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ITC takes control of Park Hyatt in Goa

Thursday, September 20, 2018, 8:54 AM

Luxury hotel operator ITC has taken control of the Park Hyatt Goa Resort and Spa at Cansaulim. The cigarettes-to-hotels conglomerate had acquired the 252-room resort for Rs 541-crore from asset-owning firm Blue Coast Hotels through an auction held by the Industrial Finance Corporation of India (IFCI) in 2015. As a result of which Blue Coast had to vacate the 45-acre beach-side property, Sep-18, 2018.
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Will rupee, oil prompt RBI to withdraw its accommodative stance?

Thursday, September 20, 2018, 8:49 AM

A month back, we had concluded that with the CPI inflation for Q2 FY2019 set to lag the monetary policy committee’s (MPC’s) estimate of 4.6%, the likelihood of a rate hike in the October 2018 policy review was low, in spite of the rupee having weakened to Rs 70.23/$ (RBI reference rate as on August 16, 2018).
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'LoveYatri' fated for 'Padmavat-like' legal twist?

Thursday, September 20, 2018, 8:42 AM

A division bench of Gujarat High Court, headed by Chief Justice R Subhash Reddy, has sought details of the re-christening of the movie LoveRatri to LoveYatri. The court was hearing a Public Interest Litigation (PIL) that claimed the title and contents of the film hurt sentiments of Hindus as it is a spin on the word 'Navratri'.

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