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2024-11-08 06:19:25| The Economic Times

Tata-backed Indian Hotels Company (IHCL) saw its stock surge nearly 6% to a 52-week high of Rs 722 after reporting a 226% YoY profit growth to Rs 583 crore for Q2 FY24. Revenues rose 27.4% to Rs 1,826 crore. EBITDA grew 41.3% to Rs 501.27 crore. IHCL will also manage The Claridges, New Delhi from April 2025.

Category: News and Media

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2024-11-08 05:44:29| The Economic Times

Zinka Logistics Solutions, an Indian platform for truck operators, has announced the price band for its upcoming IPO, set at Rs 259-273 per share. The IPO aims to raise Rs 1,114.72 crore, with funds allocated for expansion, technology enhancement, and debt reduction.

Category: News and Media

2024-11-08 05:38:19| The Economic Times

Despite Sensex and Nifty experiencing a 6% decline in October, 82% of equity mutual funds demonstrated resilience by outperforming their benchmarks. This impressive performance was observed across various categories, with contra funds achieving a 100% outperformance rate. While most categories showed strong results, focused funds lagged slightly with a 68% outperformance score.

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15.11 Friday Watch 15.11 Bitcoin hacker sentenced to five years in prison 15.11 Minority investors show less dissent as cos hear them out 15.11 Royalty payments by some listed companies exceed 20% of profits 15.11 Zomato, Jio Financial could join Nifty, says JM Financial 15.11 RIL shares at an attractive entry point, says CLSA 15.11 Fighting conspiracy theories with comedy? Thats what the Onion hopes after its purchase of Infowars. 15.11 October logs lowest demat account additions in FY25 More »