At 87, P.R.S. ‘Biki’ Oberoi faces the most challenging period in his career. One threat comes from a familiar foe: big hotel chains, and the other from an upstart: technology. The hotelier’s response: He was to close one of his most profitable properties for two years to renovate. Will his bold move pay off?
After an on-again, off-again relationship with the primary market, it appears that Vandana Luthra is finally going to take her company public. Can she let go of the controls and let someone else manage?
The mammoth Indian Railways has agreed to meet some ambitious emission and sustainability targets set out at the climate change conference in Paris last year. Railway minister Suresh Prabhu will have to balance these commitments with profitability.