Can the Royals revive the Jewel on the Hill?
While Lalitha Mahal Palace can be a luxurious Palace Hotel, the truly luxurious hotel in Mysuru, if revived, has to be the Rajendra Vilas Palace atop the Hill. It was and still can be a luxury hotel with a hill station feel in the heart of a city, an unmatchable USP.
Three years ago speaking to SOM, Pramoda Devi Wadiyar, ‘Trustee’ of the property, when asked if she was willing for a joint venture to run the Rajendra Vilas, she said, “I am willing to consider it and have had a discussion. However, my first priority is to retain the property. I do not want to relinquish the ownership at any cost. In the last three-and-a-half years, I have cleared a lot of liabilities. Today my ancestors and my husband can be proud of me.”
Mysore/Mysuru: Will Tata Group that runs the prestigious chain of Taj Hotels take over the iconic
Lalitha Mahal Palace Hotel in Mysuru?
According to reliable sources from Bengaluru, the Tata Group has offered to run the luxury hotel at a virtual meeting that was chaired by Chief Minister B.S. Yediyurappa. The meeting was convened to discuss investment opportunities in Karnataka. The Tata Group was represented by Tata Sons Chairman N. Chandrasekaran and other top executives of the company.
The meeting was also attended by Puneet Chhatwal, Managing Director of Indian Hotels Company Limited (IHCL), a group company of TATA’s under which the Taj Hotels are managed.
New Delhi [India], January 19 (ANI): Lok Sabha Speaker Om Birla on Tuesday said that India Tourism Development Corporation (ITDC) will run canteens in Parliament and the food subsidy has ended.
Subsidy on food at Parliament canteen removed, prices to be hiked
He also said that from now India Tourism Development Corporation (ITDC) will handle canteens in the Parliament in place of Northern Railways
BusinessToday.In | January 19, 2021 | Updated 18:12 IST
The subsidy on Parliament s canteen food served to Members of Parliament (MP)s and others has been stopped, Lok Sabha speaker Om Birla said on Tuesday.
He also said that from now India Tourism Development Corporation (ITDC) will handle canteens in the Parliament in place of Northern Railways.
With the subsidy coming to an end, the Lok Sabha secretariat can annually save more than Rs 8 crore, PTI reported citing sources.
US stocks retreat from all-time highs
Wall Street s main indexes slipped from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally, while Twitter shares slumped following the permanent suspension of President Donald Trump s account. The Dow Jones Industrial Average fell 167.89 points, or 0.54%, to 30,930.08, the S&P 500 lost 28.84 points, or 0.75%, to 3,796.14 and the Nasdaq Composite lost 161.41 points, or 1.22%, to 13,042.36.
European shares rally falters
European stocks fell from over 10-month highs on Monday after rallying last week, as investors feared a surge in coronavirus cases across the continent and mainland China could delay an economic recovery. The pan-European STOXX 600 index fell 0.63%, easing from its February 2020 peak hit on Friday. Germany s DAX index shed 0.94% after hitting all-time highs last week and France s CAC 40 was down 0.84%.