Welspun Living announced a Rs 252 crore share buyback through the tender route at a 30% premium to the previous closing price, boosting investor sentiment despite weak Q4FY26 earnings. The company reported declines in profit, revenue and EBITDA during the March quarter, while the stock gained following the buyback announcement.
The rupee fell 0.3% to 96.05 per U.S. dollar, eclipsing its previous all-time low of 95.9575 in the previous session.
Ace investor Vijay Kedia has urged Anand Mahindra to unlock the “hidden tourism giant” within Mahindra Holidays, arguing that strong demand for domestic travel and Club Mahindra’s brand strength are being overshadowed by losses at its overseas unit. He called for a strategic review to refocus on India and enhance shareholder value.
Muthoot Finance's gold loan growth remains robust, fueled by higher gold prices. The company observes a decline in smaller loans, with larger ones gaining traction. Despite structural shifts, strong demand persists, supported by tight unsecured lending conditions. Muthoot Finance anticipates sustained growth, leveraging its extensive branch network and gold's appeal as collateral.
Muthoot Finance's shares plunged over 8% despite reporting a 105% year-on-year surge in net profit to Rs 3,086 crore for Q4 FY26. The company also saw a significant 68.5% rise in revenue and a 95% increase in full-year profit. Analysts from Jefferies and Morgan Stanley maintained 'Buy' and 'Overweight' ratings respectively, though target prices were adjusted.
Borrowing costs for governments around the world were rising on Friday on renewed worries about the inflationary impact of the Iran war.
The Republican-led Senate Banking Committee has advanced the long-awaited CLARITY Act, a landmark crypto regulation bill aimed at defining digital assets, resolving SEC–CFTC jurisdiction overlap, and setting rules for decentralised platforms. The move brings long-needed regulatory clarity, boosting industry confidence even as Democrats raise concerns over safeguards and stablecoin provisions.
The benchmark 10-year JGB yield rose as much as 10 basis points (bps) to 2.73%, the highest level since May 1997. The yields on five-year notes and 20-year bonds touched all-time peaks of 2.00% and 3.615%, respectively. Yields move inversely to bond prices.
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