Indian Hotels, a unit of Tata Group that runs the Taj Hotels Resorts and Palaces chain of hotels, has entered into an agreement with Palm Hills Developments, to run three high-end hotels in Egypt. The three hotels will be part of Palm Hills’ upcoming developments at the North Coast, Ain El Sokhna at the Red [...]

Gold Reef Resorts, a South African gaming and hotel company, disclosed on Friday evening that it is in talks that may affect its shares, while Hosken, a South African investment company with gaming investments, that already holds a 23% stake in Gold Reef, disclosed the same day that it is in talks that may affect [...]

Shipping Corporation of India (SCI) saw fiscal 3Q 2009 NI decline by 52.8% YoY to INR874.4 mn from INR1,854.3 mn in 3Q 2008, while fiscal 9M 2009 NI declined by 67.4% YoY to INR2,410.6 mn from INR7,399.1 mn in 9M 2008. Fiscal 3Q 2009 Net Sales came to INR8,454.3, down 24% YoY from INR11,131.3 mn [...]

The number of passengers transported by Aeroflot in 2009 declined by 5.6% YoY to 8.755 mn.

Aeroflot’s Board of Directors has voted to repurchase 25.8% of its shares from National Reserve Corporation, a group controlled by Russian oligarch Alexander Lebedev, a former Soviet intelligence officer. NRK will reportedly receive approximately $400 mn for the stake, though details have not been disclosed officially.

Woolworths said 2H 2009 Sales rose 9.3% YoY, with Comparable Store Sales up 4.4% YoY. 2H 2009 EPS guidance points to drop of 15-25% YoY. Woolworths is expected to release results on February 18, 2010.

State-owned publishing company Anhui Xinhua Media, the biggest publisher in the Anhui province, started trading in Shanghai yesterday after Rmb1.29 bn IPO of 110 mn shares at Rmb11.80 per share. Shares rose 49.4% to close at Rmb17.63.