Royal Orchid Hotels, operating under franchise hotel chain Ramada company Wyndham Worldwide, plans to release the first corporate bond to pay debt and finance the construction of new hotels in Mumbai and Hyderabad.
State Bank of India (BOM: 500112) has been gaining points on the background of a sharp increase in profits. State Bank of India’s shares up 2,784.00 points, gaining +180.40 (6.93%).
Vodafone Group plc (LON: VOD) has managed to win the fight in the Indian operator Bharti Airtel Limited. However, Vodafone Group shares up 151.70 points, losing -2.40 (-1.56%) today.
The largest company by market capitalization, Reliance Industries of India reported about net profit increase by 32% (for the second quarter to 48.5 billion rupees (earlier $ 1 billion)). The growth of the indicator, compared with the previous quarter was only 3% since the company failed to increase production of natural gas.