SAMHI Hotels has entered a share purchase agreement to acquire Innmar Tourism and Hotels (ITHPL) for approximately INR 2,050 million, fully funded through internal reserves. Following the acquisition, ITHPL will become a wholly-owned subsidiary of SAMHI. The deal includes a 142-room operational hotel in Whitefield, Bengaluru, with the potential to expand by adding 200-220 more rooms. SAMHI's chairman, Ashish Jakhanwala, emphasised that the acquisition aligns with the company's growth strategy, focused on key office and aviation markets. SAMHI currently owns six hotels with 9,181 rooms, further strengthening its presence in Bengaluru's hospitality market.Read more

India's Tier II and III cities are witnessing rapid growth in retail real estate, with 25 million square feet of new developments projected over the next five years. Rising consumer demand, the availability of land, and a lack of quality retail spaces in these areas drive this expansion. Developers are creating large-scale malls, offering a diverse mix of national and international brands. Institutional investors are increasingly targeting these emerging markets, resulting in a surge of high-quality retail projects. This shift highlights the growing importance of smaller cities in India's evolving retail landscape.Read more

The BNK Group is expanding into the healthcare sector with the launch of AAA BNK, led by Behzad Kharas in partnership with Dr Ahmad Mecklai and Dr Amit Jagtap. This new division aims to revolutionise healthcare design and construction in India, leveraging BNK's extensive architectural experience. AAA BNK focuses on human-centric design, collaborating with institutions like Tata Trusts and Breach Candy Hospital to create state-of-the-art, eco-friendly healthcare facilities.Read more

This Diwali, Nexus Seawoods is enchanting patrons with a stunning recreation of the Sheesh Mahal, crafted from over 1 lakh pieces of mirrors and glass by more than 100 artisans. Open from October 3, this magnificent installation is divided into three immersive sections, inviting families and friends to create lasting memories. Experience the splendor daily from 1 PM to 9 PM, with tickets starting at INR 299.Read more

Harvest Gold, a top bread brand in India and part of Bimbo Bakeries India under Grupo Bimbo, hosted the 9th 'Harvest Gold Global Race 2024' in Delhi NCR, attracting 4,750 participants. With a focus on reducing hunger, the event pledged to donate 20 slices of bread for every registration, totaling 95,000 slices for Snehdhara Charity Council. Milind Soman served as the Race Ambassador, highlighting the importance of health and nutrition awareness.Read more

Speciality Restaurants, India's first publicly listed restaurant company, plans to open 40-50 new outlets in the next three years, expanding both domestically and internationally. With 97 restaurants and 32 confectionery outlets, the company is focusing on the Asian market, particularly through its Mainland China and Oh! Calcutta brands. Chairman Anjan Chatterjee emphasised the importance of robust, authentic food and noted the challenges of sustaining a restaurant brand beyond five years. The firm aims to cater to the Indian diaspora, ensuring they have access to beloved dishes from Mainland China and Asia Kitchen.Read more

Krsnaa Diagnostics has announced the acquisition of a 23.53% stake in Apulki Healthcare, India's first public-private partnership for cancer and cardiac care hospitals. This strategic move aims to provide a comprehensive suite of integrated diagnostic services for patients. Yash Mutha, the joint managing director, highlighted the investment's significance in enhancing their position within the expanding healthcare sector. The funding will come entirely from internal accruals, ensuring no impact on cash flow. The collaboration will also cater to the rising demand for advanced diagnostics among urban retail patients.Read more

The Noida Authority has launched a comprehensive scheme to establish six new hotels across the city, catering to the growing market demand. This initiative aims to bolster the city's hospitality infrastructure and strengthen its position as a thriving commercial and tourist destination. The scheme includes plots for three budget hotels and three star-category hotels, located in strategic sectors. The allotment process will be conducted through an e-auction, and the Authority expects to generate over INR 1,000 crore in revenue from this initiative. Additionally, the Greater Noida Industrial Development Authority has introduced a scheme for BPO and ITES plots, further enhancing the city's business ecosystem.Read more

AIPL Joy District (AJD), launched by Advanced India Projects Limited in Gurugram's Sector 88, is set to be a premier retail and entertainment destination. Strategically located at the intersection of major corridors, AJD will span 1.2 million square feet across four levels, featuring global lifestyle brands, diverse dining options, and entertainment zones. Post-pandemic residential growth in sectors 80-90 has fuelled demand for shopping and dining options, prompting AIPL's commitment to deliver 1.356 million square feet of premium retail space by Q4 2024. The project emphasises luxury, sustainability, and innovation, aiming to redefine the retail experience in Gurugram.Read more

Swiggy, a leading food and grocery delivery platform in India, is attracting significant attention from celebrities ahead of its upcoming Initial Public Offering (IPO). Prominent figures like cricketers Rahul Dravid and Zaheer Khan, tennis player Rohan Bopanna, director Karan Johar, and actor Ashish Chowdhry have invested in Swiggy through the unlisted market, signaling confidence in its long-term growth. Swiggy's expansion into grocery delivery and rapid commerce has bolstered its market position, drawing high-profile backers. This wave of celebrity investment mirrors a broader trend of tech startup interest, as Swiggy gears up for a potentially successful public debut.Read more