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.
Srinagar, July 17: Dubai is set to welcome the world's tallest hotel later this year with the launch of the Ciel Dubai Marina. Soaring over 1,197 feet (365 meters), the iconic tower will surpass the current record-holder, Gevora Hotel, which stands at 1,169 feet (356 meters), according to Newsweek. Developed by The First Group and designed by the renowned NORR Group, Ciel will feature 82 floors and around 1,004 rooms, including 147 suites. The hotel aims to redefine luxury hospitality with its cutting-edge design and skyline-defining architecture. The hotel is currently in various phases of construction. While the foyer is 65 per cent complete, portions of the eating areas are at 50 per cent. The developer's April-May updates indicate the guest room furniture installation is reportedly 45 per cent complete, and the leisure deck's fit-out is at 40 per cent. The hotel's imposing communal atrium area will have "vertically stacked landscaped and naturally ventilated terraces," reaching a height of around 984 feet, according to The First Group. The project's contractor, China Railway 18th Bureau Group (CR18BG), confirmed that the tower will also include standout features such as a 12-story "atrium sky garden," a "sky restaurant" at 1,158 feet, and the highest infinity pool in the world, perched 1,004 feet above ground.
VMPL Gurgaon (Haryana) [India], August 20: Gardens of India, India's pioneering luxury tea brand, is proud to announce its exclusive partnership with Grand Hyatt Gurgaon, part of the globally renowned Hyatt Hotels Corporation. This collaboration marks the beginning of a deeper engagement between Gardens of India and the Hyatt group, with the shared vision of redefining tea experiences across Hyatt properties worldwide. With three generations of expertise, Gardens of India has become a trusted partner for leading luxury hotels and resorts across Asia, the Middle East, and Europe, offering gue ...Read More >
NEW DELHI: Darjeeling's Makaibari Tea Estate will have an Oberoi hotel by 2030. EIH Ltd, parent company of Oberoi, Monday announced signing of a management agreement for a luxury resort at one of the world's oldest and most storied tea estates that was established in 1859. The 1,236 acres (500-hectare) estate includes one of the world's oldest functioning tea factories - constructed entirely of wood, bamboo and cast iron.This is part of EIH's robust expansion plan, with a development pipeline of 29 upcoming hotels and luxury cruisers scheduled to open by 2030. These projects across India and s ...Read More >
Hyatt Hotels Corporation is expanding its presence in India and Southwest Asia. Vikas Chawla will lead the company's strategy and growth in the region starting April 1, 2026. Hyatt plans to add nearly 5,000 rooms to its pipeline in 2025. The company is strengthening its brand in key cities and exploring new destinations. New Delhi: Hyatt Hotels Corporation has announced the appointment of Vikas Chawla in the newly created senior role of President - India and Southwest Asia effective April 1, 202 ...Read More >
ITC Hotels announced a significant 74 percent increase in its second-quarter net profit. This growth was driven by higher revenues from operations. The company's revenue from operations increased to Rs 839.48 crore. NEW DELHI: ITC Hotels on Friday reported nearly 74 per cent rise in consolidated net profit for the second quarter ended September at Rs 133.29 crore, on higher revenue from operations. The company, which listed on the stock exchanges earlier this year post its demerger from ITC Lim ...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 >
New Delhi [India], August 21: With its glittering launch on August 2, 2025, City of Dreams Sri Lanka redefines luxury tourism in South Asia. This resort not only transforms Colombo's skyline but also sets a new benchmark in hospitality, entertainment, and economic promise. Also Read | Is Ryan Reynolds Getting Cancelled? Netizens Flood 'Deadpool' Actor and Wrexham Co-Owner's Aviation American Gin Instagram Post With Angry Comments Amid Blake Lively-Justin Baldoni Legal Drama. Colombo witnessed a historic moment with the launch of City of Dreams Sri Lanka, a landmark development poised to resh ...Read More >
Today, the portfolio encompasses a variety of property types and experiences appealing to a broad traveller demographic. With an extended brand portfolio that now encompasses the new premier, boutique, and retreats segments, Radisson Individuals provides even more opportunities for distinction and visibility for each hotel. Radisson Individuals is a soft brand offering independent hotels and regional chains the opportunity to join Radisson Hotel Group's global network and distribution platform, ...Read More >
A New York taxi driver playing an episode of "The Don Lemon Show" on his phone as he drove was shocked when his passenger revealed himself to be... Don Lemon. The taxi driver said, "No," and glanced backward in the rearview mirror before turning around fully with his mouth open and the vehicle still coasting forward. He let out a loud guffaw of laughter as the car came to a stop. "My man," the driver said, reaching back to shake Lemon's hand. "He was extremely friendly," Lemon told Newsweek in ...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 >
Gurgaon (Haryana) [India], August 20: Gardens of India, India pioneering luxury tea brand, is proud to announce its exclusive partnership with Grand Hyatt Gurgaon, part of the globally renowned Hyatt Hotels Corporation. This collaboration marks the beginning of a deeper engagement between Gardens of India and the Hyatt group, with the shared vision of redefining tea experiences across Hyatt properties worldwide. With three generations of expertise, Gardens of India has become a trusted partner for leading luxury hotels and resorts across Asia, the Middle East, and Europe, offering guests sign ...Read More >
NEW DELHI : Royal Orchid Hotels Limited (NSE: ROHLTD.NS), today announced the signing of a strategic agreement with Hilton ( NYSE : HYT), to sign and open 125 Hampton by Hilton hotels in India. The partnership accelerates Hilton's upper midscale expansion in India, where rising domestic travel and growing demand from the country's expanding middle class are driving strong opportunities in the mid-market segment. The franchised hotels will primarily be developed across western and southern markets, including Goa, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh and Telangana, joining more tha ...Read More >
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 ...Read More >
The luxurious 156-room hotel, nestled in the heart of the city, offers bespoke, legacy-inspired experiences. Hyderabad: Marking its entry into Hyderabad, The Leela has announced the opening of The Leela Hyderabad, an urban retreat located in the neighbourhood of Banjara Hills. The hotel offers 156 rooms and suites, designed to reflect a balance of modern luxury and the cultural legacy of the Deccan Plateau. The interiors draw inspiration from the region's storied heritage, featuring bespoke design elements, intricate craftsmanship, and curated art pieces, a press release said. Set on 2.5 ac ...Read More >
Mumbai (Maharashtra) [India], April 28 (/NewsVoir): Aman Group, the world's preeminent lifestyle and hospitality brand, announces two forthcoming destinations in the Kingdom of Saudi Arabia in partnership with Diriyah Company - Aman Wadi Safar and Janu Diriyah. Aman Wadi Safar, located in the exceptional desert landscape near the city of Riyadh, will be home to a 78-key Aman hotel, a collection of up to 34 Aman Branded Residences, and expansive amenities including a vast Aman Spa and an array of dining experiences. Following the successful opening of Aman New York, Denniston Architects has b ...Read More >
With the onset of the monsoons, coupled with the heat in the Thai capital (and yes, we are talking about the weather, for once), it is time to experience the onslaught of milder summer. Guru By Bangkok Post lists places where you can chill in the cool summer breeze. Opening this month is the largest beach club in Phuket at Laguna Phuket. It is designed to enhance the beach club experience and celebrate the island's laid-back lifestyle in an inclusive way for guests of all ages. Located along th ...Read More >
NEW DELHI: Hospitality major ITC Hotels has reported its highest ever Q2 income at Rs 885 crore, up 13% from same period last fiscal; and also highest Q2 profit at Rs 133 crore up 74% from last fiscal. ITC Hotels share price closed 0.9% higher Friday at Rs 221.65 when the broader market was down 0.4%. The company says its growth pipeline expands to about 5,900 keys with over 60 hotels and it has launched a new brand - "Epiq Collection - Member ITC Hotels' Group" -- to accelerate growth in the premium segment.ITC Hotels currently has a portfolio of 207 hotels -- with 146 operational and 61 in t ...Read More >
Forbes contributors publish independent expert analyses and insights. The Radisson hospitality brand has been in significant growth mode, especially in the past decade. In 2022, Choice Hotels acquired Radisson Hotel Group Americas with the rest of its international portfolio remaining under Radisson. From adding brands in its upscale and luxury portfolios to expanding its global reach, Radisson has matured to compete with the top hospitality brands. Much of this significant expansion has been o ...Read More >
Following the expansion of its new development space, the southern city aims to enhance inter-regional connectivity in infrastructure, markets and space for tourism development. Authorities view coastal and island tourism as a key source of "green" growth that could help reposition the city on the regional and global tourism map. According to Nguyen Van Manh, Vice Chairman of the Con Dao Special Zone People's Committee, Con Dao is not only a national symbol of revolutionary heritage but is also ...Read More >
Its hospitality arm, Brigade Hotel Ventures Limited, has signed a management agreement with Hyatt for Grand Hyatt Chennai ECR. Separately, BCV Developers Private Limited has entered into a management agreement with Hyatt for Hyatt House Bengaluru Devanahalli. The Grand Hyatt project, located along East Coast Road, will be a beachfront hotel catering to both leisure and business travellers. Slated to open in 2029, the property will feature around 200 rooms, the company said. Also Read: Brigade G ...Read More >
The Indian Hotels Company Limited (IHCL) is India's largest hospitality company by market capitalisation (₹1.08 trillion), offering a unique blend of Indian warmth and world-class service through a diverse portfolio of brands. Indian Hotels share price: Indian Hotels Company Limited (IHCL) share price was buzzing in trade on Friday, July 18, 2025, with the scrip rising as much as 1.63 per cent to an intraday high of ₹766.40 per share. At 9:30 AM, IHCL share price was trading 0.91 per cent higher at ₹760.90. In comparison, BSE Sensex was down 0.23 per cent at 82,066.18 levels. Why were IHCL ...Read More >
The third Khangchendzonga International Tourism Conclave opened in Gangtok on Friday with a strong focus on developing rural tourism across the Eastern Himalaya. Sikkim tourism minister Tshering Thendup Bhutia, along with senior officials, inaugurated the two-day event organised by the Eastern Himalaya Travel and Tour Operators Association (EHTTOA). The conclave runs until Saturday. Advertisement Highlighting the state's new priorities, Bhutia said Sikkim is focusing on "high-value tourism ove ...Read More >
Chennai, Oct 28 (UNI) Hospitality major Indian Hotels Company Ltd has signed an agreement with the healthcare major MGM Healthcare Group for building a Taj hotel in Puducherry. According to Indian Hotels, the 180-room Taj Pondicherry, a greenfield project, will be spread across a 52-acre property located on the outskirts of the White Town. Suma Venkatesh, Executive Vice President, Real Estate & Development, Indian Hotels, said: "Pondicherry has witnessed a steady rise in domestic travel and a rebound in foreign arrivals, reinforcing its position as a key leisure destination. The addition of ...Read More >
Wedding bells are ringing in the Tendulkar household! Arjun Tendulkar, the 25-year-old cricketer and son of India's beloved batting legend Sachin Tendulkar, is officially engaged. The lucky bride-to-be is Saaniya Chandok, granddaughter of prominent Mumbai businessman Ravi Ghai, whose family owns the InterContinental hotel and Brooklyn Creamery, as reported by India Today. The news shared by Hello India on X has sent fans into a frenzy, marking the union of two influential Mumbai families in a ce ...Read More >
EIH Limited, the flagship company of The Oberoi Group announced the signing of a management agreement for an Oberoi luxury resort at the Makaibari Tea Estate in Darjeeling on Monday. One of the world's oldest and most storied tea estates, established in 1859, Makaibari is celebrated for its dramatic Himalayan vistas, lush primary forests and rare biodiversity. The 1,236 acres (500-hectare) estate includes one of the world's oldest functioning tea factories - constructed entirely of wood, bamboo ...Read More >
ITC Hotels on Wednesday announced that it has opened a Welcomhotel in Bodh Gaya, Bihar, featuring convention facilities along with 98 rooms & suites. The 18-acre property is poised to redefine Meetings, Incentives, Conferences and Exhibitions (MICE) tourism in the state, ITC Hotels said. "Welcomhotel Bodh Gaya stands as a reflection of our commitment to creating meaningful experiences that celebrate local heritage while upholding the highest standards of service excellence. Bodh Gaya, with its ...Read More >
From L to R: Vijayta Raheja, Director, Saryu Properties and Hotels Private Ltd. (SPHPL), Maharashtra Chief Minister Devendra Fadnavis, Nikhil K. Raheja, MD, SPHPL, Sudeep Jain, Managing Director (South West Asia) at the pre-opening event. The K Raheja Group has unveiled their integrated hospitality project comprising of voco Mumbai Powai Hotel and Convention Centre, and Holiday Inn Express and Suites which has come up in an association with IHG Hotels & Resorts. The deal was first announced in ...Read More >
New Delhi [India], August 21: With its glittering launch on August 2, 2025, City of Dreams Sri Lanka redefines luxury tourism in South Asia. This resort not only transforms Colombo skyline but also sets a new benchmark in hospitality, entertainment, and economic promise. Colombo witnessed a historic moment with the launch of City of Dreams Sri Lanka, a landmark development poised to reshape South Asian travel and tourism. Backed by a $1.2 billion investment and a decade of planning the luxury resort signals Sri Lanka bold entry onto the world luxury map. Developed by John Keells Holdings PLC ...Read More >
Global hospitality company Hilton has signed an agreement to open its namesake brand hotel in Chennai, Tamil Nadu, marking the group's expansion in the southern part of India. Hilton's new Chennai hotel will be located in Egmore and be developed in partnership with MKR Estate Developers, a part of MGM Healthcare Group. The company expects the hotel to begin operations in January 2029. This opening will add to Hilton's existing presence in the city, which already includes Hilton Chennai. Hilto ...Read More >
New Delhi [India], December 11 (ANI): India's hospitality sector is gearing up for a significant expansion in its listed universe, with four new players set to debut on the stock market. According to Jefferies report, Schloss Bangalore (Leela), Ventive Hospitality, and Brigade Hotels are collectively aiming to raise approximately Rs80 billion through Initial Public Offerings (IPOs). Additionally, ITC Hotels is preparing for a demerger in Q4 FY25, further diversifying the sector's public represe ...Read More >