News digest: Modi's diplomacy, GST collections, S K Bangur group, and more

Goods and services tax (GST) collections for December did not deliver much comfort to the government ahead of the Budget, although these rose after two months of declines

What makes mid-market hotels the star of India's hospitality sector?
 
In 2002, there were 26,000 branded hotel rooms, of which some 6,000 were mid-market. Today, the number has jumped about five times to 125,000 branded rooms, with 53,200 rooms, or 43 per cent, being mid-market, according to the data from Horwath HTL, a global hospitality advisory firm. Read more
 
Tata defence cluster rejig likely by June; all biz to come under one roof
 
The Tata group will soon start the process of hiving off all the defence-related businesses housed in various operating companies into a vertical