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The Nasdaq closed lower on Monday, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from companies including Microsoft while Tesla shares fell on concerns about its spending plans.

The share of hotel rooms in the tier-II and tier-III cities increased to 38% of the total inventory at the end of 2022 from 33% four years ago according to a recent HVS-Anarock report. The share of hotel rooms in metros reduced to 19% from 30% during the period. Cities such as Agra, Haridwar, Manali, McLeod Ganj, Kasauli, Katra, Mahabaleshwar, and Vrindavan reported the opening of new hotels in the mid-market and upscale segments.

Latest Reserve Bank of India data showed that as on April 7, bank credit growth was 15.7% year-on, far higher than deposit growth of 10.2%. The wide gap between loan growth and deposit growth last year has prompted banks to turn to debt capital markets to raise funds and finance the credit demand.

The bond, expected to be priced 145-150 basis points above the five-year US treasury rates, is being sold through six lead managers that include JPMorgan and HSBC.

The IPP solar portfolio, located in five key states in India, is backed by long-term power purchase agreements-about 75% of assets with central government entities and the remaining with distribution companies backed by state governments.

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Despite the general industry issues with asset quality and mortality, we were able to maintain a pristine balance sheet. All the numbers are broadly on track, and no adverse variances are anticipated.

Perpetual bonds do not have a maturity date, although the call option implies that the issuer has the right to redeem the bonds on a fixed date. The appeal of such securities for investors stems from the fact that they typically pay a higher interest rate than many other fixed-income instruments.

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Revenue from operations of the company witnessed a growth of 2.97 per cent during the quarter under review at Rs 522.62 crore compared to Rs 507.54 crore in the same period of the previous fiscal.