Overseas business to contribute 25% to revenue by FY27: EaseMyTrip co-founder Prashant Pitti
EaseMyTrip is looking for acquisitions in non-air space, reveals Prashant Pitti.
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ITC shares rise after analysts meet; Jefferies sees 17% upside
Post analysts meet, Prabhudas Lilladher has maintained ‘Accumulate’ rating on ITC shares, while Emkay Global Financial and Jefferies have retained ‘Buy’ ratings.
Why ITC share is falling after hotel demerger announcement
Shareholders seemed to be unhappy with demerger ratio as they would not get one share against each share they are holding in ITC.
ITC shares hit fresh all-time high; m-cap crosses ₹6 lakh cr
The FMCG major has joined the league of biggies such as RIL, TCS, HDFC Bank, ICICI Bank, HUL, and Infosys to become the seventh-most valued firm on BSE.
ITC Q4 profit rises 23% to ₹5,175 crore
The ITC board recommended a final dividend of ₹6.75 and a special dividend of ₹2.75 per equity share.
Hospitality's sustainability challenge
Though adopting sustainable practices has become mandatory for hospitality companies, it is an expensive proposition for the legacy brands.
Hotel industry revenues, margins to reclaim pre-Covid levels in FY23: ICRA
ICRA expects pan-India premium hotel occupancy to be at 68-70% for FY23.
Restaurant service charge 'unfair'; Govt to crack down with new law
Restaurant associations say that when service charge is mentioned on the menu, it involves an implied consent of the consumer to pay the charge.
Cloud kitchens and the future of restaurants
Cloud kitchen as a concept was gaining popularity even before the pandemic struck, but now they have become more lucrative, and can operate in a fraction of the traditional restaurant space.
Lemon Tree charts a lean, mean, and light path
Covid-19 hasn’t dampened the spirit of Lemon Tree Hotels’ founder Patanjali Keswani. Instead, the hotelier sees this as an opportunity to expand, albeit via a more sustainable business model.
