Cox and Kings said that its hotel subsidiary Meininger Hotels announced the opening of its first hotel in Hungary. The hotel, named Meininger Budapest Great Market Hall, will have 751 beds in 184 rooms spread over 6,600 square metres on seven floors. The new hotel is located in the Ferencydros district, close to the Great […]
Travel services company Thomas Cook reported a 20% increase in travel bookings for the festival season. Festivals like Holi and Kumbh Mela have boosted the company’s domestic travel business, with demand up by over 12%, it said. There was a significant rise in the international bookings too, with a growth of more than 20%, it […]
Jubilant FoodWorks Limited (JFL), which operates the Dominos and Dunkin brands of fast food in India, has entered the Chinese food segment with an aim to make it affordable to the average customer. The company opened its first Hong’s Kitchen outlet today in Eros mall, Gurugram. At present, the market for Chinese food in India […]
Cox & Kings said its hotel subsidiary, Meininger, has signed “an agreement for a hotel in Reykjavik”, the capital of Iceland in Europe. The company did not clarify who will own the property, but it is likely that ownership will be with a third party, with Meininger managing the hotel. Meininger is a subsidiary of […]
Royal Orchid hotel chain said it has opened its 49th property near the Bharatpur bird sanctuary in Rajasthan. Regenta Resort has 50 rooms, including Royal Suites, Club Rooms and Family Suites, as well as executive suites. It also comes with an in-house restaurant and two function halls. Bharatpur is a popular winter destination for North […]
Hotel Leelaventure, one of India’s biggest hotel groups, said it missed yet another interest payment on debt issued to Life Insurance Corporation of India. “The company has defaulted in payment of quarterly interest of Rs 212.67 lakhs, which was due on 19 September, 2018,” it said in a statement. Leela had raised debt of Rs […]
The Thomas Cook (India) said it will prepay about Rs 67 cr of corporate bonds to make the standalone company debt-free by the end of this month. It said it will also pay off short-term debts using the proceeds of an offer for sale of its shares. This, said the travel and tourism company, will […]
Cox & Kings said it subsidiary MEININGER Hotels and investor LGIM Real Assets have signed an agreement for a new hotel in Glasgow. The hotel will be located on West George Street opposite Queen Street Train Station and will offer 160 rooms and 590 beds and is scheduled to open in 2020. This is the […]
Royal Orchid Hotels announced the opening of its eighth new hotel this year at Nashik, the wine capital of India. ‘Regenta Resort Soma Vine Village’ has 32 rooms with “varied” dining and banquet facilities, the hotel chain said. With this, the total number of hotels in the chain has reached 49. Chander Baljee, Managing Director […]
Club Mahindra, the holiday company owned by Mahindra & Mahindra, said it purchased two non-operating companies that have started ‘villa construction’ business in Sweden. The acquisition of the companies were done at a nominal price of 50,000 Swedish Kronas (Rs 4 lakh) each. The two companies were established recently, in October last year, under Swedish […]
Royal Orchid Hotels said it opened its 48th hotel in Pushkar under the name of ‘Regenta Resort Fort’. “We are taking continuous steps towards expanding our presence all over India,” said Chander K. Baljee, Managing Director, Royal Orchid Hotel. The chain has opened seven properties – Mysore, Ahmedabad, Dehradun, Kanpur, Dwarka, Indore and Pushkar in […]
Royal Orchid Hotels announced the opening of its new hotel in the pilgrimage town of Dwarka in Gujarat. “We are taking continuous steps towards expanding our presence all over India. The new hotel launch in Dwarka is one such move towards our aim,” said Chander K. Baljee, Managing Director, Royal Orchid Hotels. The company has added […]
A month after Lupin got it, Ajanta Pharma too said it got the approval to launch a generic version of Concordia Pharmaceuticals Inc.’s ADHD drug Kapvay. Lupin had got the nod in October, and said the drug had sales of around $66 mln in the US. Ajantha Pharma also said it has already launched the […]
Cox and Kings said Private Equity firm SSG Capital acquired the 34.42% stake held by Rohatyn Group in its subsidiary Prometheon Holdings (UK) Limited. SSG Capital Group also owns 2.72% stake in Cox & Kings Ltd. Prometheon Holdings is the Holding company of Holidaybreak, which in turn operates brands PGL, NST, EST, Travel Works and […]
Royal Orchid Hotels said it had tied up with Bespoke Hotels of the UK to market each others’ properties to their customers. Bespoke manages over 200 hots with 9,500 hotel rooms, 8,000 employees and £815 million of assets. “Royal Orchid now has the ability to offer its guests hundreds of hotel options across multiple global […]
Thomas Cook, the travel services company, said it had purchased the forex business of Tata Capital, Tata Capital Forex, in its entirety. “We would like to inform you that the Board of Directors of the Company at their Meeting held on 25th September, 2017, approved the acquisition and signing of a definitive agreement with TATA […]
Lupin said it received final approval to market a generic version of G.D. Searle LLC Flagyl antibiotic tablets in the US. Flagyl tablets had US sales of USD 44.1 million Lupin’s Metronidazole Tablets USP, 250 mg and 500 mg are the AB rated generic equivalent of the drug. It is indicated in the treatment of […]
Cox & Kings-powered adventure company Trip 360˚ organized a unique outing in Rabale in Navi Mumbai. Unlike regular hikes and treks, this one was not just focused on enjoying nature, but also preserving it. The plantation was done at Tetavli, Rabale. The site which was initially a barren land is being worked upon by Hariyali […]
The Madras High Court has asked the government of Tamil Nadu not to open any liquor shops for three months after complaints that it did not comply with the Supreme Court order on relocating roadside liquor shops. Unlike in most states in India, alchohol shops in Tamil Nadu are run directly by the state government under a […]
The ministry of consumer affairs, food and public distribution is still waiting to hear from the hotel and restaurant industry associations on how they intend to resolve the issue of levying service charges ‘unfairly’. The matter had come to a head in early January when the ministry sent a directive to all state governments asking […]
