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Delhi bans religious, political gatherings, protests of over 50

 Delhi Chief Minister Arvind Kejriwal on Monday said religious, social, cultural and political gatherings as well as protests comprising more than 50 people will not be allowed in the national......

Lemon Tree Hotels will divest 49% stake in 2 years

 Most of the hotels in the country, including the Indian ones that traditionally owned assets, have embarked upon an asset light model for a faster growth and quicker returns.Lemon Tree is likely to......

Lemon Tree, Warburg set to form realty JV

Warburg Pincus, the private equity major, is set to enter an equal joint venture with Patu Keswani's Lemon Tree Hotels to get into affordable housing. It may see the two infuse $100 million (Rs 455......

Warburg buys stake worth Rs 280 cr in Lemon Tree

 US-based equity investment firm Warburg Pincus has picked up stake worth Rs 280 crore (Rs 2.8 billion) in the hospitality chain Lemon Tree Group, which has embarked on a Rs 500 crore (Rs 5 billion)......

Strong prospects, valuations to drive gains for hotel stocks

 The hospitality industry has around 212,000 rooms, with an industry size of about Rs 82,000 crore. Photograph: Jason Lee/Reuters The industry could grow at an annual rate of 10.5 per cent for the......

Hotel stocks have more room for an upside; buy selectively: Analysts

 The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in fiscal 2023-24 (FY24). Image used for......

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