Minimum number of bids reduced from three to two; minimum turnover eligibility also reduced for bidders
1 min read23 Aug 2018Will Indian Hotels bid aggressively for Taj Mansingh to retain its hold over the Delhi market? Until this question is answered and the contours of the financial terms are clearer, the stock is likely to be under pressure
2 min read22 Jun 2018NDMC has postponed the Taj Mansingh auction to 18 July after Indian Hotels remained the only bidder. Will this sell-off go the Air India way?
2 min read21 Jun 2018The auction of Taj Mansingh hotel may again be stalled as Indian Hotels Company Ltd is the only bidder for the 292-room luxury property
1 min read8 Jun 2018The Supreme Court dismissed the IHCL's appeal against a 22 May order of Delhi HC clearing NDMC's tender process inviting bids for the pubic auction of Taj Mansingh Hotel
2 min read1 Jun 2018The New Delhi Municipality Council (NDMC) in a notice today said potential bidders can submit bids for the 292-room five-star hotel currently operated by the Indian Hotels from 18 May
2 min read25 Apr 2018Tough requirements for the auction of Taj Mansingh will bar all foreign hotel chains and financial investors as well as several local hotel operators, say hotel firms, consultants
3 min read15 Jan 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared