SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Hospitality & Retail

CBRE appoints Nikhil Shah to lead hotels and hospitality capital markets advisory in India

21 Mar 2026

CBRE has appointed Nikhil Shah as Senior Executive Director, Hotels & Hospitality, Capital Markets, India, strengthening its advisory capabilities in the country's hospitality investment segment. The announcement, made in the past week, places Shah in Mumbai, where he will focus on transaction execution and client advisory across hotel assets. With nearly two decades of experience in hospitality investments, banking, and private equity, he has been involved in complex, high-value transactions across asset classes. His role will include advising on investment opportunities and supporting portfolio expansion strategies. The appointment aligns with CBRE's broader Asia Pacific strategy to deepen its hotels and hospitality platform and enhance integration between regional capital markets and sector-focused teams.Read more

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Gulshan Group to invest INR 1,000 crore in Taj-branded hotel and residences project in Noida

20 Mar 2026

Gulshan Group has announced an investment of INR 1,000 crore to develop a Taj-branded luxury hotel and residential project in Sector 129 along the Noida Expressway. The development, to be managed by the Indian Hotels Company (IHCL), will comprise a 150-key hotel, 74 serviced apartments, and a penthouse. The project, currently under construction, is expected to be completed within five years. While the hotel and penthouse will be retained by the developer, the residential component is projected to generate over INR 2,000 crore in revenue. Positioned as the tallest Taj hotel and the first in Noida, the project reflects growing demand for branded residences and luxury hospitality assets in the National Capital Region.Read more

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Air India to operate 36 extra flights to Europe and Canada amid airspace restrictions

20 Mar 2026

Air India will operate 36 additional flights to Europe and Canada to manage disruptions caused by restricted West Asia airspace. The move aims to maintain connectivity and handle increased passenger demand on long-haul routes. The additional services will run until March 28 and will connect major Indian cities like Delhi and Mumbai with destinations such as London, Toronto, Frankfurt, and Zurich. Due to rerouting, flight durations have increased, prompting operational adjustments including schedule changes and regulatory support for extended flying hours.Read more

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Government directs airlines to offer 60% seats without extra charges and improve passenger facilitation

20 Mar 2026

The civil aviation ministry has directed airlines to ensure that at least 60 per cent of seats on domestic flights are available without additional charges, aiming to improve fairness and accessibility for passengers. The Directorate General of Civil Aviation (DGCA) has been instructed to implement these norms, along with requirements for airlines to seat passengers travelling under the same PNR together. The government has also asked airlines to introduce transparent policies for pets, sports equipment, and musical instruments, while strengthening communication of passenger rights across platforms and in regional languages.Read more

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RSVM Hospitality acquires 18.6-acre Thane land parcel for INR 498 crore from Neterwala Group

18 Mar 2026

RSVM Hospitality has acquired over 18.6 acres of land in Thane's Majiwada locality for more than INR 498 crore from entities of the Neterwala Group through two separate transactions. The deal includes land purchases from Chemicals and Ferro Alloys Pvt Ltd and Uni Abex Alloy Products Ltd. The acquisition is part of a structured transaction that was initiated earlier and completed recently. It highlights growing interest in Thane as a development hub due to better connectivity, infrastructure upgrades, and availability of large land parcels compared to Mumbai.Read more

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APCRDA signs agreement with Kandhari Hotels for three-star hotel in Amaravati

18 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has entered into an Agreement for Sale of Land with Kandhari Hotels Private Limited for the development of a three-star hotel in Amaravati. The company plans to invest around INR 80 crore to establish the hotel, which will enhance the city's hospitality facilities and serve visitors, business travellers, and institutions. APCRDA allocated 1 acre of land in Thulluru village for this project. Officials noted that such investments will support Amaravati's growth as an administrative and economic center while boosting tourism, employment, and the service sector.Read more

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The Leela expands portfolio with ultra-luxury resort acquisition in Coorg

18 Mar 2026

The Leela Palaces Hotels and Resorts has announced the acquisition of an ultra-luxury resort in Coorg, expanding its presence in South India's leisure hospitality segment. The property, to be developed as The Leela Coorg Forest Sanctuary, is expected to open later this year and is located within the ecologically sensitive Western Ghats region. With proximity to key urban centres such as Bengaluru and Mangaluru, the project is positioned to attract high-end domestic and international travellers. The acquisition aligns with the company's strategy of investing in culturally and environmentally significant destinations while strengthening its diversified portfolio across India's established and emerging luxury tourism markets.Read more

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IndiGo partners with Adani Airports for loyalty rewards on duty-free shopping

17 Mar 2026

IndiGo has teamed up with Adani Airport Holdings Limited (AAHL) to allow members of its BlueChip loyalty programme to earn rewards while shopping duty-free at AAHL-operated airports. Under the collaboration, travellers earn five BlueChips for every INR 100 spent on pre-booked duty-free products through the Adani platform. Customers can browse, reserve, and pay for items online before their flight and collect them conveniently at the airport. Currently, the programme is active at several airports, with plans to expand to Guwahati's Lokapriya Gopinath Bordoloi International Airport and the newly opened Navi Mumbai International Airport.Read more

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Chennai introduces premium low-floor electric AC bus service on key corridors to improve commuter comfort and promote public transport use

Chennai News Desk

16 Mar 2026

Chennai has introduced a premium low-floor electric air-conditioned bus service operated by the Metropolitan Transport Corporation (MTC), marking a new category of reserved-seat urban public transport in the city. The service, launched in the past week by Tamil Nadu's Transport and Electricity Minister S. S. Sivasankar, begins operations with electric buses running on two major routes linking key transport nodes and the IT corridor. Initial services include Route P91 connecting Kalaignar Centenary Bus Terminus, Kilambakkam, with Thiruvanmiyur, and Route P570S between Koyambedu's Chennai Mofussil Bus Terminus and Siruseri IT Park. The premium buses require advance seat reservations through a mobile application and do not permit standing passengers. Authorities stated that the initiative aims to offer a more comfortable and predictable commuting option while encouraging a shift from private vehicles to cleaner public transport modes.Read more

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Radisson and Hilton expand presence with new hotels in India’s emerging and key cities

16 Mar 2026

Radisson Hotel Group has signed four new Park Inn & Suites properties in Roorkee, Meerut, Asansol, and Airoli, aiming to meet the growing demand for quality midscale hospitality in emerging cities. The properties are expected to open within the next three years. Radisson operates over 200 hotels in India, with more than half in tier II and III cities. Hilton has also expanded in India by opening its first Hilton Garden Inn in Goa at Calangute, marking the brand's debut in the state. Both moves highlight strategic growth in response to evolving business, leisure, and social event travel demands.Read more

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