MUMBAI, India – The Ritz-Carlton Hotel Company, LLC has signed a long term management agreement with a consortium led by Oberoi Realty and Sahana Group to open the first Ritz-Carlton in Mumbai, the en
MUMBAI, India – The Ritz-Carlton Hotel Company, LLC has signed a long term management agreement with a consortium led by Oberoi Realty and Sahana Group to open the first Ritz-Carlton in Mumbai, the entertainment, commercial and financial capital of India, and the second in the country following the recent opening of The Ritz-Carlton, Bangalore in Karnataka.
The 238-room Ritz-Carlton will be located in Worli, the heart of central Mumbai, a thriving new business district with easy access to the international airport.
Sensex slips 183 pts, Nifty settles below 15,700-mark; Tata Steel jumps 4%
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Indices hit day s low; broader market trades firm
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We are not very sure about how profitable Zomato s business model is, but given that there is a frenzy for good names in the IPO market the pricing looks to be pretty decent, says Hemang Jani, Equity Strategist & Senior Group VP, Motilal Oswal Financial Services. Edited excerpts from an interview:
How should one approach Indian Hotels at this point of time? As things get ironed out on the Covid front, will there be a massive surge in the stock?
Indian Hotels management articulated in its investor meet their strategy to capitalise on the business recovery, focus on the new brands and businesses and, more importantly, pursue asset light growth. We are in a revival mode. Stronger players with better balance sheets and cost controls are in a position to take advantage of the revival. This bodes extremely well for a player like Indian Hotels.
Sensex climbs 53 pts, Nifty above 15800; realty stocks advance
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