IHCL reached a milestone of over 250 hotels and is in line with its vision of being a 300 hotel portfolio by 2025. In this financial year alone, 30 plus hotels have been added to the pipeline and 14 hotels have opened besides strong growth in ama Stays & Trails with 108 homestays and Qmin with over 25 outlets," he said.

The Dow Jones Industrial Average rose 86.47 points, or 0.26%, at the open to 33,803.56

Revenue from operations grew 7.4% on year to Rs 10,746.40 crore

The earnings before interest, tax, depreciation and ammortisation (EBITDA) grew 15.2% YoY to Rs. 3004 crore. The EBITDA margin for Q3FY23 improved 30 basis points YoY to 26.7%.Global specialty drug sales were at $235 million, including US$12.5 million milestone received in Q3FY23. Ex-milestone, the specialty sales were up 21.6% YoY in Q3FY23.

This is the fifth consecutive quarter of good performance, and we expect to maintain the growth momentum in the coming quarters as well," Blue Star Ltd Vice Chairman & Managing Director Vir S Advani said.Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew by 20.51 per cent to Rs 1,000.09 crore in the third quarter of FY23 compared to Rs 829.85 crore in FY22, the company said.

Revenue from operations increased 24% to Rs 35,169 crore in the quarter against Rs 28,433 crore in the corresponding quarter of last year

The Indian hotel industry benefited from a steady rise in domestic and international travel, as pandemic restrictions were lifted, while more people began opting for the so-called 'workations' and 'staycations'.Strong demand in the quarter drove occupancy to over 70% in both leisure and business hotels in key domestic markets, up 27% from pre-COVID levels, the operator of Taj hotels said in a statement.

FMCG firm Britannia is among a number of domestic companies that will announce December quarter results on Wednesday.>> For more such web stories click on the ET icon below

In the Nifty pack, 23 stocks closed in the green, while 26 stocks ended in the red.

The Nifty Pharma index closed 0.99 per cent down at 12360.25.

The Nifty Auto index closed 1.89 per cent up at 13323.9.

>> For more such web stories click on the ET icon below

​Vodafone Idea is ATC's largest customer in India. Following the announcement, the stock closed 5.15% higher at Rs 7.15 apiece on NSE.

The Nifty Realty index closed 1.12 per cent up at 411.55.

Bajaj Finance, TCS, Tech Mahindra, Britannia and Sun Pharma were among the top losers on NSE in today's trade.

“We will wait and see what the priorities of the government are this year during the Budget. Fiscal deficit containment is what the government appears to be leaning towards. How strongly would depend on whether that impinges on the overall spending or not is what we will be looking for.”

The Nifty Bank index closed 0.66 per cent up at 40655.05.

The Nifty IT index closed 1.18 per cent down at 29740.35.

The index is heading towards the level of 17,800, which holds the key for further course of action from a short-term perspective. If the index manages to surpass 17,800, it will be poised for a larger up move. Till then a consolidation in the range of 17,400-17,800 is possible.

Kamath, also known to regularly share educational content and stock market learnings on Twitter and other social media platforms, said people forget that trading costs are charged as a percentage of every trade and can compound very quickly.

The 30-share BSE Sensex closed up 49.49 points at 59549.9

"Market participants are also expecting a 25 basis points rate hike (by US Fed) this year. However, comments from Governor Jerome Powell regarding inflation and growth of economy will be important to watch.

The 30-share BSE Sensex closed up 49.49 points at 59549.9

Manaksia Ltd, Automotive Axle, IIFL Finance, Axita Cotton and KPIT Tech, hit their fresh 52-week highs during the day.

The 30-share BSE Sensex closed up 49.49 points at 59549.9

The 30-share BSE Sensex closed up 49.49 points at 59549.9

The NSE Nifty index closed 13.2 points up at 17662.15

"These may be exacerbated by plateauing export growth on account of slackening global demand. Should the current account deficit widen further, the currency may come under depreciation pressure," said the key document released a day before presentation of Union Budget 2023-24.

The 30-share BSE Sensex closed up 49.49 points at 59549.9

The NSE Nifty index closed 13.2 points up at 17662.15

While investors widely expect the Fed to raise rates by another 25 basis points at the end of its monetary policy meeting on Feb. 1, markets are also looking for signals that the central bank is pulling back on its hawkish monetary policy amid signs of falling inflation and softness in the economy.

From the Sensex pack, SBI, M&M, UltraTech Cement and Power Grid Corp were the top gainers

“Growth remains convincing as far as the business of the company is concerned. On the group side, most of the stocks are generating significantly large amounts of cash at the group level. We are probably talking about a billion dollars’ worth of EBITDA in a year. When infrastructure assets start producing cash, they produce long term visibility of earnings for the company.”

The bonds had sold off following a scathing report by a U.S. short-seller last Wednesday that triggered a rout in the conglomerate's listed firms.U.S. dollar-denominated bonds issued by Adani Green Energy, Adani Ports and Special Economic Zone, Adani Transmission and Adani Electricity Mumbai were trading higher on the day.

"Tax revenues have stagnated at around 7% of GDP over the last decade or 10-12 years. Even the share of non-tax revenues has been dropping over time. It is now just about one odd percent and therefore, to me, the big challenge this year is going to be with a stagnating top line or the revenue item. How do you meet the said demands when it comes to reprioritise expenditure?"

A rout in shares of Adani conglomerate has cost India its spot among the world’s 5 biggest equity markets. >> For more such web stories click on the ET icon below

Revenue from operations increased 21% on-year to Rs 13,679 crore, higher than the estimated Rs 13,076 crore

Companies announce stock split to increase the liquidity of the stock in the market. Investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.

Defence sector, as every year before the Budget has a wishlist, out of which the important one is the outlay for emphasis on indigenisation, which means an emphasis on local production. This year we expect them to announce a significant budget for the space and research, electronic equipment and advancement on further localization," Ashwin Patil, Senior Research Analyst at LKP Securities, said.

Along with the FY24 Budget, the government will announce revised Budget estimates for FY23, which will include capital expenditure, planned expenditure, unplanned expenditure, fiscal deficit, GDP estimate, market borrowing, among others.

So, over the short to medium term, the Indian rupee is about to follow its own financial alphabetical order. For now, let’s keep the first alphabet A aside, and check out the next in the orders.

Along with promoting investments, even domestic consumption needs to be supported as rural demand has been lacklustre due to rising prices and limited non-farm opportunities for quite some time.