16 May 2026

• Ministry of Textiles inaugurated India’s first operational PM MITRA Park in Warangal, developed at a cost of INR 1,695.54 crore under the central government’s integrated textile infrastructure programme.
• The 1,327-acre project is expected to attract investments exceeding INR 6,000 crore and generate more than 24,400 jobs across the textile value chain.
• According to the ministry, nearly 62 per cent of the park has already been allotted to industrial units, indicating early investment traction within the integrated manufacturing ecosystem.
• The PM MITRA scheme aims to establish textile manufacturing hubs across seven states with multimodal connectivity, common infrastructure and investment incentives. The Warangal project has been positioned as a key industrial and employment-focused development for Telangana’s manufacturing sector.Read more

15 May 2026

• NILE Hospitality has signed a 120-key Courtyard by Marriott property in Somnath, Gujarat, expanding branded hospitality presence in a key religious tourism destination.
• The hotel will cater to increasing visitor inflow to Somnath, one of India’s prominent pilgrimage centres.
• The development forms part of NILE Hospitality’s strategy to introduce global hospitality brands into emerging cultural and spiritual destinations.
• Company executives stated that the project is intended to enhance hospitality standards along the pilgrimage and tourism corridor.
• The signing reflects continued investor and operator interest in religious tourism-driven hotel markets across India.Read more

15 May 2026

• Indian Hotels Company Ltd reported a 14.71% year-on-year increase in consolidated net profit for the quarter ended March 2026, supported by growth across hotel operations and allied businesses.
• The Tata Group hospitality company posted a net profit of INR 645.43 crore compared with INR 562.66 crore in the corresponding period last year.
• Revenue from operations rose to INR 2,765.29 crore during the quarter, while total expenses also increased on an annual basis.
• The board has recommended a dividend of INR 3.25 per share, subject to shareholder approval at the upcoming annual general meeting.
• The company said growth was driven by higher hotel RevPAR, catering business expansion, management fees and new business segments.Read more

14 May 2026

• Brigade Hotel Ventures plans to invest around INR 1,000 crore in Karnataka over the next five years towards new hospitality projects and modernisation of existing hotel assets.
• The company has also outlined a broader expansion strategy targeting addition of nearly 1,700 hotel keys with a planned capital outlay of approximately INR 3,600 crore under its “Vision 2031” roadmap.
• Separately, the company and Marriott International have launched the rebranded Courtyard by Marriott Kochi Infopark, formerly operating as Four Points by Sheraton Kochi Infopark.
• The 218-room hotel in Kakkanad, Kochi, is positioned to cater to business, MICE, and leisure travellers and includes over 8,000 sq ft of meeting and event space.
• The investment push reflects growing hospitality demand across Bengaluru, Mysuru, Kochi, and other South Indian urban and tourism markets amid expanding business travel and infrastructure-led regional growth.Read more

13 May 2026

• Retail leasing across malls and high streets in India’s top seven cities fell 15 per cent quarter-on-quarter to 3.1 million sq ft during the January-March period, as per JLL.
• The decline was mainly due to limited fresh supply of institutional-grade mall space, with only 0.25 million sq ft added during the quarter compared to 2.5 million sq ft in the previous quarter.
• On a year-on-year basis, leasing remained stable, indicating steady demand from retailers despite supply constraints.
• Fashion and apparel led leasing activity with a 33 per cent share, followed by entertainment at 16 per cent and food & beverage at 15 per cent.
• Indian retailers dominated the market with a 79 per cent share, supported by expansion from D2C brands and rising physical retail adoption.Read more

12 May 2026

• iNvent has expanded its retail presence in Delhi NCR with the launch of a new Apple Authorised Reseller store at DLF Mid Town Plaza in Moti Nagar.
• The 900 sq. ft. outlet is expected to serve the growing premium residential and commercial catchment across West Delhi, supported by developments including DLF Midtown and nearby mixed-use projects.
• The company stated that the launch marks its return to a location where it had previously operated nearly a decade ago.
• Alongside the full Apple product portfolio, the store will offer guided purchase assistance, device support services and financing options, reflecting continued expansion of organised premium technology retail across NCR’s urban corridors.Read more

12 May 2026

Guwahati-based Poddar Group has announced plans to invest INR 800 crore over the next five to 10 years to expand its hospitality portfolio, with a primary focus on the Northeast. The company aims to develop 10 hospitality assets through a mix of owned, leased and acquired properties. The expansion strategy comes as the region witnesses stronger tourism demand, improved connectivity and rising appetite for premium hospitality experiences. The group also launched its second Hotel Palacio property in Guwahati and confirmed that the Hyatt Regency Gangtok project is currently under development, reflecting its broader ambition to strengthen its regional hospitality footprint.Read more

11 May 2026

Raymond Lifestyle Ltd reported a consolidated net loss of INR 52.06 crore during the March quarter of FY26, compared to a loss of INR 44.96 crore recorded in the corresponding period last year. Despite the wider quarterly loss, the company posted an 18.9 per cent increase in revenue from operations to INR 1,776.45 crore, supported by stronger domestic demand across branded textiles and apparel segments. The company also recorded its highest-ever annual total income, crossing INR 7,000 crore for the first time in FY26 following its demerger from Raymond Ltd and subsequent stock market listing in 2024. The board additionally recommended a dividend of Re 1 per equity share for the financial year ended March 2026.Read more

07 May 2026

National Company Law Tribunal has approved a resolution plan worth INR 730 crore for Rajesh Business & Leisure Hotels Pvt Ltd, enabling the revival of a stalled hospitality project in Mumbai. The plan, submitted by a consortium of Rare Asset Reconstruction Company and Check-Inn Hotels (a subsidiary of Shree Naman Group), received unanimous approval from the Committee of Creditors. The company had been undergoing insolvency proceedings since 2022 following a loan default. The approved plan provides for settlement of creditor dues, infusion of fresh capital, and completion of the long-delayed hotel project. The decision concludes a prolonged insolvency process and allows transfer of control to the successful resolution applicants.Read more

07 May 2026

Indian Hotels Company Limited and Lemon Tree Hotels led hotel room additions in India during calendar year 2025, according to a report by HVS Anarock. A total of 14,199 branded hotel rooms were added during the year, marking a 5% increase over 2024. While overall room supply grew, new property openings declined to 176 from 200 in the previous year. Domestic hotel operators accounted for the majority of expansion, contributing 70% of new openings and 57% of total room additions. The data reflects sustained demand in the hospitality sector, driven by domestic travel and expansion beyond metro cities into emerging markets.Read more