After a quiet April-June quarter in 2024-25 (FY25), the operational and financial performance of India’s largest listed hotel company, Indian Hotels Company, clearly rebounded in the July-September quarter (Q2) of FY25. With double-digit growth in the average room rate (ARR) and higher occupancy, the Taj Hotels chain owner reported a 16 per cent revenue increase and a 30 per cent rise in operating profit.
Posts in category All News
Why India’s Medical Tourism Revenue Has Been Hit (18-11-2024)
According to a recent CareEdge Ratings report, Bangladesh accounts for around 50-60 per cent of India’s total medical tourism inflow
‘I know brother Thirumavalavan’s heart,’ says CM Stalin (18-11-2024)
Tamil Nadu Chief Minister M.K. Stalin acknowledged VCK chief Thol Thirumavalavan’s gratitude for establishing an industrial park in Ariyalur. While Thirumavalavan reiterated VCK’s stance on power-sharing, he clarified that the 2026 election isn’t the right time for the demand and affirmed VCK’s continued alliance with DMK.
Achievement proof of PM’s popularity, strong leadership: CM Dhami on PM Modi conferred with Nigeria’s national award (18-11-2024)
Prime Minister of India Narendra Modi received Nigeria’s highest national honor, the Grand Commander of the Order of the Niger (GCON). Uttarakhand Chief Minister Pushkar Singh Dhami praised PM Modi’s leadership. PM Modi was also presented with the ‘Key to the City’ of Abuja. This was the first visit by an Indian Prime Minister to Nigeria in 17 years.
All eyes on Zinka Logistics IPO as issue enters last day with low interest (18-11-2024)
IPO subscribed just 0.32x, as HNIs remain mute spectator
J&K LG chairs review meeting, Congress says two power centres in J&K not in national interest (18-11-2024)
Jammu and Kashmir Lieutenant Governor Manoj Sinha chaired a high-level security meeting in Jammu, emphasizing the need to combat terrorism and accelerate infrastructure development. Congress leader Tariq Hameed Karra raised concerns about potential conflicts arising from separate security reviews by the LG and the Chief Minister.
Market may open flat to negative note amid mixed global stocks (18-11-2024)
According to analysts, market may open weak but may see a recovery during the later part of the day
A Loss and Damage Fund Is Taking Shape at COP Climate Talks (18-11-2024)
The U.N. climate summit in Azerbaijan has cleared the way for aid to flow when lower-income countries are hit.
Stocks that will see action today: November 18, 2024 (18-11-2024)
Buzzing stocks; Reliance Industries, UltraTech Cement, Prestige Estates, ACME Solar Holdings, Dr Reddy’s Lab, Canara Bank, RCOM, HZL, Netweb Tech, Matrimony.com, ABB India, Ola Electric, IRB InvIT, Agro Tech Foods, NMDC, Adani Total Gas, Mahanagar Gas, Indraprastha Gas, Easy Trip Planners, Cyient, Man Infraconstruction
Share Market Highlights 18th November 2024: Sensex closes at 77,339.01, Nifty 50 down 0.34% to 23,453.80 (18-11-2024)
Sensex, Nifty, Share Prices Highlights: Indian benchmark indices decline after a slightly positive start on Monday.
Benchmark stock indices Sensex and Nifty continued their decline on Monday owing to unabated foreign fund outflows, selling in IT stocks and weak leads from the US markets. The 30-share BSE Sensex dropped by 241.30 points or 0.31 per cent to settle at 77,339.01, registering its fourth day of decline. During the day, it fell 615.25 points or 0.79 per cent to 76,965.06. Falling for the seventh day in a row, the NSE Nifty dipped 78.90 points or 0.34 per cent to 23,453.80. From the 30-share Sensex pack, Tata Consultancy Services, Infosys, NTPC, HCL Technologies, Axis Bank, Tech Mahindra, Bajaj Finserv, Sun Pharma, IndusInd Bank and Reliance Industries were the major laggards. Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Nestle and State Bank of India were among the gainers. FIIs offloaded equities worth ₹1,849.87 crore on Thursday, according to exchange data. Foreign investors have pulled out ₹22,420 crore from the Indian equity markets so far this month, owing to high domestic stock valuations, increasing allocations to China, and the rising US dollar as well as Treasury yields. With this sell-off, FPIs have recorded a total outflow of ₹15,827 crore in 2024 so far.