InterContinental Hotels Group, the world’s top hotelier, signed a joint venture partnership with Duet India Hotels Group to develop its Holiday Inn Express brand in the Indian market.
Posts Tagged ‘India’
Hotel industry aims $10bn investment in India over 5 years
The hotel industry in India is looking at investing USD 10.3 billion by 2015, which will create 60,000 rooms and 2,000 news jobs. CNBCTV18’s Swati Khandelwal Jain reports more on the top global hotel companies which have big expansion plans in India
Talwalkars launches new brand – Hi Fi
Talwalkars Better Value Fitness , the largest health club chain in India with a presence in more than 50 cities, has announced the launch of its 100th health club.
FTIL, SBI, Alexandra Mauritius to dilute stake via MCX IPO
India’s leading commodity exchange Multi Commodity Exchange of India has filed draft red herring prospectus with the market regulator SEBI for initial public offer of 6,427,378 equity shares of Rs 10 each.
India Cements Mar qtr PAT seen dn 59% at Rs 48cr
PINC Research has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, India Cements March quarter sales are expected to go down by 3.3% at Rs 941.9 crore, yearonyear, (YoY) basis.
ADB forecasts strong growth for Asia in 2011, 2012
Asian economic growth will ease slightly to just under 8% for the next two years as the region continues a solid recovery led by China and India, the Asian Development Bank has said, although rising food prices threatened to throw more people into poverty.
Mahindra Satyam shares up after SEC settlement
Shares of Mahindra Satyam rose more than 9% on Wednesday, a day after the technology firm agreed to pay USD 10 million to settle US probes into an accounting fraud that in 2009 became India’s biggest corporate scandal.
CCEA to take up CairnVedanta deal today; Cairn India up
Cairn India touched an intraday high of Rs 370.45 and an intraday low of Rs 366. At 09:17 hrs the share was quoting at Rs 368, up Rs 2.75, or 0.75%
‘AAI can detain aircraft if airlines default on dues’
The Supreme Court today stayed the Bombay High Court order that Airport Authority of India (AAI) can’t detain aircraft on account of airlines’ pending dues.
Germany won’t funnel oil money from India to Iran
A plan for India to funnel oil payments to Iran through Germany’s central bank at a time when Tehran faces international sanctions has been scrapped, a German government official said today.
Kilpest India launches novel biotech JV plant in Bhopal
Agrochemical company Kilpest India launched the novel biotech plant of Indo-Spanish joint venture company – `3B Blackbio Biotech India`, in industrial area, Govindpura in Bhopal. The company has entered into a joint venture with two Spanish biotechnology companies, namely Biotools B&M Labs, and its spin-off company 2B Blackbio Biotech, Madrid, for establishing the new JV company. This JV will manufacture molecular biology enzymes/reagents used widely in the biotechnology field and will also make molecular diagnostic kits based on Spanish patented technology for various diseases like..
`SEBI go ahead for Cairn takeover, open offer soon`
UK-based Vedanta Group today said it has received market regulator SEBI `s nod for a USD 9.6 billion deal to acquire a 51% stake in Cairn India and will launch an open offer soon. “We have already received the SEBI`s approval for an open offer. The issue will open very soon
Cable & Satellite: The rising sector &`Sunset Clause`
MAPE Securities recommends `Buy` on Dish TV, DEN Networks and Hathway Cable and Datacom in cable & satellite sector.



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