Indian Hotels to raise room rates by Sept-Oct this year

MUMBAI (Reuters) - Indian Hotels Co Ltd, the owner of the Taj luxury chain, plans to raise its room rates by September or October this year, Ajoy Mishra, senior vice president sales & marketing, told a news conference on Friday.

Earlier on Friday, the firm's April-June net profit plunged to 33.3 million rupees compared with 164.4 million rupees profit a year ago.

(Reporting by Aniruddha Basu; Editing by Ramya Venugopal)