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 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

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

Hotels shed specific properties

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

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

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 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

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