27 Feb 2026

Apeejay Surrendra Park Hotels Ltd is expecting to generate around INR 350 crore from a serviced residence project on EM Bypass in Kolkata, which will be used to fund the construction of a new luxury hotel in the city. The mixed-use development is being undertaken in partnership with Ambuja Neotia Group and marks the first collaboration between the two Kolkata-based groups. Spread across 3.35 acres of land owned by Apeejay Surrendra Park Hotels, the project will comprise a 69-unit serviced residence development alongside a 218-key luxury hotel. Both components are targeted for completion by 2030. Company executives said the residential monetisation strategy would help reduce the capital burden associated with developing large hotel assets in premium urban locations.Read more

26 Feb 2026

Shoppers Stop has relaunched its Juhu store, marking a significant step in its premiumisation journey. The revamped store combines global fashion, beauty, lifestyle, and home brands, with several making their debut at this location. Experiential installations such as Echoes of Fragrance, Juhu Seashore, and Bollywood Bioscope enhance the shopping experience by connecting it to local culture and cinema heritage. With curated layouts, immersive storytelling, and services like Personal Shopper, the store positions itself as a destination for sophisticated and style-conscious consumers in Mumbai, reflecting evolving premium retail expectations.Read more

26 Feb 2026

A SpiceJet Boeing 737 operating flight SG121 from Delhi to Leh returned to the national capital after facing a technical issue mid-air. Around 150 passengers were on board at the time of the incident. The aircraft landed safely in Delhi, and all passengers were disembarked without any difficulty. Sources indicated that the aircraft experienced an engine-related issue. The airline confirmed the return as a precautionary measure. No injuries were reported. The development adds to ongoing operational challenges faced by the carrier in recent months.Read more

26 Feb 2026

Nexus Select Trust has announced plans to acquire a 50% stake in an under-construction retail mall in Dombivli, part of the Mumbai Metropolitan Region, as part of its portfolio expansion strategy. The transaction involves an investment of INR 434 crore and will be executed through a partnership with Runwal Enterprises. The proposed mall, to be known as Nexus Runwal Gardens Mall, is expected to offer a substantial gross leasing area and will be operated jointly by the two parties. The acquisition will be routed through the purchase of equity in a Runwal group subsidiary. Nexus Select Trust, which is sponsored by Blackstone, continues to expand its retail-focused real estate portfolio across key Indian cities.Read more

26 Feb 2026

Radisson Hotel Group has entered into a long-term strategic partnership with MBD Group to accelerate the expansion of its luxury and lifestyle brands, Radisson Collection and Radisson RED, across India. Under a Master Franchise Agreement, MBD Group will support development, management and franchising activities at mutually agreed locations, complementing Radisson's existing development pipeline and partner network. The collaboration is aimed at tapping into rising demand for premium, design-led hospitality experiences in key Indian markets. The planned portfolio will follow an asset-light strategy, with around 80 per cent of properties being managed or franchised and the remaining 20 per cent owned, reinforcing scalable growth in one of Radisson's priority markets.Read more

25 Feb 2026

Marriott International recorded its strongest-ever expansion year in South Asia in 2025, signing 102 hotel agreements and adding more than 12,000 rooms, with India accounting for 99 of the deals. The company reported double-digit growth in revenue per available room across the region, supported by higher average daily rates and sustained demand across segments. Development activity accelerated sharply, with deals signed rising 143% year-on-year and rooms signed increasing 76%. At the end of 2025, Marriott operated 219 properties with over 36,000 rooms across South Asia, including 204 hotels in India. The company said the performance reflects structural growth in travel demand, rising domestic consumption and increasing investor confidence, reinforcing India's position at the centre of Marriott's regional growth strategy.Read more

25 Feb 2026

SpiceJet has moved ahead with its expansion strategy by signing a Memorandum of Understanding to induct 10 additional aircraft. The airline has already doubled its available seat kilometres from 55 crore to 105 crore in the recent quarter and is aiming to scale this up to 220-225 crore in the winter schedule. With plans to operate over 300 flights daily and expand its fleet to around 60 aircraft, the carrier is focusing on restoring capacity, improving reliability and meeting rising passenger demand.Read more

24 Feb 2026

ITC Hotels has inaugurated a 113-key Welcomhotel in Mohali, marking its 30th property in the Welcomhotel chain. Strategically located near Chandigarh International Airport, the hotel aims to serve rising demand in the tricity region for premium business and leisure hospitality. The property features modern rooms, diverse dining options, event spaces, and wellness facilities including a pool and fitness centre, with a spa opening soon. The launch underscores ITC Hotels strategy to expand in high-growth urban markets, leveraging Mohali's evolution as a commercial, IT, and lifestyle hub. ITC now operates 150 hotels across 90 destinations.Read more

24 Feb 2026

The ePlane Company has developed a digital twin of its e200x electric air taxi using NVIDIA's Omniverse and IGX platforms. The virtual model allows engineers to simulate flight physics, sensor performance and emergency scenarios before real-world testing. The Chennai-based startup is using this system to improve safety validation, autonomy testing and predictive maintenance. The company, incubated at IIT Madras, already holds a Design Organisation Approval and operates a 60,000 sq ft manufacturing facility. The initiative is aimed at strengthening certification efforts and accelerating India's electric urban air mobility plans.Read more

20 Feb 2026

Bangladesh has barred SpiceJet from using its airspace over pending dues, forcing the budget airline to reroute several flights, especially those operating from Kolkata to Guwahati and Imphal. Flight tracking data shows these services are taking longer alternative routes to avoid Bangladesh airspace. SpiceJet said it is in discussions with authorities regarding navigation-related charges and described the matter as a routine industry issue, adding that scheduled operations remain unaffected. The development comes amid financial pressure for the airline, which recently reported a quarterly loss of INR 269.27 crore, while its shares dipped nearly 1 per cent on the BSE.Read more