for the quarter ending in march

Lenskart reported a Q4 profit decline despite a 32% revenue surge to Rs 2,564.7 crore, driven by store expansion and international growth. For FY26, net profit rose to Rs 500.9 crore on Rs 8,988.3 crore revenue. The eyewear retailer is focusing on AI integration and expanding its omnichannel presence.

Wix is preparing for its largest-ever layoffs, cutting approximately 1,000 employees, or 20% of its workforce. This significant downsizing follows a challenging first quarter, marked by a stock decline and increasing redundancy of roles due to AI advancements. Despite double-digit revenue growth, the company reported a net loss and a drop in cash flow, with operating expenses significantly increasing.

A US-Israeli war with Iran has triggered significant global economic fallout, with companies reporting at least $25 billion in losses due to soaring oil prices and disrupted trade routes. Businesses worldwide are implementing cost-cutting measures, including price hikes and reduced production, as the conflict impacts various sectors, particularly airlines.

Oil prices surged Friday amid lingering uncertainty over US-Iran peace talks and ongoing concerns about supply disruptions via the Strait of Hormuz. Despite recent gains, benchmarks are set for a weekly dip. While gaps in negotiations have narrowed, any toll system in the Strait is deemed unacceptable.

A prolonged closure of the Strait of Hormuz could trigger a severe global energy crisis, potentially pushing oil prices to $200 per barrel by late 2026. Wood Mackenzie's report outlines three scenarios, with the worst-case predicting a significant economic contraction. This warning echoes Iran's own earlier predictions amid escalating regional tensions.

Berkshire Hathaway, under new CEO Greg Abel, has significantly altered its investment strategy. Abel has more than tripled the stake in Alphabet (Google's parent company) and completely sold off Amazon shares, a departure from Warren Buffett's long-held tech aversion. Additionally, Berkshire made a substantial investment in Delta Airlines, another sector Buffett previously expressed skepticism about.

State Bank of India reported a 6% rise in Q4 FY26 net profit to Rs 19,684 crore, driven by improved asset quality and lower bad loans. Despite this, total income saw a slight decline, and net interest margins compressed, leading to a drop in operating profit and a subsequent fall in SBI's stock price.

Is an Iran deal actually close, or is Trump prepared to wait? Here’s what we know about what each side may give up on the six issues that matter most

A Russian missile strike on a Kyiv apartment building claimed 24 lives, including three teenagers, as emergency crews concluded their search. This attack, part of Russia's largest barrage since the invasion, underscores the ongoing conflict despite recent ceasefire suggestions. Ukraine also launched drone attacks, hitting a Russian oil refinery and causing casualties.

Despite the bullish undertone in equities, several risk factors continue to keep investors on edge. The rupee touched a fresh record low after breaching the 95.8 mark against the US dollar for the first time.