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INDIGO ACCOR
InterGlobe's lifestyle hotel brand Miiro expands its Europe footprint with 15 hotelsInterGlobe Enterprises' Miiro, a lifestyle hotel brand, has expanded to 15 properties across Europe since its launch last year, demonstrati...- Accor, InterGlobe looking to beef up presence through Treebo franchise dealInterGlobe Enterprises and Accor are in discussions with Treebo for a master franchise partnership, aiming to expand their presence in Indi...
- India, Indonesia and Vietnam set for travel ‘bonanza’ as middle classes growIndia, Indonesia, and Vietnam are expected to see a surge in tourism due to the growing wealth of their middle classes. Hotel group Accor p...
- IndiGo promoter sells about 2% shareAfter the share sale, the Rahul Bhatia owned company will continue to remain IndiGo’s largest shareholder with around 35.7% stake in the co...
- Accor bullish on India, to open 30 more hotels in five yearsEurope's largest hotel chain, Accor, plans to launch 30 hotels in India totalling about 5500 keys over the next three to five years. In an ...
- IndiGo renews its partnership with French hospitality group AccorBudget carrier IndiGo has renewed its partnership with French hospitality group Accor. Through this partnership, IndiGo's 6E Rewards member...
- In Covid times, top hotels booked for big fat Indian weddingHotels are liable to get full due to the new social distancing norms for both residential rooms as also banquet spaces and states relaxing ...
- Gangwal seeks rejection of Bhatia plea in US court to get documentsBhatia has moved the London Court of International Arbitration (LCIA) in New Delhi on October 1 in his allegations of Gangwal’s breach of t...
- IndiGo cofounder Rahul Bhatia takes partner Rakesh Gangwal to court in FloridaBhatia has filed the plea seeking information about Gangwal’s alleged breach of shareholders' agreement.
- IndiGo crisis: Understanding related party transactionsWhile there are a few contentious issues on which Gangwal and Bhatia disagree, one of the main reasons for their public fallout has been ov...
- Interglobe Enterprises dismisses ‘whistleblower plaints’ as just a smokescreenWas there really any whistleblower plaint or not? Gangwal insists there was one, while Bhatia camp denies it.
- IndiGo to soon finalise policy for related-party transactionsThe talks between the two feuding camps were brokered by IndiGo chairman M Damodaran.
- IndiGo shareholders deserve a better reward than infightingPromoter quarrel couldn’t have come at a worse time for minority shareholders of IndiGo.
- Bhatia’s IGE denies it took any advantageIt said the value of related-party transactions amounted to Rs 150 crore for 2018-19.
- IndiGo promoters’ feud takes serious turn; Gangwal seeks Sebi’s interventionGangwal in a letter to Sebi has alleged “collapsing corporate governance standards” at IndiGo.
- InterGlobe's Bhatia refutes charges by Gangwal, says related party transactions just 0.53% of turnoverRakesh Gangwal in a letter to Sebi has raised many governance issues relating to certain RPTs.
- InterGlobe Hotels plans Rs 700 crore investment to add 6 hotels in India by 2022The company currently has 19 hotels across the country under 'ibis' brand with 3,559 rooms.
- Elections, rising supply to dampen hotel industry’s performance in 2019: ReportOver the last two years, hotel supply in India grew by 3.7% in 2017, and 3.5% in 2018, while demand grew by 7% and 6.8%, the report said.
- Accor brings luxury brand Raffles to India; group to add 5K workforce in 3 yearsAccor is looking to add 24 hotels in India in next 3 years and adding around 4,000-5,000 people to its workforce.
- Bhatias of IndiGo Airline top bidder for GMR's Novotel Hyderabad hotelThe Bhatias of IndiGo Airline have emerged as top bidders for Novotel Hyderabad Airport, a GMR group hotel, in a deal worth Rs 300 crore.
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