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Indian Hotels Company Ltd (IHCL) posted a 25% YoY rise in Q4 FY25 profit at ₹522 crore. Annual profit surged 52% to ₹1,908 crore, driven by new signings, stable ramp-ups, and robust demand across hospitality segments.

Skechers is set to be acquired by 3G Capital for $9.42 billion, marking the footwear industry s largest buyout amidst tariff challenges. 3G Capital offered $63 per share, a 28% premium, after Skechers faced setbacks due to U.S. tariffs on Chinese goods.

Shapoorji Pallonji Group is set to finalize a $3.25 billion offshore fundraising this week, intending to utilize part of the proceeds to refinance Goswami Infratech s 2023 bond. The non-convertible debentures are expected to carry a 19.75% coupon with a 3.5-year tenor. Existing backers and new investors are likely to participate, with Rajeev Misra also planning a significant investment.

Bank of Baroda has decreased its home loan interest rates. The reduction is 40 basis points for new borrowers. The new rate starts at 8.00% per annum. Indian Bank also announced a rate cut on home and vehicle loans. These changes follow the Reserve Bank of India s policy rate cut in April.

The Reserve Bank of India s FY25 dividend payout to the government is projected to increase, fueled by higher income from foreign exchange reserve deployments due to elevated US treasury yields. This boost is further supported by strong commissions from forex operations and interest income on government securities.

A recent report indicates a continued rise in ATM cash withdrawals, with some states experiencing up to 8% growth. The average cash dispensed per ATM has increased significantly between FY17 and FY25. This trend suggests a coexistence of cash and digital payments, driven by factors like remittance inflows and financial inclusion efforts, highlighting cash s enduring relevance.

The currency had strengthened to 84.13 per dollar during the day, but dollar demand from importers weakened the currency, which had closed at 84.58 per dollar the previous day, LSEG data showed.

The private lender reported a 14% dip in its standalone profit after tax (PAT) at ₹3,552 crore, from the same quarter last year. Net Interest Income (NII) increased to ₹7,284 crore for January-March, from ₹6,909 crore last year, up 5% in the period.

I m not sure the worst is over for the markets yet, as the base case for tariffs remains a difficult question. It s also possible that reciprocal tariffs could be reinstated on July 2. We assume 10% universal tariffs, with China s tariffs reduced from 145% to 60%, but even this isn t fully priced in.

The broader markets ended stronger with the Nifty Midcap 150 and Nifty Small-Cap 250 rising 1.6% and 1.1%, respectively. Of the 4,202 shares traded on BSE, 2562 advanced and 1,460 advanced.