US Treasury Secretary Scott Bessent suggests Federal Reserve could consider raising FIMA liquidity facility

US Treasury Secretary Scott Bessent suggested increasing a key emergency liquidity facility. This facility helps stabilize the Japanese yen amid market volatility. Global bond markets have significantly expanded since the mechanism was created. The FIMA repo facility allows foreign central banks to exchange Treasuries for dollars. This tool protects the US economy from overseas financial…

India’s hospitality companies’ revenue to grow 7-9% in FY27, West Asia conflict poses downside risks: ICRA

India’s hospitality sector anticipates seven to nine percent revenue growth this fiscal year. Premium hotel occupancy is expected to remain stable at seventy-two to seventy-four percent. Average room rates for premium hotels will likely increase to eight thousand six hundred rupees. Operating margins for these hotels are projected to be similar to last year’s figures….

Institutional investors over-subscribe LIC OFS, govt opts for green-shoe option

The government’s Life Insurance Corporation share sale has garnered overwhelming attention from institutional investors, with bids amounting to an impressive Rs 36,400 crore received on Tuesday. The government is offloading a 6.5 percent stake in the leading insurer to fulfill regulatory public shareholding mandates sooner than anticipated. Retail investors will have the opportunity to engage…

Nykaa Q1 Results: Net profit spikes 243% YoY to Rs 80 crore; revenue jumps 29%

Nykaa’s quarterly profit saw a significant increase, more than tripling year-on-year. Strong growth in the beauty business and fashion sales acceleration drove this profit rise. The company’s revenue from operations also increased by over twenty-nine percent. Analysts expect continued strength across both beauty and fashion segments. Improved conversion and customer acquisition fueled the fashion business’s…