Lower gold and silver import costs have led to a significant rise in Senco Gold and Kalyan Jewellers' shares (by 15% and 6%, respectively). This price reduction benefits the jewellery industry by improving profit margins, while also providing positive signals for the sector as geopolitical tensions lessen, increasing demand for bullion.
Santosh Mishra
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In Q4 of the fiscal year 2026, Nykaa's parent company, FSN E-Commerce Ventures, experienced a significant surge in gross merchandise volume (GMV), growing by more than 20% compared to the previous year. The strong growth also led to an impressive net revenue increase in the same range, marking the highest growth rate in over a decade and signaling expanded retail expansion for the company.
Karnataka Bank has announced a 4% year-on-year increase in deposits and a 7% year-on-year growth in advances for Q4, indicating steady expansion in both areas.
Advait Energy Transitions Ltd has decided to wind down its Norwegian subsidiary, Advait Energy Holdings AS, by March 2026. The Norwegian unit contributed approximately INR 134.8 million to the parent company's net worth in the fiscal year 2024-25, but no sale consideration is expected due to its voluntary liquidation.
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