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

India and China to resume direct flights after five-year freeze

06 Oct 2025

China's Guangzhou Baiyun International Airport confirmed on Friday that direct flights between India and China will resume later this month, ending a more than five-year suspension and signalling a cautious thaw in bilateral ties. The announcement follows India's decision and IndiGo's plan to start daily non-stop flights between Kolkata and Guangzhou from October 26, marking the first such connection since 2020. The airport added that it would encourage the opening of more direct routes, including Guangzhou-Delhi. The move comes a month after Prime Minister Narendra Modi's visit to China for the SCO summit, where he and President Xi Jinping discussed strengthening trade ties and easing tensions after years of strained relations.Read more

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Senegal seeks up to USD 5B to build second oil refinery and boost capacity

05 Oct 2025

Senegal plans to begin construction of a second oil refinery in 2026, seeking USD 2-5 billion in investment to expand domestic refining capacity, SAR CEO Mamadou Abib Diop told Reuters. Financing offers have already come from China, Turkey, and South Korea. The refinery, dubbed SAR 2.0, will process an additional 4 million tons of crude annually, using feedstock primarily from the Sangomar offshore field, operated by Woodside Energy with Petrosen as minority partner. Sangomar, producing since 2024, yields about 34.5 million barrels per year. By its targeted 2029 start-up, SAR aims to meet national petroleum demand and export to the region, reducing reliance on imports.Read more

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Hilton Bengaluru Whitefield partners with Kalyani Developers for inclusive walkathon on diversity and empowerment

03 Oct 2025

DoubleTree by Hilton Bengaluru Whitefield collaborated with Kalyani Developers to host the Walkathon - Abilities Recruitment March at Kalyani Tech Park as part of Hilton's Travel With Purpose Week. The event focused on inclusivity, accessibility, and empowerment of specially-abled individuals. With participation from industry leaders, NGOs, Rotary clubs, and community members, the initiative underscored Hilton's ongoing commitment to diversity, equity, and purpose-driven hospitality while strengthening its longstanding association with Kalyani Developers.Read more

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Hyatt expands its JdV brand presence in India with new hotel in Kanpur

01 Oct 2025

Hyatt Hotels Corporation announced the signing of The Landmark Kanpur, a 170-key property that will join the JdV by Hyatt brand and is expected to open in early 2026. This marks the brand's second property in India after Goa. The company emphasised its commitment to working with leading local operators to provide distinct hospitality experiences while building on The Landmark's longstanding reputation in Kanpur.Read more

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IHCL expands its presence in Uttarakhand with launch of heritage retreat in Haridwar

01 Oct 2025

Indian Hotels Company Limited (IHCL) announced the launch of its heritage retreat, Hari Ganga Niwas, under the SeleQtions brand in Haridwar, Uttarakhand. The restored 15-key property has been developed in collaboration with the Prasad Group. The company highlighted that the retreat strengthens its footprint in the spiritual tourism circuit while aligning with its focus on heritage preservation. With this addition, IHCL's portfolio in Uttarakhand has now expanded to 34 hotels, including 21 under development.Read more

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Hilton to expand its presence in Rajasthan with new Jaipur Kukas hotel

30 Sep 2025

Hilton is expanding its presence in Rajasthan with Hilton Jaipur Kukas, a 122-room property scheduled to open in 2029 in partnership with Masbu Resorts Pvt Ltd. The company already operates Hilton Jaipur and DoubleTree by Hilton Jaipur Amer, while four additional hotels are under development, including Waldorf Astoria Jaipur, Conrad Jaipur, Signia by Hilton Jaipur, and a property in Udaipur. Jaipur's growing popularity as a cultural tourism and destination wedding hub aligns with Hilton's strategy to strengthen its full-service hotel offerings in high-demand leisure markets. Hilton aims to grow its South Asia portfolio from 71 to 300 hotels over the next decade.Read more

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Ventive Hospitality to acquire majority stake in Hilton Goa Resort

29 Sep 2025

Ventive Hospitality Limited announced its plan to acquire a 76% stake in Soham Leisure Ventures Pvt. Ltd., which owns the 104-key Hilton Goa Resort and an adjacent land parcel. The deal, valued at approximately INR 320 crore, includes an initial cash outlay of INR 120 crore. Ventive intends to refurbish the resort, add 60-65 new rooms, introduce a spa and new dining concepts, and develop branded villas on the land parcel with an estimated gross sale value of over INR 100 crore. This marks Ventive's first entry into India's leisure hospitality market, expanding its partnership with Hilton and supporting its goal of doubling its room portfolio over five years.Read more

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Karnataka hotels seek government relief on rent and LPG to pass GST benefits

27 Sep 2025

Hotels in Karnataka are facing challenges in passing on the benefits of recent GST rate cuts due to high taxes on LPG cylinders and property rents. The Karnataka State Hotels Association has urged the government to lower GST on rent to help businesses remain competitive. While the GST Council reduced taxes on about 375 goods and services during Navaratri, operational costs like cooking gas and rental expenses remain high. Association president G K Shetty explained that without relief on these expenses, hotels cannot lower food or room prices for consumers.Read more

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IHCL opens 155-key Taj Ganga Kutir Resort & Spa in West Bengal

26 Sep 2025

IHCL has launched its 155-key Taj Ganga Kutir Resort & Spa in Raichak, West Bengal, situated at the confluence of the Ganga River and the Bay of Bengal. Puneet Chhatwal, MD and CEO of IHCL, noted that the property reflects the company's strategy to expand into culturally rich and unique destinations in India. Designed to combine luxury, wellness, and immersive local experiences, the resort strengthens IHCL's portfolio of signature Taj properties. It aims to attract travelers seeking premium leisure stays with scenic riverside views and a touch of Bengal's heritage.Read more

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Sonani Jewels opens world's largest lab-grown diamond jewellery showroom in Surat

26 Sep 2025

Sonani Jewels has launched the world's largest lab-grown diamond jewellery showroom in Surat, covering 18,000 sq ft across two floors. The store offers over 4,000 designs in daily-wear and bridal categories, crafted in 18, 14, and 9 carat gold at its in-house factory. The inauguration, led by Union Jal Shakti Minister CR Patil and attended by state and city leaders, was followed by a three-day celebration, including a fashion show of 300 designs. Founder Agastya Sonani emphasised the company's 25-year journey in diamonds and the growing demand for lab-grown jewellery worldwide.Read more

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