NEW HOTELS IN INDIA
Honouring the visionaries shaping the future of business
Bengaluru will host the ET Business Awards for Business Excellence 2025 on April 30. The event will be at Sheraton Grand Bangalore Hotel. It will celebrate innovation and leadership. Vidya Balan will be the celebrity guest. The awards will recognise 54 individuals and organisations. A panel discussion on real estate is also planned. Irfan Razack will deliver a keynote address.
Embassy REIT surpasses leasing target, clocks 10% growth in revenue and net operating income
Embassy Office Parks REIT reported a 10% increase in both revenue and net operating income for FY25, driven by strong leasing activity, particularly from Global Capability Centers. The REIT exceeded its leasing guidance, achieving 6.6 million sqft in leases and anticipates double-digit distribution growth in FY26.
CCPA takes action on 5 Delhi restaurants including Chaayos, Xero Courtyard for not refunding service charges
Central Consumer Protection Authority (CCPA) takes suo moto cognizance against five Delhi based restaurants for non-refund of Service Charge including Makhna Deli, Xero Courtyard, Castle Barbeque, Chaayos, and Fiesta by Barbeque Nation for failing to refund mandatory service charges despite judgment held by High Court of Delhi.
Actress Nushrratt Bharuccha was terrified of wearing a swimsuit in a movie scene until a solo trip changed everything
Nushrratt Bharuccha faced challenges with on-screen bikini scene in Pyaar Ka Punchnama. She felt uneasy about portraying confidence. Nushrratt took a solo international trip to overcome her mental block. She wore bikinis for three days to normalize the attire. This helped her feel natural and perform freely in the film. She broke the stigma she carried about it.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 31%
This is an undeniable fact. Most investors who have Rs. 1 lakh to invest would prefer to buy 5,000 shares of a small-cap company rather than put the same amount in Reliance and own just 73 shares. Or a Larsen and Toubro for just 30. Most investors also want the rapid returns that small- and mid-cap stocks seem to offer. We have, of course, nothing against small- and mid-caps. Some of them may indeed do well. Though many may not. The greater probability, however, is that, in the long term and from current levels, large-caps like RIL and LT may give higher returns and see less drawdown in volatile markets.
Check it if going abroad: A new forex card with no charges for ATM withdrawal, forex currency conversion and its lifetime free
Forex card: BookMyForex has launched an new single currency forex card which offers no charges for ATM withdrawals and forex currency conversion. However, these offers are being run for an limited period. Also as an introductory offer, you can get up to 2% cashback up to Rs 7,500 for forex loading transactions.
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ETtech Explainer: Why Zepto founders are taking personal debt to boost Indian ownership
Zepto's cofounders, Aadit Palicha and Kaivalya Vohra, are securing personal debt of Rs 1,500 crore to increase their stake by purchasing shares from foreign investors before the quick commerce player files for IPO. Edelweiss Alternative Asset is expected to anchor the deal. ETtech explains why the promoters are planning to raise debt ahead of the listing, and the broader picture.
Zepto founders tap Edelweiss, others for Rs 1,500 crore structured debt to boost Indian ownership
Zepto founders Aadit Palicha and Kaivalya Vohra are raising about Rs 1,500 crore through structured debt to boost Indian ownership ahead of the company’s planned IPO, people familiar with the matter told us. Edelweiss Alternative Asset is anchoring the deal alongside domestic family offices and smaller credit funds. The loan carries a minimum interest rate of 16%, with an equity-linked upside pushing total returns closer to 18%.
Hospitable workspaces: Managed office providers shift focus to hotel-like amenities, services
Managed workspace providers are increasingly focusing on hospitality to meet the demands of businesses seeking hotel-like amenities for their employees. The sector has experienced significant growth, driven by the need for bespoke office spaces and integrated technological services. Companies are now prioritizing service experience and high-quality fit-outs to attract global businesses.
IPL Portfolio: ITC among 6 all-rounder stocks from smallcase manager Karthick Jonagadla
Investors are advised to stay calm amid volatility, focus on defensive stocks like HUL and NTPC, and watch for explosive opportunities. Gold outperformed expectations, and a Dream 11 portfolio should balance momentum, defense, growth, and risk mitigation.
Apple’s India pivot; Cloud, AI fuel Alphabet's gain
Apple is seeking to assemble all iPhones sold in the US in India by next year, the Financial Times reported. This and more in today’s ETtech Top 5.
Not from IIT. Still Bengaluru techie making Rs 21 LPA at age 23. She replies how
A 23-year-old Bengaluru techie's candid social media post about career moves and financial planning has gone viral. Despite multiple job switches, she landed interviews at Google and Amazon, saving ?1 lakh monthly while enjoying life. She prioritizes experiences and parental support over extreme frugality, advocating for a balanced approach to early career and finances.
US drives a quarter of Oyo's FY25 revenue: Founder Ritesh Agarwal to leaders
Oyo's FY25 revenue landscape saw a significant shift with its US businesses, boosted by the G6 Hospitality acquisition, contributing 24% of total revenue. India's hotel count grew by 22%, enhancing serviced hotel brands. Corporate segment revenue in the US increased by 26% in Q1 2025, driven by new corporate clients.
Prestige Hospitality Ventures files draft papers for Rs 2,700 crore IPO
Prestige Hospitality Ventures plans to launch an IPO. The company aims to raise Rs 2,700 crore. It filed documents with SEBI. The IPO includes fresh equity and an offer for sale. Funds will support new assets and debt reduction. Prestige seeks to expand its hospitality portfolio. The company currently operates seven hotels.
Sensex falls! But these stocks gained over 10% on BSE
In the Nifty 50 index, 20 stocks ended in the green, while 30 stocks closed in the red in today's trade.
SAMHI Hotels shares shoot up 13% on Rs 2,200 cr JV with GIC
SAMHI Hotels surged 13% after announcing a Rs 2,200 crore joint venture with GIC to invest in upscale hotel assets. The partnership begins with five key properties in Bengaluru and Pune. Funds will be used for expansion and debt reduction, with SAMHI continuing operational control and strategic growth execution.
Pahalgam terror attack: Pakistani flag burnt as protests erupt across India
In the wake of Tuesday's terror attack which claimed 26 innocent lives in Jammu and Kashmir's Pahalgam, protests have erupted in various parts of the country as people express their anger amid the nationwide mourning over the loss of innocent lives during the attack.
Stock market update: Nifty Bank index falls 0.03% in a weak market
The Nifty Bank index was trading 0.03 per cent down at 55355.65.
Stock market update: Nifty Pharma index advances 1.27% in a weak market
The Nifty Pharma index was trading 1.27 per cent up at 22014.35.
Kashmir valley was blooming with business. Now it’s stained with blood, again
A recent terrorist attack in Anantnag's Pahalgam region, allegedly by Lasker-e-Taiba-affiliated TRF, is likely to impact Kashmir's burgeoning business sector. Despite previous resilience after Article 370 abrogation and the pandemic, this incident is expected to cast a shadow over the valley's economic progress.
Horn concertos and all that road jazz
The thought of busy crossings being soothed by languid notes of the flute by Hariprasad Chaurasia's iconic theme tune from the 1982 film, Hero, is already calming. Harmonium renditions of other popular tunes, bhajans included, could make lane-changing, signal-jumping melodic. Prime zigzaggers, autos, will put-put away while sending out cadence-full opening bars of the choicest Carnatic violin music.
Sensex rises! These stocks rallied over 15% on BSE in today's trade
In the Nifty50 index, 39 stocks closed in the green, while 11 stocks ended in the red.
Pahalgam attack triggers widespread panic in eastern India's travel industry amid mass J&K tour cancellations
The Pahalgam terror attack that killed 26 people has sparked panic in eastern India’s travel industry, leading to mass cancellations of Kashmir tours. Tour operators warn the assault, which targeted tourists, could derail years of recovery in the valley’s tourism sector, with major financial losses and a declining summer season ahead.
Sensex rises! These stocks are up over 15% on BSE
In the Nifty50 index, 20 stocks were trading in the green, while 30 stocks were in the red.
Collecting airmiles can help you save huge in travel costs: Don’t underestimate this money saver
The concept of loyalty programmes has evolved into a multi-billion-dollar industry. However, in India, we still don’t prioritise them as customers, leaving opportunities for those who do to gain significantly at the expense of those who don’t.
Summer travel: Soaring heat & affluence push Indians to book pricier, visa-free vacations abroad
As temperatures rise, Indians are increasingly booking summer vacations, both domestically and internationally, despite rising costs. Travel experts anticipate a 10-15% increase in package prices due to high demand and limited availability. Visa-free or easy-visa destinations like Azerbaijan, Vietnam, and Georgia are gaining popularity, while traditional favorites such as Thailand and Singapore remain in demand.
Cars drive into kimchi stations: How the expansion of Korean and Japanese companies has altered India’s foodscape
Initially driven by the needs of Japanese and Korean expats in India's industrial hubs, a unique culinary landscape has emerged. Companies like Maruti Suzuki faced challenges in providing authentic food for their staff, leading to the rise of specialized stores and restaurants.
MakeMyTrip Foundation, WTTCII host first India Sustainability Conclave on travel and tourism
The India Travel & Tourism Sustainability Conclave, organized by MakeMyTrip Foundation and WTTCII, addressed sustainability in the tourism sector. A highlight was the launch of the Sustainable Hospitality Handbook, created by HAI and MakeMyTrip, offering hotels practical guidance for eco-friendly practices.
Chain Reaction: More hotels coming to a town near you
Indian and global hotel chains are aggressively expanding, aiming for milestone hotel numbers by 2030, fueled by India's strong GDP growth and infrastructure development. IHCL targets 700 hotels, Radisson aims for 500, and Marriott plans for 250-300 hotels, reshaping the market with wider distribution and franchise models.
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