Regulatory - Page 6

Prominent Chennai hotelier Vikram Aggarwal is in advanced stages of acquiring a three-star Clarion Hotel in Chennai in a deal estimated to be valued at approximately Rs 180 crore, two people familiar

KOLKATA: The city-based Jain Group, one of the leading real estate developers, is planning to invest Rs 500 crore by 2030 to expand its footprint in the hospitality sector. It has collaborated

Representative Image AHMEDABAD: The Gujarat high court on Wednesday ordered the state govt to take possession of Surat’s Agriculture Produce Market Committee’s (APMC) five-star hotel constructed on the market yard’s land. It

MUMBAI: Manish Lalwani-promoted Omkara ARC has acquired Park Hyatt Hyderabad‘s loans for ₹300 crore from lenders at a 34% discount from sellers that included BlackRock and JM Financial. The all-cash deal involved

Representative Image MUMBAI: Asset reconstruction companies (ARCs) are lining up for the bankrupt ACCIL Corp‘s ₹270 crore debt in what is turning out to be a rare 100% recovery for banks. The

File Photo The bankruptcy court in Ahmedabad has rejected Gujarat-based Express Group of Hotels’ revival plan for Neesa Leisure Ltd, which operates a luxury hotel chain under the brand Cambay. The company

SHIMLA: The two-decade long legal battle between East India Hotels (EIH) of the Oberoi Group and the Himachal government over Wildflower Hall Luxury Hotel ended with the Supreme Court upholding the order

State pollution control board seals 9 hotels in Mussoorie. (Representational image) The Uttarakhand Pollution Control Board (UPCB) on Wednesday sealed nine hotels in the town after they failed to obtain required consent

File Photo Oyo Hotels & Homes, which first filed a draft application for an initial public offer (IPO) of over $1 billion in October 2021, is finalising plans to withdraw the papers

Representative Image NEW DELHI: Mumbai-based D B realty on Friday said its board has in-principally approved a proposal to demerge the company’s hospitality business as part of its efforts to unlock the