RITESH
This smallcap multibagger stock turned Rs 10,000 to Rs 2.5 lakh in 10 years. Should you buy?
Promoters own 66.75% of the company, with the remaining 33.25% held by the public. Mutual funds account for just over 7% of public shareholding, and foreign investors have no significant stake.
Flying high! Tourism stocks rebound up to 4,721% from Covid lows
Shares of BLS International Services and other top tourism stocks have seen remarkable growth post-lockdown, with returns ranging from 1,222% to 4,721%. The newly launched Nifty Tourism index tracks 17 constituents, offering investors a diversified approach to the booming tourism sector.
Sensex target is 1 lakh by December 2025 if bulls keep running at historical CAGR
Sensex surged from 70,000 to 80,000 in under 7 months, hinting at a potential reach of 1 lakh by December 2025 with a 16% historical CAGR. Since its inception at 100 in April 1979, it has grown 800 times at a 15.9% CAGR, suggesting a future landmark by December next year.
HDFC ERGO General Insurance elevates Anuj Tyagi as MD and CEO
HDFC ERGO General Insurance promoted Anuj Tyagi as the new managing director and chief executive, succeeding Ritesh Kumar effective July 1. Tyagi, with the company since 2008, previously served as joint managing director. Kumar will transition to ERGO International's board and become the deputy COO focusing on Asian growth markets. The appointment is pending approvals.
Oyo posts maiden annual net profit of Rs 100 crore in FY24: founder Ritesh Agarwal
Oyo reported its first profitable fiscal year in 2023-24 with a net earning of nearly Rs 100 crore. Founder Ritesh Agarwal highlighted growth prospects in key markets like Nordics, South East Asia, US, and UK. Fitch Ratings upgraded Oyo's credit rating, acknowledging its strong performance.
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We had our maiden net profitable financial year at nearly Rs 100 cr: Oyo founder Ritesh Agarwal
Agarwal had shared with employees in February that it has doubled its profit after tax (PAT) sequentially in quarter three of financial year 2024 to Rs 30 crore. The company had marked its maiden profitable quarter with a PAT of over Rs 16 crore in quarter two of fiscal year 2024.
Rakhi Sawant's health crisis: Ex-husband Ritesh says her condition is 'actually critical,' urges fans to pray for recovery
Rakhi Sawant has been hospitalized due to a heart ailment, confirmed by her ex-husband Ritesh. He emphasized the seriousness of her condition, urging well-wishers to pray for her recovery. This news comes amidst Rakhi's legal battles and recent controversies, with medical procedures like angiography underway to assess her health. The public response has been one of concern and support, with fans and industry peers sending prayers for her swift recovery.
HUL withdraws 'health' label from Horlicks, rebrands it as 'functional nutritional drink' amid regulatory changes
Ritesh Tiwari, the Chief Financial Officer of Hindustan Unilever, announced the change during the earnings press conference on April 24. Tiwari emphasized that the shift to the FND label provides a more accurate and transparent description of the category. He highlighted the under-penetration of the FND market, indicating significant growth opportunities.
'Mirzapur 3' OTT release update: Producer drops major hint for Divyendu Sharma aka Munna Tripathi's return
The third season of the popular Prime Video series, 'Mirzapur', is highly anticipated by fans and media. The recent announcement of its return at an event by Amazon Prime Video has sparked excitement and speculation. Producer Ritesh Sidhwani hinted at Munna Tripathi's comeback, igniting curiosity among fans. Divyendu Sharma's acclaimed performance as Munna and the show's ensemble cast has further fueled anticipation for 'Mirzapur 3'.
Amid 'Mirzapur 3' OTT release buzz, Rasika Duggal aka Beena Bhabhi hints at season 4
The highly anticipated Mirzapur Season 3 has been officially confirmed for release, generating immense excitement among fans. Producer Ritesh Sidhwani hinted at a potential Season 4 while teasing the return of familiar characters like Munna Tripathi. The show's release is scheduled for June or mid-July 2024, with rumours swirling about a fourth season.
JP Morgan extends Rs 200 crore credit facility to Oyo
JP Morgan has provided Oyo with a Rs 200 crore credit facility to support the expansion of Oyo's Accelerator Programme. Launched in March last year, the program aids over 700 hotels and 85 first-generation hoteliers, offering mentorship, technology access, financial support, and networking opportunities.
Over next few years, India will have a much more balanced economy: Ritesh Jain
According to Ritesh Jain, India is transitioning from a services-based economy to a manufacturing-based economy, driven by government focus, PLI schemes, and the China plus one strategy. This shift is expected to lead to broad-based prosperity, job creation, and higher real estate prices in tier II and tier III cities.
BSP MPs must instrospect whether they followed party guidelines: Mayawati after Ritesh Pandey resigns
BSP chief Mayawati urged her party MPs to reflect on whether they followed the party's guidelines in the interest of its mission and self-respect, following BSP Lok Sabha MP Ritesh Pandey's resignation and subsequent joining of the BJP. Mayawati emphasized the BSP's distinct approach, focused on self-respect and Dr Bhimrao Ambedkar's mission, and questioned whether MPs fulfilled their responsibilities to their constituencies and adhered to party guidelines.
BSP MP Ritesh Pandey resigns from party, joins BJP
BSP Lok Sabha MP Ritesh Pandey joined the Bharatiya Janata Party ahead of the upcoming general elections, shortly after resigning from the BSP. Pandey cited Prime Minister Modi's vision as a reason for his decision to join BJP, expressing his desire to contribute to India's development. In his resignation letter, Pandey lamented the lack of communication and engagement from the BSP leadership despite his efforts.
Oyo launches Shark Tank-inspired loyalty programme
Customers can avail a free night's stay after seven room nights, an additional 5% discount on Oyo's network of over 3,800 Wizard hotels in India, as well as other rewards in the form of Oyo money under Wizard Shark. Valid for three months, the programme offers free membership renewal. Originally launched in August 2018, Oyo's Wizard programme, with more than 4.4 million active members, is among the largest loyalty programmes in the hospitality industry in India, the company said.
Aroa Venture Partners launches $50 million fund
Aroa Opportunities Fund, which registered as a category II alternative investment fund (AIF) with Securities and Exchange Board of India (Sebi) in October 2022, has received in-principle commitments of over Rs 400 crore so far, founder and managing partner Gaurav Gulati told ET in an interaction.
Oyo clocks Rs 30-crore profit in Q3FY24, founder Ritesh Agarwal tells employees
People familiar with the matter said Agarwal stated that in the upcoming quarters, it anticipates a consistent rise in PAT, driven by ‘enhanced’ patron confidence, ‘improved’ customer experience, and ‘favourable’ market conditions conducive to sustained growth.
Oyo expects consistent PAT rise in upcoming quarters, CEO Ritesh Agarwal tells employees
Agarwal shared the update about the two-fold increase in the company's profit during an employee town hall on Friday.
Oyo boss Ritesh Agarwal meets Rana Daggubati, reveals ‘Baahubali’ star is a seasoned angel investor!
From animation studio to comic book empire, the 'Baahubali' star has his finger in more than a few lucrative pies!
Interim Budget: Here's what economists and financial experts are saying about Modi 2.0's last budget
Finance Minister Nirmala Sitharaman today presented the Interim Budget which has been hailed by economists and financial experts for focus on infrastructure, fiscal consolidation, rural spending, and measures to support growth and fiscal prudence.
Corporate India's power brigade turns out in full force at Ayodhya
India Inc's power brigade, including Mukesh Ambani, Sunil Bharti Mittal, Kumar Mangalam Birla, and other prominent business leaders, attended the Ram Temple consecration ceremony in Ayodhya. Notable attendees also included Nishant Pitti, CEO and co-founder of EaseMyTrip, and Zoho CEO Sridhar Vembu.
'The energy is infectious': Ritesh Agarwal, OYO founder, posts pics from inside the Ayodhya Ram Mandir
OYO founder Ritesh Agarwal visited Ayodhya for the Ram Mandir consecration, sharing vibrant pictures and expressing the infectious energy within. Commencing his spiritual journey from Jagannath Temple in Puri, Agarwal's post on X received over 11,600 views, with individuals conveying blessings and love for Ayodhya. The images depict the adorned temple, a Sanskrit phrase, a floral peacock, and Agarwal inside.
Driven by surge in Ayodhya, Oyo to open 400 new properties in major spiritual hotspots
Budget hospitality chain Oyo plans to launch 400 new properties in major spiritual hotspots of the country, including Ayodhya, Puri, Shirdi, Varanasi, Amritsar, Tirupati, Haridwar, Katra-Vaishno Devi, and the Char Dham route. This move is in response to a surge in domestic travel and rising interest in spiritual tourism. The company aims to cater to the increasing demand for accommodation near key landmarks and religious sites.
PhonePe appoints Ritesh Pai as CEO of international payments business
Prior to this, Pai was working with cross-border payments firm Terrapay and was based in Dubai. At TerraPay, Pai was responsible for launching and implementing its payment products and solutions globally.
PhonePe appoints Ritesh Pai as CEO - International Payments
PhonePe has appointed Ritesh Pai as the CEO of its International Payments business. Pai, formerly the president of products and solutions at TerraPay, played a key role in launching and implementing global payment products and solutions in his previous role.
Xero EVs & VoltUp partner to deploy 15000 electric two-wheelers for last-mile deliveries
Under the partnership, the two companies will deploy electric vehicles for last-mile deliveries across 12 markets in the country. It is expected to lead to superior performance, reduced operational and kilometer cost, which improves the total cost of ownership (TCO).
OYO founder Ritesh Agarwal launches 5 healthcare centers for underprivileged in Odisha
Ritesh Agarwal, the founder of OYO, has revealed plans to establish five healthcare centers in Odisha within the next year, aiming to provide medical services to underprivileged communities. Operated by health-tech startup Last Mile Care, these centers, strategically located in regions with limited healthcare access, aim to bridge the gap for marginalized populations.
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