Prestige Hospitality Ventures, the Prestige Group’s hospitality arm, has received SEBI approval for its ₹2,700 crore IPO. The IPO includes a fresh issue of shares and an offer for sale by Prestige Estates Projects. Proceeds will be used for debt repayment, acquisitions, and general corporate purposes, reflecting confidence in India’s premium hospitality sector.
US markets fall as Middle East concerns offset earnings optimism
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate