Mon, Dec 23, 2024 11:29 AM
International Gemmological Institute shares extend gain on Day 2 of listing
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OYO has completed its acquisition of Motel 6 and Studio 6 brands, from Blackstone Real Estate for USD 525 million, marking a significant milestone in expanding the company's global footprint, the online hotels and hospitality services provider company said on Monday. On September 20, OYO agreed to acquire US-based G6 Hospitality, the parent company of the Motel 6 and Studio 6 brands.
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India's wages grew at the slowest pace in five years, with women being worst affected, according to a Moneycontrol analysis of periodic labour force survey data. Wages of regular wage/salaried earners increased 5.3%, while self-employed wages grew 4.1%. Women's wages suffered the most, with flat growth in regular work and 2.9% growth in self-employed category.
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Motilal Oswal Wealth Management's 2025 market outlook predicts market consolidation in H1 and recovery in H2, driven by RBI rate cuts, US rate cuts, and trade policy changes, with earnings expected to recover in H2 and deliver 16% CAGR over FY25-27E. Selective bottom-up stock ideas are seen as an opportunity.
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