Sarovar Hotels Unveils Royal Tulip Kathmandu, Nepal's Largest Hotel

03 Jan 2025 CW Team

Sarovar Hotels, in collaboration with The Massif Hotel, has announced the launch of Royal Tulip Kathmandu, a landmark development in Nepal鈥檚 hospitality sector. Operated under the Louvre Hotels鈥� Royal Tulip brand, the property will be Nepal鈥檚 largest hotel and premier destination for Meetings, Incentives, Conferences, and Exhibitions (MICE).

Situated on the Ring Road, just 3.5 kilometres from Tribhuvan International Airport, Royal Tulip Kathmandu will feature 304 luxurious rooms, catering to both business and leisure travellers. Designed with modern amenities, the hotel promises unparalleled comfort and convenience.

The property will also house Kathmandu鈥檚 largest convention centre, offering 22,000 square feet of flexible event space. This includes two grand halls, each spanning 11,000 square feet, capable of hosting international conferences, corporate meetings, and grand weddings, making it a significant addition to Nepal鈥檚 growing MICE industry.

Royal Tulip Kathmandu is set to become a cornerstone of luxury and innovation in Nepal鈥檚 hospitality landscape.

Technology

14 May 2025

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Real Estate

14 May 2025

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Equipment

14 May 2025

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..