Cut in GST rate to 18% from 28% will help sector, says company
The stock was up 5% to Rs 137 on BSE in intra-day trade after Tata Sons acquired more than 6% stake in the company from three promoter entities as part of restructuring the investment portfolio
The Tata hotel chain's tech platforms and round-the-clock command centre have helped in attracting digital natives
Shares of Indian Hotels Company today closed at Rs 114.50 per scrip on the BSE
The stock was donw 6% at Rs 112.50, extending its Monday's 3% fall on BSE.
NDMC wanted to auction the lease, as was the mandate under the New Delhi Municipal Act, 1994
SC often held selection criteria for govt auction are left to discretion of administrative authority
If favours are shown, other bidders can take the matter to court which will delay execution of lease
Taj Mahal, also known as Taj Mansingh Hotel, is a 294 room property, located in Lutyens' Delhi