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Indian Hotels sees profit in two years
Published Tue, Apr 21, 2015 · 09:50 PM
Mumbai
INDIAN Hotels Co, the owner of New York's Pierre hotel, expects to turn profitable in two years as it sells assets and pares US$675 million of debt.
The company, which operates the Taj group of hotels, may be two years away from reporting net income, said Rakesh Sarna, who was hired as chief executive officer last year by parent Tata Sons Ltd.
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