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Tourism Development in Manali Gets Rs 1.5 billion Boost
Chief Minister Sukhvinder Singh Sukhu unveiled a tourism development project worth Rs 1.5 billion, funded by the Asian Development Bank (ADB), to upgrade tourism infrastructure in Manali. The announcement was made during the inauguration of the Sharad-Utsav Winter Carnival at Manu Rangshala.Sukhu also revealed plans for a Rs 150 milllion bridge connecting Rangdi to the left bank to reduce traffic congestion at Manali’s entrance. Additional initiatives include developing hot water bath facilities, a nature park, and amenities at Kalath, alongside enhancing the region's natural hot springs.The..
OYO to Expand Footprint with 500 Hotels in Religious Hubs
OYO, the global hospitality tech leader, announced plans to launch 500 hotels in major Indian pilgrimage destinations, aligning with the government’s push to enhance spiritual tourism. The expansion covers popular hubs such as Ayodhya, Varanasi, Prayagraj, Haridwar, Puri, and more, ensuring quality stays for millions of devotees.Ayodhya will see the highest focus, with over 150 new hotels to meet rising demand following the Ram Temple inauguration last year. Ayodhya also became the most-searched spiritual destination on the OYO app, recording a 39 per cent growth in searches for New Year hol..
NUVOCO Vistas’ Sales volume grew by 16% Y-o-Y to 4.7 MMT in Q3 FY25
Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced its unaudited financial results for the quarter ended December 31, 2024. With 25 MMTPA of combined installed capacity, Nuvoco Vistas Corp. Ltd. is the 5th largest cement group in India and amongst the leading cement players in East India. The company is on track to achieve 31 MMTPA cement capacity1 by Q3 FY27 after emerging as the Successful Resolution Applicant for Vadraj Cement Limited (VCL). A Letter of Intent has already been issued. The VCL facility comprises of 3.5 MMTPA clinker unit in Kutch and a 6 MMTPA..
