns remained closed amid heavy police deployment on Thursday in protest against the imposition of prohibitory orders to prevent a 'mahapanchayat' that was scheduled to be held there over alleged incidents of 'love jihad'.
The National Investigation Agency has invoked the Unlawful Activities (Prevention) Act against suspended Mumbai police officer Sachin Waze in connection with the Antilia bomb scare case.
Food in India has fled the confines of the kitchen and become a national adventure... Food shows, now even on news channels, have transformed restaurateurs from humble khansamas to courted celebrities.
BCCI is leaving no stone unturned to hold the upcoming edition of the IPL without any glitch
With the new owner shelling out Rs 18,000 crore for the buyout of 'Maharaja' this would be the highest ever amount garnered through privatisation or even the cumulative sum garnered through strategic sale in 1999-00 to 2003-04. The government had garnered roughly over Rs 5,000 crore during that five-year period by privatising 10 CPSEs.
After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group. With the new owner shelling out Rs 18,000 crore for the buyout of the 'Maharaja', this would be the highest-ever amount garnered through privatisation, and is even more than the cumulative sum mopped up through strategic sales from 1999-00 to 2003-04. The government had in October last year inked the share purchase agreement with the Tata Group for sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
He did not like the first ticket he chose, so he opted for a different one which turned out to be a winner, he said.
The BCCI has told the teams to leave for UAE not before August 20 though some of the teams, including CSK, wanted to leave early.
Hilton has also hired Mallika Rao Bedi, former head of human resources at Oberoi and Trident Gurugram, as its regional head of human resources (Asia Pacific).
While the couple has kept mum about their relationship, according to sources close to the development, the wedding festivities -- starting with sangeet and mehendi followed by the marriage ceremony -- will be held from December 7 to 9.
Edmeades collapsed inside the auction room of ITC Gardenia Hotel
Pulling up the Himachal Pradesh government, the apex court told the state government to implement the law.
The Karnataka government on Saturday mandated a negative RT-PCR certificate that is not older than 72 hours for those arriving in the state by flights, buses, trains and personal transport from Maharashtra, following the recent spike in COVID cases there.
What India's top restaurants are doing to satisfy your food cravings.
Restaurant owners say the skyrocketing prices of onions has made things difficult for them to run the business and they are left with no other option but to pass it on to the customers.
As Inter-Services Intelligence, the notorious Pakistan spy agency infamous for its clandestine support to most of the major terror attacks in India, made its maiden overt presence on Indian soil, curious citizens tried to catch a glimpse of "ISI ka Banda" (the ISI man).
Rinku Singh has become a household name after his sensational power hitting in IPL to help Kolkata Knight Riders clinch victory from the jaws of defeat against Lucknow Super Giants on Sunday.
Awarded the Padma Vibhushan, the Padma Bhushan and the Padma Shri, Pandit Jasraj also popularised semi-classical music like 'haveli sangeet' and reached out to devotees with his 'bhajans', a particular favourite for his fans being "Om Namo Bhagavate" in praise of Lord Krishna.
