Latest Stock Market News

Debt-ridden state-owned telecom operator MTNL has failed to make interest payments of sovereign guarantee-backed Rs 6,100 crore bonds as per stipulated norms, the company said in a regulatory filing.

Netflix, Disney, and Warner Bros. shares dropped after Donald Trump threatened 100% tariffs on foreign films. The move could impact global film markets, including Indian cinema, especially box office performance in the U.S.

The Reserve Bank of India repatriated a small amount of gold. It brought back 1.53 tonnes between September 2024 and March 2025. This is significantly less than the previous period. The RBI holds 879.59 metric tonnes of gold. A large portion is stored domestically. The share of gold in India s forex reserves increased. Central banks globally are increasing gold purchases.

J&K Bank Q4 results: J&K Bank reported a 9% YoY decline in Q4 net profit to ₹585 crore due to higher provisions. However, annual net profit hit a record ₹2,083 crore, aided by improved income and asset quality.

Indian Hotels Company Ltd (IHCL) posted a 25% YoY rise in Q4 FY25 profit at ₹522 crore. Annual profit surged 52% to ₹1,908 crore, driven by new signings, stable ramp-ups, and robust demand across hospitality segments.

Skechers is set to be acquired by 3G Capital for $9.42 billion, marking the footwear industry s largest buyout amidst tariff challenges. 3G Capital offered $63 per share, a 28% premium, after Skechers faced setbacks due to U.S. tariffs on Chinese goods.

Shapoorji Pallonji Group is set to finalize a $3.25 billion offshore fundraising this week, intending to utilize part of the proceeds to refinance Goswami Infratech s 2023 bond. The non-convertible debentures are expected to carry a 19.75% coupon with a 3.5-year tenor. Existing backers and new investors are likely to participate, with Rajeev Misra also planning a significant investment.

Bank of Baroda has decreased its home loan interest rates. The reduction is 40 basis points for new borrowers. The new rate starts at 8.00% per annum. Indian Bank also announced a rate cut on home and vehicle loans. These changes follow the Reserve Bank of India s policy rate cut in April.