Leela Palaces Hotels & Resorts reported a 11% year-on-year revenue increase to Rs 333.4 crore in Q2, with profit after tax at Rs 75 crore. The luxury chain achieved its fourth consecutive quarter of profitability, driven by a 13% growth in revenue per available room. Leela also announced its international expansion into Dubai’s Palm Jumeirah.Read More
Gold prices on Tuesday surged by Rs 2,850 to breach the Rs 1.3 lakh per 10 gram-mark for the first time in the national capital, driven by heavy festive buying by retailers and jewellers ahead of ‘Dhanteras’.Read More
Indian government bonds ended slightly higher on Tuesday, buoyed by lower cut-offs at the weekly state debt auction, while traders awaited minutes from the central bank’s latest policy meeting.Read More
Citigroup reported a rise in third-quarter profit, as all its divisions brought in record revenue, sending the bank’s shares up about 1% in trading before the bell.Read More
Benchmark indices Sensex and Nifty fell for a second straight session amid broad-based selling led by PSU banks, pharma and metal stocks. LG Electronics debuted strongly, MapmyIndia surged on MoU buzz, IREDA and MCX gained, while Tata Motors fell post-demerger.Read More
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