How is Indian Hotels Company (IHCL) looking to expand?

IHCL is pursuing strategic acquisitions to expand its presence in existing markets and enter select destinations in Europe and Southeast Asia.

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Markets End Winning Streak as Key Stocks Grab Spotlight

Q: What happened with IDBI Bank's reclassification?

IDBI Bank received Sebi approval for the reclassification of Life Insurance Corporation (LIC) as a "public shareholder" in the lender, once the government's strategic disinvestment process is completed.

25 Aug

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Summary

BMW Industries investing ₹803 crore in new cold rolling unit
Indian Hotels pursuing strategic acquisitions in Europe and Southeast Asia
IDBI Bank gets Sebi approval for LIC's reclassification as public shareholder

Markets End Winning Streak as Key Stocks Grab Spotlight

On August 25th, 2025, the markets experienced a downturn, ending a six-session winning streak. Several companies were in the spotlight due to various news developments.

Steel maker BMW Industries is setting up a 0.5 million tonne cold rolling unit in Jharkhand, India, at an investment of ₹803 crore. The move aims to increase the company's offerings of high-end steel products.

Meanwhile, the Indian Hotels Company (IHCL) is looking to expand its presence through strategic acquisitions in existing markets and enter select destinations in Europe and Southeast Asia, according to CEO and MD Puneet Chhatwal.

In other news, IDBI Bank announced that capital markets regulator Sebi has approved the reclassification of Life Insurance Corporation (LIC) as a "public shareholder" in the lender, once the government's strategic disinvestment process is completed.

Additionally, budget carrier IndiGo and Max Healthcare Institute will be included in the Nifty index, replacing Hero MotoCorp and IndusInd Bank, as part of NSE Indices' semi-annual review.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.