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GIC begins talks with GVK Power to buy its stake in Indian Hotels joint venture

Singapore fund looks to consolidate position in Indian realty, hospitality space; GVK aims to cut debt.

CCI calls meeting with restaurants’ body, EY to discuss ecommerce policy

The objective is to understand issues and trends in the context of growing ecommerce activities.

Sarovar Hotels to add 16 properties across India by 2019-end

The company currently manages 73 hotels in India and three overseas with around 6,000 rooms.

Shangri-La plans 5 more hotels in India

The hospitality company is evaluating locations including Mumbai, Goa, Kolkata and Hyderabad, said its executive VP for the Middle East, India & Indian Ocean, John Northern.

Rising airfares, general elections left many a room vacant

Foreign tourist arrivals increased by 1.9% to 3.93 million in the first four months of 2019 after registering subdued growth in 2018, according to the tourism ministry.

Restaurants’ body keen to develop a training institute for industry in Kolkata

The training infrastructure will, in time, become a platform for training and creation of new work force ready to operate in the food sector.

InterGlobe in talks to buy Burger King’s India franchise

Deal valued at Rs 1,400 crore at advanced stage; rival suitors have backed out due to steep price.

NCLT hearing on Leela-Brookfield deal: Need another 3 months to finish the probe, says Sebi

ITC is seeking a waiver on equity-ownership threshold to be eligible to file a case against the embattled provider of luxury leisure accommodation.

Hardcastle eyes Rs 2,500cr topline, 400 McDonald's stores by 2022

Westlife Development that owns Hardcastle Restaurants had reported a revenue of Rs 1,401.6 crore in FY19.

Indian café chain market will reach Rs 4,540 cr by 2023: Report

On the other hand, aerated beverage makers are looking to diversify their businesses as consumers world over increasingly opt for healthier options.

Lemon Tree Hotels to launch upper midscale brand in Mumbai

The hotel will have 303 rooms and suites and the accommodation options will include deluxe rooms, executive rooms, premier rooms, studio suites and an executive suite.

OYO warns of legal action against vested groups for tying to disrupt business

OYO warns of legal action against vested groups for tying to disrupt business

The company "cannot and will not let anyone hamper the customer experience.We will take strict legal action", Mathur said.

ITC trying to scuttle deal with Brookfield, claim Leelaventure promoters

ITC trying to scuttle deal with Brookfield, claim Leelaventure promoters

ITC, which held a 7.92% stake in Leelaventure at the end of March as per stock exchange data, had moved the NCLT, complaining oppression of minority shareholder interest.

KFC India to sell 61 more stores to Jaipuria-owned Devyani International

KFC India to sell 61 more stores to Jaipuria-owned Devyani International

National Restaurant Association of India estimated the food service industry at Rs 4.2 lakh crore in 2018-19, and forecast to grow 9% by 2022-23 in a report released last month.

Leela, ITC slugfest: What happens to investors

Leela, ITC slugfest: What happens to investors

Why has ITC filed a petition against Hotel Leela ventures? Who could possibly win in this slugfest? Maulik Vyas of The Economic Times explains.

ITC wants to buy Hotel Leela’s assets for song: JM Financial ARC

ITC wants to buy Hotel Leela’s assets for song: JM Financial ARC

The counsel for JM Financial ARC said that even after knowing the financial health of Leela, ITC Hotels has been picking up stake in the company between 2008 and 2013, acquiring 13 percent.

HOTELS / RESTAURANTS STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty Services Sector16460.7-270.45-1.610
Indian Hotels Company145.05-2.85-1.93729550
EIH168.50.70.42119684
Thomas Cook (India)185.6-3.65-1.93142514
Chalet Hotels323.2510.23.2648219
Jaypee Hotels Ltd.(Merged)229.1500211952
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