The Leela Hotels, operated by Schloss Bangalore, has set a price band of Rs 413-435 for its Rs 3,000 crore IPO, open from May 26–28. The proceeds will mainly go towards debt repayment. Despite losses, the company has shown strong financial recovery, with FY24 revenue rising to Rs 1,226 crore. Listing is planned on NSE and BSE.
RBI reports $26.9 billion valuation gains in gold and bonds for 2024-25
The Reserve Bank of India reveals valuation gains in reserves. These gains reached $26.9 billion during fiscal year 2024-25. This is a significant jump from