Market News
Stay updated with the latest market trends, earnings, and economic indicators.
The Leela unveils The Leela Coorg Forest Sanctuary
The Leela Palaces, Hotels and Resorts unveiled The Leela Coorg Forest Sanctuary, the new identity for its recently acquired retreat in Coorg.
Tata Group-owned IHCL signs 20 hotels in Q1, says poised to achieve 700-hotel portfolio by 2030
Indian Hotels Company Ltd signed twenty new hotels during the first quarter. The company is well poised to reach seven hundred hotels by the year 2030. Seventeen of these signings focused on growth brands like Gateway and Ginger. Taj also reached a milestone of one hundred fifty hotels with three new signings. IHCL expanded its operating portfolio to over three hundred eighty hotels globally.
Tata Group-owned IHCL to invest Rs 6,000-7,500 crore in capex over five years: Chandrasekaran
Indian Hotels Company Limited (IHCL) is set to invest between Rs 6,000 crore and Rs 7,500 crore in capital expenditure over the next five years. Tata Group Chairman N Chandrasekaran revealed this at the company's AGM, highlighting plans for the upcoming 50-floor, 500-room Taj Bandstand in Mumbai, a project expected to cost around Rs 2,000 crore and become an iconic landmark.
Hotel demand rebounds; ICICI Sec keeps Buy on ITC Hotels, IHCL, Lemon Tree
ICICI Securities has reiterated its 'Buy' rating on ITC Hotels, Indian Hotels Company, Leela Palaces Hotels & Resorts, Chalet Hotels, Lemon Tree Hotels and Brigade Hotel Ventures.
IHG eyes deeper Adani partnership, more hotels at airports across India
IHG Hotels & Resorts is eyeing significant expansion in India, aiming to deepen its partnership with Adani Airport Holdings (AAHL) beyond the recently signed five-hotel deal. IHG plans to launch more hotels at airports and in urban commercial hubs, leveraging AAHL's extensive airport infrastructure. This strategic move aims to capitalize on India's infrastructure growth and meet rising demand across various market tiers.
Lemon Tree Hotels signs two new resorts in Maharashtra’s Tadgaon and Igatpuri
Shares of Lemon Tree Hotels Ltd ended at ₹111.90, down by ₹3.50, or 3.23%, on the BSE.
Taj GVK Hotels to exit Nifty India Corporate Group Index - Tata Group
According to a decision taken by the Index Maintenance Sub-Committee (Equity) of NSE Indices, Taj GVK Hotels & Resorts will be removed from the index. No replacement stock will be added following the exclusion.
Taj GVK Hotels set to open Taj Yelahanka hotel in Bengaluru.
Taj GVK Hotels and Resorts is set to open Taj Yelahanka hotel in Bengaluru.
Advani Hotels & Resorts (India) standalone net profit rises 2.09% in the March 2026 quarter
Sales rise 5.97% to Rs 35.51 crore
ITC Hotels Acquires Zuri Hotels And Resorts For Rs 175 Crore
After the completion of the transaction on Tuesday, Zuri Hotels and Resorts has become a wholly-owned subsidiary of ITC Hotels.
ITC Hotels buys Zuri Resorts for ₹175 crore to expand luxury push
ITC Hotels has acquired Zuri Hotels and Resorts for up to ₹175 crore, strengthening its luxury portfolio and expanding presence in premium leisure destinations.
ITC Hotels acquires Zuri Kumarakom, Kerala Resort & Spa
ITC Hotels has today signed definitive agreements for acquisition of a luxury resort in Kumarakom, Kerala - The Zuri Kumarakom, Kerala Resort & Spa (Resort). The Company will acquire 100% stake in Zuri Hotels & Resorts (ZHRPL), which owns the Resort, at an Enterprise Value of Rs. 205 crore, on a debt-free and cash free basis, subject to customary adjustments as per the definitive agreements.