Business
FIIs increase stake in Suzlon Energy for third straight quarter. What’s keeping them interested?
Shareholding data for the March quarter shows FII ownership in Suzlon Energy shares inching up to 23.9% from 23.7% in the December quarter of FY26. Their holding stood at 22.7% in the September quarter and 23% in the June quarter. Retail participation has also strengthened, with holdings rising to 26.67% from 26.20%.
The stock itself has been on a strong run, rallying about 35% over the past month. The surge in Suzlon shares comes as rising temperatures fuel expectations of higher power demand during the summer months. JM Financial has termed Suzlon an “unintended beneficiary” of the ongoing Iran-US conflict.
Expectations for the March quarter remain robust. JM Financial estimates revenue could jump 51% year-on-year to Rs 5,708 crore. EBITDA is projected to rise 54% to Rs 1,068 crore, while net profit is likely to grow 53% to Rs 888.8 crore.
Brokerages continue to remain positive on the company’s long-term outlook. Systematix points to Suzlon’s leadership in India’s wind energy space, with around a 35% share in installations and a strong order book of 6.5 GW, offering clear growth visibility. Its integrated business model spanning manufacturing, EPC, and operations and maintenance is expected to support recurring revenues and margin expansion.
The company’s improving balance sheet is another key positive. After years of high leverage, Suzlon has strengthened its financial position through deleveraging and tighter working capital management. This has enhanced its ability to bid for larger renewable energy projects.
JM Financial expects India to clock another record year for capacity additions in FY27, surpassing the 6.1 GW peak seen in FY26. It noted that Suzlon has been dealing with a widening gap between deliveries and installations. As of March 31, 2025, the company had 371 MW of sets erected and ready for commissioning, about 10% higher than installations.This gap widened to 776 MW as of December 31, 2025, or 76% higher than installations, raising concerns around execution and fresh order inflows. However, the brokerage expects a sharp improvement in commissioning during the first half of FY27, which could boost cash flows and trigger a new cycle of orders.
JM Financial has retained its ‘Buy’ rating on the stock with a target price of Rs 64. This implies an upside potential of over 30% from the previous closing price of Rs 49.13.
At about 12:15 pm, Suzlon Energy shares were trading 0.5% lower at Rs 54.33 on the BSE.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Fanatics, NFL announce exclusive partnership for on-site retail at key events
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As the 2026 NFL Draft is set to kick off, Fanatics and the NFL announced an exclusive, multi-year partnership where the global sports platform will be the league’s official on-site retail partner at marquee events like the one set for Thursday night in Pittsburgh.
Fanatics will be bringing its on-site retail expertise to marquee global events, including the Super Bowl, NFL Kickoff, NFL International Games, NFL Flag Championships, NFL Scouting Combine and the Pro Bowl Games.
This marks the first time both sides have come together to impact on-location retail at the Super Bowl and NFL Draft, the latter of which seeing a fun activation for all fans watching their favorite teams draft the future over the next three days.
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The 2026 NFL Draft Theater stage at Acrisure Stadium on April 23, 2026. (Kirby Lee/Imagn Images / IMAGN)
Fanatics will be operating more than 10 retail locations throughout the draft footprint in Pittsburgh, headlined by a massive, 13,000-square-foot NFL Shop flagship tent. The footprint will also include satellite trailers, stadium concourse locations and more all conveniently located throughout the North Shore of Pittsburgh, which includes Acrisure Stadium and Point State Park.
There will be more than 250 products from brands like Nike, New Era, Mitchell & ness, Topps, ’47, Homage, Yeti and many more as part of Fanatics’ on-location retail system with the league.
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And even better, for the first time ever, fans at the draft will be able to order a special jersey for any first-round pick moments after that player is selected, with jerseys produced entirely on-site. The jerseys will feature a 2026 NFL Draft patch, the player’s name and the number one on the back – just like the ones they will receive on stage.
“As the NFL has grown into a year-round, global event leader, Fanatics has established itself as the perfect partner to meet consumer demand for the best merchandise possible,” Casey Collins, NFL Senior Vice President of Consumer Products and Licensing, said in a statement. “We look forward to working in lockstep with Fanatics to deliver every fan a world-class retail experience during the League’s biggest moments.”
Fanatics’ expanded partnership with the NFL taps into the global sports platform’s merchandising and operational capabilities, while also showcasing its creativity with the retail footprint at these key events each year.

General view of Fanatics merchandise at the 2026 NFL Draft tent in Pittsburgh. (Fanatics / Fox News)
For example, exclusive and unique collaborations and capsule collections were created for the NFL Draft, focusing on the rich history of Pittsburgh. The “Bridge to Greatness” is a Fanatics curated assortment of premium workwear-inspired T-shirts, hoodies, quarter-zips, and coaches jackets in black-on-black and Pittsburgh’s black and gold colorways, which will be available exclusively onsite for the draft. Pittsburgh-based artist Jeremy Raymer will also be hosting a live art activation, creating one-of-one pieces for the collection.
Mitchell & Ness also created a Mac Miller tribute collection for the late Pittsburgh music icon, which includes jerseys, T-shirts, hoodies and hats. From Homage’s tributes to the beloved Primanti Brothers and Mr. Rogers institutions, to designer John Geiger’s collaborations with Fanatics and New Era, the draft will have it all for those in the great city of Pittsburgh as well as those traveling to witness their rookie selections become a part of their team in person.
“Fanatics and the NFL have built a truly collaborative, cross-functional business together, and this partnership is a testament to that growth and a look to the future,” Gary Gertzog, Fanatics President of Business Affairs, said in a statement. “The League is reaching more fans across more countries each year, and we believe that our global scale and expertise in merchandising and retail operations set us up perfectly to super-serve the fan experience across these coveted, marquee sports moments.”

Steelers merchandise at the onsite Fanatics retail tent ahead of the 2026 NFL Draft. (Fanatics / Fox News)
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Fanatics was already the official e-commerce partner of the NFL, but this partnership significantly expands their work together, impacting the millions of fans in the States and beyond to deliver an unparalleled fan experience during football’s greatest events.
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United Airlines raises ticket prices up to 20% amid Iran war fuel surge
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United Airlines warned Wednesday that the company is raising ticket prices by as much as 20% as it grapples with surging jet fuel costs driven by the war in Iran.
The alarming notice came during the company’s quarterly earnings call, where CEO Scott Kirby said the airline is aiming to “recover 100% of the increase in jet fuel prices as quickly as possible.”
“Sell-in yields for all future travel are now up 20% year-over-year,” Executive Vice President and Chief Commercial Officer Andrew Nocella said, indicating that customers are already booking future flights at prices roughly 20% higher than last year’s levels.
Kirby added that yields likely need to remain near that range to achieve long-term profit margins.
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Customers of United wait in line to check in at Newark International airport in New Jersey, November 15, 2012. (REUTERS/Eduardo Munoz / Reuters)
“Yields need to increase by about 15% to 20%, and we are assuming that fuel may remain higher for longer,” he said.
The CEO added that higher prices are expected to dampen overall demand, but noted there have been no signs of decline yet following earlier fare and baggage fee increases implemented since the war began.
“We believe we have the ability to pass on the increase in fuel due in large part to our brand loyal customers, continued demand strength and preference to fly United even at higher fares,” Executive Vice President and Chief Financial Officer Michael Leskinen said.
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The United Airlines plane takes off from an airport. ((Photo by Tayfun Coskun/Anadolu Agency via Getty Images) / Getty Images)
“At this point, we can tell you that the price increases are going well and demand is hanging in there really strong,” Nocella added.
The airline has already implemented five broad price increases since January mostly to offset higher fuel costs, according to the call.
While ticket yields were up just 4% year over year in January and February, they reportedly climbed to 12% in early March, 18% later that month, and have now reached 20% for all future travel.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UAL | UNITED AIRLINES HOLDINGS INC. | 91.25 | -0.46 | -0.50% |
United further attributed its “robust” demand to a strong base of brand-loyal customers and continued strength in premium and business travel.
Kirby also suggested that if demand does soften, the carrier may respond by supplying fewer seats to the market.
Management noted that the longer fuel prices remain elevated, the more likely higher ticket prices are to become permanent across the industry.
UNITED AIRLINES CHECKED BAG FEES CLIMB $10–$50 AS FUEL PRICES NEARLY DOUBLE SINCE IRAN WAR

United Airlines CEO Scott Kirby speaks during a joint press event in North Charleston, South Carolina, on Dec.13, 2022. (LOGAN CYRUS/AFP via Getty Images / Getty Images)
Fuel costs have surged to multi-year highs following the outbreak of the U.S.–Israel conflict with Iran on Feb. 28, which disrupted roughly 20% of global oil flows passing through the Strait of Hormuz.
As of Wednesday, jet fuel in major U.S. markets averaged $4.23 per gallon, up nearly 70% from levels seen before the war began, according to Argus data published by Airlines for America. At one point in early April, prices reportedly surged more than 95% to $4.88 per gallon.
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In response, multiple major airlines have launched efforts to mitigate rising operating costs, including increasing baggage fees and consolidating flights by canceling select routes.
United Airlines specifically raised checked bag fees by $10 to $50 earlier this month.
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Costco shoppers warned to stop using popular product over safety issue
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Heated socks sold at Costco have been recalled after customers reported burn injuries, according to the Consumer Product Safety Commission (CPSC).
The 32 Degrees Heated Socks were sold in medium, large and extra large. The CPSC report said when the socks are worn during “high intensity activities” they pose a potential burn hazard.
According to the CPSC, there were 14 reported heat-related incidents with the socks, and 13 of them involved first- or second-degree partial thickness burns.
The CPSC did not specify whether the issue stems from the battery pack, heating elements or prolonged heat exposure.
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A shopper loads items into a vehicle at a Costco store in Vallejo, Calif., May 29, 2025. (David Paul Morris/Bloomberg / Getty Images)
About 207,806 packs of socks were recalled.
The affected socks were sold at both Costco retailers and online at Costco.com from August 2025 through March 2026, ranging from $30 and $46 in price.
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Heated socks sold at Costco were recalled after customers reported burn injuries. (CPSC / Unknown)
A spokesperson for Costco did not immediately respond to FOX Business’ request for comment.
Consumers are urged to stop using the socks immediately and return them to Costco for a full refund. For additional information, customers can contact 32 Degrees toll-free at 833-997-2452 from 9 a.m. to 5 p.m. ET Monday through Friday, email recall@32degrees.com or visit the company’s website and click “Sock Recall” under the Support section.
The recall underscores a broader concern with heated wearable products, where items marketed for everyday comfort can pose risks when used in real-world conditions.
Since consumers increasingly rely on battery-powered apparel during active use — from outdoor work to exercise — the reported injuries highlight a potential gap between how these products are expected to perform and how they actually function under higher-intensity activity.
The recall comes as Costco has faced other recent product safety issues, including a Generac portable generator sold through the retailer that was recalled over fire risks.
Fox Business’ Bradford Betz contributed to this report.
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