Business
Polaris Stock Plunges 10% on Weak Demand Fears as 2026 Earnings Loom for Off-Road Giant
NEW YORK — Polaris Inc. shares tumbled more than 10 percent in morning trading Wednesday, plunging to around $51.59 as investors grew jittery ahead of the company’s first-quarter earnings report and grappled with ongoing softness in the powersports and off-road vehicle market.
At approximately 11:27 a.m. EDT on April 15, 2026, PII stock had dropped $5.91, or 10.28 percent, from the previous close near $57.50. The recreational vehicle maker’s market capitalization stood near $3.1 billion after the steep decline. Shares have now lost roughly 6 to 7 percent over the past six months while the broader S&P 500 remained essentially flat, highlighting sector-specific pressures weighing on the Minnesota-based company.
The sell-off comes just two weeks before Polaris is scheduled to release its first-quarter 2026 financial results on April 28, followed by a conference call at 9 a.m. Central Time. Analysts expect another challenging period marked by cautious consumer spending on big-ticket discretionary items such as all-terrain vehicles, side-by-sides and snowmobiles.
Fourth-quarter 2025 results released in late January offered a mixed picture. Revenue rose to $1.92 billion, beating estimates, while adjusted earnings per share of $0.08 topped forecasts. Yet the company guided for 2026 adjusted EPS around the midpoint of roughly $1.55 — below Wall Street expectations — and flagged only modest top-line growth of 1 to 3 percent for the full year amid persistent inventory management and demand headwinds.
Polaris has been working aggressively to right-size dealer inventory after years of elevated stock levels. Executives have pointed to promotional activity and reduced shipments as key levers, but softer retail demand in key segments continues to pressure margins. Operating margins contracted in recent quarters, and the company faces additional headwinds from tariffs that could add tens of millions in costs.
Wall Street’s consensus view reflects the uncertainty. Across 11 analysts tracked recently, the rating sits at Hold with an average 12-month price target near $60 to $63, implying potential upside of roughly 15 to 22 percent from current depressed levels. Targets range from a low of $52 to a high near $74. Firms including Citi recently trimmed their price objective to $58 from $71, while Wells Fargo initiated coverage with an Equal Weight rating and a $52 target.
Some longer-term models point to even more conservative outcomes. Certain forecasts see limited growth in 2026, with sales essentially flat or slightly down and profitability remaining under pressure. Bears highlight structural challenges: a maturing off-road market, intense competition from rivals such as BRP and Honda, and quality-related issues that have occasionally surfaced in recent years.
For bulls, the story centers on Polaris’s strong brand heritage and innovation pipeline. The company is celebrating the 40th anniversary of its all-terrain vehicles in 2026 and has rolled out an expanded off-road lineup featuring refreshed RZR, RANGER and Sportsman models. Highlights include the new entry-level RANGER 500 utility vehicle priced under $10,000, updated RZR Pro R models with larger touchscreens and enhanced suspension, and new 2-up ATV configurations designed to broaden appeal.
These 2026 product refreshes aim to drive retail traffic and recapture share in the side-by-side and ATV segments, where Polaris has long been a leader. The company is also leaning into rider-focused technology such as the RIDE COMMAND touchscreen system and improved comfort features for both work and recreation use. Management hopes the refreshed family lineup, combined with targeted promotions, will help stabilize demand as the riding season approaches.
Yet macroeconomic factors cloud the outlook. Higher interest rates have made financing more expensive for big-ticket purchases, and middle-income consumers — a core Polaris customer base — remain price-sensitive after years of inflation. Retail sales data in the powersports industry have shown choppy trends, with some categories still normalizing after pandemic-era surges.
Polaris maintains a solid balance sheet and continues to return capital to shareholders. The company pays a quarterly dividend of $0.68 per share, yielding roughly 5 percent at current prices, and qualifies as an attractive income play for patient investors. However, dividend coverage has drawn scrutiny amid compressed earnings.
Free cash flow generation remains a bright spot, though capital allocation will be key as the company balances debt reduction, investment in new products and potential share repurchases. Trailing 12-month revenue stands near $7.15 billion with a market value that has contracted significantly from earlier peaks.
For investors weighing a position in 2026, Polaris represents a classic cyclical play in the consumer discretionary space. Optimists argue that any stabilization in retail demand combined with successful execution on the new model year could spark a rebound, especially if interest rates ease later in the year. The stock’s current valuation — trading at a forward price-to-earnings multiple in the low 30s on depressed earnings — leaves room for multiple expansion if guidance improves.
Skeptics counter that the risk-reward remains unfavorable. Persistent margin pressure, tariff exposure estimated in the tens of millions, and limited near-term growth visibility suggest the stock could test lower support levels if Q1 results disappoint or summer selling season starts slowly. Some quantitative models flag the name as overvalued on traditional metrics when factoring in execution risks.
Next earnings on April 28 will be closely watched for several metrics: shipment volumes, gross margin trends, dealer inventory levels and any updated full-year guidance. Commentary on retail sell-through rates and early reception to the 2026 lineup could move the needle sharply in either direction.
Polaris has navigated economic cycles before, leveraging its American-engineered brand and vertically integrated manufacturing. The company’s off-road dominance, particularly in the high-performance RZR segment, provides a moat, while diversification into motorcycles via Indian and other on-road products offers some buffer.
Still, the industry faces longer-term shifts. Electrification remains on the horizon but has yet to materially impact Polaris’s core combustion-engine lineup. Regulatory changes around emissions and safety could add costs, while supply chain normalization has been uneven.
As spring riding season begins, attention will turn to dealership traffic, online configurator activity and any major marketing campaigns tied to the new models. Broader economic indicators — including consumer confidence, fuel prices and disposable income trends — will also influence sentiment.
At current levels near $51.59, Polaris stock offers a high dividend yield and potential recovery upside for contrarian investors who believe the worst of the inventory correction is behind it. Those seeking steadier growth may prefer to wait for clearer signals from earnings or a more attractive entry point.
The coming weeks will provide critical data points. Stronger-than-expected retail metrics or upbeat commentary on 2026 product momentum could halt the slide and support a rebound toward the $60 consensus zone. Further weakness in demand or margin commentary, however, risks pushing shares toward the lower end of the 52-week range.
Polaris built its reputation on rugged, innovative machines that power adventures across trails, farms and job sites. Whether 2026 marks a stabilization year or another period of headwinds will determine if the stock can shift from recent laggard to performer in the powersports sector. Investors will soon get fresh insight when the company reports results and outlines its path forward in a still-challenging environment.
Business
Missed the tax deadline? Here’s what you should do next to limit fees
FOX Business host Larry Kudlow discusses the state of the American economy under the Trump administration on ‘Kudlow.’
If you missed the April 15 tax deadline, penalties and interest have already begun to accrue – but there are still actions you can take to limit the impact.
Experts say taxpayers should file immediately, even if they can’t pay their full bill, and pay as much as they can to avoid the steepest penalties. Those who still owe can apply for a payment plan to manage the remaining balance.
The IRS says most applicants receive immediate approval or denial when applying for a payment plan online.
TAX EXTENSION FILERS BEWARE: PAYMENTS ARE STILL DUE TO THE IRS BY APRIL 15

Consulting a tax professional early can potentially help reduce the total cost of taxes owed. (iStock )
“You can still file your return and at least eliminate the failure-to-file penalty, which can reach up to 25% of any tax owed, with interest compounding,” said Mark Steber, chief tax officer at Jackson Hewitt Tax Services.
The IRS can impose multiple penalties, including failure-to-file, failure-to-pay and underpayment penalties, which are assessed separately and can accrue interest daily, Steber said.
He added that consulting a tax professional early can help taxpayers navigate their options and potentially reduce the total cost.
NEW TRUMP ACCOUNTS PITCHED AS TAX-SEASON GATEWAY TO BUILDING WEALTH

The IRS still requires payment by April 15, regardless of an extension. (Kayla Bartkowski/Getty Images)
“In many cases, the total cost – including taxes, penalties, interest and professional fees – ends up being higher than if you had sought help earlier,” Steber said.
“The worst thing you can do is ignore the deadline,” he added. “Many people think they’ll deal with it later, but that can lead to mounting penalties and unnecessary financial risk.”
THE SIMPLE TAX HABIT THAT COULD SAVE YOU THOUSANDS OVER YOUR LIFETIME

Tax experts say the worst thing you can do is ignore the April 15 deadline and not pay immediately, since costs can rise quickly. (Getty Images)
Filing as soon as possible and exploring IRS payment options can help taxpayers regain control of their situation and minimize added costs.
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Steber said taxpayers should view filing as part of a long-term financial strategy, not just a once-a-year obligation.
“Your tax return is one of your largest financial transactions each year,” he said. “Giving it proper attention can pay dividends over time.”
Business
Ardagh Metal Packaging: Execution Holds, Tailwinds Build, Valuation Undemanding
Ardagh Metal Packaging: Execution Holds, Tailwinds Build, Valuation Undemanding
Business
Highest-Paid Artist in Festival History
INDIO, California — Justin Bieber emerged as the highest-paid artist at the Coachella Valley Music and Arts Festival in 2026, reportedly earning a record $10 million for his two headline performances across the event’s weekends.

The Canadian pop star’s payday, confirmed by multiple industry sources including Rolling Stone, places him at the top of Coachella’s historical compensation list. Bieber headlined Saturday nights on both the April 10-12 and April 17-19 weekends at the Empire Polo Club, performing for sellout crowds amid a lineup that also featured Sabrina Carpenter on Fridays and Karol G on Sundays — the first Latina artist to headline the desert gathering.
According to reports, Bieber negotiated the deal directly with promoter Goldenvoice without an agent, securing approximately $5 million per weekend. The figure surpasses previous benchmarks, including Beyoncé’s reported $8 million in 2018 and similar payouts for Ariana Grande, Lady Gaga and The Weeknd. Industry insiders described the sum as “north of $10 million” total, making Bieber the clear top earner among all 2026 performers.
Coachella headliners typically command mid-seven-figure fees, often around $5 million per weekend for two appearances, but payouts can vary based on negotiating power, career stage and promotional value. Bieber’s deal reflects his enduring global appeal and recent momentum from the “Swag” project, even as his set drew mixed reviews for its unconventional, laptop-driven format featuring YouTube clips and nostalgic hits.
Sabrina Carpenter, who delivered polished pop spectacles with celebrity cameos, reportedly earned around $5 million total for her two Friday headlining sets. Karol G, celebrated for vibrant reggaeton energy and historic representation, is estimated in the $5 million to $8 million range, though her team noted she invested significantly more — up to three times her fee — in production costs alone. These figures align with standard headliner rates but fall short of Bieber’s reported total.
Lower on the bill, acts like The Strokes were estimated at around $4 million, while electronic project Anyma and other mid-tier performers earned substantially less. Emerging or supporting artists often receive fees starting from $10,000 upward, highlighting the wide pay disparity across the festival’s more than 100 acts.
The compensation structure underscores Coachella’s economics. Goldenvoice, owned by AEG Presents, invests heavily in talent to drive ticket sales, sponsorships and livestream revenue via YouTube. Tickets for 2026 sold out rapidly after the September 2025 announcement, with resale prices soaring above $2,000 in some cases. The event’s cultural cachet allows it to attract top talent, but headliners bear significant production expenses that can erode net earnings.
Bieber’s set, which featured him reacting to old music videos and crowd sing-alongs, sparked debate. Critics called it low-energy or “lazy” compared to Carpenter’s high-production show or Karol G’s dynamic performance. Yet the financial upside remained undisputed. An insider told Rolling Stone that Bieber is “fully in the driver’s seat,” crediting his direct negotiation and catalog strength for the groundbreaking deal.
Festival economics have evolved since Coachella’s early days, when payouts were far more modest. Historical benchmarks include Prince earning $5 million in 2008 for one weekend and Radiohead receiving $1 million in 2004. Modern headliners benefit from the event’s growth into a global brand, with attendance exceeding 100,000 per day and massive digital reach.
Gender pay discussions surfaced in coverage of 2026. Some analysts noted that while male stars like Bieber commanded top dollar, female headliners such as Carpenter and Karol G often landed slightly lower reported figures despite strong draws and cultural impact. Industry experts attribute disparities to legacy status, streaming metrics and negotiating leverage rather than outright bias, though calls for transparency persist.
Non-headliners also earned notable sums in some cases. Past examples, such as Tyler, the Creator reportedly receiving $10 million or more in prior years, show that strong mid-bill or special projects can approach headliner territory. However, for 2026, no supporting act surpassed the headliners’ reported earnings.
The festival’s two-weekend format amplifies costs and rewards. Artists must prepare essentially identical high-stakes performances twice, factoring in travel, crew and technical rehearsals in the desert environment. Variable weather, shared staging and production limits add complexity, particularly for elaborate shows. Bieber’s stripped-down approach may have reduced his overhead while maximizing the guaranteed fee.
As the second weekend concluded on April 19, attention turned to the broader implications. Bieber’s record payday could set a new benchmark for future bookings, potentially pressuring organizers to adjust offers for legacy and streaming powerhouses. It also highlights how artists with deep catalogs and fan loyalty can command premium rates even without a fresh album cycle driving the appearance.
Coachella 2026 succeeded commercially despite debates over individual sets. Sabrina Carpenter transformed the main stage into a celebratory pop event. Karol G broke barriers with Latin anthems and guests. Additional highlights included guest appearances, art installations and viral crowd moments. Livestream viewership boosted exposure for all performers, indirectly enhancing long-term earning potential through streams, merch and touring.
For Bieber, the Coachella slot fits a strategic return to live performance after focusing on personal projects and family. His ability to negotiate directly reflects growing artist empowerment in the post-pandemic era, where superstars leverage platforms and data to bypass traditional agents.
Festival organizers have not commented publicly on specific payouts, maintaining that talent fees remain confidential. Goldenvoice emphasizes the event’s role in music discovery and community rather than individual compensation.
As reports of Bieber’s $10 million fee circulated widely on social media, reactions mixed pride in his achievement with scrutiny over the set’s execution. Fans defended the nostalgic format as authentic, while others questioned whether the paycheck matched the onstage energy.
The episode underscores Coachella’s dual nature as both a cultural phenomenon and a high-stakes business. While fans experience art, fashion and surprise moments, behind the scenes lies a complex financial ecosystem where headliners like Bieber can walk away with life-changing sums.
Looking ahead, Coachella 2027 speculation will likely include questions about who can match or exceed Bieber’s record. For 2026, however, the answer is clear: Justin Bieber earned the largest reported paycheck, cementing his status as the festival’s highest-paid performer to date.
The final weekend delivered memorable music across genres, but the financial headline belonged to the Saturday headliner whose deal rewrote the Coachella compensation book.
Business
Dalal Street Week Ahead: Sector rotation signals a need for disciplined approach
The sentiment improved progressively, aided by easing concerns and supportive global cues. The India VIX came off significantly by ~8.73% to 17.20. Nifty ended the week with a net gain of 302.95 points (+1.26%).
The broader structure remains corrective within a larger range-bound setup. While the index has staged a rebound from lower levels, it continues to face a formidable resistance zone between 24,500 and 24,700, which also aligns with key moving averages and prior supply areas. Unless this zone is convincingly taken out, the current upmove may remain a pullback within a broader consolidation. The reopening of the Strait of Hormuz is likely to lend positive sentiment, potentially leading to a firm start; however, sustainability above the mentioned resistance zone will be critical for any directional trend to emerge.
Failure to do so may result in the markets facing some broad consolidation. The coming week is likely to begin on a positive note. Immediate resistance levels are seen at 24,500 and 24,700, while supports are placed at 24,100 and 23,850.
AgenciesThe weekly RSI stands at 46.90 and remains neutral without showing any divergence against price. The weekly MACD continues to stay below its signal line, maintaining a negative crossover and reflecting a lack of strong bullish momentum. The index has formed a bullish candle, indicating a strong rebound continuing throughout the week.
From a pattern perspective, Nifty has continued with its technical rebound for the second week in a row. The index is trading below its 50-week moving average (~25,043) and around the 100-week MA (~24,503), making this zone technically significant.
The inability to reclaim these levels decisively keeps the larger trend under pressure despite intermittent rebounds. Given this setup, a cautious and stock-specific approach is advisable for the coming week. While the rebound may extend initially, the proximity to a strong resistance zone warrants restraint in aggressive long positions. Traders should focus on protecting gains, avoiding chasing rallies, and selectively participating in stocks showing relative strength.A disciplined, level-based approach would be the most prudent way to navigate the week ahead.
In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks.
Agencies
AgenciesThe Relative Rotation Graph (RRG) shows Nifty Midcap 100, Energy, Pharma, Metal, PSE, and Infrastructure Indices are inside the leading quadrant. Among these, groups like PSE and Metal are sharply giving up their relative momentum. However, collectively these groups may relatively outperform the broader markets.
The Bank Nifty, PSU Bank, Auto, and Financial Services groups are inside the weakening quadrant.
While stock-specific individual performance may be seen, the overall relative performance will continue take a back seat for these groups.
The Nifty IT and Services Sector Indices continue to languish inside the lagging quadrant. The Nifty Realty Index is also inside the lagging quadrant, but it is seen sharply improving its relative momentum against the broader Nifty 500 Index.
The Media and FMCG Indices are inside the improving quadrant.
Important Note: RRGTM chartsshow the relative strength and momentum of a group ofstocks. In the above Chart, they show relative performance against the NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.
Business
Local car dealerships growing, dying amid rise of mega auto retailers
Derek Sylvester with members of his family, team and mascot Molly, who was featured on the dealership’s logo.
Courtesy Sylvester Chevrolet
Derek Sylvester’s father built the family’s original Chevrolet dealership with his bare hands on Main Street in rural Peckville, Pennsylvania, in 1972.
The store and family have been a pillar of the village, outside Scranton, ever since. That was until late last month, when Sylvester and his family closed a deal to sell Sylvester Chevrolet to a New York-based dealer group.
“As a family, we decided this might be the time,” said Sylvester, who at 67 has been contemplating retirement. “Unless you’re a larger store, a much larger store, it’s a little bit harder to make money. … It’s just scale.”
Many of Sylvester’s family members plan to continue working at the dealership, but he said they didn’t feel they were in a position to continue running the business amid the rapidly changing automotive retail landscape in the U.S. The industry is facing a tumultuous adoption of all-electric vehicles, technological shifts such as artificial intelligence, and growing demands from automakers.
Sales of dealerships such as Sylvester Chevrolet are occurring across the country at a rapid pace as the business of selling cars, once considered the purview of mom-and-pop shops, has evolved into a lucrative trillion-dollar industry rife with consolidation that has drawn more notice from Wall Street and investors in recent years.
While the National Automobile Dealers Association, or NADA, reports that the vast majority of its U.S. franchised dealers are small business owners such as Sylvester who have fewer than six stores, the top retailers in the country have significantly grown.
The top 150 dealers sold 27% of all retail and fleet new vehicles in 2025, up from 24.3% in 2021 and 21.2% in 2015, according to Automotive News’ annual ranking of top automotive retailers. They also owned roughly a quarter of dealerships last year, up from less than 20% a decade ago, according to the trade publication.
Meanwhile, top publicly traded dealers such as Lithia Motors and AutoNation have ballooned to market caps of more than $6 billion each. Even online used-car retailer Carvana — and its $74 billion market cap, which surpasses the value of most car companies it sells vehicles from — has quietly started purchasing new vehicle franchises without disclosing its future plans.
“There’s a lot of money that wants to come to the industry,” Brian Gordon, president of dealer advisor and broker Dave Cantin Group, told CNBC. “And, generally, the industry is sort of aligned on how to value these things. That makes for a good climate for [mergers and acquisitions].”
Industry consolidation
Multibillion-dollar dealerships have been on the rise amid a decadeslong consolidation that has led to a grow-or-die mentality for many U.S. automotive retailers.
NADA, a trade association representing franchised dealers, reports the average dealership owner has between two and three stores, but the largest growth area over the past decade has been in medium-sized dealerships that own between six and 25 stores.
NADA reports 90.5% of its nearly 17,000 dealers own between one and five stores, down from 94.4% in 2016. Meanwhile, 0.2% of dealers own 50 stores or more, up from 0.1% during that time frame.
“It’s clear that it’s a consolidating industry, and it’s an industry that is going to continue to consolidate,” Gordon said. But, he added, that is happening at every level, especially the expansion of mom-and-pop shops to larger players.
Dave Cantin Group — the advisor for Matthews Auto Group, the dealer group that acquired Sylvester Chevrolet — conducts dozens of such deals a year and said it expects the pace of consolidation and mergers and acquisitions to continue to increase this year.
Matthews Auto Group is one of many regional dealership companies that has decided to expand. The family-owned company started in Vestal — in central New York, south of Syracuse — in 1973 with a single Chrysler-Plymouth store that has grown into a roughly $800 million business with 18 locations and 800 employees.
Rob Matthews, a second-generation owner and CEO of Matthews Auto Group, said the company’s decision to grow is ongoing and that it aims to be more profitable and better compete in its current markets of New York and Pennsylvania.
Matthews Auto Group CFO John Totolis (from left to right), Dave Cantin Group managing director Talon Fee, Sylvester Chevrolet President Derek Sylvester, partner Sylvester Chevrolet Neil Sylvester, Matthews Auto Group CEO Rob Matthews and Matthews Auto Group President Mark Gaeta outside Sylvester Chevrolet in Peckville, Pennsylvania
Courtesy image
“I think that’s certainly a competitive advantage. I think staying still is probably not the best play. You’re seeing continued scale,” Matthews said. “The trend is you’re just going to continue to see consolidation to allow you to stay competitive.”
That’s also why Sylvester said he wanted to sell his business, with stipulations about retaining the store’s dozens of employees — something that’s part of Matthews’ strategy when acquiring a store.
“There’s a lot of things that, because of our scale, we see we can really unlock a store like his,” Matthews said. “I think, honestly, it’s exciting in the sense that we’re just looking to give them more tools and hopefully let everyone work going forward.”
Growth of mega-dealers
Wall Street has taken notice of how lucrative and protected franchised dealerships are in the U.S. The franchised dealer system, which exists to sell new vehicles to consumers rather than automakers selling their vehicles themselves, is unique and heavily regulated.
“I think there’s endless upside. The opportunity for growth in our company is just endless,” Sonic Automotive President Jeff Dyke told CNBC during a recent interview. “I think having mom-and-pop dealers is really good for the business. The thing is, the mom-and-pop dealer is going to have to advance their thinking.”
Sonic Automotive, a publicly traded company with a market cap of more than $2 billion, has grown from 96 franchised dealership stores in 2015 to 134 to end last year. It’s also gone through a massive expansion of its EchoPark used vehicle stores and Sonic Powersports. The company’s revenue during that time jumped 58% to $15.2 billion last year.
Dealership stocks
Others, such as Lithia Motors, have been even more aggressive in growth. The Medford, Oregon-based company surpassed longstanding dealership group AutoNation to become the top U.S. new vehicle franchised dealer in 2022.
Lithia, with a $6.3 billion market cap, has executed an audacious growth plan, from $8.7 billion in revenue in 2016 to $37.6 billion last year. The company nearly tripled its new and used stores from 154 locations to 455 stores during that time frame.
John Murphy, a longtime automotive analyst who is a managing director of strategic advisory at buy-sell advisory firm Haig Partners, said he believes that dealerships remain an extremely lucrative market for investors, despite things settling down somewhat after companies saw inflated profits during the Covid pandemic.
“Structurally, there’s some real potential upside, and there is an increasing level of attention by existing capital in the dealership community as it stands right now from outside players, private equity family offices, other pools of capital on this limited number of dealers and finite number of dealers,” he said. “The earnings upside is increasing and there’s increasing attention, or demand, on the buy side of the equation.”
Mom-and-pops remain
All of that combines to make many mom-and-pop dealerships ripe for acquisition or expansion.
“There’s just so many factors that make competition for a small mom-and-pop dealership more difficult,” said Talon Fee, a managing director at Dave Cantin Group who led the sale of Sylvester Chevrolet to Matthews Auto Group. “It’s not to say that small mom-and-pop dealerships can’t continue to exist and thrive and survive, but they do need to have a plan.”
Fee and others said the top reasons for owners to sell are a lack of succession planning, a growing competitive and changing industry, and a lack of commitment to reinvest in the businesses.
“There’s a lot of outside capital that’s figured out how to come in, given the fact that you have to be an operator in order to get approved by a manufacturer,” said Gordon, of Dave Cantin Group.
But the industry is changing in other ways, as new automakers such as Tesla, Rivian and Lucid try to bypass the franchised dealer model and sell vehicles directly to consumers.
Such companies have continuously fought state laws to allow such sales, with Rivian recently winning a battle with car dealers in Washington state by threatening to take its case to voters with a ballot measure to permit direct sales.
It adds to the evolving U.S. automotive retail landscape that owners such as Sylvester and his wife, who also worked at the dealership, haven’t had to deal with in the past. It’s also something Sylvester and many other smaller mom-and-pop stores won’t have to compete with once they sell their businesses.
“I lived a great life, don’t get me wrong. But, hey, good things come to an end,” said Sylvester, who plans to spend retirement caring for a 92-acre farm in Pennsylvania. “We made a good living. You know, we helped the community out.”
Business
Fall in provisions help ICICI Bank’s net profit in Q4 FY26
Total advances increased by 16% year-on-year to Rs 15.53 lakh crore at the end of March 2026 led by a 24% growth in business banking and a 26% growth in the rural loan portfolio. Retail loans which constitute 50% of the loan book grew by 10% while corporate loans grew by 9% year on year.
NIM was little changed at 4.32% for the year ended March 2026. Net interest income (NII) or the difference between interest earned on loans and that paid for deposits, increased by 8% to Rs 22,979 crore in March 2026 from Rs 21,193 crore a year ago.
Executive director Sandeep Batra said the bank is monitoring the situation particularly due to the geopolitical uncertainties and will continue to focus on getting a higher wallet share of high quality customers.
A sharp drop in provisions contributed to the bank’s profit growth during the quarter. Provisions fell 90% to Rs 96 crore from Rs 891 crore a year ago. Batra said the large year on year fall in provisions reflected strong asset quality and healthy recoveries from the corporate book.
“Our credit costs normalised for agriculture book is under 50 basis points which is very healthy in the current environment. There were also some corporate recoveries from written off accounts during the quarter which helped,” Batra said.
Asset quality remianed stable with net NPA ratio at 0.33% on March 31, 2026 down from 0.39% a year ago. Recoveries and upgrades of NPAs, excluding write-offs and sale, were Rs 3,068 crore compared to Rs 3,817 crore a year ago. The provisioning coverage ratio on non-performing loans was 76% at the end of March 2026.As of March 2026, the bank holds contingency provision of Rs 13,100 crore and additional standard asset provision of Rs 1,283 crore made in the third quarter on Reserve Bank directions in respect of the agricultural priority sector portfolio.
Fee income increased 8% to Rs 6,779 crore in March 2026 from Rs 6,306 crore a year ago with fees from retail, rural and business banking customers constituting about 78% of total fees during the quarter.
The bank suffered a treasury loss of Rs 106 crore during the quarter reflecting the RBI restrictions of non deliverable forwards and also the sharp rise in bond yields during the month of March. The bank had reported a treasury gain of Rs 239 crore a year ago. The bank’s board has recommended a dividend of Rs 12 per share for FY2026.
Business
PrimeEnergy Resources: Buy On The Adverse News
PrimeEnergy Resources: Buy On The Adverse News
Business
In final moments before truce, Israeli strike kills Lebanese man’s family

In final moments before truce, Israeli strike kills Lebanese man’s family
Business
Brazil’s Lula calls on permanent members of UN Security Council to change behaviour

Brazil’s Lula calls on permanent members of UN Security Council to change behaviour
Business
Network18 Q4 loss at Rs 29.61 crore, revenue up 9.7% to Rs 615.78 cr
The company reported a net loss of 29.09 crore in the January-March quarter a year ago, according to a regulatory filing by Network18 Media, a subsidiary of billionaire Mukesh Ambani-led Reliance Industries Ltd.
Its consolidated revenue from operations rose by 9.7 per cent to Rs 615.78 crore in the March quarter compared to Rs 561.32 crore in the corresponding quarter in the last fiscal.
Consolidated operating revenue for the quarter increased by 9.7 per cent “despite the multiple headwinds in the macro environment. On a QoQ basis, the revenue grew 14.2 per cent,” said Network18 Media & Investments in its earnings statement.
Advertising inventory demand for the TV news industry declined by 10 per cent YoY, but Network18’s inventory grew 4.5 per cent, helping the company perform better than the industry.
“Company’s diversified portfolio, strong market positions across markets, and revenue from new businesses helped soften the impact of a weak advertising environment,” it said.
EBITDA for the quarter was Rs 30 crore with a margin of 4.9 per cent, it added.Its total expenses were at Rs 670.89 crore, up 6.47 per cent in the March quarter.
Network18 Media’s total consolidated income, which includes other income, was at Rs 616.21 crore, up 9.14 per cent in Q4 of FY26.
On a standalone basis, Network18’s loss widened to Rs 72.51 crore in the March quarter compared to a loss of Rs 69.48 crore in the corresponding quarter of the last fiscal. Revenue from operations rose by 4.85 per cent year-on-year to Rs 547.07 crore in the March quarter.
For the entire FY26, Network18 Media & Investments’ profit was at Rs 155.20 crore. Consolidated income was at Rs 2,148.46 crore for the financial year ended on March 31, 2026.
“Excluding the first quarter, which had a decline in revenue due to a high base of election-linked advertising in the previous fiscal, revenue was up 7 per cent. Operating costs grew in line with revenue, resulting in flat EBITDA,” it said.
According to the company, its “figures for the corresponding previous year are not comparable” as Indiacast Media Distribution and Studio 18 Media(Formerly Viacom 18) ceased to be a subsidiary of the Company on 14th November, 2024 and 30th December, 2024, respectively.
Network18 continues to be India’s leading TV news network, with a portfolio of 20 channels (including 14 regional channels), and the largest in terms of reach and viewership.
“The network reached over 2,305 million people a month, 35 per cent higher than the nearest competitor, and had an all-India viewership share of 13.8 per cent,” it said.
It also leads in the digital segment with its platforms – Moneycontrol, News18, Firstpost and CNBCTV18. It has over 360 million monthly users, representing 65 per cent reach in the segment, Network18 said.
Commenting on the results, Chairman Adil Zainulbhai said: “We ended the year on a positive note despite the geopolitical crisis that the world finds itself immersed in currently. In a year marked by high news flow volumes, our network has taken the lead in delivering news over noise, consistently. We are happy with the progress made on the operating front during the year and the impressive scale-up of new businesses in a short time, which is helping us diversify our revenue base.”
The company is focused on strengthening its core news business even as it expands presence in adjacent categories, he added.
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