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The company entered the hospitality sector in 2004 with the launch of its first property, Grand Mercure Bangalore, which commenced operations in 2009. Currently, Brigade Hotel Ventures boasts a diverse portfolio of nine operational hotels across key locations such as Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, collectively offering a total of 1,604 rooms.
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Significant correction in stocks presents buying opportunities as Nifty index drops 8% from its high. Emkay Global suggests IndusInd Bank, Saregama, Escorts Kubota, Hero MotoCorp, and Mahindra Finance as attractive investments, highlighting their potential for recovery and growth over the next year.
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Big investors such as Norges and Fidelity have placed over $15 billion in bids for Swiggy's upcoming India IPO valued at $1.35 billion. This IPO is set to be one of the country's biggest stock offerings this year. The company has adjusted its estimated valuation to $11.3 billion after a recent market correction.
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