Portfolio

ITC Hotels is accelerating growth through franchise and management contracts under its asset-light growth strategy, strategic partnerships, and brand-led operations in India and neighbouring markets

ITC Hotels Ltd is aiming at expanding its portfolio to over 220 operating units with more than 20,000 keys by 2030, its latest annual report said. According to the annual report for 2024-25, the company plans to accelerate its growth through management contracts and franchise arrangements. Approximately, 70 per cent of the keys are being operated under management contracts, including franchising, it said. Spun into a separate entity after the demerger from ITC Limited, the company owns brands like ITC Hotels, Mementos, WelcomHotel, Storii, Fortune and WelcomHeritage. "Having achieved considerable scale and market standing, the business pivoted into an asset right strategy to drive growth and reduce the capital intensity of operations," the company said. The focus was also on strong partnerships with asset owners, leveraging brand credentials and providing operational expertise, ITC Hotels said in the report. In the last two years, 30 hotels have been launched under the ITC Hotels

Punjab National Bank has agreed to sell its entire stake in India SME Asset Reconstruction Company for ₹34 crore, aligning with its plan to exit non-core investments and focus on core banking

Rising temperature and growing threat of climate change may increase default risk in 30 per cent of agri and housing loans portfolio in the next five years, according to an analysis by BCG. According to the report, the average global temperature has already increased approximately 1.2 degree Celsius versus pre-industrial levels leading to flooding in coastal areas and reduction in agriculture production. As a result, it said, there has been a drop in per capita income of people impacted by rising extreme weather events. Almost half of the credit of scheduled commercial banks is significantly dependent on nature and its ecosystem so any natural calamity impacts their bottomline. By 2030, as per estimates, 42 per cent India's districts are projected to experience temperature rise by up to 2 degree Celsius. So, 321 districts may be affected by temperature rise in the next five years. However, climate change also provides an opportunity to banks to the tune of USD 150 billion annually

The company has made progress in its turnaround, adjusting its factories and supplier base for higher production levels going forward, and addressing money-losing defense programs, Ortberg said

Separate call auction session proposed to mitigate final hour volatility

Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves

In a survey this week of the world's largest insurers, Moody's found that nearly 80% of respondents planned to increase their holdings in at least one class of private credit

High cash holdings in MF portfolios indicate deployment challenges and fears of a price correction

Firm's revenues were in line with estimates and operational parameters better than expected

The report said the growth in the future would largely be driven by higher acquisitions, though capped by quicker resolutions expected in retail assets

New investors should look beyond one-year data; enter via SIP route with a seven-year horizon

Consider going for a passive fund

Record-low rates offered to meet pent-up demand has seen banks' retail loan portfolio double between 2019 and now, raising concerns among policymakers

A day after joining the Eknath Shinde-led Maharashtra government, Deputy Chief Minister Ajit Pawar on Monday met his counterpart Devendra Fadnavis to discuss allocation of cabinet portfolios and legal aspects pertaining to the new alliance, sources said. NCP leaders Sunil Tatkare, Praful Patel and Chhagan Bhujbal were also present in the meeting held at 'Meghdoot' bungalow, the official residence of Deputy CM and Bharatiya Janata Party (BJP) leader Fadnavis, they said. The meeting lasted for about an hour. On Sunday, Ajit Pawar led a vertical split in the Nationalist Congress Party (NCP) to become the deputy chief minister. Eight other NCP leaders were also sworn in as ministers in the Eknath Shinde-BJP government. The meeting was about distribution of portfolios. The leaders also discussed legal aspects and impending challenges before this new alliance, a source close to Ajit Pawar said. The allocation of portfolios would be finalised by Tuesday evening, the source said. In the

The names included in 'top funds' are Terry Smith's Fundsmith Equity, , Fidelity and HSBC

Worth its weight in Gold: Saw portfolio increase of 1-6 percentage points in November-December 2022

With these eight brands on board, TMRW has achieved a revenue run-rate of over Rs 700 crore and is on a path to cross an annual revenue rate of Rs 1,500 crore in the next 12 months

Lender's amalgamation with Lakshmi Vilas Bank expanded its reach in South India

To stay safe, keep bulk of portfolio in shorter-duration or target maturity funds