Sector Hotels, Restaurants & Tourism - Latest news, views and updates

Hotels, Restaurants & Tourism

SECTOR | 04 Nov 2024

Hotels: Sector Update

Hotels, Restaurants & Tourism

IDBI Capital

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 03 Nov 2024

MoS Suresh Gopi booked for 'misusing' ambulance on Thrissur Pooram day

Business Standard

A case was regsitered against Union Minister Suresh Gopi and two others for "misusing" an ambulance during the Thrissur Pooram festivities in April this year, police said on Sunday. The Thrissur East Police on Sunday registered an FIR against the Union Minister of State for Petroleum, Natural Gas and Tourism, Abhijith Nair and an ambulance driver in this regard. Sections 279 (rash driving or riding on a public way) and 34 (acts done by several persons in furtherance of common intention) of the IPC and sections 179, 184, 188 and 192 of Motor Vehicles Act were imposed against them, police said. The case was registered following a complaint filed by K P Sumesh, a local CPI leader, seeking legal action against Gopi for allegedly misusing an ambulance to reach the Pooram venue flouting police restrictions. According to the FIR, Gopi, who was the then BJP candidate in Thrissur Lok Sabha constituency, and the other accused acted as part of the election campaign strategy and travelled in a

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Union Minister Suresh Gopi booked for misusing' ambulance on Thrissur Pooram day

Business Line | 03 Nov 2024

Hotels, Restaurants & Tourism

SECTOR | 02 Nov 2024

Japan plans automated transport to address driver shortage, cut emissions

Business Standard

Japan is planning to build an automated cargo transport corridor between Tokyo and Osaka, dubbed a conveyor belt road by the government, to make up for a shortage of truck drivers. The amount of funding for the project is not yet set. But it's seen as one key way to help the country cope with soaring deliveries. A computer graphics video made by the government shows big, wheeled boxes moving along a three-lane corridor, also called an auto flow road, in the middle of a big highway. A trial system is due to start test runs in 2027 or early 2028, aiming for full operations by the mid-2030s. We need to be innovative with the way we approach roads, said Yuri Endo, a senior deputy director overseeing the effort at the Ministry of Land, Infrastructure, Transport and Tourism. Apart from making up for a shrinking labour force and the need to reduce workloads for drivers, the system also will help cut carbon emissions, she said. The key concept of the auto flow-road is to create dedicated

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 01 Nov 2024

Karnataka govt approves tourism policy 2024-29 with Rs 1,349 cr funding

Business Standard

The Karnataka government has approved the Tourism Policy 2024-29, allocating Rs 1,349 crore to develop essential infrastructure and attract international tourists, state Minister Laxmi Hebbalkar announced on Friday. Speaking at the 'Karnataka Rajyothsava' celebrations here, the Women and Child Welfare Minister, who is also Udupi district in-charge, emphasised the government's commitment to transforming Karnataka into a global tourism hub through enhanced services and facilities. Highlighting Karnataka's investment appeal, Hebbalkar stated that Bengaluru continues to lead the nation in investment inflow, a feat credited to the government's strategic efforts. She noted that youth skill development programmes have equipped local talent to contribute effectively to various industries, further driving economic growth and investor confidence. Reaffirming the government's dedication to promoting the Kannada language, Hebbalkar urged the public to engage more deeply with Kannada literatur

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 31 Oct 2024

Saudi Arabia's Historical Mud City Seeing Boost In Tourism FDI

NDTV Profit

Companies from Italy, Colombia and the United Arab Emirates are the latest to make commitments to co-develop hotels and villas at the site.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 31 Oct 2024

Suresh Gopi dares Kerala govt to seek CBI probe into Thrissur Pooram

Business Standard

Amid controversy over his use of an ambulance to reach the Thrissur Pooram venue after hearing that the festival was disrupted, Union Minister Suresh Gopi on Thursday detailed the sequence of events leading to the incident and demanded a CBI probe into the entire episode. Gopi, the Union Minister of State for Petroleum, Natural Gas and Tourism, while not refuting the allegations that he reached the festival site in an ambulance, claimed that he reached close to the festival site in his car, which was then attacked by some 'goondas' of the rival political parties. The Union MoS claimed that he was rescued from there by some youngsters who put him in an ambulance which was there at the festival site to cater to those in distress. "I do not need to explain it further. Let the CBI come and investigate. Do they have the courage to bring the CBI. Their entire politics will go up in flames if it happens. You want the truth to come out, bring the CBI," he said. He further claimed that all

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 30 Oct 2024

Delhi Government Approves 24-Hour Restaurant Operations In Aerocity To Boost Tourism And Economy

NDTV Profit

It said Chief Minister Atishi approved the proposal aimed at attracting more tourists and increasing government revenue through enhanced licensing fees.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 30 Oct 2024

Mahakumbh 2025 to be 'more divine, grand' than all previous Kumbhs: UP CM

Business Standard

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday emphasised that the upcoming Mahakumbh in Prayagraj would be "more divine and grand" than all previous Kumbhs. This "intangible cultural heritage of humanity" will showcase the rich traditions of Sanatan Indian culture, its diverse social fabric, and people's deep-rooted faith, Adityanath said. The chief minister and Union Tourism and Culture Minister Gajendra Singh Shekhawat conducted a review of the ongoing and proposed tourism development projects for the Mahakumbh, Ayodhya Dham, and Naimisharanya Dham in Lucknow on Tuesday, the state government said. Adityanath apprised the Union minister about the ongoing development projects at various holy sites in Prayagraj. He also directed officials to ensure that these projects were completed by November 30 while affirming the state government's commitment to providing every devotee the opportunity to bathe in the Ganga during the Mahakumbh. Zero discharge into the river is being .

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 28 Oct 2024

Air connectivity policy to boost tourism, economic development in Rajasthan

Business Standard

The Federation of Hospitality and Tourism of Rajasthan (FHTR) also recently raised this demand with the state's Deputy Chief Minister and Tourism Minister Diya Kumari

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 28 Oct 2024

Karnataka eyes Rs 1,500 cr investments in state with new tourism policy

Business Standard

The Karnataka cabinet on Monday cleared the new tourism policy for the state, with the government eyeing investments to the tune of Rs 1,500 crore in the sector. Karnataka plans to attract 20 lakh foreign tourists a year to be among the top five states in this category, and with respect to domestic footfalls it wants to be among the top three states with a target of 48 crore local tourists, Law and Parliamentary Affairs Minister H K Patil told reporters after the Cabinet meeting. "The cabinet after detailed discussion has given its nod to announce the Karnataka Tourism Policy 2024-29 and to release subsidies, grants under the policy," Patil said. He further said the new tourism policy wants to promote tourism in the state under themes -- adventure, agriculture, caravan, coastal, beach, cuisine, cultural, traditional, environment, education, film, golf, sports, tribal, wedding destination, health tourism among others. "... apartment, hotel, service apartments, aquarium, beach shacks

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.