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Indian Hotels divests 1.24% stake in Belmond for $11.96 mn

Tata Group hospitality arm Indian Hotels has said its overseas arm Samsara Properties has sold over 12.7 lakh shares of Belmond for a consideration of USD 11.96 million (over Rs 82 crore) to pare debt.

Indian Hotels delists GDRs from London Stock Exchange

Consequently, the company has also issued a notice to Citibank N.A for termination of the existing depository agreements of the GDRs, it added.

Taj Group sees turnaround in two years

Taj Group, owned by Indian Hotels, which is weighed down by mounting losses and heavy debt Monday said it sees the group turning around and reporting profit within two years.

Indian Hotels board clears 80.1% stake acquisition in LEPPL

Tata Group firm Indian Hotels Company (IHCL) on Thursday said its board has approved the proposed acquisition of the remaining stake in Lands End Properties for a sum not exceeding Rs 17 crore.

LIC reduces stake in Indian Hotels by 2.01%

State-owned Life Insurance Corporation (LIC) has reduced its stake in Tata group hospitality firm Indian Hotels Company by 2.01 percent as it sold 11.75 crore shares in the open market.

Sebi clears Indian Hotels rights issue worth up to Rs 1,000 cr

In rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio.

Indian Hotels to open new Taj in Dubai this year

Indian Hotels Company Limited (IHCL) will open its new Taj hotel here in the fourth quarter of this year.

Hotel industry sees no signs of revival: India Ratings

Hotel industry continues to face a muted revenue growth, stagnated profitability and elevated credit risk in FY15, driven by lower demand growth and supply-side pressures, an India Ratings & Research (Ind-Ra) report said.

Hotels challenge 1.30 am deadline on New Year`s eve in HC

The Indian Hotels and Restaurant Association (AHAR) on Monday approached the Bombay High Court challenging the city police`s 1.30 am deadline for eateries and restaurants on New Year`s eve.

Indian Hotels abandons $1.2 billion bid for Orient-Express

In October last year Indian Hotels made an unsolicited bid to acquire Orient-Express, in which it has a 7 percent holding.

Indian Hotels to open up to 28 'Gateway' properties in 3 yrs

Tata's IHCL also plans to soon open properties under the Gateway brand in Chennai, Kolkata, Raipur and Hyderabad.

HC to hear Tata's plea over Taj Mansingh property on Tuesday

New Delhi Municipal Council (NDMC) owns the land on which the hotel stands at Mansingh Road while IHC manages the property and pays a revenue-share fee to the council.

Indian Hotels Q3 profit up 28% at Rs 64.62 cr

The company had posted profit after tax (PAT) of Rs 50.48 crore for the corresponding quarter last fiscal, Indian Hotels Company Ltd (IHCL) said in a filing to BSE.

Reviewing options over Orient-Express: Indian Hotels

"The company (IHCL) had received a response from Orient- Express Hotels on November 8, 2012 wherein...The view of the company's (Orient) board was that it would be in their opinion a highly disadvantageous time to sell the company (Orient). The Company (IHCL) is reviewing its options in this regard," IHCL said while declaring its third quarter results.

Tatas studying Orient-Express rejection of takeover bid

Tata Group firm Indian Hotels Company (IHCL) Friday said it is reviewing the rejection of its takeover bid by the luxury hotels chain Orient-Express (OEH) board and is considering their options with respect to their offer to acquire OEH.

Indian Hotels up 3% as Orient rejects buyout offer

Shares of Tata Group firm Indian Hotels on Friday rose about 3 percent after luxury hotels chain Orient Express rejected its USD 1.86 billion buyout offer.

Orient Express rejects Tatas' buyout offer, again

Luxury hotels chain Orient Express Thursday rejected the "unsolicited" USD 1.86 billion buyout offer from Tata Group firm Indian Hotels, saying the bid significantly undervalues the company.

Indian Hotels Q2 net loss at Rs 6.36 crore

Tata Group firm Indian Hotels Company Tuesday reported a net loss of Rs 6.36 crore for the quarter ended September 30, 2012.

Hotel revenues to remain muted in short term: India Ratings

Revenue growth of Indian hotel companies are likely to remain muted in the short term as corporates resort to cost cutting measures and foreign tourist numbers decline amid sagging economic scenario, a report says.

Premium hotels' profitability to plunge, says Crisil

"Slowing demand growth, large-scale room additions will cause occupancy rates of premium hotels in these cities to slip," Crisil said.