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The acquisition will increase the size of NHAI InvIT’s portfolio from five to eight toll roads – all of which have been acquired from NHAI, a statutory authority set up in 1988 by an act of the Indian Parliament and responsible for developing, maintaining and managing national highways in India.

“I would like to look at the year-on-year number at 31.2%. Normally we do not look at the year-on-year number for an IT company but that 31.2% is substantially large and tells us that the revenue numbers for Infosys henceforth will be steadily growing. The recent underperformance that we have seen in Infosys relative to its peers will get made up”

25% of InVIT bonds to be reserved for retail investors

“The numbers will warrant the upgrade as the guidance has increased and margins for the second quarter came as a bit of surprise. Even if the company is maintaining margin guidance, there is a high probability that going forward in the second half as this wage hike will stabilise and pricing power coming back to this company margin would give positive surprise.”

Adani Group CFO Jugeshinder (Robbie) Singh told a select group of investors on October 10 in New Delhi that an announcement will soon be made of one of the group firms becoming the first Indian firm with all its business in the country, to be rated higher than the sovereign, according to two persons present at the meeting.

The Nifty Realty index closed 0.99 per cent down at 423.45.

"As the interest rate cycle is on an upswing, we will see valuations getting depressed across the board because it will be incrementally harder to raise money and do M&A by having leverage. All those factors which would have caused earnings growth in the longer run are going to be muted."

Further, the board of directors have approved a dividend of Rs 10 per share. On a YoY basis, the net profit has risen by 7.1% and the revenue has increased by 19.5%.

The investment will fuel the development of VCORE, which in turn will power the future of the metaverse by rewarding active, international players, creators, and earners

“ADSEZ has surprised us and the Street by the pace of new asset additions from the private sector and at reasonable valuations. We see enabling conditions for ADSEZ to replicate the same for government sector projects on offer,” Kotak Institutional Equity said in a report.