Tourists use binoculars in front of the Taj Mahal Hotel in Mumbai yesterday. Indian Hotels Co Ltd posted a Rs3.4bn ($60.51m) net loss for the January-March quarter, as it booked a provision of Rs4.2bn for its investments including in US-listed luxury hotel group Orient-Express Hotels Ltd. Indian Hotels, part of the salt-to-software Tata group conglomerate, owns and operates Taj hotels and resorts worldwide and had reported net profit of Rs652.1m a year earlier.
