Apeejay Surrendra Park Hotels is set to claim 55 per cent of revenues from its upcoming luxury hotel and serviced-apartment development along Kolkata's EM Bypass. The 3.5-acre project, in partnership with Ambuja Neotia Group, will house a 250-key five-star hotel and 100 serviced residences. With most approvals in hand and municipal clearance expected soon, construction is slated to begin shortly. Residential units will launch around Diwali. The ambitious venture promises strong margins without additional capital and is expected to generate INR 600 crore in total revenues over three years.Read more

The Tata Group's Indian Hotels Company Ltd (IHCL) has signed agreements to acquire 51 % stakes in ANK Hotels Pvt Ltd and Pride Hospitality Pvt Ltd, which operate 135 hotels under the Clarks Hotels & Resorts brand. The deal involves a cash investment of up to INR 110 crore for ANK Hotels and INR 94 crore for Pride Hospitality. IHCL has also entered a distribution and marketing agreement with Brij Hospitality, adding 19 more hotels to its network. The move aligns with IHCL's asset-light strategy and expands its reach in India's mid-scale segment.Read more

ITC Hotels' Fortune brand is expanding in Uttar Pradesh with a new property in Lucknow through a tie-up with CEM Hospitality, bringing its operational presence in the state to seven hotels. Located on Lucknow-Kanpur Road, the 93-room hotel will feature a multi-cuisine restaurant, rooftop dining, a bar, banquet halls, a swimming pool, gym, and spa. CEM Hospitality Chairman Indermohan Singh said the partnership leverages Fortune's strong brand and operational expertise. The group already operates hotels in Lucknow, Aligarh, Ghaziabad, and Noida, with new developments underway in Ayodhya and other locations, reflecting its strategy to strengthen its presence in high-growth destinations.Read more

Reliance Retail, India's largest retailer and part of Reliance Industries, has scaled up its capital expenditure by 37.5%, reaching INR 33,696 crore for FY2025-26. This surge aligns with its aggressive expansion strategy, including store rollouts, digital integration, and strengthening its FMCG presence. Revenue climbed to INR 3.3 lakh crore, backed by consumer electronics, grocery, and fashion segments. With nearly 19,340 stores, strategic partnerships with top global brands, and acquisitions of emerging Indian labels, the company has reinforced its leadership in both offline and online retail. It continues to lead in the omni-channel space, supported by platforms like JioMart and Milkbasket.Read more

Taj Lands End in Bandra has received the coastal authority's nod to expand its premises with two new restaurants on its third-floor terrace, one poolside cafe and another with a retractable roof. The additions will come up under the revised CRZ rules of 2019, which allow additional FSI. The development sits on the former Hotel Searock site, damaged in the 1993 blasts. IHCL is also rebuilding the Searock property and has plans for a second Taj hotel, Taj Bandstand, on an adjoining plot.Read more

Tata Group's retail arm, Trent Ltd, has reported a consolidated net profit of INR 424.7 crore for the April-June quarter, marking an 8.6% year-on-year increase. The growth was backed by consistent performance across its retail formats, including Westside, Zudio, and Star. Revenue from operations surged 18.9% to INR 4,883.48 crore, while expenses also saw a rise. The company continues to expand its direct-to-customer strategy and strengthen its presence in key markets. With over 70% of Star's revenue coming from in-house brands, Trent is positioning itself for deeper market penetration and long-term value.Read more

Prestige Hospitality Ventures, the hospitality division of Prestige Estates Projects, has received approval from SEBI to go ahead with its INR 2,700 crore initial public offering. The IPO will comprise a fresh equity issue of INR 1,700 crore and an offer-for-sale of INR 1,000 crore by the parent company. The company plans to use the proceeds to reduce debt and fund future acquisitions. With nearly 1,500 rooms currently in operation and a robust pipeline of around 2,500 more, the company is strengthening its position in India's premium hospitality segment.Read more

Miraj Cinemas has launched a premium three-screen multiplex at the site of the former Akash Cinema in Azadpur, North Delhi. Once a well-known 1000-seater single-screen theatre, the space has been completely transformed to offer 427 luxury seats, state-of-the-art technology, immersive interiors, and gourmet dining. With Dolby sound, 3D capability, and designer décor inspired by Art Deco, the venue blends nostalgia with a contemporary cinematic experience. The multiplex marks Miraj Cinemas' fourth property in Delhi and reintroduces a landmark destination to the city's filmgoers with upgraded luxury and hospitality.Read more

Sarovar Hotels, the Indian division of Louvre Hotels Group, has introduced its luxury Tulip brand to Nepal through the launch of Royal Tulip Chitwan, developed by KTM Hospitality. The resort aims to offer a blend of comfort, adventure, and local culture. Meanwhile, Marriott International has expanded its portfolio with the inauguration of Fairfield by Marriott Jaipur Tonk Road, marking a continued push into secondary markets and reinforcing its presence in Rajasthan's capital.Read more

Decathlon plans to increase its sourcing from India to USD 3 billion by 2030, more than six times the current volume. India's share in the company's global sourcing is expected to grow from 8% to 15%. The sports goods retailer already sources goods worth over USD 480 million from India and is on track to locally produce 90% of the products it sells within the country. With 113 manufacturing units and 83 suppliers in India, Decathlon aims to use India as a key sourcing base across various categories including textiles, fitness gear, electronics, and sports accessories.Read more