Lemon Tree Hotels has forayed into Dubai and the Middle-East with a signing of a License Agreement for a 114 room hotel in Dubai under the Company’s brand ‘Lemon Tree Hotel’. The hotel is expected to be operational by June, 2019. Carnation Hotels, the hotel management arm of the company will be operating and marketing … Read more
Tata Motors and Gulf Oil Lubricants India (GOLIL) have signed an agreement to launch a range of co-branded lubricants for its passenger vehicle segment in India. The products launched under this range would cover the entire gamut of requirements by the Company, which would include engine oil, gear oil, coolant and brake oil. Additionally, the … Read more
Dilip Buildcon has executed the Contract Agreement with Madhya Pradesh Metro Rail, Urban Administration and Development Department, Bhopal (M.P) for Bhopal and Indore Metro Rail Project Phase -I, valued at Rs 247.06 crore and Rs 228.96 crore, Respectively. Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They … Read more
Lemon Tree Hotels has signed a license agreement for a 27 room city hotel in the heart of Thimphu, Bhutan under the company’s brand ‘Lemon Tree Hotel’. The Hotel is expected to be operational by March, 2019. Carnation Hotels, the hotel management arm of the company will be operating and marketing this Hotel. This is … Read more
GMR Infrastructure’s indirect subsidiary — GMR Hyderabad International Airport (GHIAL) has entered into a definitive Share Purchase Agreement for acquiring the entire equity and preference shares held by Menzies Aviation Cargo (Hyderabad), Mauritius in Hyderabad Menzies Air Cargo (HMACPL) at a total consideration of Rs 59.75 crore. Post-acquisition of the aforesaid shares, HMACPL will be … Read more
IDFC and its subsidiaries — IDFC Financial Holding Company (IDFC FHCL) and IDFC Infrastructure Finance (IDFC IFL) — have entered into a definitive agreement with National Investment and Infrastructure Fund II (NIIF II). Pursuant to the said Agreement, NIIF II shall acquire controlling interest in IDFC IFL from IDFC FHCL. IDFC is the country’s leading … Read more
HSIL has signed Distribution agreement with Formenti E Giovenzana of Italy, giving exclusive distribution rights to the company for the territory of India and other territories as may be mutually agreed, for distribution of Kitchen and Furniture functional hardware fitting products such as hinges, slides, drawers, sliding doors, alternative openings and wall hanging brackets manufactured … Read more
