Royal Orchid Hotels Expands Footprint with New Rishikesh Property

09 Dec 2025 CW Team

Royal Orchid Hotels Ltd (ROHL) has announced the signing of a new 36-key hotel in Tapovan, Rishikesh, marking its strategic entry into Uttarakhand’s fast-growing tourism market. The property, to be operated under a management agreement, aligns with the company’s asset-light expansion approach and aims to strengthen its presence in culturally significant destinations.

The hotel is located close to the River Ganga, popular ashrams and key adventure activity zones. Designed for both spiritual travellers and adventure seekers, it will offer well-appointed rooms, a multi-cuisine restaurant, banquet and conference spaces suitable for destination weddings and corporate gatherings, along with a spa and fitness centre. Its position provides convenient access to Rishikesh landmarks including Ram Jhula and Laxman Jhula.

According to Chander K Baljee, Chairman and Managing Director, the signing reinforces the brand’s commitment to expanding across heritage and high-demand tourist centres. The development is being undertaken in partnership with IRIS Park Leisures Private Limited, whose representatives expressed confidence in delivering a high-quality Regenta experience that blends local tranquillity with world-class service.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..