/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With the demerger of the hotels division looking imminent, ITC’s shareholders are hopeful that the drain on resources will end and the company will reap the rewards of an uptick in the hospitality sector.
Every time there is an “exclusive” on ITC demerging its hotel business, the invariable response I hear is: “This has been going on for maybe 10 years. What’s exclusive?” However, this time around, the company seems to be making all the right noises and showing concrete intent on the demerger idea, even if some still find the language used—“exploring alternative business structure for our hotel’s segment”—suitably vague. As for the options being considered: a separate listing of the hotel business is one, while the other is a slump sale to a strategic buyer.
ITC chairman and managing director Sanjiv …
Aggressive summer deals are being rolled out to make up for the slump in arrivals; Coinbase is setting up a new tokenization hub, and other updates.
The US-Israel campaign has turned Dubai’s strongest tourism months into a stress test for the emirate’s hospitality sector.
A debt-heavy global pivot to modest motels and accounting-led profits define the company now heading to Indian public markets.
