India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
In 2025, Ecuador is set to unveil a host of groundbreaking tourism initiatives. This follows a consistent uptick in tourism revenues, attracting both local and global hospitality enterprises to invest in the nation's tourism infrastructure. These developments include the introduction of new hotels and cruises, supplementing an existing array of 4,957 hotels and 15 cruise operations. The Ministry of Tourism of Ecuador reports a visitor count exceeding 589,000 in just the first half of the year, with projections from Statista estimating a steady growth rate of 2.88% annually through 2029. This positions Ecuador as an increasingly prominent travel destination with substantial investments flowing into the tourism sector. "By investing in Ecuador's tourism sector, these brands are not just supporting our economy but contributing to the preservation of our natural heritage and offering visitors more ways to experience our beautiful country. These tourism projects will create local opportunities in Quito, the Galapagos, and Manabi, while establishing a benchmark for distinguished service." Said Santiago Granda, Undersecretary of Promotion for the Ministry of Tourism of Ecuador. Expansion of the Hotel Industry In the year 2025, the hospitality landscape in Ecuador will grow through the addition of two new properties by Marriott International and the esteemed local brand, Oro Verde. While drawing international capital, Ecuador continues its commitment to conserving its natural landscapes, uplifting communities, and crafting distinctive tourist experiences. One notable development is the Courtyard Hotel by Marriott Quito situated at Quito's Airport, tailored to meet the needs of business travelers. Quito, the capital city, nestled among Andean peaks, boasts a rich cultural history and stunning vistas. It holds the honor of being the first city recognized as a UNESCO World Heritage Site. Scheduled to open in the summer of 2025, this new facility by SIXSTAR Hotels and Marriott International will feature 84 rooms, equipped with a gym, business center, meeting space, and a convenience market. The Oro Verde Group is expanding its reach with the upcoming Hotel Oro Verde Portoviejo in the western Manabí Province, a short flight from Quito. Portoviejo, known for its vibrant culinary scene, is an attractive spot for gastronomy enthusiasts. The hotel, designed by CORREA + FATEHI - ODD Architects, is slated to open in spring 2025. It will offer 71 rooms, a rooftop pool with sweeping views, a modern gastrobar, ample event spaces, and a premier restaurant. Luxury Cruising in the Galapagos The luxury cruise sector in the Galapagos is also growing with the introduction of the high-end Hermes Catamaran. Scheduled to launch in 2025, it features 12 spacious, transformable suites across its main and upper decks. These suites include private bathrooms, air conditioning, walk-in closets, mini bars, expansive windows, private balconies, and jacuzzis. The Hermes Catamaran will offer tours of key Galapagos islands such as Santa Cruz, Española, and Bartolomé. This vessel combines the opulence of larger ships with the personal feel of smaller ones, perfect for guests eager to delve into the unique landscapes and biodiversity of this UNESCO World Heritage Site. These initiatives for 2025 are indicative of a bright future for Ecuador's tourism and hospitality industries, blending upscale hotel projects with pioneering cruise options to bolster its standing as a leading destination for both business and leisure travel.
BENGALURU, India, June 5, 2025 /PRNewswire/ -- Marriott India proudly achieved its ambitious goal for World Environment Day 2025, a commitment to plant 100,000 trees across its extensive portfolio of over 150 hotels nationwide. This significant undertaking marked a powerful escalation of Marriott India's dedication to sustainability and ecological restoration, building upon the success of its previous environmental initiatives. This landmark endeavor was built upon the successful foundation of last year's 'Two Trees per Room' initiative, launched on World Environment Day 2024. That program, a ...Read More >
New Delhi [India], July 7 (ANI): Delhi Environment Minister Manjinder Singh Sirsa on Monday again took the 'Sheesh Mahal' jibe at AAP over the residence of former Delhi Chief Minister Arvind Kejriwal, saying it can only be turned into a five-star hotel. In an interview with ANI, Sirsa also slammed opposition parties for the 'Maya Mahal' jibe at the proposed cost of renovation of the house allocated to Delhi Chief Minister Rekha Gupta, saying she is living in a normal house and the expense of all the arrangements is around Rs 50 lakh. 'The Sheesh Mahal can only be turned into a 5-star hotel. ...Read More >
Mumbai: The whole of Maharashtra and India rejoiced on Friday as 12 majestic forts associated with Chhatrapati Shivaji Maharaj (11 in Maharashtra and one in Tamil Nadu) were inscribed as UNESCO World Heritage Sites. While PM Modi and other senior leaders welcomed the announcement, MNS chief Raj Thackeray on Saturday urged the government to act responsibly and ensure strict conservation measures. Last evening, UNESCO announced that it has accorded the status of World Heritage Sites to 12 forts built by Maharashtra's beloved and greatest King Chhatrapati Shivaji Maharaj, naming it 'Maratha Mili ...Read More >
US, Spain, Thailand, China, Tokyo, Munich, and more will showcase Marriott International's trailblazing luxury experiences, offering transformative travel in 2025. At the International Luxury Travel Market (ILTM) in Cannes, Marriott International, Inc. has unveiled an exciting new phase of global expansion. The Luxury Group is introducing a range of innovative brand extensions, including luxury tented camps, remote lodges, and personalized experiences, all designed to elevate Marriott's position as a global leader in premium hospitality. With a portfolio that includes renowned names such as T ...Read More >
Dehradun, Jul 6 (PTI) Uttarakhand Chief Minister Pushkar Singh Dhami on Sunday enjoyed a jungle safari in Corbett National Park and participated in the mass planting of over 1,000 saplings under the 'Ek Ped Maa Ke Naam' campaign. In a post on X, the chief minister said that during the safari, a wonderful and thrilling glimpse of wildlife was seen and said, "This experience amidst biodiversity became an opportunity to connect with the precious heritage of nature." Dhami said that, as a result of the state government's continuous efforts, safari tourism has gained a new identity. "A large numb ...Read More >
Pune : Radisson Blu Pune Hinjawadi announces the appointment of Mr. Prajanya Chauhan as Assistant Food and Beverage Manager. With an impressive career spanning 14 years in the hospitality industry, Prajanya brings with him a wealth of experience in food and beverage operations, guest satisfaction, and team leadership. A graduate in Hotel Management, his professional journey includes key roles at renowned hospitality brands such as Radisson Chennai, Cidade De Goa, Taj Vivanta Goa, Holiday Inn Goa, Novotel Goa, Della Resorts Lonavala, and Royal Orchid Hotel Bangalore. Recognized for his operati ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
New Delhi, July 17: Gene-testing of aspiring athletes to figure the best sport for them besides performance-based funding were among the suggestions before Sports Minister Mansukh Mandaviya sought a five-year plan from every national federation by the end of next month. The inaugural one-day 'Khelo Bharat Conclave' had the top stakeholders of Indian sports under one roof for a good six hours during which ideas, both old and new, were discussed at length to chart the way forward. The ambition -- make India a top five sporting nation by 2047 after elevating the country to the top 10 by the 203 ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Actor Harshvardhan Rane, who was last seen in 'The Miranda Brothers', is heaping praise on the recently released film 'Saiyaara', and its team. On Saturday, the actor took to the Stories section of his Instagram, and penned a special note for the film and its makers after it witnessed a stellar opening day. He wrote, "Another melodious example of a love story shattering all myths and formulas of the industry. Honest heart wrenching love story wins again in 2025! #Saiyaara". 'Saiyaara', which stars Aneet Padda, and marks the debut of Ahaan Panday, is helmed b ...Read More >
Sunmei Hotels Group has announced the launch of Sunmei Group International (SGI) and three new overseas brands—SHANKEE, PENRO, and LANOU—marking its expansion into the UAE market. The company plans to introduce SHANKEE Hotels, a smart economy brand, to cities like Dubai, Abu Dhabi, and Riyadh. SGI focuses on smart marketing, modular renovations, and intelligent operations, leveraging big data and AI to enhance service and guest experiences. Chairman Ma Yingyao aims to open 100 hotels globally within the next decade, doubling revenue and establishing a strong international presence for Chinese ...Read More >
KATHUA: Lieutenant Governor Shri Manoj Sinha inaugurated the Kathua Waterfront and dedicated the landmark urban rejuvenation project to the people of Kathua. In his address, the Lieutenant Governor congratulated the District Administration Kathua for providing a unique public space that will foster community interaction and cultural activities in the beautiful and historical city of Kathua. He said, the 1200-meter stretch along Kathua Canal in the heart of the city will shape urban landscape, economy, and social fabric and enhance the city's identity and livability. "Kathua Waterfront blend ...Read More >
New Delhi [India], June 8 (ANI): Union Minister of Earth Sciences Dr Jitendra Singh, addressing the Monaco Marine Conference on Sunday, reiterated India's commitment to a resilient Blue Economy and pointed out that Prime Minister Narendra Modi had spoken about it twice in his two consecutive Independence Day addresses. In a symbolic show of global cooperation for ocean sustainability commemorating the 'World Ocean Day' today, Union Minister Dr Jitendra Singh and Norway's Minister of International Development, Asmund Grover Aukrust, jointly hosted a high-level event on Marine Spatial Planning ...Read More >
India now has 44 UNESCO World Heritage Sites. These were the first The World Heritage Committee met for the first time in 1978, marking the beginning of identifying global sites of "outstanding universal value". The inaugural session marked the beginning of the UNESCO list of World Heritage Sites, an initial list of 12 sites across seven countries, including the Galápagos Islands in Ecuador, the historic centre of Quito, Ethiopia's Simien National Park, and Senegal's Island of Gorée. To make it to the list, a site must meet at least one of ten detailed selection criteria. These criteria rang ...Read More >
New Delhi, Jul 17 (PTI) Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26. The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period. The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory f ...Read More >
New Delhi: Tata Group-backed Indian Hotels Company (IHCL) on Thursday reported consolidated revenue of ₹2,102 crore for the quarter ended June 30, up 32% year-on-year (YoY). Profit after tax jumped 19% YoY to ₹296 crore. IHCL MD and CEO Puneet Chhatwal said despite geopolitical challenges, flight disruptions, and booking cancellations, Q1FY26 marked the thirteenth consecutive quarter of "record performance" for the chain. "In line with our guidance, the company reported double-digit growth in consolidated revenue. The hotel segment's revenue at '1,814 crore, grew by 14%, leading to a strong ...Read More >
Margao (Goa) [India], July 19 (ANI): Goa witnessed an extraordinary rise in tourist arrivals in the first six months of 2025, with over 54.55 lakh visitors flocking to the coastal state, including 2.71 lakh international tourists. Goa tourism graph has scaled remarkable heights in the first half of 2025, registering a record-breaking surge in both domestic and international arrivals. According to the Department of Tourism, the state welcomed an unprecedented number of visitors between January and June, reinforcing its status as one of India most preferred and evolving travel destinations. P ...Read More >
Bhopal, Jul 19 (PTI) Madhya Pradesh Chief Minister Mohan Yadav has said that the Indian community in Barcelona made him feel as if he was in his hometown Ujjain, a government release said on Saturday. Yadav, who visited the famous Park Guell in the Spanish capital, said such attractions can also be created in MP, according to the release. "Wherever Indians go, they stick to their traditions and festivals with dignity. This is not merely a dialogue but a heartfelt connection," he said during an interaction with the Indian diaspora and the 'Friends of India' group. Yadav, who is on an officia ...Read More >
The Indian Hotel and Restaurant Association (AHAR) announced a nationwide liquor bandh to oppose Maharashtra's tax hikes, which it said are pushing the industry towards a collapse. More than 20,000 bars and permit rooms across Maharashtra will shut operations on July 14 (Monday) in protest against the state government's tax hikes on liquor, which they characterised as "draconian". The Indian Hotel and Restaurant Association (AHAR) said the nationwide bandh has been organised to oppose the state ...Read More >
Bengaluru: Exploring scientific solutions to reduce human-elephant conflict across Karnataka, the forest department Tuesday signed a memorandum of understanding (MoU) with the Indian Institute of Science (IISc) for landscape-level conservation of Asian elephants. Renowned ecologist and elephant expert from IISc, Prof Raman Sukumar, and Karnataka chief wildlife warden Prabhash Chandra Ray signed the commencement of the Rs 4.7-crore project, fully funded by the forest department.Admitting an increa ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131km), and the Prayagraj (Iradatganj)-Manikpur thir ...Read More >
HONG KONG SAR - Media OutReach Newswire - 2 December 2024 - Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together luxury industry titans to discuss pivotal topics that "Redefine Luxury Through a Global Lens" at Regent Hong Kong on November 26-28, 2024. According to the latest "2024 Billionaire Census" report from Altrata, the city is currently world's no. 2 with the highest number of billionaires. The city is expected to have 22.4% more ultra-high-net-wor ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Jammu, Jul 18 (PTI) Senior officials of the Jammu and Kashmir government reviewed the arrangements for the smooth conduct of the 13-day-long Budha Amarnath pilgrimage in Poonch district that will begin on July 28. Deputy Inspector General of Police Tejinder Singh reviewed security in Poonch and stressed ensuring the safety of the devotees. "The first batch will depart from the Bhagwati Nagar basecamp in Jammu on July 28, moving towards the Mandi tehsil in Poonch in a regulated convoy amid full security arrangements," a spokesperson said. Jammu Divisional Commissioner Ramesh Kumar and Inspec ...Read More >
Guwahati, November 27 (IANS): Union Tourism and Culture Minister Gajendra Singh Shekhawat on Wednesday underscored the northeastern region's legacy, cultural diversity, and natural wealth emphasising its rich cuisine, crafts and biodiversity while inaugurating the 12th edition of the four-day long International Tourism Mart (ITM) in Assam's Kaziranga. Speaking on the occasion, the Union Minister said that the ITM is a remarkable opportunity for the northeast India to showcase its rich culture and diversity to the world, adding that the event also offers a platform for people from across the g ...Read More >
Amante Capital, KKR's dedicated European hospitality platform, will serve as managing partner to the joint venture LONDON--(BUSINESS WIRE)--Leading investment firms KKR and The Baupost Group today announced a joint venture to purchase a portfolio of 33 Marriott International (NASDAQ:MAR) hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Amante Capital, KKR's vertically integrated European hospitality platform, will serve as managing partner for the joint venture and the properties will continue as premium Marriott branded hotels. The portfolio ...Read More >
BENGALURU: BBMP marshals deployed at lake security and supervision wing, ward monitoring and Indira Canteens are working without salaries since March. The situation has arisen after Bangalore Solid Waste Management Limited was carved out of BBMP for garbage management. Their salaries are usually given through the Ex-Servicemen Welfare Society and each marshal is paid Rs 17,500 monthly. "Supervisors say the delay is due to a set of procedures. Earlier, the amount was given to the Ex-Servicemen Welfare Society towards payments from BBMP. Now the files have to be cleared from BWSML to ward mars ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >
Chennai, July 13 (SocialNews.XYZ) Tamil Nadu Chief Minister M.K. Stalin expressed joy over the inclusion of Gingee Fort in the prestigious list of UNESCO World Heritage Sites. Taking to social media, CM Stalin wrote: "Delighted that #GingeeFort, famously known as the 'Troy of the East', has been inscribed as a UNESCO World Heritage Site as part of the Maratha Military Landscapes of India. This majestic hill fortress now joins Tamil Nadu's proud list of #UNESCO sites including the Great Living Chola Temples, the monuments at Māmallapuram, the Nilgiri Mountain Railway and the Western Ghats. A p ...Read More >
Jaipur, Jul 19 (PTI) A gang, allegedly involved in the adulteration of coal imported from the US, was busted by the Rajasthan Police, leading to the arrest of an individual, a senior official said on Saturday. The gang was adulterating high-quality coal (petcoke) imported from the US, cheating cement and steel factories out of crores of rupees through this illegal operation, Additional Director General of Police (Crime) Dinesh MN said. A team from the Crime Investigation Branch had been gathering intelligence about the theft of petcoke for some time. They were told by informants about several ...Read More >