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This follows a strong FY25 that saw most hotel companies reporting strong revenue and profit gains, driven by rising travel demand from both business and leisure travellers. In the current year, too, the industry sees robust overall demand, with new hotel openings and increased investor interest signalling confidence in the sector’s future. According to Chander…
(Bloomberg) — The price war engulfing China’s electric vehicle industry has sent share prices tumbling and prompted an unusual level of intervention from Beijing. The shakeout may just be getting started. For all the Chinese government’s efforts to prevent price cuts by market leader BYD Co. from turning into a vicious spiral, analysts say a…
India should set up a centralised oversight mechanism to improve the functioning of quasi-judicial tribunals and unlock huge funds tied up in unresolved disputes, the Confederation of Indian Industry said. CII said in a statement on Sunday that the efficiency of tribunals adjudicating on important areas such as labour, environment, and taxation is critical for…
(Bloomberg) — A majority of banks want the EU to postpone the adoption of new trading book rules, a survey shows, heaping pressure on the bloc to follow similar moves in the US and the UK. A “clear majority” of participants in a survey were in favor of “an additional one-year delay” to changing a…