Tata Sons directs Indian Hotel Company to convene EGM to remove Cyrus Mistry as director
In a statement to the Bombay Stock Exchange, IHCL stated it has a received a requisition from Tata Sons to convene an Extraordinary General Meeting.
Anumeha Chaturvedi
Twitter partners with IndiaSpend to launch #Breathe
#Breathe is an independent and real-time air quality monitoring public service initiative on Twitter.
Demonetisation: Luxury Brands like Rolex, Brogue wake up to reality on empty stores
Luxury market woke up to hard reality when shops largely remained empty and many store managers predicted a sharp fall in their sales in the days to come.
Currency notes ban: Smaller hotels, luxury to get hit
The two denominations of currency notes will continue to be accepted in some places until November 11.
Delhi High Court dismisses Leela appeal
The case is linked to payment of the amount for 11,000 square metres of land leased by the airport operator to the hotel chain near Mumbai airport.
Pollution row: Travellers, tourists give Delhi a miss
“This is certainly going to impact the near and midterm plans of inbound travellers coming to the country,” said Sharat Dhall, president of travel portal Yatra.com.
Crucial Indian Hotels Company Ltd board meeting today
The IHCL board is meeting on Friday to consider the September quarter results and Cyrus Mistry will chair the meeting.
Luxury goods firms in wait & watch mode
All that the council has come up with are different tax slabs and it is a bit premature to comment on the impact on the luxury sector.
Hospitality chain EIH releases Q2 results
The company's net sales during the period under review stood at Rs 272.56 crore compared to Rs 299.10 crore in the same period last year, a decline of 8.87%.
Sales of high-end items take a hit this festive season, thanks to black money drive
According to estimates shared by research firm Euromonitor with ET, overall retail value sales of luxury goods in India dropped to 21.7% in 2016 from 24.5% in 2015.
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