The stand-off between Indian Hotels Company, which operates the Taj group of hotels, and the New Delhi Municipal Council (NDMC) over the prestigious Taj Mansingh Hotel in the Capital, is headed for an amicable resolution.

The Indian Hotels Company (IHCL), the Tata Group firm which runs the Taj Group of Hotels in the country, is planning to double its ‘Vivanta by Taj’ hotels to 50 from the current 23 hotels in the next 4 years.

The company's net profit for the corresponding quarter of the last fiscal was Rs 50.29 crore.

The Indian Hotels Company Ltd, operator of the Taj brands of hotels, on Monday formed a joint venture with Yunnan Tourism Co Ltd to develop and manage two hotels in China’s Yunnan province.

There is uncertainty whether Tatas will continue to run the Taj Mahal Hotel near India Gate with the New Delhi Municipal Corporation (NDMC) mulling the option of inviting fresh bids for the property as the extended lease for its use ends in October this

Indian Hotels Company Ltd (IHCL), which owns a chain of luxury hotels and resorts, is laying the foundation for its maiden entry into China.

Indian Hotels Company (IHCL), the country's second-largest hotel chain, on Friday posted a net profit of Rs 8.12 crore for the quarter ended September 30. It had posted a loss of Rs 6.30 crore for the corresponding quarter a year ago.

Indian Hotels Company today reported profit after tax of Rs 8.12 crore for the second quarter ended September 30, 2011, over the same period previous fiscal.

The firm has held talks with the management of The Drake, a 535-room hotel currently operated by Hilton Worldwide.

For the corresponding quarter last fiscal, the company's net profit was Rs 3.33 crore, it said in a filing to the Bombay Stock Exchange (BSE).

This article has been corrected.

Weighed down by huge debts on their books, three of India's biggest hospitality brands, Taj, Oberoi and Leela, are moving away from funding new properties and are relying on management contracts for adding new hotels instead.

If occupancy stays high and US ops turn around, things may look up for the stock.

Indian Hotels Company is trading higher by 2% at Rs 80.40 after its board approved an investment upto Rs 51 crore for acquiring an incremental equity stake in Piem Hotels, an unlisted associate company.

The Indian Hotels Company Ltd, owners of the Taj Group of hotels, has posted 57 per cent increase in standalone net profit for the January-March quarter compared to the year-ago period.

Indian Hotels has moved up 3% to Rs 88.85 on reports that the company is planning to introduce a new hotel brand in the mid-scale segment and consolidate its foreign brands under one holding company.

Indian hotel chains are raising funds but preferring to use the cash to clean up their balance sheet and complete existing projects than draw new plans.

Indian Hotels Company (IHCL), which owns the Taj brand, stated on Wednesday it would sell stake in its wholly-owned subsidiary, Roots Corporation. The latter operates Ginger, the budget hotel brand.

Tata Group's hospitality firm Indian Hotels Company today said its subsidiary Roots Corporation will sell a minority stake to the Singapore based Omega TC Holdings for Rs 150 crore.

Indian Hotels Company, India's biggest in the segment and owner of the Taj brand, reported a 22.5 per cent fall in net profit at Rs 50.3 crore for the quarter ended December 31, 2010, as compared to Rs 64.9 crore in the corresponding quarter a year