This large Indian startup stops paying salaries to 3,500 staff

access_timeMay 17, 2020

New Delhi: Corona virus is wreaking havoc for the economic activity and one of the hardest hit sectors is travel and hospitality. Hotel room aggregato...

Mahindra Holidays and Resorts Ltd suffer consolidated net loss at Rs 161.51 cr for Q4FY20

access_timeMay 09, 2020

New Delhi: Mahindra Holidays and Resorts India Ltd’s consolidated net loss stood at Rs 161.51 crore for the fourth quarter of 2019-20 fiscal as agains...

Oyo Hotels & Homes Reports Loss Of Rs 2,200 Cr For FY19

access_timeFebruary 17, 2020

New Delhi: Oyo Hotels & Homes has reported a loss of USD 335 million (About Rs 2,200 crore) fiscal year ending 31 March, 2019 as compared to USD 52 mi...

Delhi Hospitality Grp Raided By IT Dept; Rs 1,000 Cr Assets Seized

access_timeJanuary 26, 2020

New Delhi: The Income Tax (IT) department has found Rs 1,000 crore worth of hidden foreign assets of a major hospitality group based in Delhi-NCR. The...

5-star Hotel To Come Up On Part Of Existing Pragati Maidan In Delhi

access_timeDecember 04, 2019

New Delhi: A 5-star hotel will be developed on part of the existing Pragati Maidan in Delhi. The government has approved the a plan to authorise India...

85 Branded Hotels To Be Set Up In The Country With 8,612 Rooms: JLL

access_timeJuly 29, 2019

New Delhi: As many as 46 branded hotels have been set up in the first half of the current calendar year and deals for another 85 have been signed in t...