The Indian Hotels Company, the country’s leading hospitality firm, has announced its acquisition of a majority stake in Tree of Life’s operating company. This move is set to bolster IHCL’s presence in the experiential leisure segment. Puneet Chhatwal, MD and CEO of IHCL, said the acquisition is in sync with IHCL’s ethos of creating destinations and building and scaling new hospitality formats.
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Mazagon Dock Shipbuilders said that its order book at the end of September 30, 2024, stood at ₹39,872 crore. What Happened: This is an 8.2% increase from the ₹36,839 crore order book reported at the end of June. This is also an improvement from the ₹38,561 crore order book reported at the end of March 2024.
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Jeweller and watchmaker Titan Ltd on November 5 reported 25% fall in net profit at Rs 705 crore for the quarter ended September 30, 2024. The company reported net profit of Rs 940 crore in the year-ago period. The company's total income rose 24% to Rs 12,458 crore in Q2FY25 as compared to Rs 10,027 crore in Q2FY24.On November 5, Titan's shares on BSE closed 0.4% higher at Rs 3,235 apiece.
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