Nykaa and Mamaearth parent companies saw share surges Friday. Both beauty firms reported strong profit jumps. International brokerages issued bullish calls. Nykaa’s parent, FSN E-Commerce Ventures, posted a 286% profit increase. Mamaearth’s parent, Honasa Consumer, reported a 177% profit jump. Analysts suggest patience for fresh investments in these stocks.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend