Landlord of some of the prominent hotels in the capital, New Delhi Municipal Council (NDMC), is trying to recover Rs 456 crore from Le Meridien as rent. The matter is under litigation.

NDMC eyes big bucks from hotel chains

Business Standard

Controversy is nothing new for Emaar Properties. Dubai&rsquo;s leading real estate group has hit the headlines afresh with the arrest of Andhra Pradesh principal secretary (home), B P Acharya, in connection with a Hyderabad upmarket housing project, Boulder Hills, jointly promoted by Emaar-MGF and Andhra Pradesh Industrial Infrastructure Corporation (APIIC).

Acharya's arrest is latest in Emaar's JV hiccups in India

The Supreme Court on Thursday gave two weeks to trail judge O P Saini looking into the 2G spectrum allocation irregularities to decide whether home minister P Chidambaram should be investigated in relation to the affair.

Ruling has bearing on case in trial court

The much-touted Sethusamu-dram ship canal project, which had been in the eye of controversy since its inception 15 years ago, seems to have fallen out of favour with the government. The shipping ministry has recommended no funding for capital dredging in the 12th Five Year Plan. Instead, it has only asked for a &ldquo;token outlay&rdquo; of Rs 100 crore for the 2012-17 period.

Sethusamudram loses steam, gets only Rs 100 cr for 12th Plan

The Adani Group is poised to commission a dry bulk terminal in Gujarat&rsquo;s Kandla Port Trust. The Union government has issued a letter of intent on the project to the Ahmedabad-based diversified business conglomerate, according to a senior shipping ministry official.

Adani bags Rs 1,060-cr bulk terminal project

With the challenges of fluctuating exchange rates and a slowdown in the global economy, the country&rsquo;s online travel industry is putting its energies together to make the best of the situation.

Online travel operators bet on domestic market

Don&rsquo;t just book it, Thomas Cook it. Within weeks of launching this campaign, the UK-based travel company announced that its India business was on the block. The irony is not lost on the company. Insiders point out that people working on the latest creative and marketing strategy had no clue that the Thomas Cook brand was so close to an end in India.

Thomas Cook's heritage tag

Political violence in the Maldives has taken a toll on tourists planning a visit to the Indian Ocean archipelago. As tourists are waiting to see how the situation unfolds, travel agencies&rsquo; business to the paradise isles has dipped significantly.

Tourists wary as political tension increases in Maldives

A few months ago, when a high court judge told the Chennai Port Trust to stop handling all 'dirty cargo&rsquo;, since it was damaging the health and environment of city, it made other major ports sit up and take notice of their port-city relationship.

Major ports get ready to move out dirty cargo

The impending exit of Thomas Cook from India has sent ripples across the travel industry. While consumers may not be impacted significantly by the development initiated by the 170-year-old travel company, the pertinent industry can expect much action in the coming days.

Thomas Cook's India exit triggers industry frenzy 

The India Tourism Develop-ment Corporation (ITDC) plans to maximise revenue by leveraging resources of its existing hotels through public-private partnership (PPP) and consolidation of existing businesses.

ITDC plans consolidation of business, eyes PPP

The New Delhi Municipal Council (NDMC), civic body for a 43 sq km area in the centre of this city, has decided to invite auction bids for a hotel property in the upmarket area of Chanakyapuri when the lease ends later this year.

Central Delhi hotel to be auctioned on lease expiry this July

In 2000, Stephen Kaufer co-founded TripAdvisor with the sole objective of helping travellers plan their trip better. It has since become one of the world&rsquo;s largest travel sites, with a little over 50 million monthly visitors. He talks to Ruchika Chitravanshi on how the India venture has paid off and offers an outlook for the sector.

Indian travellers to tour more, spend more: Stephen Kaufer

The management of Thomas Cook, the UK-based travel and foreign exchange operator, has no plan to sell stake in its Indian arm, the latter clarified.

No plan to sell India biz, says Thomas Cook

The main witness in the 2G spectrum scam case and former chairman of Telecom Regulatory Authority of India (Trai), Nripendra Misra, will depose before a trial court on Wednesday. Over the last few days, 2G defence lawyers have sharpened their telecom acumen by going through the bulky policies and Trai recommendations so that they can cross-examine Misra appropriately. According to a CAG estimate, the scam may have caused a loss to the exchequer to the tune of Rs 1.76 lakh crore.

Former Trai chief Misra to be questioned today

A few hotel chains are looking to sell specific properties, while one hotel chain is looking for equity infusion.

Hotels shed specific properties

The Indian Hotels-owned Taj Group has planned to announce a new brand, to add to its current bouquet. While the name is under wraps, it is likely to be a category between their Gateway and Ginger ones.

Taj set to offer brand between Gateway & Ginger

The aviation industry is not the only one betting its future on the proposed foreign direct investment (FDI) in the sector. The tourism industry, too, is hoping to get a boost through improved air connectivity, higher fleet capacity and competitive fares.

Ruchika Chitravanshi