The city’s landmark five-star Taj Mahal hotel, popularly called the Taj Mansingh after the road it’s situated on, is likely to get yet another lease extension. No decision has been taken on the issue of first right of refusal for the present operators, the Taj group, at the time of auction of the luxury property. The latter’s latest lease is to expire in three months. The New Delhi Municipal Council, the civic body for the 43 sq km in the heart of the city (which owns the ... Rediff.com, 1 month ago
Taj to have longer stay at Mansingh - Rediff.com, 1 week ago
The Tata group, which had been on an acquisition drive for a few years, seems to have reversed its stance and gone for an asset-light strategy under Chairman Cyrus Mistry. Looking to reduce its companies’ debt and generate cash for them, the group, which has already sold one of Tata Power’s Indonesian coal mines for $500 million, could be considering more assets to offload.It is said to be looking at raising funds by selling a South Africa-based asset, owned by Tata Communications, ...Rediff.com, 1 month ago
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