11 Feb 2026

Wormwood Hotels, a hospitality brand with a growing focus on eastern India, has outlined plans to expand its portfolio to 10 properties by the end of 2027, involving a total capital expenditure of around INR 100 crore. Founded by Soumya Sengupta, an IHM Kolkata alumnus with over two decades of experience in hotel operations, the company currently operates five hotels with 237 keys across Bhagalpur, Puri, Varanasi and Darjeeling. The group aims to add around 200 additional keys as part of its next phase of growth. Projects at Santiniketan and Siliguri are under construction, while land has been acquired in the Sunderbans. The company is also exploring opportunities in Kolkata, reinforcing its regionally anchored expansion strategy.Read more

10 Feb 2026

MakeMyTrip has entered into a strategic partnership with global hospitality group Minor Hotels to expand international accommodation options for Indian travellers. The collaboration adds city hotels and resort properties across Europe, Asia, and the Middle East to the MakeMyTrip platform. Around 60 Minor Hotels properties are currently live, with plans to scale up listings across the group's wider portfolio of over 560 hotels. The tie-up supports MakeMyTrip's strategy to strengthen its direct international hotel inventory and respond to rising outbound travel demand from India.Read more

10 Feb 2026

JetSetGo has entered into a memorandum of understanding with UK-based Vertical Aerospace to plan the induction of 50 Valo electric aircraft in India as part of a broader advanced air mobility strategy. The partnership focuses on route planning, operational studies, regulatory engagement and commercial viability for electric and hybrid-electric aircraft. JetSetGo will conduct demand and feasibility assessments for metro and short-haul regional routes, while Vertical Aerospace continues certification work on the Valo aircraft, which is targeted for approval in 2028.Read more

10 Feb 2026

Hourly hotel stays are gaining traction in India as travellers seek convenience, privacy, and flexibility. Brevistay, a platform offering such bookings, has strengthened user trust by implementing rigorous hotel verification, clear privacy policies, and flexible payment options. Guests must be at least 18 years old and provide valid ID at check-in. Brevistay addresses check-in issues, refunds, and sensitive bookings, including couple-friendly and interfaith stays, while leaving special requests like celebrations to hotel discretion. Rising adoption reflects changing urban travel preferences and the growing credibility of hourly stays.Read more

09 Feb 2026

Air India Express is expected to report its first operating profit since being acquired by the Tata Group in 2022, indicating steady improvement in the airline's financial and operational performance. The low-cost carrier's progress is supported by capacity expansion, higher market share, and tighter cost management. The airline is also investing over USD 70 million in aircraft cabin upgrades and standardisation. While the full-year result may still show a loss, the projected operating profit marks a key operational milestone in the airline's ongoing turnaround.Read more

09 Feb 2026

The MATECIA Exhibition, held alongside the Surfaces Reporter Architecture Event, wrapped up a successful three-day run in Kolkata, bringing together the architecture, interiors and building materials community from East and Northeast India. Hosted at Biswa Bangla Mela Prangan from 30 January to 1 February 2026, the event saw steady footfall from architects, interior designers, developers, manufacturers and dealers. Spread across 150,000 sq. ft., the exhibition featured over 100 brands and attracted 14,000-16,000 visitors from more than 100 cities and towns. Key highlights included the Surfaces Reporter Salutes awards, India Interior Retailing platform and interactive brand showcases, reflecting the region's growing design and construction momentum.Read more

06 Feb 2026

Thomas Cook India reported a marginal decline in consolidated net profit for the December quarter, weighed down by a one-time provision linked to the implementation of new labour codes. Net profit fell 3.83% year-on-year to INR 44.87 crore, compared to INR 46.66 crore in the corresponding quarter of the previous financial year. Despite the profit dip, the travel services company recorded steady operational growth, with revenue from operations rising to INR 2,145.68 crore during the quarter. Total expenses also increased, reflecting higher activity levels. Excluding the one-off labour-related provision, the company said profitability remained resilient, with profit before tax showing healthy growth. The performance came amid a challenging global travel environment, underscoring the group's ability to sustain revenue momentum while absorbing regulatory-related costs.Read more

06 Feb 2026

Indian Hotels Company Limited has entered into a framework agreement with Rajdarbar Group to develop seven Ginger hotels across north India, adding over 1,000 rooms to its portfolio. The partnership covers a mix of greenfield and brownfield projects and has already seen the opening of a 59-key Ginger hotel in Gurugram. Planned locations include Jaipur, Agra, Mathura, Vrindavan, Hisar and Karnal. The hotels will operate under fully fitted lease models, supporting IHCL's asset-light expansion strategy in high-demand regional markets.Read more

06 Feb 2026

Cochin International Airport Ltd (CIAL) is set to introduce India's first hydrogen-powered buses for passenger movement after entering into an agreement with the Kerala Hydrogen Valley Innovation Cluster Foundation under the National Green Hydrogen Mission. The project involves the deployment of three hydrogen fuel cell electric buses, with financial support capped at INR 2.90 crore per bus and a total project cost of INR 8.7 crore. The buses are expected to be delivered within a year and will be owned and operated by CIAL, supported by a green hydrogen supply facility being developed at the airport.Read more

05 Feb 2026

IKEA India reported a significant widening of its total loss to INR 1,325.2 crore in FY25, with revenue from operations falling by 3.33 per cent to INR 1,749.50 crore, according to company filings. Total income, including other sources, declined 3.9 per cent to INR 1,780.10 crore. Advertising and sales promotion expenses rose 14.06 per cent to INR 223.9 crore. The company's total borrowing also increased to INR 8,335.20 crore as it invests in expanding its network through an omnichannel approach, including two new stores in Gurugram and Noida, while FDI approvals near their earlier targets.Read more