The college said it currently subsidised more than 50% of each seat and, with further reductions for siblings, it equated to more than £150,000. It said this was not financially sustainable and would divert funds away from teaching, learning and student support. It added it would work with parents to provide support to those affected.

TUCSON, Ariz. — Pima County Sheriff Chris Nanos expressed growing confidence Monday that forensic laboratories, including the FBI’s premier facility in Quantico, Virginia, are closing in on identifying unknown DNA recovered from blood spatter at the home of Nancy Guthrie, the 84-year-old mother of NBC “Today” co-anchor Savannah Guthrie who vanished more than 100 days ago.

In his most detailed public update yet on the high-profile case, Nanos pushed back firmly against suggestions that the investigation has stalled or become a cold case, insisting that cutting-edge genetic analysis is progressing and could yield a major breakthrough soon.

“We have DNA that is unknown — who the contributor or depositor is — but I think they’re getting closer to finding out who that was,” Nanos told reporters. “When the labs tell us, ‘Hey, there’s nothing else we can do,’ well, then maybe we’ve got a problem… we’ve got a cold case. But right now, the labs aren’t telling us that.”

Nancy Guthrie was last seen on Feb. 1, 2026, after being dropped off at her residence in the Catalina Foothills area near Tucson following a family dinner. Family members reported her missing the next day. Investigators discovered blood drops on the front porch and along the pathway leading toward the street, along with signs of forced entry and a tampered doorbell camera that captured footage of a masked individual.

Multiple laboratories across the country, including the FBI’s high-tech forensic center, are now processing the biological evidence to determine whether the DNA belongs to Nancy Guthrie, a potential perpetrator, or both. The sheriff emphasized that the extended timeline for results reflects the meticulous standards required for evidence that could support criminal charges.

“It just takes a while,” Nanos said. “Nobody wants to make a false arrest. Nobody wants to falsely accuse somebody. At some point in time, someday we may have somebody in a courtroom that deserves his or her right to have a fair and impartial trial. The way you get that is through a fair and impartial investigation.”

The cautious approach has drawn both praise for thoroughness and frustration from a community eager for answers. Nanos acknowledged the public anxiety, noting, “There’s frustration because people want to know.” Yet he stressed that rushing the scientific process could jeopardize any future prosecution.

No suspects have been publicly named, though authorities previously circulated the masked individual’s description from doorbell camera footage. The sheriff has repeatedly refuted rumors of named persons of interest, including earlier unverified online speculation involving family members.

The case has captivated national attention largely because of Savannah Guthrie’s prominent role on “Today.” The television personality has made occasional emotional public appeals for information while largely stepping back from daily coverage to focus on her family. A $1 million reward offered by the family remains active for any tip leading to Nancy Guthrie’s safe return.

Forensic experts say DNA analysis from blood spatter can be complex, especially when samples are small, degraded, or mixed. Advanced techniques such as genetic genealogy and next-generation sequencing are reportedly being employed, which can take weeks or months to produce usable profiles suitable for comparison against national databases.

Sheriff Nanos highlighted the collaboration with top national forensic minds. “When you have the best minds of the country working on problems, I think they’re gonna solve them,” he said. The involvement of the FBI has added significant resources and expertise to the local investigation.

The disappearance has been treated as a suspected abduction from the outset. Extensive searches of desert areas surrounding Tucson, along with analysis of surveillance footage and tips from the public, have so far yielded no confirmed proof of life or definitive leads on Nancy Guthrie’s whereabouts.

Community response has included increased neighborhood patrols and volunteer efforts, but officials continue to urge residents to report credible information directly to authorities rather than engage in social media speculation that could interfere with the case.

Nancy Guthrie, described by family as active and independent despite her age, left behind medication and personal items, raising immediate concerns. Her vanishing has left a void in the close-knit Catalina Foothills community, where neighbors have organized vigils and continue to share memories of the longtime resident.

As the investigation enters its fourth month, the focus remains on the forensic pipeline. Sheriff Nanos and his team are balancing patience with persistence, aware that high-profile missing persons cases can sometimes resolve suddenly once DNA or other evidence aligns.

The Pima County Sheriff’s Department continues to treat the matter as an active, high-priority investigation. Anyone with information is encouraged to contact authorities or use anonymous tip lines. The sheriff’s latest comments signal measured optimism that scientific advances may soon provide the clarity the family and community desperately seek.

For Savannah Guthrie and her family, each passing day without answers brings renewed heartache. Yet the sheriff’s assurance that laboratories are making progress offers a thread of hope in what has become one of Arizona’s most widely followed missing persons cases in recent years.

The coming weeks could prove pivotal as final DNA reports are expected. Until then, investigators continue sifting through leads while the public is reminded that even small details could help bring resolution to Nancy Guthrie’s disappearance.

Shares of Indian IT companies, including Infosys and TCS, jumped up to 5% on Tuesday, extending their rebound from the previous session. The momentum in IT counters comes after a sharp correction that has dragged sector valuations closer to levels last seen during the 2008–09 subprime crisis.
The Nifty IT index jumped more than 4% to hover near 29,566 on Tuesday morning, while the broader Nifty index was trading with only marginal gains. The sectoral index has now gained more than 8% (over 2,205 points) in just three sessions.

Heavyweight Infosys shares were the top gainers on the index, jumping nearly 5% to trade at Rs 1,198 apiece on NSE. Shares of the IT major have now risen about 9% over the past three days, but remain down 27% in 2026 so far and 10% over the past month.

Coforge, LTI Mindtree, HCL Technologies, Mphasis, Persistent Systems and Tech Mahindra shares jumped around 4% each on Tuesday, while OFSS and Tata Consultancy Services (TCS) shares surged more than 3% each. Wipro shares rose over 2%.

AI shock makes IT valuations cheaper

Shares of TCS, Infosys, HCL Tech and Wipro are currently trading with price to earnings (P/E) ratios ranging between 15 and 19, nearly half of the peak valuations that these IT stocks once commanded around four years ago.

These stocks saw a sharp decline early in 2026 after AI startup Anthropic launched plug-ins for its Claude Cowork agent, which could automate tasks across legal, sales, marketing and data analysis. “We call it the ‘SaaSpocalypse,’ an apocalypse for software-as-a-service stocks,” Bloomberg quoted Jeffrey Favuzza from the equity trading desk at Jefferies as saying.
While the doomsday prophets continue to debate about the future of the IT companies following fresh AI advancements, investors were quick to analyse the cheap valuations. Additionally, a sharp decline in the rupee also helped the IT stocks, as the IT companies mostly derive their revenue in US dollars.

Goldman Sachs on Infosys

Goldman Sachs kept a ‘Neutral’ rating on the shares of Infosys, with a target price of Rs 1,290 apiece. This implies an upside potential of nearly 13% from the stock’s previous closing price. The firm, in a note, highlighted key takeaways from Infosys’ management meeting.

Despite a soft discretionary spending environment, Infosys management highlighted strength in BFSI and EURS verticals and continued strong deal wins, Goldman Sachs noted, adding that some AI-driven deflation is likely in parts of the value chain, although Infosys expects it to be offset as new TAMs open up.

Also read: Why 10 stocks suffered massive Rs 17,000 crore mutual fund selloff in April

Infosys sees scope for a partnership approach with frontier model companies as enterprises deploy AI, rather than services companies being rendered redundant due to AI adoption, Goldman Sachs further said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of defence stock Apollo Micro Systems surged over 7% to Rs 334.55 in Tuesday’s trade after the company posted a robust Q4 performance, driven by sharp growth in profit, revenue, and a strong order pipeline.

The company reported a massive 163% jump in consolidated net profit for the March quarter at Rs 36.8 crore, compared with Rs 14 crore in the same quarter last year. Revenue from operations soared 81% year-on-year to Rs 293.3 crore from Rs 161.8 crore.

For the full financial year FY26, Apollo Micro Systems delivered stellar growth across key metrics. Consolidated profit climbed 90% to Rs 107.4 crore from Rs 56.4 crore in FY25, while revenue from operations surged 61% to Rs 904.3 crore against Rs 562.1 crore a year ago.

Adding further strength to its outlook, the company’s consolidated order book stood at Rs 1,432 crore as of March 31, 2026, highlighting strong business visibility ahead.

Commenting on the performance, Managing Director Baddam Karunakar Reddy said FY26 was a “breakthrough year” for the company, marked by record revenue and profitability, the successful completion of the IDL Explosives acquisition through ADIPL, receipt of the DPIIT license for UAV manufacturing, and the company’s first export order.

He also revealed that another acquisition through ADIPL is expected to be completed before the end of the next financial year, which could further strengthen the company’s growth trajectory and business capabilities.
The stock has been a multibagger performer, rallying an impressive 141% over the past year. Apollo Micro Systems currently commands a market capitalisation of Rs 11,111 crore, while its 52-week high stands at Rs 354.70.On the valuation front, the stock trades at a price-to-earnings (P/E) ratio of 124.43 and a price-to-book (P/B) ratio of 15.69, indicating premium market valuations amid strong growth expectations.

Technically, the momentum remains bullish. According to Trendlyne data, the stock’s RSI (14) stands at 61.6, a level that suggests positive momentum without entering overbought territory. The stock is also trading above all eight key simple moving averages (SMAs), reinforcing the ongoing bullish trend.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)