Latest Hospitality Sector News & Updates

Amaravati, March 12 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday announced that the government is considering the proposal to establish an Electronics City near Hindupur.CM Naidu also announced that a Creative City will be established in Amaravati to encourage content creators, AI, film and creative industries, aiming to boost the creative economy in the state.Addressing the district Collectors’ conference on the second day, he stated that the government is developing …

New Delhi, March 2 (IANS) India’s GDP growth for FY27 is likely to touch 7.2 per cent and FY26 growth could be revised up to 7.8 per cent from 7.6 per cent in the subsequent GDP estimates from the government, a report said on Monday.The report from HDFC Bank said the new GDP series with base year 2022‑23 confirms India’s healthy growth performance in this fiscal, adding the growth estimates will rise going forward given strong high‑frequency indicators in Q4.The nominal growth for FY27 is …

New Delhi, Feb 26 (IANS) India Inc. is expected to sustain year‑on‑year revenue growth of 8–10 per cent in Q4 FY26 and expand operating profit margins by 50–75 basis points, supported by firm rural demand and a gradual urban consumption recovery, a report said on Thursday.The report from ratings agency ICRA said the credit metrics are expected to remain healthy, with interest coverage ratio likely at about 5.3–5.5 times, broadly stable compared to 5.3 times in Q3FY26.”Domestic rural de…

Gulmarg, Feb 19 (IANS) The upcoming edition of the Khelo India Winter Games in Gulmarg is poised to become a real-world example of the government’s ambitious Khelo Bharat Niti, with a visible surge in tourism, local economic activity and national participation ahead of the February 23-26 competition window. Launched by the Union sports ministry in July last year, the Khelo Bharat Niti aims to strengthen India’s sporting ecosystem while leveraging major events to drive economic growth. By pro…

New Delhi, Feb 1 (IANS) Commercial LPG cylinder prices have been increased by Rs 49 from February 1, bringing higher costs for businesses that rely on these cylinders for daily operations. Oil marketing companies announced the hike as part of their regular monthly price revision.The increase applies to the 19-kg commercial LPG cylinder, which is commonly used by hotels, restaurants, and small food outlets.In Delhi, the new retail price of a commercial cylinder has gone up to Rs 1,740.50. However…