Latest news with #GulveenAulakh
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Business Standard
18-07-2025
- Business
- Business Standard
Tourism boom, rising spend give wings to travel companies' IPO plans
Last week, airport quick service restaurant player Travel Food Services listed on BSE to raise Rs 2,000 crore premium Akshara Srivastava Gulveen Aulakh New Delhi Listen to This Article Travel companies are riding high on the post pandemic growth in domestic and international tourism and are taking this opportunity to list on the bourses. Last week, airport quick service restaurant player Travel Food Services listed on BSE to raise ₹2,000 crore. On the other hand, Cordelia Cruise Operator Waterways Leisure Tourism had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) last month for an initial public offering (IPO) of ₹727 crore. The closely-connected hospitality industry is also expected to see a flurry of IPOs this year. LaRiSa Hotels and Resorts, for
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Business Standard
07-07-2025
- Business
- Business Standard
IPOs mark a new era for India's hospitality industry with scale, ambition
In the past two months, international chains have announced aggressive expansion plans for India. Most plan to open 100-300 hotels in the next five years, said analysts at Elara Capital Gulveen Aulakh New Delhi Listen to This Article India's hospitality sector is rolling out the red carpet for investors. A flurry of upcoming IPOs, or initial public offerings, the entry of new players, and ambitious expansion plans by Indian and global hotel brands are ushering in what could be the industry's most formalised era yet. Leading the charge are real estate titans, who are turning their hotel arms into global hospitality chains. Among the first movers is Bengaluru-based Brigade Enterprises, which has filed for a ₹900 crore public issue for its hospitality arm, Brigade Hotel Ventures. Close on its heels is peer Prestige Group, which is looking to
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Business Standard
06-07-2025
- Business
- Business Standard
Indian hospitality industry protected from AI but needs massive manpower
Hotel chains have partnered with reputed hospitality institutes, participate in campus placement drives but to bridge the talent gap Gulveen Aulakh New Delhi Listen to This Article India's hospitality sector is likely to remain immune to the impact of artificial intelligence (AI), said industry watchers and executives, as it embarks on a CAGR growth of 9.6 per cent over the next five years, on the back of a rebound in tourism. In its latest projections, the World Travel and Tourism Council (WTTC), said that the Indian travel and tourism sector is expected to employ more than 63.9 million by 2035, up from 46.3 million in 2024. 'This is the only industry which may be immune to the impact of AI,' the WTTC chief executive Julia Simpson said,
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Business Standard
02-07-2025
- Business
- Business Standard
Affordable housing launches to remain muted despite rate cuts, tax benefits
While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors Prachi Pisal Gulveen Aulakh Mumbai/ New Delhi Listen to This Article Affordable housing supply across India is likely to remain muted in the coming quarters despite the repo rate cut of 100 basis points since February, income tax-related benefits announced in this year's Budget and the extension of Pradhan Mantri Awas Yojna (PMAY), according to industry executives and sector watchers. While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors. Some like Mahindra Lifespaces are moving out of the segment, while others are reducing their share of the housing portfolio dedicated to affordable housing. 'The viability of
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Business Standard
29-06-2025
- Business
- Business Standard
Ascendas Firstspace looking to enter qcom logistics warehousing mkt
Warehouses or dark stores larger than 3,000 sq ft would lead to longer time durations for quick commerce deliveries, affecting the business cases for players like Blinkit, Zepto, Instamart and others premium Gulveen Aulakh New Delhi Listen to This Article Singapore-based CapitaLand-backed Ascendas Firstspace is aggressively looking to gain a foothold in the quick commerce logistics warehousing market, where dark stores ranging between 2,000-3,000 sq ft sporadically located across urban centers are in high demand. 'We don't have any in-city developments right now but we're actively looking out. We haven't found the right piece of land for the right price for us to invest, which made sense for us from a return perspective, but we're definitely keen,' Aloke Bhuniya, chief executive officer at Ascendas Firstspace Development Management, told Business Standard. The company has nearly $6 billion in assets under management
