Fri, Dec 20, 2024 5:04 PM
SEBI working on 'acceptable' form of much-feared & tough PUSTA regulations
A Flip by Avya Verma
NASHIK: The property tax department of the Nashik Municipal Corporation (NMC) has brought 22,000 new properties across the city under the property tax net. The property tax is levied on the establishments from the current financial year. Owners of these properties must pay the tax either from the past two years or the year that construction started for their properties.
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As the Nifty formed a long bearish candle on the weekly charts and closed below the 200-day SMA, traders are now seeing less chances of a Santa rally and an extended period of downside. Anand James, Chief Market Strategist, Geojit Financial Services, predicts Nifty may re-approach November 21 lows of 23263 but is less likely to break it this week, with potential for a pull-back to 24,400.
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After a subdued 1HFY25, the hospitality sector rebounded strongly, fueled by a vibrant wedding season and thriving MICE activities. Key players are expected to post 10-12% YoY RevPAR growth this quarter, driven by an 8-10% rise in Average Room Rates (ARR). Luxury and upper-upscale hotels witnessed RevPAR growth of 15-17% in the month, aided by high occupancy and rising ARRs.
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