Delhi Chief Minister Arvind Kejriwal says surge pricing is daylight robbery and no responsible govt can allow that.
The broader NSE Nifty reclaimed the 11,600 level, zooming 326 points or 2.9 per cent to settle at 11,600.20. Top gainers in the Sensex pack included Bajaj Finance, L&T, Asian Paints, ITC, Axis Bank, Kotak Bank, ICICI Bank, HDFC twins, Maruti and SBI, rallying up to 8.70 per cent.
With Onam and Raksha Bandhan just around the corner, the festival season is ready to kick off in full swing. As people embrace the celebratory spirit, companies anticipate a surge in sales this year. Consumer durables firms are expecting strong growth of 40-50 per cent in the premium segment during the upcoming season. Appliance makers also foresee increased demand for cooling appliances - refrigerators and air conditioners - which were impacted by unseasonal rainfall.
The domestic hospitality industry is looking to 'fly' in 2023 cashing in on India's G20 presidency, having received the 'oxygen' to run in 2022 after being crippled in the past two years by the pandemic. Domestic travel, especially the leisure segment, gave wind to the industry this year and is expected to continue into the next. Industry players believe that as international arrivals are also likely to pick up even further, the outlook for 2023 is buoyant.
The cess levied on top of the maximum 28 per cent tax rate on petrol vehicles with capacity to carry 10-13 persons has been reduced to 1 per cent and the same for diesel vehicles has been cut to 3 per cent.
Holidayers' plans have gone topsy-turvy of late and the options have got limited.
Others taxed at 5, 12, 18, 28%
All 40-odd rooms at the resort have been booked for the guests from Jharkhand for the next two days, Congress sources said.
From 0% to 28%, here's the breakup of what attracts how much GST.
'Fashion brands that have leading stars as brand ambassadors spend a fortune on showcasing them.'
Intimate getaways offered in the form of homestays by hotels are proving to be the flavour of this extraordinary and difficult time. Not far from cities, they offer a pleasant respite from homebound lives, says Pavan Lall.
This palatial suite, with Italian marble floors, furnished with antiques (ranging from Belgian chandeliers to British era artifacts), original paintings (that were restored by a battery of artists after they were damaged in the terrorist attacks) and old-style grandeur, offers a patio overlooking the harbour, a balcony in the shadow of the Gateway, a master bedroom and a living-dining room.
India is facing no risk of recession or stagflation as macroeconomic fundamentals of the economy are strong, Finance Minister Nirmala Sitharaman said on Monday. Replying to a debate on price rise in the Lok Sabha, she said the GST collection and Purchasing Managers' Index (PMI) are indicating that the Indian economy is getting more robust. The GST collection rose 28 per cent to touch the second-highest level of Rs 1.49 lakh crore in July. GST, introduced in July 2017, touched a record high of Rs 1.68 lakh crore in April 2022.
'Aquaponics can effectively cushion the impact of a calamity like COVID.'
Hotel companies said the conditions are not investor friendly and making money on the property could be tough in the initial years.
The multi-brand strategy could drive profitability to a 25% profit margin in the next five years from 17% now.
The hotel is equipped with new, clean air technology which promises its guests the cleanest air in the city on par with global standards.
Broadcast regulator TRAI on Friday came out with a consultation paper on the need for having separate tariffs for commercial cable subscribers like hotels, guest houses, offices and hospitals
A brand-new hotel located in Canberra, Australia's National Zoo and Aquarium offers an experience unlike another.
The other main contender for the party's CM face was Punjab Congress chief Navjot Singh Sidhu, a Jat Sikh face.
In the 'Additional guidelines for quarantine of returnees from abroad/contacts/ isolation of suspect or confirmed cases in private facilities', released on Thursday evening, the ministry said there are large number of facilities such as hotels, service apartments and lodges which are "unoccupied due to impact of COVID-19 on travel and tourism".
The decision of the Telecom Commission to approve in-flight connectivity won't just bring cheer to the chat-friendly passengers, but even more to the telecom industry facing severe financial stress, says Nivedita Mookerji.
About a month after it was thrown open for bookings, the Games Travel Office (GTO) of the Commonwealth Games does not seem to be generating much response from tourists.
Calling upon the automobile manufacturers, realty firms and airlines to reduce prices, Finance Minister P Chidambaram on Tuesday promised to consider excise duty cut for the sectors which are facing the heat of global financial meltdown.
Modi said his government is carrying out "holistic reforms".
Kejriwal has shown once again that a political party once mandated to ensure governance cannot act the same way it did before assuming power.
A tight interest rate regime and falling demand will induce the suppliers of goods to cut prices and focus on inventory rather than ego. Tight interest rates affect demand too, as in home and vehicle loans, but the hit cannot and should not be taken by consumers, says Govindraj Ethiraj.
Mumbai comes after Hanoi (Vietnam), Warsaw (Poland), Sharm el Sheikh (Egypt) and Bangkok (Thailand).
Whatever society may tell you childlessness is not a bad thing. And here are some reasons why.
Realtors split on possibility of price fall, gold may replace cash in secondary deals.
CLP saw early that the pollution caused by China's rush for industrial growth would lead inevitably to demands for cleaner electricity.
From Dudhwa to Veppathur and Havelock Island, the Indian tourism market is booming like never before.
The US president was received by Lee at the presidential palace Istana, where they were expected to discuss everything from the summit preparations to America's tariff threats.
Besides malls and high-street stores, there's a rush of discounts while you are flying or holidaying in fancy hotels.
Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
