Page 8 - Indian Hotels

Unlock theme stocks may see good times once 'business as usual' revives

Most of the signals are positive, and if sustained, many businesses could see a big rebound

Indian Hotels to eliminate single-use plastic across properties by 2030

Tata group hospitality firm Indian Hotels Co Ltd (IHCL) on Tuesday said it will completely eliminate single-use plastic across all its hotels by 2030, besides committing to skill 1 lakh youths in the next five years as part of its sustainability and social impact measures under a newly launched initiative, Paathya. The company has outlined a host of short and long-term goals for 2030 with a commitment to sustainability, social impact and growth. These include ensuring 100 per cent reuse of wastewater, 50 per cent of energy to come from renewables and 100 per cent of the company's hotels certified to a global sustainability standard. "By 2030, all (our) hotels will be single-use plastic-free, have onsite organic waste management systems, and all of the wastewater will be recycled or reused. Also, 100 per cent of all of our hotels will be EarthCheck certified," IHCL Managing Director & CEO Puneet Chhatwal said while launching the Paathya initiative. Amongst other initiatives that ..

Stocks to Watch: Indian Hotels, TCS, Dabur, Bosch, Ashok Leyland, Insurance

Insurance related stocks could see some action as the India Protection Quotient (IPQ) survey 4, stated that term insurance ownership has gone up from 36 per cent to 43 per cent in the last two years.

Tata Sons to dilute stake in Indian Hotels; looks to raise Rs 2,000 crore

On a standalone basis, IHCL's gross debt was Rs 1,665 crore and it had liquidity of Rs 580 crore, as of December last year

Christmas, New Year help hospitality firms' Q3 earnings as Covid curbs ease

Most hospitality firms, particularly the ones that have a strong presence in the leisure locations, report year-on-year growth.

Indian Hotels checks in with strong growth in Q3, stock up 17% since Jan

Company's metrics are strong but investors should track consistency on demand, room rates and occupancy.

Street signs: Hospitality in focus, Vedant Fashions GMP at 5%, and more

Brokers are advising clients to build long positions in hotel and restaurant stocks on hopes of a sharp uptick in business

Indian Hotels reports consolidated net profit of Rs 95.96 cr in Dec qtr

Tata group hospitality firm Indian Hotels Co Ltd (IHCL) on Tuesday reported a consolidated net profit of Rs 95.96 crore for the third quarter ended December 31, 2021. The company had posted a consolidated net loss of Rs 133.22 crore in the same period last fiscal, IHCL said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,111.22 crore, as against Rs 559.86 crore in the year-ago period, it added. "The momentum of quarter-on-quarter growth has continued in the third quarter led by the upswing in domestic demand and recovery in international markets," IHCL Managing Director and CEO Puneet Chhatwal said. Stating that the company's performance is closely reflective of pre-COVID levels, he said, "we will continue to strengthen our portfolio and growing the new businesses while maintaining our asset-light strategy." Despite the ongoing challenges of the pandemic, IHCL said it continued on its path of business expansion and consolidati

Market wrap: Sensex gains 814 points ahead of Budget in broad-based rally

Govt okays Neelachal Ispat sale to Tata Steel Long Products; stock rises 6%; Adani Wilmar IPO subscribed 17.36 times; GMP halves in a week; Hotel stocks rally on improved outlook after third wave

Make travel expenses deductible under ITR in Budget: Hospitality industry

Notably, the sector has been heavily battered due to the Covid-19 pandemic and the subsequent restrictions imposed to check the infections' spread

Hospitality industry on alert mode amid threat from Omicron variant

With states imposing restrictions on gatherings for Christmas and New Year celebrations, hoteliers and restaurant operators are, however, staring at possible booking cancellations

Indian Hotels' net loss narrows to Rs 130 cr in Q2 on strong recovery

To raise Rs 4000 cr via Rights Issue and QIP

Indian Hotels' consolidated net loss narrows to Rs 130 cr in Sept quarter

Tata group hospitality firm Indian Hotels Co Ltd (IHCL) on Thursday reported narrowing of its consolidated net loss at Rs 130.92 crore in the second quarter ended September 30

Hotels roll out red carpet for year-end vacationers after brisk Dussehra

For the annual recovery to reach 2019 levels, though, it may still take another six to 12 months

Oriental Hotels Q2 net loss narrows to Rs 4.83 crore

Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, on Tuesday reported a consolidated net loss of Rs 4.83 crore for the second quarter ended September 30, 2021. The company had reported a net loss of Rs 17.88 crore in the July-September period of the previous financial year. Its revenue from operations stood at Rs 52.34 crore for the period under review as compared to Rs 15.8 crore in the year-ago period, Oriental Hotels said in a regulatory filing. The company's board at its meeting on Tuesday re-appointed Pramod Ranjan as managing director and CEO for a further term of three years with effect from November 11, 2021, based on the recommendation of the nomination and remuneration committee. Oriental Hotels has seven hotels, including Taj Coromandel, Chennai; Taj Fisherman's Cove Resort and Spa, Chennai; and Taj Malabar Resort and Spa, Kochi.

This Jhunjhunwala-owned hotel stock has rallied 32% so far in September

Indian Hotels shares have gained 25 per cent in the last four trading sessions

Hotel stocks rally; Indian Hotels at new high, Chalet, EIH gain up to 14%

Analyst believe hospitality business will be back to pre-Covid level by Q4FY22, if there won't be third wave of the pandemic

Indian Hotels launches new exclusive Taj The Chambers club in London

The Indian Hotels Company Limited (IHCL) has launched its newest membership club, Taj The Chambers, in London as part of a wider Re-imagined worldwide drive for India's leading hospitality brand.

Indian Hotels to raise Rs 3,000 cr via rights issue for capex, pruning debt

Tata Group's hospitality arm has been using rights issues for fund raising regularly. It raised Rs 1,500 cr in April 2017, Rs 1,000 cr in January 2016 and Rs 844 crore in Feb 2008

After a subdued Q1, hotels seeing sharp month-on-month recovery

But that's only when one takes into account the year-on-year performance. The first quarter of last year was a washout for the sector due to the nationwide lockdown