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Berggruen to invest $30 million to grow Keys hotel chain in India

New York-based investment firm Berggruen Holdings Inc., which owns the Keys hotel chain in India, plans to invest $30 million (around Rs200 crore) to expand its presence in the country. Berggruen Holdings has so far invested $80 million in Berggruen Hotels Pvt. Ltd, which operates only in India.

Indian Hotels’ MD and CEO Rakesh Sarna resigns

Indian Hotels Co. Ltd (IHCL), a part of the Tata group, on Friday said its managing director and chief executive Rakesh Sarna had resigned for personal reasons.

Tamil Nadu hotels to shut down on May 30 over GST rates

As a mark of disagreement with the exorbitant tax rates under the much-awaited Goods and Services Tax (GST) Bill to be rolled out on July 1, hotels and restaurants across Tamil Nadu will observe a one-day shutdown on May 30.

Paytm to challenge existing players in hotel, travel space

Paytm, which recently raised $1.4 billion from SoftBank, is set to challenge existing players in the space of movie ticketing, travel and hotels, offering deep discounts to lure customers.