PRISM’s premium hotel push emerges as next leg of India growth ahead of IPO

PRISM is increasingly focusing on company-serviced and premium hospitality in India. Its company-serviced hotel network grew significantly, becoming a key business driver. These hotels contributed nearly half of India’s Gross Booking Value in nine months. This shift aligns with a broader trend in India’s fragmented hotel market. The company now emphasizes quality and productivity over…

CSB Bank Q1 profit jumps 27% YoY to Rs 150 crore as provisions decline

CSB Bank reported a twenty-seven percent year-on-year net profit increase for the June quarter. Lower provisions and improved net interest income aided the bank’s financial performance. Sequential profit declined due to typical seasonal business trends in the first quarter. Gold loans saw significant growth, while total advances also expanded. The bank focuses on customer acquisition…

Quote of the day by John Maynard Keynes: “Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation”

John Maynard Keynes’ quote highlights speculation’s dual nature in markets. Healthy speculation supports enterprise, while excessive speculation can destabilize economies. Modern markets face risks as AI and cryptocurrencies can overshadow fundamentals.