Companies News

Adani Group-owned ACC Reports 105% YoY Jump In Net Profit In Q1FY24

Adani Group-owned company ACC’s net profits (profit after tax) more than doubled (rose 105 per cent) on a yearly basis during the April-June 2023 quarter at Rs 466 crore. In the same quarter last year, the net profits were Rs 227 crore. The company’s net revenue during the quarter rose 16 per cent to Rs […]

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Icra Expects Indian Hotel Industry To Grow By 13-15% In FY2024

The rating agency Icra estimated pan-India premium hotel occupancy at 70 to 72 per cent in FY2024, after recovering to 68 to 70 per cent in FY2023. Pan-India premium hotel average room rates (ARRs) are expected to be at Rs 6,000 to 6,200 in FY2024. While the occupancy is expected to be at decadal highs, […]

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