Tue, Nov 5, 2024 2:53 PM
What impact could a Trump presidency have on India's IT services players
A Flip by Avya Verma
Aptus Value Housing Finance India Ltd. delivered a strong operational performance in Q2 FY25, driven by substantial growth in its asset base and steady improvements in profitability. The company reported a 27% year-on-year increase in assets under management (AUM) to ₹9,679 crore, along with a 22% rise in net profit to ₹182 crore. The net interest income (NII) grew by 23.3% year-on-year.
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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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