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    • Annapoorna issues clarification after MD's private meeting with FM goes viral post-GST discussion

      Annapoorna issues clarification after MD's private meeting with FM goes viral post-GST discussion

      The bench observed the parties have "mutually consented" to withdraw the scheme on account of the settlement agreement and the board of directors has passed the resolutions to withdraw the scheme of amalgamation.

    • Lemon Tree Hotels signs license agreement for 55-room property in Dehradun

      Lemon Tree Hotels signs license agreement for 55-room property in Dehradun

      Keys Prima by Lemon Tree Hotels will include 55 furnished rooms, along with a restaurant, bar, banquet hall, meeting rooms, and various other public spaces, the company said.

    • Global hotel chains eye India for development with more luxury signings

      Global hotel chains eye India for development with more luxury signings

      An expanding middle class with more disposable income and rising medical tourism and business travel from overseas portend strong growth.

    • Why hotel startup Treebo is betting big on IoT and Bots?

      Why hotel startup Treebo is betting big on IoT and Bots?

      Released on a pilot basis, the bots can detect the number of people, profile them, roughly calculate their age, and based on this display customized content.

    • Indian Hotels plans to phase out Gateway, Vivanta brands

      Indian Hotels plans to phase out Gateway, Vivanta brands

      The country‘s second-largest hotel chain Indian Hotels Company (IHCL) will rebrand most of its 55-60 Gateway and Vivanta by Taj properties to bring them under Taj.

    • Royal Orchid plans to start 5-6 new hotels before March 2017

      Royal Orchid plans to start 5-6 new hotels before March 2017

      The average revenue per room has risen by 5 percent year-on-year in the second quarter of current fiscal. Jaiswal is confident that the ARR will keep climbing up every quarter.

    • Will sell realty to cut debt; eye 20% growth: Kamat Hotels

      Will sell realty to cut debt; eye 20% growth: Kamat Hotels

      Kurian Chandy, CFO, Kamat Hotels India Ltd says, in an interview to CNBC-TV18, that the hospitality chain will sell realty to cut debt to the tune of Rs 150 crre and expects 20 percent growth in revenue in FY14.

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