HOSPITALITY SECTOR
The much awaited Noida-Greater Noida West metro link, a mega museum and more: Inside the Cabinet's Rs 77,101 crore package
On Wednesday, the Union Cabinet approved significant proposals for infrastructure and business support across India. The government will allocate ₹3,230 crores for the Yuge Yugeen Bharat Museum in New Delhi. A metro rail project linking Noida and Greater Noida will receive ₹2,390 crores for development. Additionally, ₹62,370 crores will be set aside for NBS rates on fertilizers for the Rabi 2026-27 season.
Indian IIT talent thrives in Japan's MIRAI-Setu programme as nations near 75th anniversary
As India and Japan approach 75 years of diplomatic ties in 2027, 40 IIT and IIIT students visited Japan under the "Foster System = MIRAI - Setu" programme. Immersed in Japanese universities and corporations, they developed strong industry insights, proposing innovative solutions for bilateral growth.
Drugmakers tap China AI app boom to reach doctors as crackdown upends marketing
As scrutiny intensifies, Chinese pharmaceutical companies are shifting gears toward digital marketing initiatives. Traditional face-to-face communications are waning, prompting the industry to embrace AI-fueled applications for connecting with healthcare providers. These tools facilitate compliant relationships, sparking partnerships among health-tech firms to disseminate clinical information through digital channels. This marks a pivotal change in marketing dynamics within the pharmaceutical landscape.
Pharma & healthcare funds top mutual fund return charts with over 19% gains. Should investors invest now or wait for a correction?
Pharma and healthcare mutual funds have topped return charts in 2026 with over 19% gains. While strong sector growth supports the outlook, experts caution against chasing the rally and advise investors to assess valuations, risks and portfolio exposure.
ET F&B Conclave North India 2026: Celebrating the leaders, innovators and iconic brands shaping India's hospitality industry
ET Food and Beverage Conclave North India 2026 was recently held in New Delhi to honor industry achievers. Prominent restaurateurs, hospitality leaders, and entrepreneurs attended to discuss evolving trends in the F&B sector. Various panel discussions focused on dining preferences and the global potential of Indian restaurant brands. Awards were presented to women leaders, F&B business leaders, and notable restaurant brands.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
The FPIs that were selling in the Indian market all these months mostly owned large-cap stocks. And as they sold them, it was that segment which bore the brunt of the selling. The same logic will operate in reverse as they start buying, focusing once again on the safer and more liquid large-cap stocks.
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HSBC upgrades India, downgrades China. Here are the sectors it likes now
HSBC has upgraded Indian equities to overweight and downgraded mainland China to neutral, citing improved valuations, stronger credit growth and resilient corporate earnings. The global brokerage favours financials, autos, industrials and consumer discretionary stocks, while remaining cautious on IT, staples and oil and gas amid growth and margin concerns.
Trump admits deportation drive may have been "too tough", offers immigration deal to Democrats
US President Donald Trump has acknowledged that his administration's aggressive deportation policy may have gone too far, saying the crackdown affected immigrants who had lived and worked in the country for years. In an interview with CBS News' 60 Minutes, recorded days after Republicans suffered major losses in the midterm elections.
Kolkata techie allegedly murdered by live-in partner and her mother after a fight; police probe case
A 25-year-old software engineer was found dead in his rented flat in Kolkata's Garia area after an alleged late-night altercation. His live-in partner and her mother have been arrested. Here's how the incident came to light, what neighbours reported and what police are investigating.
Kotak eyes ₹4,500 crore fundraise to deepen bets on India's real estate market
Kotak Investment Advisors plans to raise ₹4,500 crore through its 16th real estate fund. This fund will focus on investments across India's real estate market, encompassing residential and commercial properties. The fund will utilize both debt and equity while targeting institutional capital to enhance liquidity for developers. It aims to conduct multiple transactions primarily in major cities and select tier-II locations.
No More Zeroes: Govt plans to extend ZED certification scheme to services sector MSMEs
In a significant move, the Indian government is widening its Zero Defect Zero Effect certification initiative to include service enterprises in the MSME sector. This strategy will target key industries like transport, hospitality, and healthcare with approximately 20 predefined quality metrics. Furthermore, specialized standards for MSME exporters will ensure they meet global quality benchmarks, ultimately empowering these businesses in the international marketplace.
Assam OIL facility fire: Death toll rises to four after injured worker dies
A fire incident at an Oil India facility in Dibrugarh, Assam resulted in four fatalities among workers. The blaze occurred during maintenance operations, leading to multiple injuries. Spectron Engineering Private Limited employed all the deceased workers, who were affected by the fire. The company is providing compensation to the next of kin and the injured individuals.
'Ever seen what a widow looks like?': Accused's chilling threat to Tech Mahindra's ex-APAC head before murder
A fatal conflict over parking in Faridabad reached a deadly climax when Monu Sharma shot Paramjeet Dhankhar. Just hours prior, Dhankhar had taken his concerns to the police regarding threats from Sharma. In a calculated move, Sharma summoned Dhankhar to the parking lot, where he unleashed a barrage of nine shots from his licensed firearm, killing Dhankhar instantly. Police have apprehended Sharma and are investigating the roles of his family.
Death toll in explosion at Oil India's facility in Assam rises to three
Three people have died following an explosion at Oil India Limited's facility in Dibrugarh. The incident occurred during maintenance work at the Intermediate Tank Farm on Friday. Two of the deceased were workers and an engineer who succumbed to burn injuries. The injured were initially treated at Assam Medical College, with three remaining in critical condition. Oil India Limited announced compensation for the families of the deceased and injured individuals.
Art, culture and a personal touch shape new-age corporate gifting
This Diwali, corporate gifting is experiencing notable growth as companies prioritize personalized and curated hampers. Many businesses are increasing their budgets for gifts, ranging from INR 1,500 to INR 20,000. A trend towards incorporating cultural elements and sustainable options is emerging in corporate hampers this year. Organizations are also offering employees choices from curated catalogs, enhancing the overall gifting experience.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 28% in 1 year, according to analysts
Despite the upbeat mood in the market, remember one thing: Valuations are still not cheap. Even after everything the market has been through, prices are not at a level you could call a bargain. So this is not a signal to rush in. It is a signal to stop treating every development as a threat, and to start weighing the good against the bad with a clear head, rather than a frightened one.
Offline Aadhaar verification to get easier for users as UIDAI onboards 300 entities to complete process
UIDAI has successfully onboarded 300 Offline Verification Seeking Entities since the launch in January 2026. This initiative aims to enhance Aadhaar-based offline verification across various sectors including healthcare, education, and hospitality. Users can now complete identity checks without submitting physical copies of their Aadhaar cards.
Aadhaar App: 300 organisations adopt offline verification system; users can verify identity without photocopies
In a significant move, UIDAI has rolled out its offline verification service to incorporate 300 organizations spanning diverse sectors like hospitality, healthcare, education, and consumer services. This initiative enables users to validate their identities through the Aadhaar App, which boasts upgraded security features. Consequently, the requirement for physical Aadhaar cards during transactions is eliminated, showcasing the increasing importance of Aadhaar in routine transactions, extending well beyond governmental functionality.
India ready to help Nepal rebuild flood-hit infra, deepen energy ties
India's foreign secretary Vikram Misri communicated support for Nepal's infrastructure rebuilding after the recent floods. During meetings in Kathmandu, Nepal's PM Balen Shah thanked India for its disaster response assistance. Discussions also focused on expanding energy cooperation, with Nepal seeking new investments in various sectors. Several India-funded projects are set to be inaugurated during Shah's upcoming visit to India. This visit marks Shah's first bilateral overseas engagement as Prime Minister.
US hospitals brace for tougher 2027 as coverage losses and Medicaid cuts loom
US hospital operators are experiencing revenue pressure due to an increase in uninsured patients affecting their operating margins. The expiration of federal subsidies is causing ACA exchange premiums to rise sharply, leading to more patients losing coverage. Major hospital chains are bracing for declines in Medicaid supplemental payments that could hit their finances hard. Analysts caution that forthcoming changes to Medicaid requirements might exacerbate issues for hospital operators.
West Bengal investment policy puts jobs first, offers up to 120% assistance to industries
West Bengal has launched a new investment promotion policy aimed at encouraging industrial growth and job creation. The policy includes substantial incentives for businesses, especially those focused on employing women and transgender workers. It offers streamlined processes for approvals and payments, enhancing efficiency for investors. Priority areas will receive higher assistance levels and a framework for regular review every three years.
AI data center stocks dip, renewables surge after Democrat sweep in US midterm elections
The Democratic sweep, which included victories in traditional Republican strongholds and key data-center hubs Texas and Georgia, will usher in divided government in Washington and raises the prospect of greater congressional oversight of industries that benefited from Republican control.
AI data center stocks dip, renewables surge after Democrat sweep in US midterm elections
AI data centre stocks declined while renewable energy and healthcare shares rallied after Democrats won control of Congress in the US midterm elections. Investors assessed the possibility of tighter AI oversight and continued clean energy support. Defence contractors and prison operators fell amid concerns over changing government spending and immigration policies.
Inside Park Hospitals' regional playbook: Why North India depth matters more than national reach
Park Hospitals is on an ambitious expansion journey, targeting around 6,600 beds by December 2028 across North India. Their strategy focuses on building hospitals in close proximity for better operational efficiency. The new Prayagraj initiative underscores a successful public-private partnership and illustrates their commitment to enhance healthcare capacity, ultimately improving patient care and resource management in the region.
China Services PMI slows to three-month low; what lies ahead for Chinese stocks?
China’s services sector expanded at its slowest pace in three months as rising costs and intense competition squeezed margins. The weaker PMI and declining business confidence may weigh on Chinese equities, although sustained growth in export orders offers some support.
Dubai in Transit: The megalopolis is trying to shake off nightmarish war months, but caution remains in the air
Dubai is struggling to regain business momentum eight months after Iranian missile strikes disrupted tourism, real estate and other sectors. While tourist arrivals and hotel occupancy have recovered from their March lows, the recovery has stalled amid renewed regional tensions.
India's first public sector proton beam therapy unit to come up in Assam; state signs MoU with Belgian firm
Assam has signed an MoU with Belgium-based Ion Beam Applications (IBA) to set up India's first public-sector proton beam therapy centre in Guwahati at a cost of Rs 600 crore. The facility will offer advanced cancer treatment, particularly for children, and is expected to take at least three years to become operational.
IHCL and Ambuja Neotia Group announce new hotels in Kolkata and Siliguri
Ambuja Neotia Group plans to invest Rs 2,700 crore in West Bengal's hospitality sector, which includes new hotel launches. The newly opened AltAir House hotels in Kolkata and Siliguri are part of this initiative. A significant expansion of Taj Chia Kutir Resort & Spa in Darjeeling also forms part of the investment. The collaboration aims to enhance tourism and create unique travel experiences in the region.
First-time investors turn to India's hospitality sector for diversified income and long-term growth
India is witnessing a rise in first-time hotel owners, with entrepreneurs, real estate developers, industrial families and landowners entering the hospitality sector. Nearly seven in 10 branded hotel keys signed this year are outside Tier 1 cities, according to Noesis Hotel Advisors. Industry executives say growing domestic travel, better connectivity and demand from leisure, business, weddings and pilgrimage are creating opportunities for new investors.
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