Jyotsna Suri is leading the group to a Rs 1,200 crore IPO.

Less than a year after taking charge, K.J. Alphons, Minister of State (Independent Charge) for Tourism, launched a revamped Incredible India campaign. Alphons, who is candid about the issues facing India's tourism sector and wants to reduce the role of the government to just promoting tourism, speaks about efforts to make tourism hip again in a conversation with Business Today's Manu Kaushik and Joe C. Mathew. Edited excerpts:

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Green shoots in the hospitality sector coupled with buoyancy in the primary market has paved the way for Initial Public Offerings (IPOs) in the hotels sector.

ITC has launched its 12th luxury hotel called ITC Kohenur in Hyderabad, named after the famous diamond believed to have been mined from Golconda, less than 10 kms from the IT hub.

These four public issues are expected to fetch at least Rs 3,250 crore, according to merchant banking sources. All these companies plan to list on the BSE and NSE.

The initial public offer (IPO) comprises sale of fresh equity shares to the tune of Rs 1,200 crore, according to the draft papers filed with the Securities and Exchange Board of India (Sebi). Proceeds of the issue will be utilised towards repayment of certain loans availed by the company for other general corporate purposes.

Fine art, classy brands, craft whisky and a tailored tour.

North Korean leader Kim Jong Un and US President Donald Trump shook hands, smiling cautiously at the outset of their historic summit in Singapore on Tuesday, in which they will look for ways to end a nuclear standoff on the Korean peninsula.

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Railways has similar plans for six more across metros that is estimated to fetch the national transporter Rs 10,000 crore in the current financial year.

Unity Group, which has built over 100 commercial buildings here, has forayed into housing segment to develop this 40 acre complex at Karol Bagh, comprising a total of nearly 2,700 units in 22 towers. The twin towers will be part of this project. The twin towers were launched in presence of Italian Ambassador to India Lorenzo Angeloni.

In an interview with Business Today's Manu Kaushik, Shaikh discusses his plans to expand the luxury travel market in India.

Leisure travel in India is set to witness a new boom as millennials get ready to splurge.

With occupancy hitting a decade high, hoteliers believe an upturn is in sight; but the early signs are far from conclusive.

There are many reasons why the country, replete with mountains, a long coast line, monuments and historical architecture, is a laggard in the competitive world of tourism.   

By transferring the management control of loss-making hotels to state governments, who will perhaps run them as individual entities, these hotels will lack the distribution strength that nearly all the branded hotel chains - foreign and domestic - have been building.