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The Indian hospitality industry has been extensively going for renovation of their prime properties across the country to make use of the downtime offered by the Coronavirus pandemic. Companies such as Indian Hotels Company Limited (IHCL), a Tata company, Chalet Hotels and GRT Hotels and Resorts are among the hoteliers who have renovated their prime properties over the last two years..
Why changing jobs doesn't make you rich?
Feeling rich with a 40% hike? Well its actually the government who is getting rich with more taxes in its kitty. And if you're someone who increases their expenses with increased incomes are sure to make the government richer and
contribute to economic development.
Why scanning profile of interviewer is important?
If you've been called for an interview, you've already won half the battle. However, the remaining battle can't be won if you don't know who you you'll be facing. So, it's imperative to ask for the interviewer's name from the HR and put on your investigator's eye to find out about their past experiences
The Union government’s recent approval to the Model Tenancy Act 2019 is unlikely to bring any immediate relief to millions of Indians who migrate to different cities in search of livelihood as 29 states which form the Indian subcontinent need to implement the same in letter and spirit. This is because land is a state subject and the federal government can only make suggestions to the state.
The Indian Hospitality industry is focusing on increasing its non-room revenues to provide a cushion to their battered business even as they expect room revenues to pick with rising vaccination numbers in the coming fiscal. Companies such as Tata Group owned-Indian Hotels, ITC Hotels, Chalet are firming up plans to expand their food and beverage business, salon and spa services to benefit from the opening up of the economy even as room rates are likely to take longer to improve.
According to popular stories, technocrat Elon Musk’s first Tesla car could have failed to take off even before production due to the lack of economics in the production of lithium ion batteries, which is the heart of an electric vehicle. To solve this, Musk used technologies and resources from his other venture SpaceX to bring down the cost of the batteries and enhance its shelf life.
India is looking to do a Tesla in the same space.
Large and mid-sized Indian hotels are branching out to neighbouring countries including Nepal, Bangladesh and Sri Lanka to capitalise on the growing outbound travel from India in the past four to five years. This is also intended to leverage the cost arbitrage offered by the decline in demand due to the pandemic in the SAARC countries.
As Borosil’s announcement of providing two years of salary and taking responsibility of kids education till graduation in the event of an employee’s death due to COVID-19 took the country by storm and forced companies to look within, other legacy companies too are coming forward with enhanced benefits for their employees in the times of grave adversities. Their benefits are matching or even going beyond the current set of benefits offered by new age unicorns and global technology companies operating out of India.
The Indian Fast Moving Consumer Goods industry is witnessing growth from unexpected corners in the pandemic year, proving cushion to an otherwise subdued business. Companies including Godrej Consumer Products, Indian Tobacco Company (ITC), Hindustan Unilever and Nestle among others are registering brisk business in rural markets due to relatively lower impact of the virus, resulting in lesser disruptions.
The COVID-induced lockdowns have triggered domestic and global hoteliers to reevaluate their operations and fiscal spend to drive revenue growth and provide cushion to their battered business. Coined as RESET, hoteliers such as the Tata Group-owned Indian Hotels Company Limited, Oberoi Group’s EI Hotels Limited and international hotel chain Accor are undertaking steps to boost (R)evenue growth, ensuring guest (E)xperiences, (S)pend optimisation, (E)ffective asset management and (T)hrift financial prudence to drive improvements in business.
The Indian automotive industry, soon to become the third largest in the world, is facing a double whammy of sorts with no respite from any corner. While the industry was already battered by the severe lockdowns starting last year leading to shut down of showrooms, the current rise in prices of inputs, mainly metals and global increase in fuel prices is likely to play spoilsport in its recovery.