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LIC, NMDC, Nalco, Sumitomo Chemicals, Elgi Equipments, NMDC Steel, Natco Pharma, GMDC, TVS Supply Chain Solutions, MSTC and more will announce their quarterly results today.
Several high-profile companies and startups including Tata Capital, Hexaware, Ola Electric, and Swiggy are preparing for their public market debut in 2024-25.Investment bankers expect the IPO lineup in FY25 to be twice as many as in FY24, including some that are expected to exceed $1 billion
Brookfield Asset Management is reportedly planning to list its luxury hotel chain, The Leela Palaces, Hotels & Resorts. The Canada-based asset manager had earlier committed to investing over '1,500 crore in the hotel chain, which was the largest-ever foreign investment in the Indian hospitality sector. The move comes as India's hospitality sector has rebounded strongly post-Covid-19, with a surge in demand for premium experiences. Other luxury operators like Marriott International have also seen a rise in deals, indicating a positive trend in the sector.
Brightcom Group has been removed from Nifty Microcap 250 index, Nifty Total Market index and Nifty 500 Value 50 index. Ujjivan Financial Services was excluded from the Nifty Microcap 250 and Total Market index
For two years now, hospitality firms have had a good run. Hotel rates have shot up and occupancies have normalized to a higher level than before the covid. But we know that past performance isn’t an assurance of future results. What can keep the sector’s operating performance healthy, going ahead?