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News 2026-10-16 08:53 UTC

BUZZ — Omaxe gains on MoU for 10 hotel projects across India

* Shares of India's Omaxe rise as much as 3.9% to 112.95 rupees * Real estate developer says it has entered into an MoU with Carnation Hotels, a unit of Lemon Tree Hotels to operate 10 hotel projects across India * Adds the 10 projects entail an estimated investment of about 40 billion rupees ($421.27 million) * Stock