Indian Hotels Company (IHCL) reported a 51% surge in third-quarter net profit to ₹954 crore, driven by a 12% revenue increase to ₹2,842 crore. This marks the fifteenth consecutive quarter of record performance, with Ebitda reaching ₹1,134 crore. The company also expanded its portfolio through strategic acquisitions and partnerships.Read More
Recent regulations from the Reserve Bank of India could dampen the momentum of credit life insurance, a product often paired with retail loans. The new guidelines prohibit banks from linking insurance policies directly to loan approvals, a move designed to enhance transparency and safeguard consumers from potential misinformation.Read More
Restaurant Brands International reported fourth-quarter sales above estimates on Thursday, driven by strength in its international Burger King outlets, even as it tackles stiff competition for its value menus and higher commodity costs in the United States.Read More
Market sentiment weakened amid heavy IT selling and strong US jobs data dampening rate-cut hopes. Nifty struggled near 26,000 and may consolidate between 25,500 and 26,000. Analysts advise selective stock picking, with buying interest in select counters despite negative breadth.Read More
Infosys’ American Depositary Receipts (ADRs) slumped more than 7% on Thursday, touching an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian exchanges, with weakness spilling over to Wall Street.Read More
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