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Dividend Stock: Small Cap ITC Hotel Stock Sets Record Date For Dividend

Gujarat Hotels Limited, associated company of ITC Limited, on Thursday fixed August 25, 2023 as the record date for final dividend of Rs 2 per equity share of Rs 10/- each for the financial year ended March, 2023. Gujarat Hotels shares ...

TATA Group Company To Operate Cochin Airport's Hotel Project With Rs 100 Cr Investment

TATA group's Indian Hotels Company Limited (IHCL), which owns the luxury hotel brand 'Taj', will operate Cochin International Airport Limited's (CIAL) five-star hotel at the airport premises with an estimated investment of Rs 100 crore, a release said here on Thursday. ...

'Radisson' Announces Entry Of Luxury Lifestyle Brand In India

Radisson Hotel Group on Wednesday announced the entry of its luxury lifestyle brand "Radisson Collection" in India with the signing of the first hotel in Hyderabad. The 300-room hotel is close to the city's financial district, which houses business centres, IT ...

4 Hotel and Hospitality Sector Stock Ideas from Sharekhan

Sharekhan in its brokerage report has identified 4 stocks of companies that are part of quick service restaurants and hospitality chain that have potential to grow. The companies are Restaurant Brands Asia, Indian Hotels Company, Lemon Tree Hotels and Wonderla Holidays ...

Competition Comm Slaps Penalties Totalling, Rs 392 Cr on MakeMyTrip, Goibibo, OYO

The Competition Commission on Wednesday slapped penalties totalling more than Rs 392 crore on online travel firms MakeMyTrip, Goibibo and hospitality services provider OYO for unfair business practices. A fine of Rs 223.48 crore has been slapped on Make My Trip-Goibibo ...

ICRA Expects Hotel Industry Revenues, Margins, To Return To Pre-COVID Levels In FY23

The hotel industry's revenues and margins are expected to return to pre-COVID levels in 2022-23 despite potential impact on demand in case of further waves of the pandemic, according to ratings agency ICRA. Domestic leisure and transient travel will be the ...

Get Ready To Pay 12% Tax On Hotel Rooms Below Rs 1000/Day, 5% GST On Hospital Rooms Above Rs 5000

In a latest development that may jolt common men, the Goods and Services Tax (GST) Council has given nod to impose a 5% goods and services tax (GST) sans input tax credit (ITC) on hospitals rooms with rent going above Rs ...

What Gets Cheaper And Expensive After 37th GST Council Meet

After a clamour for GST tax rate cuts from across industries to tackle sluggish demand, the 37th GST Council meet held on Friday in Goa, after hours of deliberation, reduced tax rates on a number of items. So, as the revised ...

18% GST On 5-Star, Other Hotels With Tariff Less Than Rs 7,500

Hotels, including those with the 5-star rating, will attract GST rate of 18 per cent for room tariffs of less than Rs. 7,500, the government clarified on Tuesday. As per the rate structure decided by the GST Council, hotels, guest houses ...

Now, You Can Refuse To Pay Service Charges At Restaurants

Service charge on a food bill is not compulsory and a customer can choose to have it waived if not satisfied with the experience, the government said. The Centre has also asked states to ensure that hotels/ restaurants disseminate this information ...

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