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With no funds for salaries, Hyatt shuts Mumbai hotel


With no funds for salaries, Hyatt shuts Mumbai hotel
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One of Mumbai’s best known 5-star hotels, The Hyatt Regency, is set to shut down ‘until further notice’. Indicating the financial strain it faces, the property’s authorities have said they have no money to pay salaries. The hotel, located close to the Mumbai airport, is owned by Asian Hotels (West).
In a short statement released, the hotel’s general manager Hardeep Marwah said the parent firm had not sent money for operations. “This is to inform all the on-roll staff of the hotel that no funds are forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai, to enable payment of salaries or to support the operations of the hotel,” Marwah wrote. ....

Hardeep Marwah , Asian Hotels , Asian Hotels West Ltd , Hyatt Regency , Hyatt Regency Mumbai , ஆசிய ஹோட்டல் , ஆசிய ஹோட்டல் மேற்கு லிமிடெட் , ஹையட் ரீஜென்சி , ஹையட் ரீஜென்சி மும்பை ,

52-week low: Stock market update: 34 stocks hit 52-week lows on NSE


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NEW DELHI: Around 34 stocks fell to touch their 52-week lows on NSE in Monday s session.
Among the stocks that touched their 52-week low on NSE were: Asian Hotels (West), AKG Exim, Deep Energy Resources, Generic Engineering, GFL, Global Vectra Helicorp, Khaitan (India), Sharda Motor, Spencer s Retail, Suvidhaa Infoserve, Taj GVK Hotels and Zodiac Clothing.
Domestic benchmark index NSE Nifty was trading 329.45 points down at 14288.4, while the BSE Sensex was trading 1127.33 points down at 47704.70.
On the other hand, Linde India, CAMS, Cipla, Cadila Healthcare and Wipro stocks hit their fresh 52-week high today.
In the Nifty 50 index, Cipla, Dr. Reddy s, Britannia, Infosys and Divi s Labs were among the top gainers on the NSE. However, Axis Bank, Kotak Bank, Bajaj Finance, ICICI Bank and SBI were among the top losers. ....

Suvidhaa Infoserve , Vectra Helicorp , Axis Bank , Kotak Bank , Energy Resources , Asian Hotels , Deep Energy Resources , Generic Engineering , Global Vectra Helicorp , Sharda Motor , Linde India , Cadila Healthcare , Bajaj Finance , 52 Week Low , Khaitan India Ltd , Zodiac Clothing Company Ltd , Taj Gvk Hotels Amp Resorts Ltd , Akg Exim Ltd , Asian Hotels West Ltd , Spencers Retail Ltd , Generic Engineering Construction And Projects Ltd , Global Vectra Helicorp Ltd , சுவிடா இனிபோசெறுவே , அச்சு வங்கி , கோட்டக் வங்கி , ஆற்றல் வளங்கள் ,