Hospitality Sector poised for recovery in 2QFY25; Lemon Tree could rally 30% in 1 year

The Indian hospitality industry is expected to recover significantly in 2QFY25 after a weak 1QFY25, with RevPAR projected to rise 9-11% YoY. Key drivers include pent-up demand, higher occupancy, and robust expansion by major players like Indian Hotels and Lemon Tree Hotels.

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SBI Funds Management gets Sebi nod for IPO

SBI Funds Management, India’s largest mutual fund house, has secured SEBI’s nod for its upcoming Initial Public Offering, expected to launch early in July. The

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