Thailand-based hospitality chain, Lebua Hotels & Resorts, is looking at expanding in India with four luxury properties in the next two years and an investment of over $368 million.
The company has narrowed down cities like Mumbai, Delhi, Bangalore, Goa and Rishikesh for these new hotels.
It is reportedly in talks with three property owners and a deal is likely to be sealed within this year.
Lebua currently operates three properties in Rajasthan, one in Udaipur and two in Jaipur, with a total capacity of 140 rooms.
Globally, the company has six luxury properties in three countries – Thailand, New Zealand and India – with a 40 per cent focus on corporate business and 60 per cent on leisure.
Lebua plans to provide air charter services to its properties within the next three months. With an eye on China and Indonesia, it also plans to take its global tourism business share in Asia from 26 per cent to 74 per cent in the coming years.
Tata Consultancy Services(TCS) has clinched its biggest acquisition in Europe yet with the purchase of a French information technology services firm Alti SA.
India's leading private carrier, Jet Airways, plans to expand its European operations by flying to Amsterdam. The airline is also looking to increase the number of flights that it currently operates to Bangkok, Abu Dhabi, Dubai and Singapore.
Britain's leading oil and natural gas company, BG Group, announced a major agreement for the long-term sale of liquefied natural gas (LNG) to India, signifying one of the largest trade deals between the two countries.
One of India's chief economic strategists has stressed that India remains wide open for business despite a slowing growth rate.
British Prime Minister David Cameron began his three-day mega visit to India with the promise of same-day visas for Indian businessmen, enhancing the "special relationship".
Close on the heels of Swedish firm Ikea getting the go-ahead to set up its stores in India, Walmart confirmed the country was high on its investment list.
Mergers and acquisitions (M&A) by Indian firms have clocked up a total of over $41 billion this year, according to global consultancy firm Grant Thornton's latest deal tracker.
Reliance Industries Limited (RIL) chief Mukesh Ambani has been declared India’s richest man for the fifth straight year, according to Forbes magazine’s latest rankings.
Indian enterprises setting up and operating in the UK now have a new guide book to fall back upon.
