IDFC to drop NDMC mandate on Taj Mansingh?
MUMBAI: Infrastructure Development Finance Co (IDFC), which was selected by New Delhi Municipal Corp (NDMC) to advise it on lease renewal for the property that houses the iconic Taj Mansingh Hotel, may not take up the advisory assignment to avoid a probable conflict of interest. HDFC chairman Deepak Parekh heads IDFC board of directors besides [...]
NDMC in licence fee row with two prime city hotels
NEW DELHI: Even as New Delhi Municipal Council (NDMC) hopes to optimize revenue through fresh bidding for its Hotel Taj Mansingh property, the civic agency has not been able to recover licence fee what it claims amounts to Rs 512 crore from two other properties- Le Meridien and Connaught Hotel. NDMC officials said while Le [...]
