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Inflation was 3.5% in April, up from 2.6% in March, according to official data.
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News and Media
BEL shares: Nuvama highlighted that BEL's Q4 margins improved to 30.6% from 26.7% quarter-on-quarter, exceeding market expectations of 24.7%. The management has reiterated its guidance of 15% revenue growth and a 27% operating profit margin, indicating sustained confidence in the company's outlook.
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News and Media
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 2628. 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.
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News and Media
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