Chinmai Sharma, Chief Revenue Officer, Taj Hotels Resorts and Palaces told CNBC-TV18 that the restructuring exercise is basically a move towards ‘mono-branding‘ from ‘house of brands‘. It means we will basically be putting ‘Taj‘ in front of everything that we do
The company had posted a net profit after taxes, minority interest and share of profit/loss of associates of Rs 61.84 crore for the corresponding period of the previous fiscal, Indian Hotels Company said in a BSE filing
Tata Group firm Indian Hotels Company Ltd (IHCL) today said its consolidated net loss has widened by 49.79% to Rs 33.36 crore for the quarter ended June 30, 2012, mainly on account of increased expenditure costs.
The Indian Hotels Company Ltd said Tata Sons Ltd has increased stake in it by 4.78% to 24.36% at an investment of Rs 497.47 crore. Indian Hotels Company Ltd (IHCL) and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces.
Taj Hotels Resorts and Palaces on Thursday said it has entered into a management contract with Morocco's JK Hotels to manage 'Taj Palace Marrakech', which will increase the company's global portfolio to 17 hotels.