The Indian jewellery sector stocks continue to be in the limelight after the government sharply increased the effective import duty on gold from 6% to 15%.

The move, announced amid concerns around rising imports and pressure on foreign exchange reserves, has raised questions about jewellery demand, pricing and profitability across the industry.

The brokerage house Nomura, in its latest report has shared its outlook on the sector and has also maintained a positive stance on Titan Company.

Even after the sharp jump in import duty, Nomura has maintained a ‘Buy’ rating on Titan with a target price of Rs 4,950. This translates to an upside of 21% from the current market price.

Air India posted a record annual loss of about $2.8 billion, or nearly Rs 26,798 crore at current exchange rates, for 2025-26, as disruptions linked to the Iran conflict, closure of Pakistani airspace for Indian carriers, high fuel prices and aircraft supply constraints weighed heavily on operations, according to disclosures made by Singapore Airlines.

Official sources had indicated after the company’s board meeting last week that the company’s losses for the fiscal stood at around Rs 22,000 crore.

The share price of defence equipment manufacturing company, Hindustan Aeronautics rose by 4% as the company posted 5% growth in its consolidated net profit for the March quarter largely driven by high operational revenue and one-off accounting gains. The company has also announced its highest ever dividend.

Here’s all you need to know

HAL: Q4 net profit rises 5% YoY
The company’s fourth quarter net profit was pegged at Rs 4,196 crore, rising 5.5%% year-on-year against Rs 3,976 crore reported in the year-ago period. Sequentially, the PSU’s net profit advanced by a whopping 124% from Rs 1,866 crore reported in the preceding quarter.

Railway PSU, IRFC has posted a flat profit for March quarter, as its net profit for Q4 edged up by just 0.14% at Rs 1,684 crore against Rs 1,618 crore reported in the year-ago period. On a sequential basis the company’s bottom line declined by more than 6% from Rs 1,802 crore.

IRFC: Q4 revenue rises 9% YoY
The railway company’s total revenue from operation for Q4 surged by 9% to Rs 7,335 crore against Rs 6,772 crore reported in the same quarter last year. Sequentially, the company’s topline increased by 10% from Rs 6,661 crore reported in the previous quarter.

The flat profit results can be attributed to a rise in the company’s total expenses, which increased by 12% YoY to Rs 5,644 crore from Rs 5,041 crore posted in the corresponding previous fiscal. On a quarterly basis expenses surged by around 15% from Rs 4,917 reported in Q3.

Tata Power beat analyst estimate with a profit of Rs 996 crore in Q4. Going ahead, the integrated power company would be ready with a detailed project report (DPR) for its nuclear projects. Its MD & CEO Praveer Sinha tells Raghavendra Kamath that data centres are not a significant opportunity for power players. Excerpts:

Where are you incurring the Rs 25,000-crore capex planned for FY 27
Essentially four buckets,25% will go into large utility scale projects, 25% in transmission projects in Mumbai and others, 25% in T&D (transmission and distribution) put together, and remaining in hydro and pumped storage (PSPs) and project completion.

Muthoot Finance’s standalone net profit more than doubled year-on-year to Rs 3,086 crore in the fourth quarter of FY26, driven by a sharp rise in interest income and record gold loan disbursements. The country’s largest gold loan NBFC had reported a net profit of Rs 1,508 crore in the year-ago period.

Standalone revenue from operations rose 68% YoY to Rs 8,178 crore during the quarter, led primarily by interest income, which increased to Rs 8,056 crore from Rs 4,783 crore in Q4FY25. Standalone loan assets under management (AUM) crossed the Rs 1.60 lakh crore milestone for the first time to reach an all-time high of Rs 1.63 lakh crore as of March 31, 2026. During FY26, gold loan AUM increased by Rs 51,128 crore, registering a growth of 50%. In Q4 alone, gold loan AUM rose by Rs 14,426 crore, reflecting a 10% sequential increase.

Sajjan Jindal-led JSW Steel reported a 989.2% year-on-year jump in net profit for the fiscal fourth quarter, driven mainly by one-time gains on account of the slump sale in Bhushan Power and Steel Limited (BPSL), and supported by lower cost of materials, lower mining premium and royalties, and reduced power and fuel costs.

Net profit attributable to the promoters of the company came in at Rs 16,370 crore (Q4FY25: Rs 1,503 crore), beating Bloomberg estimates of Rs 1,503 crore. The firm benefitted from a one-off gain of Rs 17,888 crore due to the BPSL slump sale.

US authorities are moving toward resolving fraud charges against billionaire Gautam Adani, Bloomberg and New York Times reported citing sources. The US Department of Justice (DOJ) could announce as early as this week that it is dropping the charges against Adani and other defendants. At the same time, the US Securities and Exchange Commission (SEC) is also working toward settling a parallel civil fraud case filed in November 2024, Bloomberg reported.

Financialexpress.com could not verify the news independently. However, we have reached out to Adani Group seeking clarification and details. The article will be updated as soon as we hear from the company or it issues an official statement on the matter.

Bharti Airtel approved a preferential share issuance to promoter-group entity Indian Continent Investment (ICIL) as part of a share-swap transaction aimed at increasing its stake in Airtel Africa. Under the deal, Bharti Airtel will issue up to 146.76 million equity shares to ICIL at Rs 1,923 apiece, aggregating to about Rs 28,220 crore. In return, ICIL will transfer up to 16.31% stake, or 595.2 million shares, in Airtel Africa plc to Bharti Airtel.

Following the transaction, Bharti Airtel’s holding in Airtel Africa is expected to rise from 62.73% to about 79.04%.

ICIL, which currently holds about 0.92% stake in Bharti Airtel following a block deal in November 2025, is likely to see its shareholding rise to around 3.3% after the allotment.

Tata Motors Limited (formerly TML Commercial Vehicles Limited) Wednesday reported a 69.6% year-on-year rise in standalone net profit to Rs 2,406 crore for the March quarter of FY26, driven by strong growth in its commercial vehicles (CV) business. The company had posted a profit of Rs 1,419 crore in the corresponding quarter last year.

Revenue from operations during the quarter rose 22.3% year-on-year to Rs 24,452 crore, compared to Rs 19,999 crore in Q4 FY25. Sequentially, revenue was up nearly 20% from Rs 20,404 crore reported in the December quarter.

Ebitda for the quarter increased 35% to Rs 3,400 crore, while Ebitda margins improved 130 basis points year-on-year to 13.9%. The company also outperformed Bloomberg estimates, which had pegged revenue at Rs 23,971 crore and net profit at Rs 2,056 crore.

Maharatna PSU, Power Finance Corporation has posted a 3% rise in its March quarter consolidated net profit at Rs 8,597 crore against Rs 8,357 crore posted in the year-ago quarter. The NBFC has also announced a final dividend for FY26.

Power Finance Corporation: Q4 net profit rises 3%
The company’s on-year profit reported a rise of nearly 3% largely driven by reduced expenses expenditure. On a sequential basis the company’s consolidated net profit has climbed up by nearly 5% from Rs 8,211 crore reported in Q3.

However, the NBFC’s total revenue from operations for the March quarter fell by over 1% to Rs 28, 919 crore from Rs 29,265 crore reported in Q4FY25. Sequentially, its topline saw a marginal squeeze of 0.6% from Rs 29,094 crore reported in the previous quarter.

Airtel Chairman and Managing Director Sunil Bharti Mittal revealed his succession plans on Thursday, saying the he will hand over the reins to next generation in the next ten years.

I wish to hand over the reins to next generation in the next 10 years, Mittal said in the company's concall, as cited by CNBC TV-18.

He further noted that the West Asia war has impacted the telecom major's business on "multiple fronts."

Mittal was re-appointed as Chairman of Bharti Airtel for a further term of five years earlier on Wednesday, effective October 1, 2026, subject to shareholder approval.

Mittal founded Bharti Enterprises and launched Airtel's cellular services in Delhi in 1995, and now serves in an executive capacity as Chairman.

Airtel's ARPU performance
Mittal was determined on doubling down on all levers for Average Revenue Per User (ARPU) as he is not happy with the Q4 statistics.

Larsen & Toubro (L&T) has secured significant orders worth Rs 1,000- Rs 2,500 crore in the Middle East for setting up extra-high voltage substations.

L&T said in its regulatory filing on Tuesday that its Power Transmission & Distribution (PT&D) business has secured engineering, procurement and construction (EPC) orders that involve the construction of one 380 kV substation and two 132 kV substations.

These projects are aimed at strengthening power infrastructure and supporting rising electricity demand in the region.

In a single stroke, the deal takes Sun Pharma from being India’s largest drugmaker to a top-tier global pharmaceutical company doubling its annual revenue to $12 billion, increasing its presence to 150 countries, and giving it a 24,000-strong commercial sales force operating on the same field as Pfizer and AstraZeneca.

Whether it cements Shanghvi’s legacy as the architect of India’s first truly global pharma major, or whether, after four decades of disciplined wins, it finally tests the limits of his manual, will mould what comes next not just for Sun Pharma—where a new generation is ready to take on more—but also for the Indian pharmaceutical industry.

“I’m happy, excited, also a little bit anxious. It is a large transaction that we are entering into,” Shanghvi said at a press conference announcing the deal.

Bank of Baroda, one of India’s biggest lenders, aims to double its balance sheet over the next five years by capitalizing on the country’s strong economic growth, expanding fee-based businesses and deepening its presence overseas.

Debadatta Chand, chief executive officer of the bank, which absorbed two state-run lenders in 2019, said larger balance sheets will be crucial as lenders look to compete globally. “If India wants globally competitive banks, scale and capital base are very important,” he said in an interview. “There are advantages to consolidation.”

Honda racked up a 423.9 billion yen ($2.7 billion) loss Thursday, the first-ever full year loss for the Japanese automaker, acknowledging heavy costs for its electric-vehicle plans, stemming from President Donald Trump’s pro-US policies.

The Japanese automaker said losses related to its EV operations are estimated to total 2.5 trillion yen ($16 billion), incurred mostly in the fiscal year just ended and the current fiscal year.

Analysts say Honda Motor Co. might have been too ambitious too fast, when many markets weren’t ready. As a result, Honda abandoned many of its plans for EV models, including those in the works in a joint venture with Sony Corp.

“EV demand has declined considerably, due to the rollback of environmental regulations in the US and other factors,” Honda said in a statement.

The Trump administration has pulled back on incentive programs for EVs and withheld money to states wanting to add more EV charging stations, even as gas prices have soared over the war in Iran.

Trump also blocked California’s stringent electric vehicle mandates last year, backpedaling on the shift to environmental models.

Beating analyst estimates, Tata Power posted a net profit (attributable to owners) of Rs 996 crore in Q4FY26. Profits were down 4.5% compared to Rs 1043 crore it posted in the corresponding quarter of previous financial year. Sequentially profits went up 29%. Analysts were expecting a profit of Rs 825 crore .

The company’s reported PAT went up 8% YOY Rs 1416 crore for Q4FY26.

The company missed analysts estimates on revenues and posted a revenue of Rs 14900 crore which was down 13% YoY as compared to Rs 17096 crore. Analysts were expecting revenues of Rs Rs 16021 crore in Q4FY26.

Vodafone Idea (Vi) Tuesday said its board will consider a fundraising proposal on May 16, as the debt-laden telecom operator seeks to bolster its balance sheet to continue operations and battle bigger rivals Reliance Jio and Bharti Airtel.

The company said in a regulatory filing that it would look to raise the fresh capital through an issuance of equity shares and/or warrants on a preferential basis.

Hyundai Motor India plans to spend Rs 7,500 crore in capital expenditure and introduce two completely new nameplates this fiscal year as it seeks to capture growing demand following tax cuts.

The company said on Friday it will roll out a new mid-size SUV, and a localised electric compact SUV this year. Hyundai expects its domestic sales and exports to grow by 8-10% in FY27.

The local unit of Korea's Hyundai Motor Company also announced an expansion of its Pune facility by 70,000 units under Phase II, boosting total manufacturing capacity in India to 1.14 million units a year by 2030.

Canara Bank posted a 9.94% Year-on-Year (YoY) decline in its Q4FY26 net profit at Rs 4,505.57 crore, down from Rs 5,002.66 crore. The bank’s FY26 profit increased to Rs 19,186.67 crore, up 12.69% YoY from Rs 17,026.67 crore reported in FY26.

Here are key highlights from Canara Bank’s Q4FY26
The public sector lender’s gross non-performing assets (NPA) ratio stood at 1.84% in the March quarter.

Canara Bank’s interest earned during the quarter came in at Rs 318.38 billion. Meanwhile, provisions and contingencies stood at Rs 9.92 billion during the reporting period.