Travel portals see 15% surge in booking for festive weekend.
ET was the first to report in its edition dated October 9 that talks between Brookfield and lender JMFARC (JMFARC) for a deal to save Hotel Leelaventure were advancing.
The partnership aims to reach approximately 100,000 Indians with training to spot false information and provide tips and tricks to stay safe on WhatsApp.
ET had reported previously that entities such as Oyo had expressed interest in acquiring Keys Hotels, a mid-market chain that owns and operates properties in India.
Confederation of All India Traders said it launched a national campaign among the trading community to boycott Chinese goods.
Vikas Chadha had been associated with Berggruen for the last 8 years in various capacities.
In a notification to the Bombay Stock Exchange on Thursday, Lemon Tree said the final consummation of the transaction shall be subject to due diligence and obtaining requisite approvals.
In December last year, Lemon Tree Hotels announced that it has formed a joint venture with an affiliate of Warburg Pincus to create a co-living platform.
Founder Ritesh Agarwal said losses as a percentage of realised value (Oyo Hotels’ sales run rate) are reducing year-on-year from 44.5% in financial year 2016-17 to 20.3% in financial year 2017-18.
EaseMyTrip started operations in 2008 as a B2B business wherein it received deposits from offline travel agents to buy tickets in bulk from different carriers.
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