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No slowdown for Marriott, will add 26 hotels by 2020

Friday, October 18, 2019, 12:17 PM

At a time when the pace of economic growth has slowed, Marriott, which emerged as the largest foreign chain in India with 119-hotels, will open six properties this year and 20 more by 2020. "Hotels are not built in relation to the economic cycle. They are meant to last for decades through various economic situations," said Neeraj Govil, senior VP (south Asia), Marriott International.
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Pakistan not likely to be blacklisted at FATF plenary meeting

Friday, October 18, 2019, 12:10 PM

Pakistan may yet again avoid being blacklisted by the Financial Action Task Force (FATF), whose plenary meet ends in Paris on Friday, but it is likely to continue on the grey list despite concerted efforts to escape any censure from the multilateral body set up in 1989 to check money laundering and terrorism financing.
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Air India buyer may be allowed to rename airline

Friday, October 18, 2019, 12:05 PM

Potential buyers of Maharaja are unlikely to have any pre-condition for retaining the brand name Air India and be free to rename the airline after acquiring. The first-attempt to sell off the debt-laden airline in March-2018 had stipulated that the successful bidder would have to retain AI brand name for a specific period, which would have been spelt out in the request for proposal.

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