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Home / Business / IHCL and Ambuja Neotia group tie up to roll out 4 new hotels in Bengal and Sikkim IHCL and Ambuja Neotia group tie up to roll out 4 new hotels in Bengal and Sikkim While the properties will be built by the realtor, the hospitality company will manage the assets
Indian Hotels Company Ltd (IHCL), the largest hospitality player in the country, may further expand its partnership with the city-based Ambuja Neotia group. The duo is planning to develop four more properties in Bengal and Sikkim, including one at Darjeeling.
Ambuja owns land parcels in Ghoom and near Gorumara forest in North Bengal and in Sunderbans, apart from one at Rabangla in Sikkim. They are likely to be developed under the Taj brand. While the properties will be built by Ambuja, IHCL will manage the assets.
For Tatas, Chandra’s 5th year at the helm may be best yet
N Chandrasekaran - PAUL NORONHA×
Out of over ₹8.6-lakh cr market cap added over 4 years, 85% has come from TCS, Tata Motors, Tata Steel and Titan
When N Chandrasekaran took charge of Tata Sons in 2017, he had spelt out three broad areas of focus bringing the group closer together under ‘One Tata’ strategy, driving operating performances, and enabling greater rigour to capital allocation policies. Four years on, Chandra has laid the foundation for Tata group’s next phase of growth with a number of big-ticket moves including the rollout of its e-commerce super-app platform, a big thrust to the electric vehicle segment, healthcare, and high-tech manufacturing.