IHCL Signs Vivanta Hotel in Mysuru to Expand Karnataka Presence

17 Jun 2025 CW Team

Indian Hotels Company (IHCL), India’s largest hospitality company, has signed a new greenfield hotel in Mysuru under the Vivanta brand. This marks a strategic addition to IHCL’s growing footprint in Karnataka.

Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “Mysuru, with its cultural heritage and diverse economy, is emerging as a key urban hub. Infrastructure upgrades like the Bengaluru-Mysuru Expressway are further catalysing travel and tourism. This signing aligns with our strategy of expanding in high-potential destinations. We are pleased to partner with the Farah Group.”

The 115-key hotel will be located near the Hebbal Industrial Area and will feature an all-day dining restaurant, bar, gym, swimming pool, and event spaces, catering to both business and leisure travellers.

Liaquath Ali Khan, Managing Director, Farah Builders, said, “We are proud to collaborate with IHCL to bring Vivanta to Mysuru. This hotel will address the city’s growing hospitality needs with modern comforts.”

Renowned for its royal heritage and cultural landmarks, Mysuru is home to attractions such as the Mysuru Palace, Chamundi Hills, and Brindavan Gardens.

With this addition, IHCL’s portfolio in Karnataka rises to 26 hotels, including 12 under development.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..