Leela Hotels and Aegis Vopak continue to garner robust subscription in the primary market on the second day of initial share sale on Tuesday. Leela Hotels, Aegis Vopak IPO GMP surge as subscription gains momentum. The initial public offer of Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, got subscribed 13 percent on the second…
The rating agency projects the economy to log 6.4 percent growth in 2025, followed by 6.3 percent in 2026 and 6.4 percent in 2027 Potential growth raised to 6.4% by Fitch Ratings Indian economy could average 6.3 percent growth over the next five years, global ratings agency Fitch Ratings noted on May 22. The rating…
IndiGo declares dividend of Rs 10 per share IndiGo was expected to report a 19-27 percent jump in its revenues according to estimates by three brokerages. Interglobe Aviation Ltd, which runs low-cost airline IndiGo, on May 21, reported a profit of Rs 3,067.5 crore for the quarter ended March 31, 2025, flying into its second straight…
The report highlights that foreign investors remain underweight on India, but there are early signs of interest returning Morgan Stanley has reiterated its bullish stance on Indian equities, calling the recent correction from September 2024 highs a buying opportunity. In its latest mid-year outlook, the brokerage raised its Sensex target for June 2026 to 89,000,…
Discussions on non-tariff issues may take longer and are likely to continue According to sources, India is keen on completing the discussions and finalising an interim arrangement on tariffs before the reciprocal tariffs by the US kick in from July 9. India and the US are understood to be working on an early harvest…
Retail inflation was 3.34% in March; food inflation in April was 1.78%, lower than 2.69% in the preceding month India’s annual retail inflation slowed to 3.16% in April from 3.34% in March, marking its lowest in nearly six years as food prices rose at a slower pace, government data showed on Tuesday. It is the…
The FTA has taken place in the backdrop of growing economic relations between India and the UK, and the bilateral trade of about $60 billion between both nations is projected to double by 2030, a government statement has said. PM Narendra Modi made the FTA announcement after a telephonic conversation with his British counterpart Keir…
Invest in gold this Akshaya Tritiya with a long-term asset allocation view, not short-term gains. Given the current volatility, stagger investments to capitalise on potential market dips, say experts. Last year, gold shattered records, posting 40 new all-time highs. With gold prices crossing a record Rs 1 lakh per 10 grams just days ahead of…
Market Today Bears tightened their grip on Dalal Street as the Indian benchmark indices shed more than 0.5 percent as investors remained concerned over India’s response to the terror attack and its consequences. Market started the May series on a positive note with Nifty rising to day’s high of 24,365.45 in the initial hours but…
Tata Projects, the construction subsidiary of the Tata Group, is raising Rs 2,500 crore through a rights issue at a valuation of Rs 6,700 crore. According to a company filing, the rights issue is priced at Rs 163.1 per share, which includes a premium of Rs 158.10. Shareholders participating in the issue include its largest…