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Tata Motors to raise up to Rs 500 cr via securities

A meeting of the duly authorised committee has approved subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, aggregating up to Rs 500 crore, the auto major said in a regulatory filing

ITC Hotels launch Welcomhotel Tavleen Chail in Himachal Predesh

URL copied Welcomhotel Tavleen Chail has 65 well-appointed guest rooms, including 18 cottages and a luxury suite ITC Hotels group on Thursday announced the launch of Welcomhotel Tavleen Chail, under its brand Welcomhotel, the second property under the brand in Himachal Pradesh. Welcomhotel Tavleen Chail has 65 well-appointed guest rooms, including 18 cottages and a luxury suite, ITC Hotels said in a statement. This launch follows the inauguration of Welcomhotel Shimla about six months ago. With the addition of the premier mountain resort at Chail, the Welcomhotel brand currently has a portfolio of around 19 properties across India. “With the Indian tropical summer approaching, we believe it is the perfect time to launch another Welcomhotel outpost in Himachal Pradesh,” said ITC Executive Director Nakul Anand.

Look forward to repo rate cut by RBI in future: India Inc

URL copied RBI decided to leave the benchmark interest rate unchanged at 4 per cent India Inc on Friday said it is looking forward to repo rate cut in future as cost of funds has to come down in coming times, but expect continuation of accommodative policy stance by Reserve Bank of India (RBI). RBI decided to leave the benchmark interest rate unchanged at 4 per cent, but maintained an accommodative stance as the economy faces the brunt of the second COVID wave. Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry said that the RBI has maintained an accommodative stance as long as necessary to revive and sustain growth on a durable basis and to continue to mitigate impact of COVID-19 and keep inflation within the target.

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