So far in 2024, stocks of The Indian Hotels Co. Ltd (IHCL), EIH Ltd, Chalet Hotels Ltd and Lemon Tree Hotels Ltd have gained 97%, 64%, 41%, and 27%, respectively. A good part of the recent surge can be attributed to the recovery in the September quarter (Q2FY25). After a challenging Q1 due to heatwaves and elections, the sector saw a pickup across the board last quarter led by strong occupancies and improvement in ARRs or average room rates.
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Big banks flee climate coalition formed to cut carbon emissions
U.S. megabanks want to leave behind some green pledges in 2024 finance Morgan Stanley, Citigroup, and Bank of America this week withdrew from an ambitious pandemic-era climate coalition designed to help drive a shift to reduce carbon emissions by businesses.
Training
Is war a debate, a dilemma or a drama? Or can it be a poem? A class contemplates its many meanings
No End
An idyllic summer comes to a close with the dawn of realisation
Ocean of Spines
Trying to conjure a sliver of the past, and remember to whom a story belonged
What we want to read in 2025
The Lounge teamâs list of unread books has only grown longer, while we also revisit and re-read old favourites
Data rules draft: focus on minors, national security
A draft of rules for India's data protection law has proposed that parents must identify themselves before their children can join certain online platforms.
Netbanking 2.0: NPCI pilot to ease mobile payments
You're about to pay for a purchase on a popular e-commerce website from your mobile, but your bank doesn't show up in the netbanking list.
New Angels Rush To Prop Early-Stage Funding Slack
Sports stars, actors and young professionals are taking early bets on new startups
Divided EU allows India to pitch for carbon tax relief
Differences within the European Union (EU) over a looming carbon border tax have given India an opportunity to pitch for some relief from its onerous requirements that are expected to hurt exports to one of the country's largest trading partners.
States' Q4 borrowing to rise 18% after Q2 growth slump
Capex boost likely as West Bengal, Maharashtra, Karnataka lead â¹4.73 tn borrowing plan