News for Asian Hotels (West) Limited (AHLWEST.BO)

The Delhi bench of the National Company Law Tribunal admitted the company on September 16 and appointed Sapan Mohan Garg as an interim resolution professional, according to an order posted on its website. Yes Bank, the sole banker to the hotel, sold its entire ₹282 crore debt to JM Financial ARC at an uncontested Swiss auction held on June 20, said a person aware of the transaction.

Benchmark indices held minor cuts in Monday's session, tracking weakness in global markets as investors feared steeper rate hikes by the US Fed. Besides, the RBI, too, is scheduled to announce its rate hike decision on Wednesday.

Markets have began the week on a dismal note, with the broader indices seeing significant weakness. The Nifty and the Sensex are down once again in trade. Here are a list of stocks that have now hit 3-year lows.

Benchmark indices extended gains on Monday on the back of buying in auto and construction stocks. The BSE Sensex rose over 450 points or 0.84% to 54,782, and the NSE Nifty 50 gained 104 points to 16,370.

220 stocks on the BSE were trading at 52-week high values and 13 were at their 52-week lows. Similarly, on the National Stock Exchange (NSE) 90 stocks were at their highs and 8 were down at 52-week low values.

BSE Sensex and Nifty 50 were trading volatile on Monday, amid rising oil prices and Russia-Ukraine crisis.

Luxury properties under the Oberoi, Trident, Taj, SeleQtions, Vivanta, JW Marriott, Renaissance and The Westin banners have rationalised staff strength amid the challenging business environment.

The hotel industry has taken a hit of over Rs 1.3 lakh crore in revenue for the fiscal year 2020-21 due to the COVID-19 pandemic, according to the Federation of Hotel & Restaurant Associations of India

The Rs 45,000 crore hospitality arm of ITC, said it was planning to increase the number of properties under the brand Welcomhotel to 25 in a year''s time from 19 now.

Tune in as we tell you what's happening in the market, what's making news this morning, and look at some of the buzzing stocks.

The five-star hotel, located near Mumbai’s international airport, said that it will not accept reservations through Hyatt booking channels and will remain temporarily unavailable