31 Jan 2026

Southern Railway has announced a scheduled halt for the Chennai Bengaluru Double Decker Express at Tiruvallur railway station, responding to long-standing commuter demand from the suburban region. Although the halt has come into effect from earlier this week, passengers are currently unable to book tickets to or from Tiruvallur as the station has not yet been updated in the Passenger Reservation System. Railway officials have stated that such system updates usually take a few days. Commuters have also flagged unresolved ticket printing issues following a recent reservation system upgrade.Read more

30 Jan 2026

Mahindra Holidays & Resorts India Ltd reported a 96 per cent year-on-year decline in consolidated profit after tax to INR 1.4 crore in the third quarter, primarily due to a one-time expense linked to new labour codes. Revenue from operations increased to INR 752.7 crore, supported by strong growth in the India resort business. Expenses rose sharply, including an exceptional charge of INR 11.06 crore. While the India standalone business posted profit growth, weak performance in European operations affected consolidated results.Read more

30 Jan 2026

Brigade Hotel Ventures Ltd. reported a consolidated net profit of INR 21.72 crore for the December quarter, more than doubling from INR 9.62 crore last year. Revenue from operations rose to INR 138.76 crore, while expenses edged up to INR 114.06 crore. Growth is expected to be driven by existing hotels, food and beverage enhancements, and new properties including Grand Mercure Ahmedabad GIFT City and ibis Styles Mysuru. With nine upcoming hotels in the luxury and upscale segments, the company is expanding and diversifying its portfolio, positioning itself for sustainable growth in India's post-pandemic hospitality market.Read more

30 Jan 2026

Khapri railway station, on the outskirts of Nagpur, is set for a major INR 4 crore infrastructure upgrade by Central Railway to improve safety, comfort, and basic commuter amenities. The project will refurbish all three platforms, strengthen roofing, and install proper drainage systems to prevent waterlogging. Circulation zones will be resurfaced with paver blocks, and structural steel works will be carried out for long-term durability. Electrical panels and upgraded water supply systems with CPVC pipelines, brass fittings, and stainless steel basins will support better functionality and hygiene, addressing long-standing deficiencies.Read more

30 Jan 2026

Pride Hotels, one of India's established hospitality companies, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering, aiming to raise INR 1,000 crore. The issue comprises a fresh equity component and an offer for sale by promoters and promoter group shareholders. Proceeds will be used for renovation of existing properties, debt repayment, and general corporate purposes. The company currently operates 34 hotels across major cities and resorts, and plans to list its shares on both BSE and NSE.Read more

29 Jan 2026

The Phoenix Mills Ltd reported a 4 per cent rise in its consolidated net profit for the October-December quarter of the 2025-26 fiscal year, reaching INR 275.79 crore from INR 264.76 crore a year earlier, according to a regulatory filing. Total income for the period increased to INR 1,168.47 crore from INR 1,005.52 crore as retail and commercial activity continued. For the first nine months through December, net profit and total income also grew compared with the previous year, reflecting consistent demand across its retail-led mixed-use property portfolio.Read more

29 Jan 2026

Radisson Hotel Group is expanding its presence in India's rapidly evolving spiritual tourism circuit with new hotel openings planned in Shirdi, Puri, Indore and Ujjain. The expansion reflects a strategic focus on emerging pilgrimage destinations that are witnessing rising domestic travel demand, supported by infrastructure upgrades and government-led faith tourism initiatives. Religious tourism remains a key driver of India's hospitality sector, with the Ministry of Tourism estimating over 1,439 million religious visits in 2022, generating revenue of around INR 1.34 trillion. Cities such as Ujjain, which attracted more than 52.8 million visitors in 2023, along with Puri, Shirdi and Indore, continue to record steady footfalls. Radisson's move positions it early in markets where demand is expected to deepen, creating long-term opportunities for organised hospitality growth.Read more

28 Jan 2026

Leasing of retail space across India's top seven cities rose sharply in 2025, supported by fresh supply and robust demand from retailers, according to JLL India. Gross leasing volumes touched a three-year high, driven equally by shopping malls and high streets, with Delhi-NCR, Bengaluru, Hyderabad and Mumbai emerging as the largest contributors. The addition of new, institutional-grade retail space encouraged accelerated store expansion, particularly among domestic brands, while global brands also increased their footprint. The year saw the launch of multiple new malls, lifting overall mall inventory across major cities. Industry experts noted that experiential retail, food and beverage formats, and renewed consumer confidence are reinforcing the relevance of physical retail. The trend has resulted in improved occupancies, healthier cash flows and greater confidence among developers and investors in upgrading and reinvesting in retail assets.Read more

27 Jan 2026

IndiGo, operated by InterGlobe Aviation, reported a net profit of INR 549 crore for the December quarter, down sharply from INR 2,449 crore in the same period last year. The decline reflects substantial one-time costs, including INR 577 crore due to flight disruptions in early December and INR 969 crore linked to new labour law compliance. Despite these challenges, revenue grew to INR 24,541 crore from INR 22,993 crore. Over 2,500 flights were cancelled and nearly 1,900 delayed, affecting more than 300,000 passengers. The airline's underlying performance remained stable, but exceptional costs drove the net profit drop.Read more

27 Jan 2026

Hospitality chain Pride Hotels has received approval from the Securities and Exchange Board of India (Sebi) to launch its initial public offering, marking a key milestone in its capital-raising plans. Industry sources indicate that the Mumbai-based company is looking to raise around INR 1,000 crore through the public issue. Filed with Sebi in October last year, the IPO comprises a fresh issue of shares worth INR 260 crore along with an offer-for-sale of up to 3.92 crore shares by promoters and promoter group entities. The company may also undertake a pre-IPO placement of up to INR 52 crore, which would proportionately reduce the fresh issue size. Proceeds from the issue are expected to be used for renovating existing hotels, repaying debt and meeting general corporate requirements, as Pride Hotels looks to strengthen its portfolio and accelerate expansion across key Indian cities.Read more