The hotel industry’s revenues and margins are expected to return to pre-COVID levels in 2022-23 despite potential impact on demand in case of further waves of the pandemic, according to ratings agency ICRA. Domestic leisure and transient travel will be theThe hotel industry’s revenues and margins are expected to return to pre-COVID levels in 2022-23 despite potential impact on demand in case of further waves of the pandemic, according to ratings agency ICRA. Domestic leisure and transient travel will be the
Tag: new business news
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Adani Data Networks, Jio, Airtel, Vodafone Idea, To Bid For Spectrum
Billionaire Gautam Adani-led Adani Data Networks, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the upcoming 5G auction, according to a list issued by the Department of Telecom on Tuesday. The spectrum auction, scheduled to start onBillionaire Gautam Adani-led Adani Data Networks, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the upcoming 5G auction, according to a list issued by the Department of Telecom on Tuesday. The spectrum auction, scheduled to start on
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Bosch To Invest Over Rs 200 Cr, In Next 5 Years In India
Auto components major Bosch Ltd will invest over Rs 200 crore in India in the next five years in advanced automotive technologies and digital mobility space, its Managing Director Soumitra Bhattacharya has said. The company is also “quietly and cautiously optimisticAuto components major Bosch Ltd will invest over Rs 200 crore in India in the next five years in advanced automotive technologies and digital mobility space, its Managing Director Soumitra Bhattacharya has said. The company is also “quietly and cautiously optimistic
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Crude Oil Prices Decline On Fresh Covid Worries In China
At the time of writing this copy, both the major benchmarks of crude Brent and WTI are trading with a cut of between 1.8-2%, with prices at $105 and $102 per barrel levels. The prices are on a drawdownAt the time of writing this copy, both the major benchmarks of crude Brent and WTI are trading with a cut of between 1.8-2%, with prices at $105 and $102 per barrel levels. The prices are on a drawdown
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1 United States Dollar Equals 79.63 Indian Rupee Now
Rupee has been slumping and slumping owing to a lot of headwinds such as continued FPI outflow, crude oil price still maintained above $100 per bbl and the likes. In trade on Tuesday (July 12, 2022), rupee opened at 79.438 andRupee has been slumping and slumping owing to a lot of headwinds such as continued FPI outflow, crude oil price still maintained above $100 per bbl and the likes. In trade on Tuesday (July 12, 2022), rupee opened at 79.438 and
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High UAE Gas Prices Stand, Out Where Cheap Fuel Was The Norm
Mere years ago, fuel was cheaper than bottled water in the oil-rich United Arab Emirates. Now, long lines snake outside gas stations on the eve of price hikes each month. Fuel prices in the major OPEC producer, set in line withMere years ago, fuel was cheaper than bottled water in the oil-rich United Arab Emirates. Now, long lines snake outside gas stations on the eve of price hikes each month. Fuel prices in the major OPEC producer, set in line with
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SpiceJet Chairman Ajay Singh Booked, For Allegedly Defrauding Gurugram Businessman
SpiceJet chairman Ajay Singh was booked here for allegedly duping a businessman on the pretext of allotting him company shares, police said on Monday. Complainant Amit Arora claimed Singh has defrauded others also in a similar manner. According to the complaint,SpiceJet chairman Ajay Singh was booked here for allegedly duping a businessman on the pretext of allotting him company shares, police said on Monday. Complainant Amit Arora claimed Singh has defrauded others also in a similar manner. According to the complaint,
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Fed’s Bullard: Solid US Economy, Can Handle Rising Rates
The US economy is healthy and shows little sign of an imminent recession, and can withstand higher interest rates, St Louis Federal Reserve president James Bullard said Monday. Financial markets are flashing signs that an economic downturn could arrive sometime nextThe US economy is healthy and shows little sign of an imminent recession, and can withstand higher interest rates, St Louis Federal Reserve president James Bullard said Monday. Financial markets are flashing signs that an economic downturn could arrive sometime next
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Delta Corp Gains After Good Q1Fy23 Results
Delta Corp, primarily a real estate company that has also diversified into casinos and is also in segments like hospitality among others, has opened trade on a firm note. The scrip gained by over 2% to day’s high price of Rs.Delta Corp, primarily a real estate company that has also diversified into casinos and is also in segments like hospitality among others, has opened trade on a firm note. The scrip gained by over 2% to day’s high price of Rs.
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Looming Musk-Twitter Legal, Battle Hammers Company Shares
Shares of Twitter slumped almost 10% in the first day of trading after billionaire Elon Musk said that he was abandoning his USD 44 billion bid for the company and the social media platform vowed to challenge Musk in court toShares of Twitter slumped almost 10% in the first day of trading after billionaire Elon Musk said that he was abandoning his USD 44 billion bid for the company and the social media platform vowed to challenge Musk in court to