The Dharmpal Satyapal (DS) Group, a multi-business and FMCG corporation, is planning to add three new properties with a capex of Rs 500 crore in next 3 years, a top company executive has said. "Currently, we have six hotels with around 930 keys operating under global hospitality brands including Radisson, IHG and Marriott. We are planning to add another three hotels to our portfolio with a capex of Rs 500 crore in the next three years," DS Group vice chairman Rajiv Kumar told PTI over phone. DS Group, which has been in the hospitality business since 2000, has six properties, including The Manu Maharani, a member of Radisson individual, in Nainital (Uttarakhand), Namah, a Radisson individual, Jim Corbett National Park (Uttarakhand), Radisson Blu Hotel Guwahati in Assam, Crowne Plaza Jaipur in Rajasthan, Holiday Inn Express Kolkata Airport in West Bengal, and Marriott managed Renaissance, Bengaluru, in Karnataka. Going forward, Kumar said, the company is looking for opportunities in t
The Assam government on Saturday inked agreements with multiple companies who will cumulatively invest Rs 3,214 crore in the state. Attending the programme, Chief Minister Himanta Biswa Sarma said his government is hoping to attract investment to the tune of Rs 1 lakh crore over the next two-three years. "Today, we have signed MoUs with six companies for a total investment of Rs 3,114 crore. This will cumulatively generate more than 5,000 job opportunities over the coming years," he added. Apart from these, another agreement will be signed by the Assam Tourism Development Corporation for setting up a five-star hotel near Kaziranga National Park. "Kaziranga will soon have a five-star resort to attract tourists from across the world. It will be set up by the Hyatt Group at an investment of Rs 100 crore, offering 100-120 rooms," Sarma said. "Assam is moving forward fast towards becoming an industrialised state. With today's programme, this year we have signed MoUs that will bring rec
Asia Healthcare Holdings on Wednesday said it has acquired a majority stake in Asian Institute of Nephrology and Urology and will invest Rs 600 crore in the latter. The investment will be through a mix of primary and secondary infusion, Asia Healthcare Holdings (AHH) said in a statement. Asian Institute of Nephrology and Urology (AINU) is a speciality hospital network of urology and nephrology care present in four cities with a speciality in robotic urology surgery, it added. "This acquisition and AHH's foray into urology and nephrology segment marks its expansion into a fourth speciality...," the company said. AINU operates seven hospitals across Hyderabad, Visakhapatnam, Siliguri and Chennai, with more than 500 beds and over 4 lakh patients treated. It has also completed over 1,000 robotic urology surgeries, as per the statement. AHH Executive Chairman Vishal Bali said, "AINU not only adds a new speciality to the AHH platform but also strengthens our vision of scaling the single
Starting a business is never easy and requires heavy investment. Hence, many people drop the idea of starting their business. Here are the 10 business ideas to earn more without any investment
Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)
The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in FY24.
It is crucial to set a strict stop loss at 19,525 to manage risk since resistance levels are projected at 19,380 and 19,490
Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24
Analysts suggest investors stay selective and look for valuation comfort and earnings visibility before investing in the mid-and small-cap segments.
Jefferies estimates the structural flows from retail to the equity markets at around $30-35 billion per annum
Those taking MF route may begin with a passive fund, gradually invest in various market caps, asset classes
Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' on Thursday said huge business opportunities are there for investors and sought Indian investments in various sectors such as mining, manufacturing, agriculture, energy, tourism, infrastructure, information technology and hospitality. He said that abundance of natural resources, large pool of human capital, a promising market with sound policies and regulatory framework makes Nepal an ideal attractive destination for investment. "No countries other than Nepal and India share such an intimate friendship and deep rooted cultural affinity providing an excitingly favourite business environment. Moreover, the two governments are moving ahead with bold decisions to transform the development landscape. This needs to be echoed by the private sector which is a powerful engine of growth," he said here while addressing CII's India-Nepal Business Summit. Opportunities for investments across a wide range of areas including mining, manufacturing
Wipro has approved a Rs 12,000 crore share buyback at Rs 445 per share. Currently, the stock trades at a 16 per cent discount to the buyback price.
Nifty 12-month forward PE is around 23 per cent below peak. Indian equities should find support from robust earnings outlook owing to strength in the domestic economy.
Analysts suggest that the overall market valuation has become attractive after the recent correction and investors can start buying large-cap stocks from a medium-to-long term perspective.
Primary markets will take few months to recover, says Ashutosh Tiwari of Equirus. Investors, he said, are now only interested in businesses which have better historical growth and cash flow profile.
Closing Bell: On the Nifty, Adani Ports closed in green after two days with a firm gain of 6 per cent., while Adani Enterprises erased over 50 per cent of its day's losses to close 2 per cent down
CLOSING BELL: Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 per cent
The change in stance with respect to Zomato is a complete reversal from nearly a month ago (November 13), when the stock was a high-conviction 'buy' for Jefferies with a price target of Rs 100
Morgan Stanley remain bullish on consumer discretionary, industrials, financials, and technology; and remain underweight all other sectors