Aug 10, 2020
Indian Hotels gains 3.5% as company reduces costs by 51% in June quarter
Indian Hotels gains 3.5% as company reduces costs by 51% in June quarter
It was a well-accepted fact that hotels would be one of the most impacted sectors in the June 2020 quarter as sixty days of lockdown was imposed in the quarter. This was reflected in the financial performance of hotels companies which announced their financial results last week.
In an industry, which is capital-intensive in nature, the present pandemic is a double whammy. But India’s largest…
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