Hotel and Tourism Newsletter - November 21 to 25, 2016

India Infoline News Service | Mumbai | November 25, 2016 15:36 IST

This week, Thomas Cook opens Gold Circle Partner outlet in Bikaner, Trip Tap Toe raises fresh capital. IIFL presents a weekly snapshot of all the major happenings in the hotel & tourism industry, nationally and internationally.

Top News

Indian Hotels EGM on Dec 20 to remove Cyrus Mistry as Director
Indian Hotels Company Ltd has informed BSE that the Board of Directors of the Company, at its meeting held on November 21, 2016 has pursuant to the Special Notice and Requisition dated November 9, 2016 sent by Tata Sons Limited, shareholder of the Company holding 28.01% of the paid-up equity share capital of the Company and in recognition of the legal right vested in them as shareholder, decided to convene an Extraordinary General Meeting (EGM), to consider and if thought fit, to pass an Ordinary Resolution for removal of C P Mistry as Director of the Company. The EGM will be held on Tuesday, December 20, in Mumbai. Read More
Domestic News
Thomas Cook opens Gold Circle Partner outlet in Bikaner
Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, announced the opening of a new Gold Circle Partner outlet in Bikaner. The new franchise outlet was inaugurated by Princess Sidhi Kumari, MLA of Bikaner (East), Rajasthan. With the inauguration of the new Bikaner outlet, Thomas Cook India’s network in Rajasthan extends to 10 locations across the state, offering its customers easy access via 2 owned branches in Jaipur and Udaipur and 8 Gold Circle Partner outlets (3 in Jaipur, and one each a Kota, Udaipur, Jodhpur, Alwar and now in Bikaner). Read More
Trip Tap Toe raises fresh capital in exchange of 26% stake
Travel portal, Trip Tap Toe, achieved another milestone by raising fresh capital in exchange of 26% stake for an undisclosed amount. R S Sharma, former Chairman and Managing Director of India’s premier national oil company – Oil and Natural Gas Corporation, invested for a strategic minority stake through his son Nayan Parashar. Nayan has a Masters Degree in Finance from the University of Nottingham and has worked with companies such as Ernst &Young and Citibank in the past. Read More



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