NY Fed’s Perli Sees Early Signs of Pressure in Money Markets

(Bloomberg) — The manager of the Federal Reserve’s massive portfolio of securities said the central bank’s effort to reduce the size of its balance sheet is beginning to place pressure on the market for repurchase agreements. That pressure likely means the Fed’s tools for controlling short-term interest rates will become increasingly important, Roberto Perli, manager…

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Grasim Industries Q4 Results: Net loss narrows to ₹288 crore, revenue up 32% YoY; Dividend declared

Grasim Industries Q4 Results: Grasim Industries, the flagship company of the Aditya Birla Group, reported a net loss of ₹288 crore for Q4FY25, narrowing from ₹441 crore in the year-ago period. Revenue grew 31.9% year-on-year to ₹8,926 crore, ahead of the estimated ₹8,675 crore. However, operating performance lagged expectations. EBITDA came in at ₹221 crore,…

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Celebi case: State has ‘plenary’ powers while protecting national security, govt tells HC

The Union government clarified before the Delhi High Court (HC) on Thursday that it has ‘plenary’ (absolute) powers to protect the country’s national security. The government’s comments come on a petition filed by Celebi, a Turkish ground and cargo handling company, which challenged the government’s move to revoke its security clearance licence. Solicitor general Tushar…

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