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.
Kolkata: ITC Hotels Ltd is aiming at expanding its portfolio to over 220 operating units with more than 20,000 keys by 2030, its latest annual report said. According to the annual report for 2024-25, the company plans to accelerate its growth through management contracts and franchise arrangements. Approximately, 70 per cent of the keys are being operated under management contracts, including franchising, it said. Spun into a separate entity after the demerger from ITC Limited, the company owns brands like ITC Hotels, Mementos, WelcomHotel, Storii, Fortune and WelcomHeritage. "Having achieved considerable scale and market standing, the business pivoted into an asset right strategy to drive growth and reduce the capital intensity of operations," the company said. The focus was also on strong partnerships with asset owners, leveraging brand credentials and providing operational expertise, ITC Hotels said in the report. In the last two years, 30 hotels have been launched under the ITC Hotels brand portfolio, out of which 29 are managed and franchised properties in India and Nepal. The company has a robust pipeline of hotels with a high prominence of brownfield assets, which are likely to open in the next four years. Presently, the company is amongst the "fastest growing" hospitality chains in the country with more than 140 properties and over 13,300 rooms under its six brands, the report said.
Family members and close guests have arrived for the wedding festivities of the couple at the hotel in the outskirts of the city. Both the actors had reached Udaipur on Monday. According to sources, pre-wedding functions are likely to be organised over two days before the main ceremony on Thursday. Elaborate security arrangements have been made at and around the hotel venue. Private bouncers as well as police personnel have been deployed to ensure security during the wedding festivities. The 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 >
The holiday season is a time full of joy and excitement - and, for many, a bit of financial stress. But here's a secret: Your credit card could be the holiday helper you didn't even know you needed. Here's how your credit card can lighten the load this holiday season. Rack up rewards Many credit cards offer rewards on your purchases, typically in the form of points, miles or cash back. Because the holidays tend to be a time of heavy spending for some, you have the opportunity to really take ad ...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 >
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 >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, and farmer empowerment. Heritage also unveiled its "Vision 2030" strategy to become India's most admir ...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 >
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 >
New Delhi, Oct 24 (PTI) 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 Limited, had posted a net profit of Rs 76.63 crore a year ago. In a statement, ITC Hotels observed that the hospitality sector remains well-positioned for expansion, backed by robust domestic travel, evolving consumer preferences, and continued government focus on tourism infrastructure. "The outlook fo ...Read More >
PRNewswire New Delhi [India], April 1: Hyatt Hotels Corporation (NYSE: H) today announced the next stage of growth of Hyatt's business in India with the appointment of Vikas Chawla in the newly created senior role of President - India & Southwest Asia to lead the business in the region, effective April 1, 2026. The new leadership position reflects Hyatt's commitment to accelerating its expansion and deepening its brand presence in one of Hyatt's most strategically important growth markets. - Appointment of Vikas Chawla builds on significant growth with nearly 5,000 rooms added in 2025 to Hya ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax offices and submit proper documentation explaining their turnover and eligibility. It clarified that ...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 representation. The three IPO-bound companies have collectively filed for offerings worth Rs80 billion, w ...Read More >
New Delhi, Apr 8 (PTI) Global hospitality major Hilton on Wednesday announced the signing of a strategic agreement with Regenta Hotels Private Limited, owned by Royal Orchid Hotels Limited, for opening 125 'Hampton by Hilton' hotels across western and southern India by 2035. The partnership accelerates Hilton's upper mid-scale 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 Go ...Read More >