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Key Stocks to Monitor: Hindalco, ZEE, Devyani International, Union Bank of India, Power Finance Corp

On Wednesday, February 21, 2024, the NSE Nifty 50, which is currently hovering at record-high levels, is expected. ....

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In setback for Oberoi Group flagship, SC confirms order to hand over Shimla's Wildflower Hall to Himachal govt

The Himachal Pradesh High Court, in the first week of January, had allowed a petition from the state government and directed EIH to vacate the historic luxury property located in Mashobra, Shimla. ....

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SC asks East India Hotels to hand over Wildflower Hall to Himachal govt

About a month back, the HC mandated East India Hotels (EIH) of the Oberoi Group to surrender possession of the renowned five-star Hotel Wildflower Hall to the Himachal Pradesh Tourism Development Corporation (HPTDC) within two months. ....

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eih: Wildflower Resort Case: Himachal gets time to reply to EIH's plea

In 1995, The Oberoi Group converted the property spread over 77,000 square meters into a five-star hotel after signing an agreement with the Himachal Pradesh state government through a joint venture called Mashobra Resort (MRL). Under the arrangement, the state government got shares that translated into a stake in the venture. As per its annual 2022-2023 report, EIH holds 78.79% shares in MRL, and the ownership interest held by non-controlling interests is listed as 21.21%. ....

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Wildflower Hall | Oberois thwart attempt by Himachal Pradesh government to grab possession of Wildflower Hall

The sudden stealth operation was mounted just days after the death of the Oberoi group patriarch PRS (Biki) Oberoi and in violation of the terms of an arbitration award handed down in 2005 that neither of the parties accepted in its entirety ....

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