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ITC trying to scuttle deal with Brookfield, claim Leelaventure promoters

ITC, which held a 7.92% stake in Leelaventure at the end of March as per stock exchange data, had moved the NCLT, complaining oppression of minority shareholder interest.

KFC India to sell 61 more stores to Jaipuria-owned Devyani International

National Restaurant Association of India estimated the food service industry at Rs 4.2 lakh crore in 2018-19, and forecast to grow 9% by 2022-23 in a report released last month.

Leela, ITC slugfest: What happens to investors

Why has ITC filed a petition against Hotel Leela ventures? Who could possibly win in this slugfest? Maulik Vyas of The Economic Times explains.

ITC wants to buy Hotel Leela’s assets for song: JM Financial ARC

The counsel for JM Financial ARC said that even after knowing the financial health of Leela, ITC Hotels has been picking up stake in the company between 2008 and 2013, acquiring 13 percent.

Oyo's Chinese arm to up inventory to 500,000 rooms, list on Ctrip

China, Indonesia, UK big growth markets, says Oyo global chief strategy officer.

Indo-Pak clash likely to be high-scoring… for hospitality sector

We are expecting massive footfall anyway. The offers are just to add to all the excitement,” said Pramode Bhandari, area general manager at The Park Kolkata.

IHG signs agreement with Paraag for 2 hotels in Bengaluru

One of the hotels will be under InterContinental Hotels & Resorts brand, while the other will come under Crowne Plaza, IHG said in a statement.

Indian Hotels, GIC to launch a dozen hotels in three years

Most hotels would be under the Taj brand, but some might carry the Vivanta tag.

ITC restructured the WelcomHotel brand to make it more contemporary: Sanjiv Puri

ITC Ltd executive director Nakul Anand said the company’s joint venture subsidiary in Nepal, Surya Nepal, is going to build a WelcomHotel brand property there.

ITC launches new hotel in Kolkata

ITC said the hotel has been built with an investment of nearly Rs 1400 crore and has banquet and convention facilities covering a total area of 61000 square feet.

Oberoi and Trident in Gurgaon introduces solar panels

With 27,000 solar panels installed, the plant’s performance ratio is determined to be 76.50%.

ITC says it hasn’t made any offer for Leela assets

ITC says it hasn’t made any offer for Leela assets

ITC had also challenged the transaction in NCLT, claiming mismanagement and oppression of minority shareholders by the way the deal was structured.

Restaurants’ body writes to government for dual GST structure

Restaurants’ body writes to government for dual GST structure

Suggests 12% for restaurants that want to claim input tax credit and 5% for others.

Safety first: Hotels spruce up security systems

Safety first: Hotels spruce up security systems

A series of bomb blasts ripped through high-end hotels such as Shangri-La and churches in Sri Lanka in April which killed nearly 300 people.

Hotels, catering segment now a big deal for cash & carry

Hotels, catering segment now a big deal for cash & carry

Stricter rules have led restaurants, hotels & catering segment to shift to cash-&-carry.

NCLT accepts Hotel Leelaventure's request to hear petition after 6 weeks

NCLT accepts Hotel Leelaventure's request to hear petition after 6 weeks

Leelaventure had sought the NCLT more time before it starts hearing the petition filed by lender JM Financial Asset Reconstruction Company.

HOTELS / RESTAURANTS STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty Services Sector16803.95111.20.660
Indian Hotels Company158.84.83.121335700
EIH173.752.451.43129747
Thomas Cook (India)213.559.14.4577750
Chalet Hotels301.7-2.25-0.744408
Jaypee Hotels Ltd.(Merged)229.1500211952
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