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Economist Montek Singh Ahluwalia advocates for splitting large states like Uttar Pradesh to spur urban growth and creating 'near-Metros' from tier-2 towns. He points out challenges in achieving 8% annual growth and the complexities of initiating reforms in a fragmented global scenario.
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The bank ditches a policy that stopped it acting on flotations for firms with an all male, all white board.
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ITC Hotels: Jefferies initiated coverage on ITC Hotels (ITCH) with a buy rating and a target price of Rs 240, citing strong growth potential. It projects a 16%/19% CAGR in EBITDA/PAT over FY24-FY27e and expects occupancy in India to rise to 75% by FY27. ITCHs debt-free balance sheet and strategic expansion plans support long-term growth, despite short-term challenges in greenfield projects.
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News and Media
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