The corporation said it tested 1,623 employees of star category hotels from December 16 till January 3, and the results of 159 people were ...

Around 89 per cent of Leela's shareholders had voted in favour of the deal.

ITC is seeking a waiver on equity-ownership threshold to be eligible to file a case against the embattled provider of luxury leisure accomm...

The counsel for JM Financial ARC said that even after knowing the financial health of Leela, ITC Hotels has been picking up stake in the co...

ITC alleged that large amounts will be paid to the promoters and JM Financial ARC will also benefit from the deal but the company will not ...

ITC had also challenged the transaction in NCLT, claiming mismanagement and oppression of minority shareholders by the way the deal was str...

Leelaventure had sought the NCLT more time before it starts hearing the petition filed by lender JM Financial Asset Reconstruction Company.

ITC currently holds a 7.92% stake in Leelaventure.

ITC is seeking a waiver of the 10 percent minimum shareholding requirement to file a petition alleging oppression and mismanagement.

Vivek, chairman and managing director, and Dinesh, co-chairman and managing director, are currently in the midst of negotiating a sale of a...

Hospitality experts said it made sense for luxury hotels to sell their suites that were otherwise lying vacant in a tough market.

Hotel Leela will hypothecate its properties in Chennai and Delhi for the KKR transaction and the Rs 2,000-crore loan will be for a term of ...

The Leela chain, in which ITC Hotels holds 12% stake, has been in the red for the past several quarters, competition and demand-supply mism...

Itc's Hotel biz contributes less than 2% to earnings but swallows big cash. A little over 1/5th of ITC's capex of Rs 2,750 cr was spent on ...

Though ITC’s hotel segment has taken a hit, co expects to add 5,000 rooms over the next five years to its current capacity of 8,000 rooms.

Hotel Leela Venture's Rs 3,000-cr debt restructuring proposal has hit a wall with top lenders Indian Overseas Bank, Syndicate Bank and BoI.

Five-star hotels are stocking their bars with private labels of rare whiskies and fine wines, pushing the indulgence of wealthy clients .