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Ratan Tata, Chairman, Tata Sons has reportedly said that Indian Hotels Company Limited (IHCL) is planning to add eight hotels across the globe by 2014.
Ratan Tata also added that Sea Rock Hotel in Mumbai is likely to be completed by 2014 and the Taj Exotica that is coming up in Andaman Island is likely to be ready by 2013, says report.
There are reports that the Roots Corporation Limited, a subsidiary of IHCL that runs the Ginger Hotel chain, is likely to break even in the current fiscal year.
India Infoline News Service / 14:51, Aug 19, 2014
Q1 revenues declined 0.9% qoq vs our estimate for a 1.8% qoq on the back of weakness in global operations whose revenues declined 14.9% qoq and 5.1% yoy.