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Copper consolidated after hitting one week high of $4.50 per pound amid firm US equities. The US stocks moved mostly higher over the course of the trading day on Tuesday, more than offsetting the weakness seen on Monday. The major averages climbed firmly into positive territory after showing a lack of direction early in the session. The Dow jumped 371.65 points or 1.1% to 35,462.78, […]

Cineline India has acquired 27 additional screens on a lease basis of which 9 are in Uttar Pradesh, 6 in Rajasthan, 5 in Noida, 5 in Gujarat and 2 in Maharashtra. These theatres will have an aggregate seating capacity of more than 5,500 seats. With this acquisition, the companys total screens tally has increased to 75 with total seating capacity of 16,500+ across 14 cities […]

The key equity benchmarks edged higher in early trade amid across the board buying in index pivotals. The Nifty hovered near the 17,400 mark. Positive Asian stocks boosted sentiment. At 09:24 IST, the barometer index, the S&P BSE Sensex, was up 477.64 points or 0.83% to 58,286.22. The Nifty 50 index added 132.40 points or 0.77% at 17,399.15. In the broader market, the S&P BSE […]

Indian Railway Catering and Tourism Corporation gained 2.11% to Rs 855.75 after the company posted a 167% jump in net profit to Rs 208.8 crore on a 140.8% increase in revenue from operations to Rs 540.21 crore in Q3 FY22 over Q3 FY21.

The company will be utilizing the net sale proceeds mainly for the purpose of reduction of the debt owed by the company to the banks.

The Company strives to grow its Film exhibition business aggressively in due course of time by acquiring theatre properties PAN India.

During the last few years, the Company has been struggling due to operational losses, high debt obligation and challenging market conditions.

For the nine months ended December 31, 2021 the Gross Revenue stood at Rs1196.08cr.

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