#ChartBeat | In FY23, the average room rate for hotels in India rose by nearly 39% year-on-year. Given the ongoing strong demand trends, Kotak Institutional Equities expects the growth rate to be 15% year-on-year in FY24.

True, foreign tourist arrivals have lagged pre-covid levels. But over the past two years, domestic demand has shouldered the burden, with rising spends on leisure and weddings.

The Bharatiya Janata Party’s (#BJP) victory with a decisive majority in the three Hindi heartland states of #Rajasthan, #MadhyaPradesh and #Chhattisgarh has cemented views of a political continuity after #LoksabhaElection2024, which analysts believe could provide comfort to the Indian stock market and likely trigger a rally in the short term.

Read here: https://www.read.ht/RSTh

#MintCharts | Sixteen votes: how's that for an election victory? That's the margin by which Asha Ram Netam of the Bharatiya Janata Party won the Kanker seat in Chhattisgarh. Two more seats were won by fewer than 100 votes. Here's a list.

#PersonalFinance | Financial Planning Standards Board (FPSB) India aims to address the shortage of certified financial planners by focusing on developing abilities and employability - ✍ writes Aprajita Sharma

Read more: https://www.read.ht/RSbW

#PersonalFinance | Building a portfolio is a complex exercise, & it has to be maintained too. One must keep in mind the volatility risk of the asset class, liquidity, lock-in rules & taxation.

Here's a look at how four commonly used asset types - equity, cash, gold & fixed income - have done in different periods.

The hospital chain, #ApolloHospitals has been accused of being a part of an illegal organ trade involving impoverished Myanmar villagers, according to a news report.

https://www.livemint.com/news/india/apollo-hospitals-accused-of-illegal-organ-trade-it-s-big-business-hospital-chain-vehemently-denies-accusation-11701748093451.html

Exciting News! You can now join the Livemint Facebook channel for the latest business news, in-depth market analysis, insights, and much more!

Join us here - https://m.me/j/Abaqjrd0eTVkg3gA/

#India will become the third largest economy by 2030, #GDP is likely to grow from 6.4% in 2023 to 7% in 2026, a report released by S&P Global said.

India is currently the fifth largest economy in the world behind the US, China, Germany and Japan.

Read here: https://www.read.ht/RSl3

Congress party has selected party's #Telangana president #RevanthReddy as the new Chief Minister, announced Congress General Secretary KC Venugopal on Tuesday.

Swearing-in ceremony of new Telangana CM to be held on December 7.

Read here: https://www.read.ht/RSpP

#MintCharts | Over 37% of newly elected MLAs in the recent state elections face criminal cases, with 82 out of 119 legislators in Telangana having criminal charges, and 50% of them facing "serious" cases, according to data from the Association for Democratic Reforms.

#PersonalFinance | Hybrid cars, with high upfront costs, take around 5 years and 10 months to offset the premium paid, making them suitable for those with longer commutes. However, EVs, with government subsidies and lower costs, are a more economical choice.

Read more: https://www.read.ht/RSyZ

#PersonalFinance | Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens who are looking for guaranteed income, but also among investors who can't stomach risks.

Here is a list of banks that offer the highest #FD rates for deposits up to ₹1 crore over various tenures.

#MintYouGovBrandDashboard | This monthly dashboard captures how leading brands in a new-age sectors are perceived by urban Indian consumers. The sector in focus this month is #fintech. The numbers represent "Future Consideration " metric*, i.e. the share of respondents in a daily online poll who showed interest in using each bard in its respective category.

#StockMarket | Extending its winning streak for the fourth straight session, the #Nifty50, representing India's top 50 companies, soared to yet another all-time high in today's trade, approaching the significant 21,000 mark with a mere 41.35 points remaining to reach this milestone.

Read more: https://www.read.ht/RTBe

The Union Home Ministry has taken action against more than 100 websites that were involved in organised illegal investments and part-time job frauds, as per reports.

These websites, as per an official statement, were operated by overseas individuals.

Read more: https://www.read.ht/RTE2

India's consumer price index (#CPI)-based #inflation, or retail inflation, might have risen above the #RBI's tolerance limit of 6% in November, from 4.87% in October, according to Barclays' estimates.

Read more: https://www.read.ht/RTFG

Billionaire #GautamAdani has climbed to the 15th spot in the Bloomberg Billionaire Index (BBI) as of Dec 6, reaching within close distance of India's and Asia's richest man #MukeshAmbani.

With net worth of $82.5 billion, the Adani Group founder is now the world's 15th richest person and the second richest Indian and Asian on the list

Read more: https://www.read.ht/RTGP

Artificial intelligence startup Haptik, a part of Reliance Jio Infocomm, launched a dedicated generative-AI platform for clients to build virtual assistants and back-end information support.

Called ‘Contakt’, the platform is already seeing a number of pilot deployments, which the company said would grow over time.

https://www.livemint.com/news/india/jiobacked-haptik-launches-generative-ai-platform-for-building-chatbots-11701864901143.html

#SamAltman was named CEO of the Year 2023 by TIME magazine.

Sam Altman marked ‘10-out-of-10 crazy thing to live through’ when he had to spend a rather strange Thanksgiving- losing a company he co-founded, only to be reinstated after five frantic days.

Read here: https://www.read.ht/RTMz

#MintCharts | India's derivatives market thrives with 58.54 billion contracts traded on NSE's equity derivatives, surpassing cash market volumes. Yet, challenges persist amidst the excitement.

Check out today's Plain Facts to know more.

#Mint20BestFunds | We have hand-picked 20 #mutualfunds for your portfolio that have jumped through hoops of good returns, low risk, good portfolio hygiene and our own qualitative research.

#PersonalFinance