Piramal Alternatives Trust acquires stake in Annapurna Finance, Bajaj Auto's Vice Chairman resigns, Magma Ventures sells shares of Poonawalla Fincorp, SBI Cards raises funds, CCEA approves coal-to-SNG project, Shilpa Medicare ordered to pay damages, Sarda Metals approves new project, Dhanuka Agritech signs Letter of Intent, Auro Laboratories acquires leasehold land, Catvision sells land & building, Gainwell Group acquires stake in TIL, Mastek collaborates with Microsoft, Kamat Hotels signs JDA, Tamil Nadu Transmission terminates contract, Borosil to raise funds through QIP.
Read more about Hotel stocks rally on heavy volumes; Chalet, Lemon Tree soar over 10% on Business Standard. While Q2FY22 witnessed a sharp rebound in revenues on a lower base, ICICI Securities expect a further recovery in revenues during Q3FY22E supported by healthy festive season travel demand.