Latest news with #Ayodhya
Times of Oman
13 hours ago
- Business
- Times of Oman
Elon Musk's father visits Ram temple in Ayodhya
Ayodhya: Errol Musk, father of Tesla CEO Elon Musk, arrived in Ayodhya on Wednesday and offered prayers at the Hanumangarhi Temple and Lord Ram Temple. "I feel great, wonderful," Errol Musk told ANI about his visit to Ayodhya Earlier, talking to the media, Errol Musk praised India, saying the people are full of love, kindness and "probably the best people you can meet". "India is a wonderful place. As many people as possible should come to India. There are a lot of Indians in the country where I come from, so I know the Indian culture. The people are full of love, kindness--probably the best people you can meet. We have some smart (business) plans which are being looked at. I think India-US relations will be very good," Errol Musk said. Vishnu Dasji Maharaj, a saint, said that Elon Musk's father's visit to Ayodhya reflects India's spiritual strength. "People around the world are drawn to Ayodhya. I welcome and congratulate him, and pray that God continues to guide him with wisdom," he said. Echoing the sentiment, Sitaram Das Ji Maharaj said, Lord Ram stands for the welfare of all humanity.
Hindustan Times
26-05-2025
- Politics
- Hindustan Times
Tapkeshwar Dham to get Kashi-style makeover: UP CM Yogi
Chief minister Yogi Adityanath on Monday announced that Tapkeshwar Dham in Sant Kabir Nagar district will be redeveloped on the lines of the Kashi Vishwanath Corridor. Addressing a public gathering at the site, the CM said preserving cultural heritage was central to the state's development agenda. Tapkeshwar Dham is believed to be associated with Mata Kunti, a revered figure in Hindu mythology. The CM recalled visiting the site years ago and described the planned redevelopment as a way to revive religious tourism in the region. Referring to past infrastructure challenges at Kashi Vishwanath temple, he said, 'The area now accommodates 5,000 visitors simultaneously, compared to earlier constraints when even 50 devotees struggled to gain entry.' He said the transformation of Kashi Vishwanath, Ayodhya Ram Temple, and Maa Vindhyavasini Temple reflected coordinated development efforts by the double-engine government. He also announced that Sant Kabir Nagar district will be linked to the Gorakhpur Link Expressway, which is expected to boost connectivity and open new avenues of growth. Later, the CM offered prayers at the Gorakhnath Temple.
Skift
23-05-2025
- Business
- Skift
The Leela's $400 Million IPO to Fund Luxury Expansion in India
The Leela plans to pay down debt and expand its luxury footprint across spiritual, heritage, and wildlife destinations. No new brands. Niche luxury segments. That is what The Leela is planning post its IPO – $400 million (INR 35 billion) offering set for Monday. Parent company Schloss Bangalore aims to use proceeds to pay down debt, said Ankur Gupta, managing partner at Brookfield Asset Management, which acquired The Leela in 2019. The remaining IPO proceeds are meant to be used for acquisitions, marketing, and other initiatives at the company, which has 13 properties, including five owned hotels. In a press conference Friday, the company shared more on its future plans. Here's what we learned: Sticking with luxury: Schloss Bangalore is not planning to move away from luxury and ultra-luxury. 'There is a lot of opportunity in this space,' said CEO Anuraag Bhatnagar. No new brands: Unlike its competitors, it will not be adding brands. It will open hospitality assets under The Leela brand, further segmented into Palaces, Hotels, and Resorts. The pipeline: In its Red Herring Prospectus, the company said it has a pipeline of seven hotels with 678 keys in development. They are expected to be operational by 2028. Niche luxury segments: It is planning to enter spiritual luxury accommodation segment with an upcoming property in Ayodhya, the hill station leisure space in Srinagar and Gangtok, wildlife offerings in Bandhavgarh, and heritage space in Agra and Ranthambore. New business segment: It is also entering the business segment with serviced apartments in Mumbai. Staying domestic: The Leela currently has no plans for international expansion, but it is considering options, and noted that locations such as Maldives and Dubai are under-penetrated by Indian luxury brands. Pipeline Details By 2028, The Leela's inventory will reach 4,200 keys, about 18% of the total luxury rooms in the country, Bhatnagar said. Currently, the company accounts for over 10% of the rooms in the luxury hotels space in India, according to The Leela's estimates. The pipeline is a part of The Leela's efforts to diversify its luxury offerings in different niche segments. In its prospectus, The Leela said that it will focus on gateway cities such as Mumbai, wildlife destinations, heritage spaces, wellness destinations, and spiritual tourism destinations for expansion. Most of the properties in its current pipeline have a low room inventory to maintain the luxury experience. For instance, the upcoming property in Ranthambore is expected to have only 76 rooms, while the Bandhavgarh resort is currently slated to have 30 keys. Diversifying in the Luxury Space 'We have refined and perfected ourselves in the luxury space,' Bhatanagar said, when asked about why the company is choosing to remain in the luxury segment and not diversify. He also cited examples of global companies such as Four Seasons and Mandarin Oriental, which continue to operate in the luxury space without getting 'distracted by any other brand or any other sub-segment.' Chief financial officer Ravi Shankar claims The Leela commands a 40% premium in its revenue per available room (RevPAR) and non-room revenue over the average in the luxury space. The company is also planning to launch a members-only club called Arq in its New Delhi, Bangalore, and Chennai properties to offer exclusive experiences. In October last year, The Leela announced the launch of Arq by The Leela - its collection of 'ultra-luxury villas,' which debuted at The Leela Palace Udaipur. The offering is meant for ultra high-net worth individuals and elite guests and more of these villas are expected to be added in the company's portfolio. While it is currently open to all, The Leela is hoping for this segment to reach a stage in terms of demand where members of the Arq club will get preference over non-members in booking the villas.
Fashion Network
30-04-2025
- Business
- Fashion Network
Kalyan Jewellers enters quick commerce with Instamart
Jewellery retailer Kalyan Jewellers has partnered with Instamart for its entry into the quick commerce segment ahead of Akshay Tritiya festival. With this partnership, Instamart will sell certified gold and silver coins through its platform offering doorstep delivery in minutes across 100 cities including top metros. The exclusive range includes gold coins in 0.5g and 1g featuring motifs like Ayodhya, Lord Ganesh, Swastik and Goddess Lakshmi. Commenting on the partnership, Amitesh Jha, CEO of Instamart in a statement said, 'We're excited to welcome Kalyan Jewellers to our platform ahead of Akshaya Tritiya. With more customers embracing the convenience of quick commerce for festive and traditional purchases, this partnership is both timely and relevant.' Ramesh Kalyanaraman, executive director at Kalyan Jewellers added, 'Through our collaboration with Swiggy's Quick Commerce platform, Instamart, we are making it easier than ever to buy Kalyan gold and silver coins. This partnership allows us to integrate the auspiciousness of tradition with the ease and speed of modern living, ensuring the spirit of the festival remains.'
