MEGA HOSPITAL
KKR set to acquire Kerala's Baby Memorial Hospitals, make a comeback in hospital segment
KKR & Co plans to acquire a 70% stake in Kerala's Baby Memorial Hospital (BMH) for $300 million, marking its return to the Indian hospital sector. BMH, with 500 beds and expansion plans, is among Kerala’s largest hospitals. This move aligns with KKR’s strategy of expanding healthcare assets in India.
Zepto’s mega fundraise; Oyo funding gets shareholder nod
Quick commerce company Zepto has raised $665 million from new and existing investors. This and more on today’s ETtech Top 5.
Hoteliers pull out all the stops to pamper business travellers
Travel and hospitality firms reported that they are seeing distinct changes in the needs of India's new generation of business travelers, going above and beyond simple lodging. Customized facilities and services are in greater demand and are being provided.
Singapore bullish on potential tourist arrivals from India, expands hospitality infrastructure
Singapore aims to boost tourism from India, emphasizing hospitality infrastructure expansion with 9,000 new hotel rooms. STB promotes aggressively in India, eyeing both tourist and business traveler influx, citing growing bilateral trade opportunities in sectors like pharma and IT. APAC edition of NRF Retail Big Show scheduled, expecting 5-10% Indian delegates.
Singapore bullish on potential tourist arrivals from India, expands hospitality infrastructure
Singapore is optimistic about welcoming more tourists from India, focusing on expanding its hospitality infrastructure with 9,000 new hotel rooms. The Singapore Tourism Board is actively promoting the country as a holiday destination, targeting both leisure travelers and business visitors. The upcoming APAC edition of the NRF Retail Big Show in June highlights Singapore's efforts to attract international delegates and boost bilateral trade opportunities with India.
Mega salary hike for central govt employees as DA to touch 50%: HRA, gratuity, other components will also go up
If DA hits 50%, certain other allowances and components of the salary — house rent allowance, children's education allowance, gratuity ceiling, daily allowance — will also go up, according to the recommendations of the 7th Central Pay Commission. It will lead to a significant jump in the salaries of the central government employees. How will the central government employees be benefitted if DA touches 50%? Will DA merge with basic pay when it crosses the 50% threshold? Find out here
Massive tractor march, 'martyr' status for Shubhkaran Singh: Farmers get ready for mega Delhi showdown
Unrest continues at the Punjab-Haryana border as farmer protests escalate. The Samyukta Kisan Morcha announces further demonstrations, demanding justice for a deceased farmer and recognition for his sacrifice. Political parties are embroiled in blame games, while medical procedures for the deceased await police instructions.
The temple of development: How Ayodhya will prove to be an economic boost
Besides the temple complex, Ayodhya has attracted funding for a host of developmental and infrastructural projects which will not only boost tourism in and around the city but also turn the city into a regional growth hub that will spur business and economic activity in the wider region due to enhanced connectivity. A mega tourist city of global standards which will attract lakhs of tourists daily is bound to revolutionise the economy of more than a dozen neighbouring districts.
Temple boom: Mega opportunities that Ayodhya real estate is throwing up
The real estate boom in Ayodhya has seen a rise in demand and inquiries. The temple town's economic viability, sentiment, and infrastructure have led to a 10-20% increase in land prices. Close to 15 hotel permits have been given, and Rs 30,000 crore has been invested in infrastructure upgrades. The entire region, including Kashi Vishwanath Corridor, Banaras, and Ayodhya, is expected to see a massive interest from developers and buyers. Ayodhya's real estate prices have soared, with a 6x to 10x increase in the last three to five years.
Fundamental Radar: What’s likely to help Lemon Tree emerge stronger in hospitality segment?
Lemon Tree Hotels has established a niche for itself in the mid-market segment and is expanding its presence in the top segment. The company is expected to benefit from rising demand and slower supply in key markets like NCR and Mumbai. The recent opening of mega convention centers in these cities will bring significant changes in dynamics.
Pokemon LEGO-Style Sets: Check out different options and where to buy
Discover MEGA, Mattel's answer to Pokemon LEGO-style sets. No official LEGO Pokemon sets yet, but MEGA offers a variety on Amazon, including Pikachu, Charizard and more.
PM Modi to launch development projects in Maharashtra, inaugurate National Games in Goa
Prime Minister Narendra Modi will launch a scheme in Maharashtra benefiting over 86 lakh farmers and inaugurate projects worth over Rs 7,500 crore. He will also travel to Goa to inaugurate the 37th National Games. In Maharashtra, Modi will visit the Shri Saibaba temple in Shridi and inaugurate its new "darshan queue complex."
We are bullish on power capex, rural consumption and pharma sector: Manish Gunwani
And I think a lot of the smaller companies will, if they have a good business model, good management team, if they are on the right side of tech disruption or if they are part of a global theme.
Like a big fat Indian wedding: How India has prepared for G20 mega meet
G20 Meeting: India is hosting the G20 Summit after a year-long series of events all over the country. Over 220 meetings would have happened across 60 cities in all 28 states and 8 union territories, with over 1.5 crore people involved in these programs. The G20 secretariat in Delhi has been responsible for the overall policy decisions and arrangements needed, and India had all hands on deck as ministers, government officials, state governments, civil society groups, businesses, and common people came together to host foreign dignitaries.
80 medical teams, 130 ambulances to be deployed for G20 Summit, ALS teams to escort VVIP carcades
As part of the setup for the G20 Summit, 80 teams of medical personnel, 130 ambulances, and advanced life support teams to accompany VVIP carcades will be deployed. In addition to these, officials indicated that three private medical facilities and five government hospitals have been placed on "high alert" in light of the summit.
Canton-type mega expos are a gateway to global trade. Is India ready to host them?
Inspired by global trade fairs, the government wants to host mega expos. This is exciting news for MSMEs, and the economy. But the success of the plan rests on various stakeholders coming together to address the challenges.
What could be the next mega trend in the market? Raamdeo Agrawal answers
According to Raamdeo Agrawal, Chairman of MOFSL, pure internet companies such as Zomato, Swiggy, and PolicyBazaar can become large players in terms of profit pool. Companies like Bajaj Finance, Zerodha, and Angel One, which are traditional businesses leveraging the power of technology, are also poised for accelerated growth. Another area for growth is the real estate industry, which is showing profits after years of losses.
New parents Ram Charan, Upasana Kamineni will have a traditional naming ceremony for daughter in Hyderabad
Telugu superstar Ram Charan and his wife Upasana Kamineni Konidela are preparing for their baby girl's naming ceremony in Hyderabad. The couple opted for a traditional and organic setup with fragrant flowers and a tree-like structure in the courtyard.
Nepal prime minister seeks Indian investments in mining, agri, energy, hospitality, IT
Prime Minister Narendra Modi and his Nepalese counterpart Pushpakamal Dahal 'Prachanda' on Thursday vowed to resolve the vexed boundary dispute under the spirit of friendship even as the two sides signed several major pacts including one on increasing New Delhi's import of power from the neighbouring country to 10,000 mega watt in the next 10 years.
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