The Nifty 50 index has fallen 11% from its peak, signaling a sharp correction across Indian equities. Despite the decline, Kotak Institutional Equities remains unconvinced about market prospects, warning that there is no real value to be found even after the pullback, citing stretched valuations, limited earnings growth potential, and unfavorable global macroeconomic conditions.
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Reported Consolidated quarterly numbers for Equinox India Developments are: Net Sales at Rs 278.50 crore in December 2024 up 176.98% from Rs. 100.55 crore in December 2023. Quarterly Net Profit at Rs. 22.17 crore in December 2024 up 157.36% from Rs. 38.65 crore in December 2023. EBITDA stands at Rs. 34.08 crore in December 2024 up 256.33% from Rs. 21.80 crore in December 2023.
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India's legacy international airline, Air India, is confident that its upcoming first-class product, set to debut with its new wide-body fleet in the next few years, will offer high-net-worth individuals an alternative to private jets on long-haul routes like Delhi to London, offering high-net-worth individuals a non-stop flying experience with its Airbus A350-1000 and Boeing 777X aircraft.
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