Business
Buyback alert! Welspun Living announces Rs 252-crore share buyback at 30% premium. Check details
In an exchange filing, the company announced that its board of directors has approved the proposal to buy back 144 lakh fully paid-up shares of the company with a face value of Re 1 each for an aggregate amount not exceeding Rs 252 crore. This represents 6.52% of the company’s total paid-up equity share capital and 5.65% of the free reserves.
Record date for Welspun Living share buyback
The record date to determine the eligibility for shareholders who can tender shares in the buyback has been fixed on May 22.Welspun Living further said that the board has formed a buyback committee to oversee the corporate action. It has appointed DAM Capital Advisors as the manager of the buyback.
This comes after Welspun Living undertook a Rs 278 crore share buyback via the tender route back in August 2024. The buyback price for the offer was fixed at Rs 220 apiece. Share buyback refers to a corporate action where a company repurchases its own shares from existing shareholders, mostly at a premium to the market price.
Welspun Living Q4 Results
Along with the share buyback, Welspun Living on Friday announced its results for the January-March quarter of the financial year 2026. The company’s net profit declined more than 21% to Rs 104 crore in Q4 FY26, as against Rs 132 crore in the corresponding quarter of the previous financial year.The textile company’s revenue from operations, meanwhile, declined around 8% YoY to Rs 2,435 crore in Q4 FY26 from Rs 2,646 crore in the same quarter last year. EBITDA fell around 17% YoY to Rs 265 crore, while EBITDA margin contracted to 10.8% during the quarter under review.
Welspun Living share price
Despite the sharp decline in earnings, Welspun Living shares jumped 3% to trade at Rs 138 apiece on NSE after the buyback announcement, as seen at 2.20 pm. The shares of the company have gained over 4% in one week and 12% in one month. The stock is overall up 6% in 2026 so far.
In the longer term, the stock has jumped 50% in three years and 38% in five years. The company has a market capitalisation of Rs 13,200 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Form 13G Palisade Bio For: 15 May

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Zscaler: A Cloud Security Contender At An Attractive Entry Point
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ImmuCell Corporation 2026 Q1 – Results – Earnings Call Presentation (NASDAQ:ICCC) 2026-05-15
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Piper Sandler raises Biogen stock price target on drug development

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Starbucks to cut 300 US jobs, close some regional support offices
‘The Big Money Show’ co-hosts discuss Seattle Mayor Katie Wilson’s remarks dismissing millionaires leaving the city as Starbucks moves 2,000 jobs to Nashville.
Coffee giant Starbucks is slashing about 300 U.S. support roles and closing some regional support offices.
“We are taking further action under the Back to Starbucks strategy, building on our strong business momentum and working to return the company to durable, profitable growth,” a Starbucks spokesperson said in a statement to FOX Business.
Leaders have taken a hard look at their respective functions to further sharpen focus, prioritize work, reduce complexity, and lower costs. As a result, we’re eliminating approximately 300 U.S. support roles,” the spokesperson said.
The company is also closing some regional support offices.
“We are streamlining our real estate footprint including consolidating U.S. regional support office space and taking several other steps with leases and lease commitments,” the spokesperson noted.
This is a breaking news story. Please check back for updates.
Business
Grab stock hits 52-week low at $3.48 amid challenging year

Grab stock hits 52-week low at $3.48 amid challenging year
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Blake Lively and Justin Baldoni $60M Legal Battle Takes Heavy Toll on Both Stars
NEW YORK — The high-profile $60 million legal war between Blake Lively and Justin Baldoni has taken a serious emotional and professional toll on both actors, with insiders saying the bitter dispute over the film It Ends With Us has left them exhausted, isolated and navigating intense public scrutiny more than nine months after allegations first surfaced.
Sources close to both parties describe a once-collaborative working relationship that deteriorated into accusations of misconduct, smear campaigns and retaliatory lawsuits, creating what one Hollywood veteran called “one of the messiest public battles in recent memory.” The conflict, which began during production of the 2024 adaptation of Colleen Hoover’s bestselling novel, escalated into federal court filings that continue to dominate tabloid headlines and social media discourse.
Lively, 37, filed a lawsuit in December 2024 accusing Baldoni, 41, and others involved in the project of sexual harassment and creating a hostile work environment. Baldoni responded with a $60 million countersuit in early 2025, claiming Lively and her husband Ryan Reynolds orchestrated a smear campaign to damage his reputation and seize control of the film’s narrative. Both sides have denied the allegations leveled against them, with legal teams trading sharp public statements.
The Human Cost Behind the Headlines
Friends of Lively say the ordeal has been particularly draining as she balances motherhood — the couple shares four children — with the intense media spotlight. “This has affected her deeply,” one close source said. “Blake is a private person at heart, and having every detail of her professional conduct dissected publicly has been incredibly difficult.” Lively has maintained a relatively low profile since the lawsuits intensified, focusing on family while her legal team handles the public-facing aspects of the case.
Baldoni, who directed and starred in the film, has also felt the weight of the battle. Associates describe him as frustrated and determined to clear his name, but exhausted by the financial and emotional strain of prolonged litigation. “Justin poured his heart into this project,” a source familiar with his side said. “The accusations hit him hard, and fighting back has taken a real toll on his mental health and career momentum.”
The legal costs alone are staggering. Industry estimates suggest both parties have already spent millions on attorneys, public relations firms and expert witnesses. The $60 million countersuit figure includes claims of defamation, interference with contractual relations and economic harm, signaling Baldoni’s aggressive push for vindication.
Fallout in Hollywood and Beyond
The dispute has sent ripples throughout the entertainment industry. Several cast members from It Ends With Us have reportedly distanced themselves, with some choosing not to comment publicly. The film’s box office success — it grossed over $350 million worldwide — now feels overshadowed by the off-screen drama, affecting marketing efforts for potential sequels or related projects.
Public opinion remains sharply divided. Supporters of Lively point to the #MeToo movement and the importance of believing women in Hollywood, while Baldoni’s defenders argue that due process matters and that powerful couples like Lively and Reynolds can weaponize media narratives. Social media platforms continue to host heated debates, with hashtags related to the case trending periodically.
Mental health experts following the story note that high-profile legal battles often exacerbate anxiety, depression and reputational trauma for celebrities. “When your personal and professional lives collide in the courtroom, the stress is compounded,” said Dr. Rachel Goldman, a psychologist specializing in celebrity mental health. “Both Lively and Baldoni are in the public eye 24/7, which makes healing much more difficult.”
Legal Proceedings and Next Steps
The case remains active in federal court, with discovery ongoing and multiple motions filed by both sides. Lively’s team has pushed for dismissal of parts of the countersuit, while Baldoni’s attorneys argue that evidence will vindicate their client. A trial date has not yet been set, but insiders expect proceedings to stretch well into 2027, meaning the public saga could continue for years.
Both actors have paused most public promotional work related to the film. Lively has focused on smaller projects and family time, while Baldoni has leaned into his existing podcast and wellness ventures. Neither has spoken extensively about the case beyond prepared legal statements, a strategy their teams believe protects their positions in court.
Broader Implications for Hollywood
The Lively-Baldoni conflict highlights ongoing challenges in the post-#MeToo era. Questions about power dynamics on film sets, the role of intimacy coordinators, and how allegations are handled remain at the forefront. Advocacy groups on both sides of the debate have used the case to push for clearer industry standards and better protections for all parties involved in productions.
For fans of the bestselling book, the drama has tainted what was once a beloved story of resilience and love. Many readers express disappointment that the film’s important message about domestic violence has been overshadowed by the off-screen conflict.
As the legal battle continues, both Lively and Baldoni face the challenge of rebuilding their public images while protecting their families. Insiders say private settlement discussions have occurred but no agreement has been reached, with both sides dug in on matters of principle and reputation.
The $60 million lawsuit represents more than financial stakes — it has become a proxy for larger conversations about accountability, power and truth in Hollywood. For Lively and Baldoni, the personal cost appears far greater than any monetary figure. As one source close to the production summarized, “This fight has drained everyone involved. At this point, both sides just want it to end, but pride and principle keep it going.”
The coming months will likely bring more filings, potential depositions and continued media attention. For now, the two stars navigate their separate paths, forever linked by a film that promised healing but delivered one of Hollywood’s most contentious chapters in recent years. The toll, as those close to the situation confirm, has been profound on both sides.
Business
Starbucks to lay off 300 U.S. employees, close some regional offices
Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021.
Toby Scott | Lightrocket | Getty Images
Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of its ongoing turnaround.
The company said it will cut 300 U.S. jobs, adding it has started a review of its international corporate workforce. The layoffs do not affect its coffeehouse employees.
The combined severance costs and reassessment of its office space will result in restructuring charges of $400 million, the coffee chain said. Starbucks expects to record $280 million in noncash charges related to the impairment of long-lived assets and $120 million in cash charges tied to the job cuts.
“We are taking further action under the Back to Starbucks strategy, building on our strong business momentum and working to return the company to durable, profitable growth,” a Starbucks spokesperson said in a statement to CNBC. “Leaders have taken a hard look at their respective functions to further sharpen focus, prioritize work, reduce complexity, and lower costs.”
Friday’s announcement marks Starbucks’ third round of layoffs since CEO Brian Niccol took the helm. In February 2025, Niccol said that the company would cut 1,100 jobs and not fill several hundred other open positions. Seven months later, the company announced another 900 job losses for its nonretail workers as part of a $1 billion restructuring plan.
Starbucks had 19,000 U.S. nonretail workers and 5,000 international employees working in regional support operations roles as of Sept. 28, 2025, according to a regulatory filing.
During Niccol’s tenure, the company has embarked on an expensive — and fruitful — turnaround of its U.S. business. The coffee giant’s sales slumped as increased competition and more budget-conscious consumers weighed on demand for its drinks. Under Niccol, Starbucks has improved cafe operations, added buzzy new menu items, reintroduced seating to its locations and beefed up staffing at its coffeehouses.
For its latest quarter, the company reported that U.S. same-store sales grew 7.1%, fueled by a 4.3% increase in transactions. It was the second straight quarter of traffic growth for Starbucks’ U.S. cafes, signaling that the company’s comeback plan was working.
“This quarter marked a milestone for Starbucks – and the turn in our turnaround,” Niccol said in a video posted alongside the company’s fiscal second-quarter results in April.
Business
Thailand Strengthens Durian Exports to China Through Trade Delegation
Thai officials and Chinese partners are enhancing durian exports after a delegation visited eastern Thailand’s production sites, focusing on quality control and promoting consumer confidence in this key export market.
Key Points
- Thai officials and Chinese partners are intensifying efforts to boost durian exports, especially after a recent visit by a delegation to Thailand’s key durian production areas. The group included executives from Pagoda, a major Chinese fruit importer, along with media representatives and influencers.
- Led by Dr. Nopparat Buahom, the delegation toured orchards and packing facilities in Chanthaburi province, where they received briefings from the Department of Agriculture on quality control and safety standards, including Good Agricultural Practices certification and pest control measures.
- Pagoda, which operates over 6,000 retail outlets in China, imports Thai fruits valued at over 10 billion baht annually. The company plans to import 1,500 containers of Thai durian in 2026 and aims to expand its product offerings. Media coverage from the visit is being leveraged to enhance consumer confidence in China.
Thai officials and Chinese partners are stepping up efforts to promote durian exports, following a recent visit by importers, media representatives, and influencers to key production sites in eastern Thailand.
The delegation, led by Dr. Nopparat Buahom, agricultural consul at the Royal Thai Consulate-General in Guangzhou, included executives from Pagoda, one of China’s largest fruit importers, along with journalists from major outlets and online influencers. The group toured durian orchards and packing facilities in Chanthaburi province to observe production and export processes firsthand.
Officials from the Department of Agriculture provided briefings on quality control and safety standards across the supply chain, from orchard management to pre-export inspection. The delegation reviewed procedures for Good Agricultural Practices certification, testing for starch levels, pesticide residues, and heavy metals, as well as pest control measures. Participants also sampled several durian varieties and other fruits.
Pagoda operates more than 6,000 retail outlets across China and imports Thai fruit worth over 10 billion baht annually. The company plans to import about 1,500 containers of Thai durian in 2026 and is considering expanding to additional products. Media coverage and online content from the visit are being distributed across Chinese platforms to boost consumer confidence and support demand in Thailand’s largest fruit export market.
Source : Thailand Boosts Durian Exports to China With Trade Visit
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