| Indian Hotels: Back in business | 19-NOV-09 |
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| Indian Hotels’ revenues were down only 16 per cent in the September 2009 quarter to Rs 307 crore compared with a 20 per cent fall in the first half of 2009-10, an indication that rooms are filling up. |
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| Indian Hotels net slides 76% to Rs 11 cr | 31-OCT-09 |
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| Mumbai-based Indian Hotels Company (IHCL), India’s biggest hotel chain operator and owner of the Taj brand, today posted a decline of 76.6 per cent in net profit at Rs 11.9 crore for the quarter ended September 30, as against Rs 50.7 crore posted in the same quarter a year ago. |
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| Ten Indian hotels named amongst the world's favourite | 29-SEP-09 |
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| Ten Indian hotels have made it to this year’s annual global Expedia® Insiders' Select list of the world’s favourite hotels with The Oberoi Grand in Kolkata claiming top spot among the favourite Indian hotels featured. The other Indian hotels on this year’s list include The Oberoi Amarvilas, Agra; The Oberoi, Mumbai; Shangri-La Hotel, New Delhi and Lemon Tree Amarante Beach Resort, Goa. |
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| Indian hotel chains face double whammy | 10-AUG-09 |
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| When Indian Hotels Chairman Ratan Tata told shareholders at the annual general meeting earlier this week that the hotel chain, which operates the Taj group, continues to be impacted by the slowdown, he was merely echoing what P R S Oberoi, his counterpart at the East India Hotels (EIH), had said recently. |
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| Indian Hotels to raise capital through debt, equity | 04-AUG-09 |
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| Indian Hotels Company (IHCL), the country’s biggest chain operator and owner of the Taj brand, said today that it would look at various methods of raising funds to meet its future expansion plans, including setting up hotel properties in India and abroad. |
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| Indian Hotels' Q1 net dives | 01-AUG-09 |
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| Indian Hotels Company (IHCL), owner of the Taj brand (and one of the hotels in Mumbai which suffered a terror attack last year), today declared a drop of 73.2 per cent in net profit at Rs 16.44 crore for the first quarter, as turbulent economic conditions globally impacted foreign inflow into the country. The company, which is also India’s biggest hotel company, operating under four brands, had reported a net profit of Rs 61.3 crore last year. |
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| No comfort | 29-JUN-09 |
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| High debt and weak demand may keep the IHCL scrip under pressure over the near term. |
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| Analysts' corner | 22-JUN-09 |
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| The consolidated revenues of Everonn grew by a decent 15.9 per cent y-o-y in March 2009 quarter to Rs 35.8 crore, driven by the Virtual Technology-Enabled Learning Solutions (ViTELS) business. The total number of points of presence (POPs or schools and colleges) grew to 1,357 as compared with 410 at the end of March 2008, reflecting strong demand. |
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| Indian Hotels: Don't check in yet | 16-JUN-09 |
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| The Indian economy seems to be on the mend but with the global economy still in a downturn, it’s unlikely hotels in the country are going to be full in the hurry. Occupancies at Indian Hotels of around 66 per cent in the year to March 2009 were understandably lower than they had been in the previous year, partly because of the terrorist attacks at the Taj hotel in Mumbai and also because of the weak economic environment. |
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| Taj group to expand serviced apartments biz | 06-JAN-09 |
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| The Indian Hotels Company (IHCL), the Tata Group firm which runs the Taj Group of Hotels in the country, is set to expand its offerings by getting into serviced apartments business and by widening the |
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