ITC's move to demerge the hotel business into a new entity, ITC Hotels Ltd, is a step in the right direction and will allay investor's concerns on the company's capital allocation strategy in the medium-to-long term, said analysts at Morgan Stanley in a note. According to the company, the board of directors has approved in principle the demerger of the hotels business, wherein ITC will hold a 40 per cent stake in the new entity, and the remaining 60 per cent will be held directly by shareholders. The scheme of arrangement shall be placed for approval of the Board at its next meeting to be convened on 14th August 2023.
A probe into e-mails threatening blasts at Narendra Modi Stadium in Ahmedabad and different places in 12 states has unravelled a tale of unrequited love and vengeance allegedly unleashed by a woman executive of an MNC in Chennai to defame a man, leading to her arrest.
For the special screening of their film Aranyer Din Ratri at Cannes, Sharmila and Simi were dressed to the nines.
'Only those who live through these situations understand the true cost of war.'
Indian-American businessman Sanjay Govil is convinced Twenty20 cricket can be the next big cultural import into the United States, following a trail blazed by yoga and Bollywood-style weddings.
British multinational BAT Plc on Wednesday trimmed its ownership in conglomerate ITC by divesting a 2.5 per cent stake for Rs 12,927 crore ($1.51 billion) through a block deal, according to a revised term sheet accessed by PTI. Following the stake sale, shares of ITC went lower by 1.15 per cent to trade at Rs 421.15 apiece on the NSE.
If the only superpower, which calls India an ally, sees the region through an India-Pakistan prism, it is unacceptable. Rather than endorse India's sphere of influence, this undermines it, asserts Shekhar Gupta.
Adequate police deployment has been made in the area around the hotel and entry and exit restricted on the roads leading to the hotel.
The Indian Olympic Association's athletes commission chairperson and boxing legend M C Mary Kom on Tuesday denied reports that she has resigned from her position.
Rasha Thadani knows how to mix business with pleasure.
'We're noticing all surface-to-missile sites that were just sitting there ready to go.'
Twice Olympic 100 metres medallist Fred Kerley has been arrested for allegedly punching hurdler and ex-girlfriend Alaysha Johnson in the face, police said on Friday, and, as a result, he will not compete in the Grand Slam Track event in Miami this weekend.
The tone of the film may be gloomy but it is never tragic or hopeless. Like millions of underprivileged people who find joy in small things, Shanu, Bua and their mother keep their heads above water, notes Deepa Gahlot.
'Iranians admire Indian cinema and often mention Amitabh Bachchan and Shah Rukh Khan when you meet them.'
With demand drying up, hotels are surviving on quarantine centres and isolation facilities.
With just four trading sessions to go for the ITC-ITC Hotels demerger record date shares of ITC continue to consolidate in a thin range of Rs 460 - Rs 480 in an otherwise volatile equity market. On Tuesday thus far despite a near 1 per cent fall in the Sensex and Nifty; ITC traded on a flat note. ITC had set the demerger ratio at 1:10 - meaning 1 share of ITC Hotels for every 10 shares of ITC as of the record date January 6, 2025.
'Be it tourist guides, hotels, rickshaw drivers, all have a livelihood thanks to Shah Jahan.'
The labourers, who are said to be of Nepali origin, were engaged in the construction of a hotel.
The Congress on Monday shifted all its MLAs to a hotel ahead of the biennial election to fill four vacancies from Karnataka in Rajya Sabha apparently to keep the flock together.
Customised restaurant recreations, cafe setups, pop-ups by Michelin-star chefs, bespoke table linens with monograms and couple-themed hashtags.
'Consumers are willing to increase travel spends by 20-30 per cent versus pre-pandemic.'
Kunal Kamra has accepted money from Uddhav Thackeray and is targeting Eknath Shinde, Mhaske alleged.
India will begin its campaign on October 8 against Australia in Chennai.
If he doesn't apologise, we will speak to him in our own style. Shiv Sena won't leave him. We won't tolerate this insult
'I bought tickets for the function but was not even able to enter the stadium. Police suddenly blocked all the roads and closed all the entrances to the venue, and suddenly they started lathi-charging near the main gate.'
Dilip Doshi had great success on Indian tracks but it was the tour of Australia in 1980-81 where he picked up 11 wickets (6 in Adelaide and 5 in Melbourne) in more than 150-plus overs on non-responsive pitches.
It is learnt that Faiyaz Ansari drowned in the swimming pool of the hotel on June 21.
'Who gave the Tatas the right to discontinue technically sound practices related to safety and security?'
"Kamra merely expressed his views. He stated the facts and voiced the public opinion," Thackeray told reporters at Vidhan Bhavan in south Mumbai.
India and the US desire to give preferential market access to each other's businesses and teams of both the countries are working together on the proposed bilateral trade agreement, Commerce Minister Piyush Goyal has said. In February, US President Donald J Trump and Prime Minister of India Narendra Modi announced plans to negotiate the first tranche or phase of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) of 2025.
Devika Rotawan, a survivor of the 26/11 Mumbai terror attacks, has demanded the death penalty for Tahawwur Hussain Rana, a key accused extradited from the US. Rotawan, a key witness in the case, identified terrorist Mohammed Ajmal Kasab in court during the trial. She believes the extradition is a "big win" for India and called for further action against other conspirators in Pakistan.
The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.
Global hospitality major IHG Hotels and Resorts saw its business surpass pre-pandemic levels in 2023 on the back of "unprecedented growth" in the tourism industry, a senior company official said. The UK-headquartered company, which operates Holiday Inn, Holiday Inn Express, Crowne Plaza and luxury brands like Intercontinental and Six Senses in India, launched its premium lifestyle brand voco in January this year, with the first property set up at Jim Corbett in North India. The group, in total, signed 15 new deals in 2023.
Around 300 athletes were expected to compete in four snow sports -- ski mountaineering, alpine skiing, snowboard, and Nordic skiing -- in the games, which had been due to be held from February 22 to 25.
Shiv Sena functionary Rahool Kanal has said that comedian Kunal Kamra, who is facing a police case in Mumbai for making a derogatory remark against Deputy Chief Minister Eknath Shinde, will be welcomed in "Shiv Sena-style" when he comes to the city. Kanal also said the party has written to the Mumbai police demanding a probe against Kamra under the Foreign Contributions Regulation Act (FCRA) over foreign funding and unaccounted money. Kamra was summoned to appear before the Mumbai police on March 31 in a case related to derogatory remarks against Shinde. The Madras High Court granted interim anticipatory bail to the comedian on the condition that he execute a bond to the satisfaction of the judicial magistrate at Vanur in Villupuram district in Tamil Nadu.
In a continued push to spiritual tourism, there will be a focus on destinations related to the life and times of Lord Buddha.
Taking cognisance of incidents of spitting and mixing of urine in eatables in Uttar Pradesh, Chief Minister Yogi Adityanath on Tuesday directed that the name and address of operators, proprietors and managers should be mandatorily displayed at all food centres.
The Old War Office (OWO) of Britain's World War II era prime minister Winston Churchill opened its doors as a brand-new luxury hotel in London with a glittering launch event, complete with surprise musical performances by musicians Lord Andrew Lloyd Webber and Andrea Bocelli. Princess Anne - the Princess Royal, the sister of King Charles III, officially unveiled the plaque for The OWO after a tour of the hotel with Hinduja Group co-chairman GP Hinduja on Tuesday evening. British Prime Minister Rishi Sunak also made a quick stopover, along with parliamentarians, entrepreneurs, hoteliers and stars of film and television.
A stranded passenger said that all of them were sitting on the floor and there were no blankets available.
Jammu and Kashmir Chief Minister Omar Abdullah announced plans to build a memorial in Baisaran, Pahalgam, in memory of the 26 victims of last month's terror attack. The memorial will serve as a lasting tribute to the victims and a reminder that they will never be forgotten. Abdullah also addressed the importance of reviving tourism in the state, assuring tour operators that tourist destinations will reopen in a phased manner.
