23 Oct 2025

The government has confirmed that the UDAN regional air connectivity scheme will continue beyond April 2027, after successfully operationalising 649 routes connecting 93 unserved and underserved airports, including 15 heliports and 2 water aerodromes. Over 1.56 crore passengers have travelled on more than 3.23 lakh flights under the scheme. Airlines have received over INR 4,300 crore in Viability Gap Funding, while INR 4,638 crore has been invested in airport development. The expanded UDAN framework will focus on hilly, North Eastern, and aspirational regions, adding about 120 new destinations.Read more

23 Oct 2025

Carnelian Asset Management has invested INR 100 crore in Park Medi World, which operates a chain of hospitals under the Park brand, as part of a pre-IPO round. The deal involved promoter Ajit Gupta selling 61,72,840 equity shares, or about 1.6 percent of the company's stake, at INR 162 per share. Park Medi World's planned INR 1,260 crore IPO, already approved by regulators, aims to fund debt repayment, new hospital development, and equipment purchases across its expanding network of 13 hospitals in North India.Read more

22 Oct 2025

Leela Palaces Hotels & Resorts has reported a profit after tax of INR 75 crore for the second quarter, marking its fourth consecutive quarter of profitability. Revenue rose 11% year-on-year to INR 333 crore, driven by a 13% growth in revenue per available room, reflecting higher occupancy and improved average daily rates. EBITDA increased by 17% to INR 161 crore, while operating margins expanded to 25.2%. The company also announced its international expansion with a new property in Dubai's Palm Jumeirah, highlighting its strategic growth plans.Read more

21 Oct 2025

MakeMyTrip, a NASDAQ-listed travel technology platform, has introduced an AI-driven semantic search feature to make hotel and homestay discovery easier for travellers. The feature allows users to describe their accommodation needs in natural language, removing the need to navigate multiple filters. Queries such as "pet-friendly hotels in Manali with a swimming pool" or "heritage stays near Jaipur forts with parking" are understood by the AI, which presents relevant options with property visuals, curated user-generated content, and personalized rankings. The platform aims to enhance convenience and improve the overall stay-booking experience.Read more

21 Oct 2025

Chalet Hotels Limited has launched its new upper-upscale brand, ATHIVA Hotels & Resorts, beginning with six properties across India. The project involves an investment of about INR 1,500 crore, mostly funded through internal accruals. The first property, The Dukes Retreat in Khandala, will open this week, marking ATHIVA's debut. The upcoming hotels include a renovated business property in Navi Mumbai, The Resort at Aksa Beach, and three greenfield projects in Goa and Thiruvananthapuram. The company expects all six properties to become operational by 2029 and aims to double ATHIVA's portfolio to 1,800 rooms within three years.Read more

21 Oct 2025

OVS, Italy's renowned fashion brand, has launched its first flagship store in India at Pacific Mall, Tagore Garden, New Delhi. Spanning 9,000 sq. ft., the store showcases a wide array of collections, from everyday essentials to premium lines, reflecting Italian design, quality fabrics, and contemporary style. Before the opening, a pop-up installation offered shoppers an immersive preview of OVS' aesthetic and collections. The launch highlights the brand's international growth strategy and its focus on delivering accessible, stylish, and sustainable fashion to Indian consumers, catering to the increasing demand for global fashion experiences in the country.Read more

20 Oct 2025

Shapoorji Pallonji Real Estate (SPRE) has partnered with Fortis Memorial Research Institute (FMRI) to provide comprehensive healthcare services to residents of its Gurugram projects, Joyville Gurugram and The Dualis. SPRE will supply infrastructure while FMRI will handle medical centres, staffing, and equipment. Residents will receive a range of complimentary services including vitals monitoring, first aid, injections, dressings, and fortnightly internal medicine consultations, along with discounts on diagnostics, health check-ups, and IPD services at Fortis Gurugram. Emergency ambulance support is also included, reflecting SPRE's commitment to integrating healthcare into community living.Read more

20 Oct 2025

AI Fleet Services IFSC Ltd (AIFS), the leasing arm of Air India, secured a USD 215 million loan from Standard Chartered and Bank of India to finance six Boeing 777-300ER aircraft. The seven-year term loan, routed through GIFT City, marks the first commercial aircraft financing via India's international financial hub. The financing supports Air India's Vihaan.AI transformation programme, which includes fleet renewal, mergers with regional carriers, and network expansion. Earlier payments via AIFS show growing domestic financing capability. GIFT City is emerging as a hub for aircraft financing, reducing dependence on offshore lessors.Read more

20 Oct 2025

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has crossed the milestone of 250 operational hotels in India, offering a total of 25,500 rooms. In the first half of the current fiscal year, the company signed 46 properties and opened 26 hotels, including locations like Darjeeling, ECR Chennai, Pondicherry, Mohali, and Kruger National Park in South Africa. Executives highlighted that these additions reflect consistent progress under the company's "Accelerate 2030" plan. IHCL is on track to expand its portfolio to 700 hotels by 2030, strengthening its presence across domestic and international markets.Read more

17 Oct 2025

ITC Hotels has partnered with DSR Hospitality Services to open two new managed hotels under its Welcomhotel brand in Hyderabad and Nellore. The Hyderabad Panjagutta property will have 117 rooms, while the Nellore hotel will feature 127 rooms. This expansion strengthens ITC Hotels' presence in Andhra Pradesh and Telangana, supporting the company's strategic growth into new cities. Leadership stated that the partnership reflects the group's commitment to increasing its footprint across India while maintaining high standards of service and hospitality for both business and leisure travelers.Read more