HOSPITALITY SECTOR
No fixed salary, Rs 460 crore empire: How Pushpa star Allu Arjun became one of India’s highest-paid actors
Allu Arjun, a leading Indian star, has built a significant business portfolio alongside his successful film career, with an estimated net worth of Rs 460 crore. He reportedly earns through a unique revenue-sharing model, taking a substantial percentage of film earnings, which benefits both him and producers. Read on to know more about it.
Why are hospital stocks defying market volatility? Demand, beds and growth plans
Over the past five years, the sector has delivered strong growth, with revenues rising about 15.5% annually between FY2019-20 and FY2024-25, while EBITDA (Earnings before interest, taxes, depreciation and amortization) grew faster at around 25%. This was driven by higher insurance-led payments ensuring steadier revenues, strong demand for profitable inpatient care, and aggressive expansion in beds and facilities.
CA reveals why Shettys of South India are very successful in the restaurant business, shares three principles that made them stand out from the rest
Financial expert Sarthak Ahuja highlights how the Shetty community, originating from Tulu Nadu, built a dominant restaurant presence across India. Their success stemmed from a standardized menu, affordability, and a strong work ethic, fostering a cycle of mentorship and entrepreneurship that propelled their influence in hospitality.
Vedanta Chhattisgarh power plant blast: Death toll rises to 23
The death toll from a blast at the Vedanta power plant in Chhattisgarh's Sakti district has risen to 23. Two more workers died from their injuries on Saturday. Twelve others remain hospitalized, with three in critical condition. An FIR has been filed, naming Vedanta Group chairman Anil Agarwal. Investigations are ongoing to determine the cause of the explosion.
India medical tourism slips below pre-Covid peak amid geopolitics, visa delays and rising Asian competition
India's medical tourism is facing challenges. Arrivals have dropped significantly below pre-Covid levels. Geopolitical tensions and visa delays are impacting the sector. Competition from other Asian nations is also a factor. Industry leaders suggest focusing on high-tech, reliable healthcare delivery to attract international patients. Improvements in ties with Bangladesh could help reverse the trend.
JD Vance's dodgy H-1B sleight of hand
US policies are impacting foreign-trained doctors. Claims of widespread H-1B visa fraud are not fully supported by government data. Recent actions have frozen work authorisations and visa processing for nationals of many countries. This is creating physician shortages in rural areas. Millions of Americans rely on these doctors for care. The situation risks patient well-being.
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Assam LPG, fuel supply fully stable, adequate stocks available: IndianOil AOD
Nitin Bhatnagar, Executive Director and State Head of IndianOil AOD State said that the supply of domestic LPG cylinders and petroleum products in the state of Assam remains completely normal and adequate stocks of both LPG and petroleum products are available across the state
'Hospital infra isn't sole determinant of better care, outcomes also matter,' says Max Healthcare Chairman
Max Healthcare has significantly increased its bed capacity to 6,500 with a new Saket facility. This expansion targets both domestic patients seeking quality care and international medical tourists. The company leverages brownfield economics to manage costs effectively. Max Healthcare aims to contribute to India's growing healthcare infrastructure, addressing a substantial gap in private tertiary care beds.
Around 10.10 lakh passengers travelled to India since February 28 from region amid West Asia tensions, says Govt
India is ensuring smooth functioning across key sectors amidst the West Asia situation. The Petroleum Ministry guarantees uninterrupted fuel and LPG supply. Commercial LPG prioritizes essential services. Refineries operate at high capacity with adequate crude. Indian vessels and seafarers are safe. Flights continue to operate, with many passengers returning. The government is actively monitoring and coordinating efforts.
Building malls now needs deeper pockets as construction costs rose 13.9%
Construction costs are rising across India. Malls have seen the biggest jump in expenses. Luxury and mid-market housing also experienced significant cost increases. Affordable housing and commercial office spaces saw moderate rises. Warehousing and manufacturing costs grew the least. Developers are focusing on efficiency and planning. India's construction market is set for substantial growth.
Aster DM Healthcare eyes expansion as Alisha Moopen aims for India's largest clinical chain
Alisha Moopen is driving Aster DM Healthcare's major expansion across India. The company plans to add over 3,300 beds, aiming to become the nation's largest healthcare chain. Aster DM Healthcare currently operates around 40 hospitals nationwide. Moopen emphasizes building trust in a technology-driven world. Family-led organizations like Aster DM Healthcare invest with patience for long-term growth.
West Asia conflict hits tourism, aviation: PHD Chamber of Commerce and Industry flags 15-20%
The ongoing conflict in West Asia is casting a long shadow over India's tourism and aviation sectors. Tourist arrivals have plummeted, prompting airlines to alter their routes, which in turn raises both fares and journey durations. The hospitality industry is feeling the strain as well, with many restaurants shutting down and significant losses reported.
West Asia conflict disrupts aviation, leads to 15–20% dip in inbound tourist traffic; Rs. 18,000 crore net loss for industry: PHDCCI report
India's vibrant tourism and hospitality sector is currently reeling from the impact of conflicts in West Asia. With inbound tourist arrivals plummeting and flight paths being heavily affected, the industry is facing unprecedented financial strain. In response, there is a call for innovative policy changes to enhance stability and broaden the range of tourism experiences.
Indian restaurants' 'slowdown' is ringing up a ₹79,000 cr bill as Iran war chokes LPG supply
The Indian dining scene is looking at a staggering monthly loss of ₹79,000 crore as a result of a commercial LPG shortage. This hiccup is forcing all types of eateries to shut down temporarily or seek alternative cooking methods.
A ₹18,000 crore blow seen for India's aviation story as West Asia conflict clips wings
India's aviation and tourism sectors are currently navigating turbulent skies due to the unrest in West Asia. Airlines are challenged with heightened expenses and prolonged flight durations, significantly impacting international travel. The inbound tourism sector is seeing a downturn as Indian travelers prefer more brief vacations abroad.
Signature Global ties up with Tonino Lamborghini for branded residences project in Gurugram
Signature Global has partnered with Tonino Lamborghini to launch a premium residential project in Gurugram, marking the Italian brand’s entry into India’s housing market. The 12.4-acre development in Sector 71 will house over 800 luxury residences, tapping into the fast-growing branded residences segment driven by rising affluence and demand for global lifestyle offerings.
Stocks in news: Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M
In today's trade, shares of Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M among others will be in focus due to various news developments and fourth quarter results.
Tata Group presence in UP to more than double: Chairman Chandrasekaran
Tata Group's presence in Uttar Pradesh is set to more than double. The state is poised to become a major manufacturing and export hub. Tata Motors aims to produce two million vehicles in five years. Tata Consultancy Services will double its workforce. The group is expanding into new sectors and social development initiatives.
100% domestic LPG, PNG supply ensured amid West Asia crisis: Govt
India has successfully maintained full supply of Piped Natural Gas and Liquefied Petroleum Gas for homes. This was achieved by prioritising domestic needs during energy disruptions from the West Asia crisis. Commercial LPG supplies have also been restored significantly. The government implemented measures to manage demand and ensure availability for critical sectors and industries.
Dubai’s Burj Al Arab to close for 18-months due to restoration work
Dubai's iconic Burj Al Arab will undergo an 18-month restoration, focusing on interior refurbishment while preserving its original design. Paris-based Tristan Auer will lead the project, aiming to balance heritage preservation with modernization. The luxury hotel, a key player in Dubai's tourism, will close during this significant upgrade.
Delhi court summons Robert Vadra in Shikohpur land deal money laundering case
A Delhi court has taken note of the Enforcement Directorate's charges against businessman Robert Vadra. The case involves allegations of money laundering connected to a 2008 land deal in Haryana. The ED claims proceeds of crime were generated through a fraudulent transaction. All accused have been summoned to appear in court on May 16.
India’s hotel expansion gains pace, draws institutional capital into real estate fold
India's hotel sector is set for robust growth, with operators planning over 70,000 new rooms by 2030. Driven by strong domestic travel and rising incomes, the industry is experiencing structural maturity with calibrated expansion and stable pricing. Investment is surging, particularly in leisure and pilgrimage destinations, as asset-light models gain traction.
IHCL's diversification strategy shields growth
IHCL MD and CEO Puneet Chhatwal said escalating West Asia tensions may impact global travel in the near term, but the hospitality sector remains resilient after past crises like Covid-19. He said IHCL’s diversified portfolio across brands, geographies, and business segments is helping it stay on track for long-term growth, with expectations of double-digit revenue expansion driven by new hotel openings and expansion across domestic and international markets.
Bajaj Group enters healthcare: Rs 2,500 crore investment for integrated network
The Bajaj Group is entering the healthcare sector with an initial investment of Rs 2,000-2,500 crore to build Bajaj Integrated Health Systems (BIHS). This new entity will focus on an integrated continuum of care, including hospitals, day clinics, and home services, aiming for a pan-India footprint within 10-15 years.
Noida Protest Traffic Latest Update: Workers block key routes, check affected roads, diversions, alternate ways
Noida Protest Traffic Update: Thousands of workers in Noida and Greater Noida protested, leading to traffic chaos, after a woman was injured in firing during clashes. Demanding wage parity with Haryana, weekly offs, and better pay, workers have intensified demonstrations despite administration appeals and announced relief measures. The unrest echoes past industrial disputes.
Pharma and healthcare companies to face continued margin pressure: HDFC Securities
The Indian pharmaceutical and healthcare sector is expected to see moderate revenue growth, with EBITDA margins remaining flat, in the March quarter, according to a brokerage report by HDFC Securities. "We project sales/EBITDA growth of 11%/6% YoY for our coverage universe," the brokerage added.
Orange economy rises: Creativity fuels India's growth story
Emerging as a vital part of India's economic framework, the 'orange economy' harnesses creativity to generate both intellectual property and employment opportunities. This dynamic sector fuels growth across tourism, hospitality, and retail markets, with cultural celebrations such as Durga Puja showcasing its robust economic influence.
Hoteliers hope for swift West Asia rebound
The hospitality sector anticipates a strong recovery in the Middle East after the US-Iran ceasefire. Industry leaders expect occupancies in markets like Dubai to bounce back by September. While rates may take longer to reach previous levels, the ceasefire is seen as positive news for tourism and energy markets. Airline flight frequencies will play a key role in the rebound.
Real estate advisory firm Savills acquires majority stake in Hotelivate
Global real estate firm Savills has acquired a majority stake in hospitality advisory firm Hotelivate, expanding its services in South Asia. This strategic move aims to capitalize on the growing branded residence market and the increasing demand for integrated advisory platforms in the region. The acquisition will allow Hotelivate to scale its operations and enhance its offerings to clients.
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