Hotels
China’s HNA Group to buy Carlson Hotels
28 Apr 2016
Shareholders approve Starwood Hotels - Marriott merger
11 Apr 2016
Shareholders of Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc have approved the $13.6-billion cash-and-stock merger deal to create the world's largest hotel operator
Marriott hikes bid for Starwood Hotels & Resorts to $13.6-bn revised
21 Mar 2016
The Marriott-Starwood deal would create the world's largest hotel chain with more than 5,500 hotels and 1.1 million rooms across brands that include Marriott International, Ritz-Carlton, JW Marriott, Sheraton, Ritz Carlton, the Autograph Collection, Westin, Le Meridien, St. Regis, and Aloft.
Subrata Roy’s Plaza Hotel to be auctioned for mortgage defaults
By By Ravi Kunder | 17 Mar 2016
The five-star hotel off Central Park is majority owned by Subrata Roy’s Sahara India Pariwar, which defaulted on the mortgage payments By Ravi Kunder
China's Anbang launches hostile $12.84-bn bid for Starwood Hotels
14 Mar 2016
A consortium led by China's Anbang Insurance Group has launched an unsolicited $12.84-billion bid to acquire Starwood Hotels and Resorts, potentially derailing the already planned takeover of the US hotel operator by Marriott International
Waldorf's Chinese owner Anbang to buy Strategic Hotels for $6.5 bn
14 Mar 2016
The Beijing-based insurer has recently made a push into buying overseas assets and made some high profile acquisitions
Hotel industry revenues to grow 9-10% in 2016-17
28 Jan 2016
Hyatt’s Indian hotels hit by global malware attack
18 Jan 2016
As many as 250 Hyatt chain hotels globally, including 20 in India, have been infected with the malware that collects customers’ payment card data at front desks, restaurants, spas, parking and other payment areas in the hotels
New York city hotels to go green for 2016
31 Dec 2015
Australian casino tycoon, quits company board amid speculation of taking company private
21 Dec 2015
No lack of buyers as Dawood properties auctioned
10 Dec 2015
While there was no official confirmation that the properties auctioned in Mumbai were actually owned by India’s most wanted criminal, a restaurant purportedly belonging to him was sold for Rs4 crore and a car for Rs32,000
Marriot becomes world's largest hotelier with $12.2-bn Starwood acquisition
17 Nov 2015
US hotel giant Marriot is buying rival Starwood Hotels, owner of Sheraton and Le Meridien chains, becoming the world’s biggest hotelier, pushing rival Hilton Worldwide to the second spot
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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