Rajiv Jain–backed GQG Partners on Tuesday sold over 1.52 crore shares in JSW Energy via a block deal. The deal was worth nearly Rs 677 crore and the shares were sold at a price of Rs 444 apiece, which was a 2% discount over Monday’s closing price of Rs 453.60. GQG Partners held over 3.12 … Read more
HCL Capital Private Limited emerged as the biggest acquirer of British American Tobacco’s (BAT) stake in ITC Hotels. The NBFC company linked with the Shiv Nadar’s HCL Group on Friday bought 14.58 crore shares worth Rs 2,998 crore via a block deal. In separate block deals, marque investors Nippon India Mutual Fund, Societe Generale, Morgan … Read more
In a conversation with ET Now, market expert Sandip Sabharwal unpacked the recent rupee slide, the US Federal Reserve’s looming rate decision, and sector-specific concerns that are rattling investors as the year draws to a close. IndiGo Turbulence: Short-Term Pain, Long-Term Strength The aviation sector is battling structural issues that go beyond seasonal disruptions. “IndiGo … Read more
As investors brace for the Reserve Bank of India’s policy review this Friday, market strategist Sandip Sabharwal says the broader consumption story is still offering selective opportunities—even though enthusiasm across the market remains uneven. Speaking to ET Now, Sabharwal noted that while frontline indices hit record highs earlier, participation hasn’t been broad-based. Against this backdrop, … Read more
Kolkata-based conglomerate ITC Ltd. has allotted 125.11 crore equity shares of ITC Hotels to its shareholders. The decision was finalized during a Board meeting on January 11, 2025, following a scheme of arrangement between ITC Ltd. and ITC Hotels (ITCHL). In an exchange filing, ITC stated, “The Board of Directors of ITCHL, at the meeting … Read more
PRS Oberoi, 93, popularly known as Biki, never had to go through the struggle undertaken by his father, the legendary Mohan Singh Oberoi who began his career as a lowly-paid employee at Simla’s Cecil hotel. But wealth apart, nothing else in life came easy for PRS, who had to work incredibly hard to expand the … 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
Aloha, Rishikesh World Environment Day 2021: India’s hospitality industry is challenging not only conventional practices but also the image of sustainability itself in the landscape of its hospitality ecosystem. The drive towards sustainability is what pulls many premium leisure hotels to pave the way for innovative and eco-friendly practices. Financial Express Online reached out to … Read more
Recently, ITC Hotels became the world’s first hotel to achieve LEED Zero Carbon certification! (Image source: ITC Windsor) What makes green architecture buildings important in today’s world? Spanning the world at large, green buildings and green architecture are gaining momentum across the world. Take for example, Australia’s iconic Pixel building, which is the country’s first … Read more
Mahesh Ramanujam, president and CEO, USGBC referred to ITC Windsor’s LEED Zero certification as ‘pioneering a new forward for the industry as a whole’ and demonstrating ‘visionary leadership toward a regenerative future.’ Big boost for India’s hospitality segment! ITC Hotels scripts history as the first hotel in the world to achieve LEED Zero Carbon certification! … Read more