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Sep 23 • 4 tweets • 4 min read
#MintLongStory | What's behind the mid-market hotel chain's transformation into an asset-lite company?

(@VaruniKhosla reports)

Read here: livemint.com/companies/news… Image
#MintLongStory | The company owns around 5,100 rooms of the 8,300 rooms in its portfolio currently. It has now set itself an ambitious target of operating 20,000 rooms in the next five years, in line with Chairman Keswani's vision.

Read here: livemint.com/companies/news… Image
#MintLongStory | But a large part of Lemon Tree's success with the asset-light model has been due to its consistent performance and deft management of the relationships with the hotel owners.

Read here: livemint.com/companies/news… Image
#MintLongStory | As big tech giants like Google and Meta look at entering the hotel room distribution and marketing space globally, there is a worry over not just losing business and loyalty to online tour operators but also to tech behemoths.

Read here: livemint.com/companies/news… Image

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More from @livemint

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Sep 23
#MintPlainFacts | Billionaire Gautam Adani has pledged his entire stake in Ambuja Cements Ltd and ACC Ltd to foreign banks.

(Pragya Srivastava reports)

Read here: livemint.com/economy/data-r… Image
#MintPlainFacts | Interest rate hikes by the US Federal Reserve have been a key reason for the weakening of the rupee.

Read here: livemint.com/economy/data-r… Image
#MintPlainFacts | India's automobile sector, which has been grappling with low demand and raw material shortages, is expected to post its best-ever festive period growth in the coming season.

Read here: livemint.com/economy/data-r… Image
Read 9 tweets
Mint Profile picture
Sep 23
#MintPrimer | Russia's partial mobilization of reservists, announced on Wednesday by President Vladimir Putin, makes it clear that the war in Ukraine is far from over.

(@MattooShashank reports)

Read here: livemint.com/politics/news/… Image
#MintPrimer | Russia's defence minister estimates that around 300,000 soldiers will be called into service in the first wave of mobilization.

Read here: livemint.com/politics/news/… Image
#MintPrimer | Ukrainian President Zelensky's troops have taken back territory in northeastern and southern Ukraine.

Read here: livemint.com/politics/news/… Image
Read 6 tweets
Mint Profile picture
Sep 23
🗞️In Mint today:

📱New telecom bill, Vodafone advantage
↔️ Resilience of Indian stock mkt
💸New foreign trade policy
🪖Russia's mobilisation explained
🏨 The new avatar of Lemon Tree
🎓Your guide to education loans

A 🧵by @TauseefShahidi
The telecom draft bill, released on Wed, can benefit Vodafone Idea, which is unable to pay its vendors. The changes proposed relate to waiver of fees, charges and penalties; and writing off payments that run into default, reports @gulveenaulakh_

livemint.com/industry/telec…
The rupee hit a record low of 80.87 against the dollar, after the Fed's rate hike. The greenback's sustained strength is piling pressure on RBI to defend the domestic currency, write @UjjvalJauhari and Ram Sehgal

livemint.com/economy/feds-i…
Read 12 tweets
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Feb 19
#PersonalFinance | NRIs and foreign investors enjoy low tax rates on investments made in the International Financial Services Centre (IFSC) in the Gujarat International Finance Tec-City (GIFT) located at Gandhinagar, Gujarat.

(By @SatyaSontanam) | bit.ly/3sPpoMp
#PersonalFinance |Legally, the IFSC is considered a jurisdiction separate from the rest of India, that provides financial services in foreign currency.

(By @SatyaSontanam) | bit.ly/3sPpoMp
#PersonalFinance | A large number of Alternative Investment Funds (AIFs) have also sprung up in the GIFT city, catering to NRIs.

(By @SatyaSontanam) | bit.ly/3sPpoMp
Read 5 tweets
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Feb 18
#MintPrimer | Federal think tank NITI Aayog is holding a consultation on the upcoming electric vehicle (EV) battery swapping policy on Friday. Battery-as-a-service (BaaS) is seen as a viable charging alternative.

(By @Alisha2494) | Read: bit.ly/3s0PFZ4
#MitPrimer | Manufacturers can sell EVs in two forms: Vehicles with fixed or removable batteries and vehicles with batteries on lease.

(By @Alisha2494) | Read: bit.ly/3s0PFZ4
#MintPrimer | There are economic and operational constraints. Energy service providers offering swapping solutions have to charge 18% goods and services tax (GST) for swapping, compared to 5% GST on the purchase of an EV.

Read: livemint.com/auto-news/is-b…
Read 5 tweets
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Feb 18
#MintPlainFacts | This week we look at the much-anticipated public offer of #LifeInsuranceCorporation of India, the voter turnouts in the ongoing state polls, and the political narratives being forged on Wikipedia’s pages

(By @TanaySukumar) | Read: bit.ly/34IAlHK
#MintPlainFacts | Project inaugurations during electoral campaigns are all about timing. Uttar Pradesh completed a record ₹53,162 crore worth of infrastructure projects in the Dec quarter, a recent Mint analysis showed.

(By @TanaySukumar) | Read: bit.ly/34IAlHK
#MintPlainFacts | After a long wait, state-owned insurer Life Insurance Corp. of India finally filed its draft papers with the stock market regulator on Sunday ahead of a public offer.

(By @TanaySukumar) | Read: bit.ly/34IAlHK
Read 7 tweets

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