Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, plans to file for an IPO to raise ₹2,500 crore. The company owns luxury hotels in India, the Maldives, and Sri Lanka. JM Financial and Kotak Mahindra Capital are appointed for the IPO process.
RBI to cut rates in December to 6.25%, say narrow majority of economists: Reuters poll
India’s central bank is expected to cut its key policy rate by 0.25% in December to support slowing economic growth. A Reuters poll shows a