New York

Chandra hints at consolidation

Emphasising that there will “definitely” be pruning of the Tata portfolio, Tata Sons chairman Natarajan Chandra­sekaran has said the company will not exit a business “just to get a headline” but only when it is certain the group is not getting returns from it.

Chatwal’s Dream Hotel set for Delhi debut in ‘19

Indian-American hotelier Sant Singh Chatwal has signed an agreement to expand its business to India with the opening of a luxurious hotel in New Delhi in 2019. The Chatwal-led Dream Hotel Group signed the hotel management agreement here on Monday with Viiking Ventures chairman Sachiin Joshi to open the Dream Hotel in New Delhi. Set to open in West Delhi’s central business district, Dream New Delhi will feature 187 guest rooms and suites and other hi-end amenities.

M&M eyes $5b revenue from US, to invest $1b

Diversified Mahindra group plans to invest $1 billion across business verticals in the US over the next five years as it aims to double revenues from the American market to $5 billion.