India’s industrial output growth remains unchanged at 4% in September

Manufacturing output expanded 4.8 per cent during September, while the electricity sector grew 3.1 per cent. In contrast, mining activity slipped 0.4 per cent during the period The Index of Industrial Production (IIP) growth stood at 4 per cent in September, unchanged from August, supported by growth in the manufacturing sector, according to data released…

Prestige Estates to invest Rs 1,625 crore in hospitality arm via rights issue

Since the company is a wholly-owned subsidiary, the transaction is categorized as a related-party deal, but Prestige Estates has stated it will be conducted at arm’s length. Prestige Estates Projects shares have cracked 36 percent in the last six months and about 28 percent since the start of the year. Prestige Estates Projects Ltd has…