Lemon Tree Hotels signs licence agmt for a 60-room property in #Rajamundry, Andhra Pradesh; the #hotel is expected to be #operational by Q3 of #FY25

#OnCNBCTV18 | Seeing strong fundamental tailwinds to cash business. By #FY25, revenue to reach ₹2,600 cr, fairly confident to deliver & grow business. #FY27 cash to contribute 58-60% of business, says Anush Raghavan of CMS Info Systems

#1QWithCNBCTV18 https://t.co/oNzsNqTerg

#IMF world economic outlook | #India growth outlook

India’s #GDP growth seen falling from 7.2% in #FY23 to 6.1% in #FY24, est at 6.3% in #FY25. India seen growing at 6.6% in #CY23 and at 5.8% in #CY24

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#IMFEconomicOutlook #IndiaGrowthOutlook https://t.co/bIa9NO26qU

#OnCNBCTV18 | Seasonality in the #business impacts quarterly performance. Have 79 #hotels in the pipeline, will open 20 hotels this year. Will continue to hold 33% #margin #target by #FY25, says Puneet Chhatwal of Indian Hotels

#1QWithCNBCTV18 https://t.co/LN8Ob0ca6y

#OnCNBCTV18 | Will grow #volumes between 10-15%. Will be able to complete terminal expansion by end of #FY25. Look to sell 50 acres of land in 2 locations for about ₹100 cr, says Prem Kishan Gupta of Gateway Distripark

#1QWithCNBCTV18 https://t.co/BrHMQaNAD0

#OnCNBCTV18 | Patel Group will increase stake by 1% in October, waiting for regulatory approval. Will try and increase our stake further if there are opportunities in future. On track to #achieve ₹630 cr #EBITDA by #FY25 & 18-20% topline #growth by FY25, says Tarak Patel of GMM… https://t.co/lIta75ttq4 https://t.co/FtQI3ChsAL

#FY25 divestment target at ₹50,000 cr

#PersistentSystems slips 10% to hit temporary freeze on below-than-expected margin #guidance for #FY25

#MSME slippages are not of great concern, says A Manimekhalai, Union Bank of India, adds -
➡️Gross recovery is seen at ₹16,000 cr
➡️#NIM to be at 2.8-3% for #FY25
➡️Credit cost seen at <1% in FY25
➡️Loan growth seen at 11-13% in FY25

#SBI board approves raising long-term bonds up to ₹20,000 crore in #FY25.