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ITC Increases Stakes in EIH and HLV Ahead of Hotels Business Demerger

ITC Increases Stakes in EIH and HLV Ahead of Hotels Business Demerger

ITC has increased its shareholding in EIH Limited and HLV Limited by acquiring additional stakes from its wholly-owned subsidiary, Russell Credit Limited. The company purchased a 2.44% stake in EIH’s share capital, comprising 15,232,129 equity

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ITC Sets January 1 as Effective Date for Hotel Business Demerger; Stock Rises 3%

ITC Sets January 1 as Effective Date for Hotel Business Demerger; Stock Rises 3%

ITC Limited has announced January 1, 2025, as the effective date for the demerger of its hotels business into ITC Hotels Ltd., a wholly owned subsidiary. The move, aimed at unlocking value for shareholders, has

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BAT to Exit ITC’s Demerged Hotels Business

BAT to Exit ITC’s Demerged Hotels Business

According to ET, British American Tobacco (BAT) is set to exit the hotels business of Indian conglomerate ITC following the latter's decision to demerge its hospitality division. BAT, a long-time stakeholder in ITC, has reportedly

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India’s MICE Hunt

India’s MICE Hunt

India, till recently, only got a 1 percent share of the global MICE business. A renewed focus on the segment through government’sapproach and the private sector push has led to a fast-changingscenario with a projected

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“Recipe Cup empowers home chefs with a user-friendly platform to launch their own brands”

“Recipe Cup empowers home chefs with a user-friendly platform to launch their own brands”

Rushabh Jhaveri's passion for food led to the creation of Recipe Cup, inspired by Mumbai's street vendors who prepare family recipes at home. Jhaveri, Founder & CEO of Recipe Cup connects these home chefs with

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Fortune Hotels continues its expansion in Gujarat

Fortune Hotels continues its expansion in Gujarat

Fortune Hotels announced the launch of Fortune Statue of Unity Ekta Nagar, a shining new addition set to offer unmatched comfort and hospitality close to Gujarat's latest attraction, alongside the scenic views of river Narmada. Just

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Accor set to expand presence in India with strategic hotel announcements in 2024

Accor set to expand presence in India with strategic hotel announcements in 2024

Following a landmark year for Accor in India in 2023 with a record-breaking signing of eleven strategic hotels and the opening of six key hotels across the country, the Group is set to unveil more

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Signum Hotels and Resorts expands in Gujarat with the launch of Signum Cityscapes in Rajkot

Signum Hotels and Resorts expands in Gujarat with the launch of Signum Cityscapes in Rajkot

Signum Hotels, an emerging hospitality management firm in India, launched Signum Cityscapes Rajkot, a 40-room hotel situated along the Rajkot-Morbi Highway. Marking the company's second establishment in Gujarat, this new addition to the Signum family

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Sahara Group Founder Subrata Roy Passes Away

Sahara Group Founder Subrata Roy Passes Away

Subrata Roy, the founder of Sahara India Pariwar, passed away on November 14. He was 75. In a statement, the Sahara group said, "Saharasri ji an inspirational leader and visionary, passed away on 14th November

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The Leela Bhartiya City Bengaluru Celebrates its two-year anniversary

The Leela Bhartiya City Bengaluru Celebrates its two-year anniversary

The Leela Bhartiya City Bengaluru marked the success of its second anniversary with an exquisite evening of celebrations and conversations with renowned writer, lyricist and poet Javed Akhtar along with Rakshanda Jalil, writer and literary

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