Mumbai: Juniper Hotels, which runs hotels under the Hyatt brand, has filed a draft red herring prospectus with Sebi to raise ₹1,800 crore through an initial public offering (IPO). The public issue is entirely a fresh share issue. The company may consider a further issue of shares through private placement for up to ₹350 crore. … Read more
“If you look at the numbers, the Street was at 4.7, we were at 4.6, the number came at 4.4, but largely if I adjust for the revisions in the previous quarters the data was largely as expected,” says Tanvee Gupta Jain, UBS Securities India Pvt Ltd.The government has revised both the FY21 and FY22 … Read more
For scores of foreign football fans, the road to the World Cup in Doha starts every morning at a barren campsite in the middle of the desert. Visitors who found hotels in central Doha booked up or far beyond their budget have settled for the faraway, dust-blown tent village in Al Khor, where there are … Read more
If hybrid work becomes more widespread, it works as a silver lining for Indian travellers. (Representational image: IE) With more travellers increasingly planning weekend getaways and being on the move, the time is ripe for hospitality brands to revisit their own key offerings. If hybrid work becomes more widespread, it works as a silver lining … Read more
“People sitting in 5, 7-star hotels in Delhi criticise how they [farmers] contribute to pollution. Have you seen their earnings per land holding?” Chief Justice of India NV Ramana asked. The Supreme Court said that people in Delhi sit in 5- and 7-star hotels and blame farmers for pollution. (Representative image) A Supreme Court bench, … Read more
A key attraction pertaining to The Postcard Gir Wildlife Sanctuary is not merely that it spans the land of the Asiatic lion, but it is also spread across more than 16 acres of kesar mango orchards. (Image; The Postcard Dewa, Thimphu) With sustainable practices gaining momentum, hotels across the country are bullish about everything that … Read more
Is a wellness centre a hotel or healthcare facility? And should the services offered at these places – weight reduction, ayurvedic treatment or yoga – face the same tax treatment as those offered at top hotels? In what is set to increase the goods and services tax (GST) burden at several healthcare centres, a recent … Read more
At Raffles Udaipur, guests can enjoy a boat ride and watch migratory birds as they enjoy the panoramic hill views across the tranquil lake and a four hundred year old temple. Bleisure travel is soaring across the country. A key question remains: How safe is it to travel now? With many Indians fully vaccinated or … Read more
With cloud kitchens offering affordable options, the once-expensive dining out food bill can be easier on the pocket than ever before. (Image source: ITC Hotels Bengaluru] If the pandemic has turned around and reinforced one major activity in the lives of people, it is the awareness that eating out is no more a casual activity … Read more
Businesses like hotels, civil aviation and tour operators, which are the hardest hit by the second wave of COVID-19, will get help through the expanded Emergency Credit Line Guarantee Scheme (ECLGS), a report said on Wednesday. It will also support build-up of healthcare infrastructure, mainly oxygen availability, in tier-2 and beyond cities and the hinterland, … Read more