FSN E-Commerce Ventures, which operates beauty and fashion retail brand Nykaa, reported a 28% year-on-year increase in operating revenue for the March quarter to Rs 1,667 crore. Net profit surged more than fourfold to Rs 9 crore, it said.The operating revenue growth was led by a 24% increase in the core business, beauty and personal care (BPC), to Rs 1,388 crore during the quarter. For the full financial year, BPC saw a 20% year-on-year increase to Rs 5,385 crore.In 2023-24, the Mumbai-based...
FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, on Wednesday reported 187% jump in its consolidated net profit to Rs 6.9 crore (attributable to shareholders) during the fourth quarter ended March 2024. The same stood at Rs 2.4 crore in the last-year period.Revenue from operations in the reporting quarter increased 28% year-on-year to Rs 1,668 crore.The company's board has approved an investment of Rs 20 crore in FSN International, a wholly-owned subsidiary, on a rights...
Top news of the day: On 22 May, a series of events are set to take place right from politics to business. A bomb threat was received by the Union Home Ministry’s office at Delhi’s North Block. China's top internet authority has introduced a language model rooted in President Xi Jinping's political philosophy. Nykaa has reported a significant surge in profits for the quarter ended March.Delhi news: High Alert in place as Home Ministry office in North Block receives bomb threat mailA bomb threat...
Michael RaineyMay 22, 2024The Biden administration announced Wednesday that it is canceling another $7.7 billion in student loans held by
The latest round of debt relief will be delivered to about 160,000 borrowers who are either enrolled in the president’s repayment program, public servants or in repayment for decades.
President Joe Biden announced a new round of federal student debt forgiveness Wednesday that his administration said will provide relief to 160,000 borrowers. The Education Department said it's canceling $7.7 billion for certain borrowers who received Public Service Loan Forgiveness, like teachers, nurses and law enforcement officials. The debt relief also applies to some borrowers who signed up for a relatively new income-driven repayment plan known as SAVE and who qualify for a benefit that...
Joe Biden announced he will be erasing $7.7 billion in student debt for
The Biden administration on Wednesday announced the cancellation of an additional $7.7 billion in student loans for 160,000 Americans in its ongoing efforts to relieve soaring college debt. As the November election looms, the administration has been eager to highlight progress in its debt cancellation programs, making announcements such as this one nearly once a month. President Joe Biden has faced blowback from Republicans who accuse the administration of transferring the burden to taxpayers...
Sen. Chuck Schumer is “pushing for another vote” on Sen. James Lankford’s border bill, “which he is sure to lose by an even bigger margin” than in February, when it couldn’t get 50 votes, groans the Washington Examiner editorial board.
Biden Cancels Another $7.7 Billion In Student Debt For 160,000 Borrowers Authored by Naveen Athrappully via The Epoch Times, President Joe Biden announced his latest student loan forgiveness plan by canceling $7.7 billion in debts, taking the total amount of such loans canceled under his administration to $167 billion. “Today, my Administration is canceling student debt for 160,000 more people, bringing the total number of Americans who have benefitted from our debt relief...
The White House on Wednesday said it has approved $7.7 billion of student debt cancellation for 160,500 borrowers, part of its ongoing effort to provide relief after the Supreme Court last year blocked President Joe Biden's plan for broad-based college loan forgiveness. With the latest round of forgiveness, the administration has erased a total of $167 billion in student loans for 4.75 million people, or about 1 in 10 student loan borrowers, the Department of Education said. The people who...
World number one Scottie Scheffler had earlier led the tributes to Murray, who won the Barbasol Championship in 2017 and the Sony Open in January.