Business
Dipan Mehta urges caution despite early signs of market rebound
“Keep your fingers crossed. If there was to be a retracement, a turnaround, a correction, it generally starts like this and then it should gather momentum and it should be trying to build on these gains,” said Dipan Mehta, Director, Elixir Equities in an interview to ET Now, while cautioning that multiple external factors still need to align. He added, “But one should keep a lookout for what the news flow is and of course, the oil prices, and if those kind of settle down, the markets can gradually make a recovery.”
Despite the early signs of stability, Mehta underscored the difficulty in calling a definitive market bottom. “I have been in this situation many times and it is very difficult to call when the bottom is formed and when is the right time to buy and when the recovery will take place, it is just that only a few weeks after it is over and done with you will come to know.” He emphasized that a structural shift in market patterns—from lower tops and bottoms to higher ones—would be the real confirmation of a sustained uptrend.
Pharma: Resilience Beyond Regulatory Noise
On Aurobindo Pharma, recent observations flagged under Form 483 are not seen as a major red flag. Mehta noted that large pharmaceutical companies today operate with diversified manufacturing bases, reducing dependence on a single facility.
“So, I do not think it is much of a cause for concern. More Aurobindo is driven more by good quarterly numbers, overall improvement in sentiment for pharma considering that it is a safe bet in such tumultuous times,” he said. He also highlighted tailwinds such as rupee depreciation and emerging opportunities in weight-loss drugs, alongside improved capital allocation discipline.
Auto Sector: Strong Long-Term Story, Near-Term Moderation
While early indicators point to a slowdown in passenger vehicle retail demand, Mehta believes this is largely a base-effect phenomenon rather than a structural issue.
“These kind of volumes are not really sustainable but nonetheless they are great long-term buys,” he said, expressing preference for companies with strong competitive moats and strategic clarity. Among his top picks are Mahindra & Mahindra and Eicher Motors, both of which feature in his model portfolio.
“Eicher Motors… one of the top auto companies, great prospects to generate growth through exports,” he said, adding that the segment faces limited disruption from electric vehicles. He also sees potential in commercial vehicle makers like Ashok Leyland and Tata Motors, anticipating a cyclical upswing.
However, he advised tempering expectations. “Investors should remain overweight auto but they should reduce their return expectations because these kind of growth rates are not sustainable.”
Real Estate: From Speculation to Cash Flow Discipline
A notable shift is underway in the real estate sector, with companies increasingly focusing on cash flows, realizations, and operational transparency.
“They are like truly consumer companies now and less and less like hedge funds,” Mehta observed, highlighting improved disclosures and business quality. He remains structurally positive, pointing to a potential multi-year upcycle, even if the near term sees some cooling.
Among preferred names are DLF and Prestige, particularly for their annuity income streams. He also flagged interest in commercial real estate plays such as WeWork and Awfis, alongside Phoenix Mills, given tight supply dynamics in office spaces.
Varun Beverages: Summer Tailwind in Focus
On Varun Beverages, Mehta remains optimistic, driven largely by weather expectations.
“What is going to drive Varun Beverages is a very-very hot summer,” he said, citing forecasts of a strong El Niño effect. “Last year was a washout because of untimely rains and not so hot summer, so I am very positive from that point of view.”
Beyond seasonal demand, he pointed to growth opportunities in Africa and diversification into new segments, including potential foray into alcohol beverages. Still, he stressed that volume growth remains the key driver.
Banking: Structural Pressures and Shifting Preferences
Mehta struck a cautious note on the banking sector, citing intensifying competition and structural headwinds.
“The banking industry is quickly becoming a red ocean and I am not sure that the industry will be able to sustain these kind of net interest margins in the medium to long term,” he said. He also pointed to rising competition from fintechs and capital markets drawing away savings.
While acknowledging that PSU banks offer value, he prefers NBFCs as a cleaner play on the lending theme. “The way to play the lending business is in my opinion through the NBFCs,” he said, naming Bajaj Finance, L&T Finance, and Cholamandalam as preferred bets.
He added that high banking sector weightage in benchmark indices itself poses a risk. “37% of Nifty’s weightage is in the bank which in itself is a risk factor… it cannot be sustained over a long period of time.”
Metals: Rally Mature, Caution Warranted
Metal stocks have delivered strong gains, aided by rising commodity prices and a weaker rupee. However, Mehta believes the easy money may have already been made.
“I think that we have seen a nice rally in metal companies… but look these companies have rallied significantly,” he said, suggesting that investors already holding positions may stay invested, but fresh entries should be timed carefully.
He warned that elevated prices across aluminium, copper, and steel could limit further upside in the near term. “From a fresh investment perspective I would wait for a down cycle.”
Business
Lightbridge Appears Attractive But Great Patience Will Probably Be Required
Lightbridge Appears Attractive But Great Patience Will Probably Be Required
Business
Charges a drag on Lamb Weston earnings

Company makes headway on updated strategy.
Business
Market feels volatile, but Food Price Index trending lower

Past cycles suggest these periods of disruption are often short-lived.
Business
MAFS 2026’s Bec Zacharia Reveals Danny Hewitt ‘Completely Cut Her Off’ After Brutal Final Vows
Married at First Sight Australia 2026 bride Bec Zacharia has opened up about the devastating end of her on-screen marriage to Danny Hewitt, revealing he “completely cut her off” days after Final Vows and left her so heartbroken she “didn’t get out of bed for six days.”

In an emotional exclusive interview published Tuesday, Zacharia described the breakup as “horrific” and “gut-wrenching,” saying she truly believed Danny was committed after weeks of private reassurances that he was falling for her. “It absolutely broke my heart,” she told reporters, detailing a brutal phone call in which Hewitt ended contact and made clear there would be no future together outside the experiment.
Zacharia, 32, and Hewitt, whose full name has been reported as Danny Hewitt in some coverage, were one of the more complex pairings of the season. Their journey included fiery arguments, a dramatic retreat exit, accusations involving other participants, and moments of apparent growth. Yet behind the cameras, the relationship unraveled quickly once the structured environment of MAFS ended.
According to Zacharia’s account, the couple reached Final Vows with her fully intending to continue the relationship. She expressed love and envisioned a real future. Danny, however, chose to end things on the day, delivering what she called a blindsiding rejection despite earlier off-camera comments suggesting he was developing genuine feelings. “I told him I loved him… and he dumped me,” she said. “I really believed him.”
Emotional Fallout and Radio Silence
The immediate aftermath proved crushing. Zacharia returned home in tears and spiraled into deep distress. “I bawled my eyes out the whole way home,” she recalled. For six straight days, she remained in bed, unable to face daily life as the reality of the rejection set in. “I didn’t get out of bed for six days,” she said, describing the period as one of profound heartbreak and emotional exhaustion.
Days later, a phone call from Danny delivered the final blow. In the conversation, he reportedly made it clear he was cutting off all contact and had no interest in pursuing anything further. Zacharia said the exchange left her feeling completely abandoned after investing emotionally throughout the experiment. Sources close to the production noted that Danny had privately reassured Bec multiple times that he wanted a future with her, even begging her to stay together during an earlier unaired breakup attempt following the “Grass is Greener” challenge.
Insiders told outlets including Refinery29 Australia and Chattr that Danny appeared more interested in the fame aspect of the show than in building a lasting romance. “He was clearly not into Bec from the get-go,” one source claimed, though footage and comments showed mixed signals, with Danny telling her off-camera that their connection was strong and that he saw potential.
Their Rocky MAFS Journey
Bec and Danny’s time on MAFS 2026 was marked by highs and lows from the start. Early episodes highlighted tension, including a retreat drama involving a controversial toast by Bec that sparked arguments with other brides like Gia Fleur. The couple temporarily left the retreat to escape the pressure, with Danny later explaining he wanted to protect Bec and give them space to recharge.
Despite the chaos, they returned and navigated commitment ceremonies with moments of vulnerability. Bec pushed for clarity and seriousness, at one point issuing an ultimatum about not proceeding to Final Vows with someone who was only a “maybe.” Danny, for his part, spoke about his discomfort with certain conversations and accused Bec of putting him in difficult positions.
An unaired incident reportedly saw Bec attempt to end things after a heated fight during the “Grass is Greener” challenge, only for Danny to reassure her and ask her to stay, promising he envisioned a future. Viewers saw glimpses of this dynamic, with Danny sometimes appearing hesitant while Bec fought for the relationship.
Final Vows represented the climax — and for Bec, the crushing end. While she chose to stay and continue, Danny reportedly rejected her, leading to the post-experiment silence and the painful phone call.
Broader Context in MAFS 2026 Season
Bec and Danny’s story fits a familiar MAFS pattern: intense emotions forged under the spotlight often fail to translate to real-world success. The 2026 season has featured its share of dramatic splits, with only a handful of couples — most notably Stella Mickunaite and Filip Gregov — reportedly still together and even engaged as of April 2026.
Other pairings, including Rachel Gilmore and Steven Danyluk, have also ended shortly after Final Vows, highlighting the gap between the experiment’s artificial environment and everyday life. Experts on the show, including those stepping in after the passing of relationship specialist Mel Schilling, emphasized communication and realistic expectations, themes that resonated in Bec’s reflections.
Zacharia has been open about her past, including calling off a previous wedding months before filming due to an unhealthy dynamic with her ex-fiancé. Her willingness to be vulnerable on MAFS drew both support and criticism from viewers, with some praising her directness and others questioning the intensity of certain moments.
Danny has addressed aspects of the drama in media appearances, including discussions about retreat tensions and accusations involving other cast members like Gia. He has described handling pressure differently from Bec and noted the challenges of the group environment.
Life After the Split and Public Reaction
Since the breakup, Zacharia has been spotted looking subdued in public, with insiders describing her as still processing the emotional toll. She has leaned on friends and focused on self-care, though the six-day bedridden period remains a raw memory of how deeply the rejection affected her.
Social media reactions to the latest revelations have been mixed. Many fans expressed sympathy for Bec, calling the apparent mixed signals from Danny unfair and praising her for speaking out. Others debated the couple’s on-screen chemistry, with some suggesting early red flags were visible in Danny’s body language and hesitation.
Danny has maintained a relatively low profile on the specifics of the Final Vows fallout in recent interviews, though he has participated in broader discussions about his MAFS experience. Neither has issued a joint statement, and their social media activity shows no signs of reconciliation.
As reunion episodes approach, viewers anticipate more insight into the couple’s final days in the experiment and the real reasons behind the split. Bec’s interview adds another layer to the ongoing narrative, underscoring the personal cost participants often pay long after cameras stop rolling.
In a season filled with explosive dinner parties, commitment ceremony tears and surprise twists, Bec Zacharia’s candid account of heartbreak serves as a reminder of the human side of reality television. “It absolutely broke my heart,” she said — words that have resonated with many who have followed the couple’s turbulent ride.
For now, Zacharia is focusing forward, while the MAFS 2026 cast continues to make headlines as the season draws toward its conclusion on Channel 9 and 9Now.
Business
US Strikes Military Targets on Iran’s Kharg Island as Trump Issues Stark Deadline to End War
U.S. forces conducted airstrikes on dozens of military targets on Iran’s strategic Kharg Island early Tuesday, a senior U.S. official confirmed, escalating pressure on Tehran just hours before President Donald Trump’s deadline for a deal to reopen the Strait of Hormuz and end the five-week-old conflict.

The precision strikes targeted military bunkers, storage facilities, air defense systems and other installations on the island — Iran’s primary oil export hub handling roughly 90% of the country’s crude shipments — but deliberately spared oil infrastructure, according to the official and White House sources. Iranian media reported explosions and smoke rising from sites on the island in the Persian Gulf.
The operation comes as Trump warned that failure to reach an agreement by 8 p.m. ET Tuesday could result in devastating strikes on Iran’s broader infrastructure, stating “a whole civilization will die tonight, never to be brought back again” if Iran does not comply. “I don’t want that to happen, but it probably will,” he added in a Truth Social post and White House remarks.
U.S. Central Command has not immediately issued a formal statement on the latest Kharg Island action, but officials described it as follow-up or “restrikes” on sites previously hit in March. No U.S. ground troops were involved, and the strikes were carried out from the air along the northern side of the island.
Strategic Importance of Kharg Island
Kharg Island, a small but vital outpost off Iran’s coast in the Persian Gulf, serves as the country’s “crown jewel” for oil exports. The island features extensive terminals, pipelines, storage tanks and supporting military facilities used by the Islamic Revolutionary Guard Corps (IRGC) to protect and project power in the region.
Earlier in the conflict, on March 13, U.S. forces struck more than 90 military targets there, including naval mine storage, missile bunkers and air defenses, while leaving oil facilities intact “for reasons of decency,” Trump said at the time. Tuesday’s action appears aimed at further degrading Iran’s ability to sustain operations in the Strait of Hormuz, through which about one-fifth of global oil passes.
Iranian state media, including Mehr News Agency, reported multiple large explosions on the island, with some accounts claiming U.S. and Israeli involvement. Tehran has not yet provided a detailed damage assessment, but officials previously vowed retaliation for any attacks on the facility, describing it as a red line.
The strikes occurred amid a broader U.S. campaign dubbed elements of “Operation Epic Fury,” focusing on neutralizing Iran’s nuclear ambitions, proxy networks and threats to international shipping. Trump has repeatedly framed the military pressure as necessary to force Tehran back to negotiations on favorable terms, including unrestricted oil transit and verifiable limits on its nuclear program.
Trump’s Escalating Warnings and Deadline
In remarks Monday and Tuesday, Trump ramped up rhetoric, threatening to destroy Iran’s electric generating plants, bridges, oil wells and possibly desalination facilities if no deal materializes. He claimed the U.S. military could “take out” much of the country in a single night and suggested regime change could open the door to a more moderate government.
The 8 p.m. ET deadline centers on reopening the Strait of Hormuz fully and agreeing to de-escalation measures. Trump has expressed optimism that “smarter minds” in Iran could prevail but warned that continued defiance would invite overwhelming force. “We will find out tonight one of the most important moments in the long and complex history of the World,” he posted.
Administration officials stressed that the goal remains a diplomatic resolution that ensures free navigation and prevents Iran from acquiring nuclear weapons. Defense Secretary Pete Hegseth and other Pentagon leaders have coordinated closely with regional allies, including Israel, which has conducted parallel strikes.
Broader Context of the Five-Week Conflict
The war erupted in early March 2026 after escalating tensions over Iran’s nuclear enrichment, attacks on shipping and support for regional proxies. U.S. and Israeli forces have conducted extensive airstrikes on Iranian military and nuclear-related sites, while Iran has launched missiles and drones at U.S. assets and allies, causing casualties and damage.
A previous round of Kharg Island strikes in March degraded IRGC capabilities but did not halt Iran’s efforts to disrupt Hormuz traffic through mines and other means. The U.S. has deployed additional Marines and naval assets to the region, raising speculation about potential ground operations, though officials emphasized Tuesday’s action remained aerial.
Oil markets reacted with volatility to the latest strikes and Trump’s deadline. Futures prices fluctuated as traders assessed risks to global supply. Analysts warned that sustained disruption or direct hits on export infrastructure could spike prices further, affecting inflation worldwide.
Iranian officials rejected the ultimatum, insisting talks cannot proceed under military pressure and demanding an immediate end to strikes. Foreign Ministry spokespeople called the actions “aggression” and threatened that “restraint is over” if red lines are crossed. Tehran has proposed its own frameworks but maintains it will defend its sovereignty.
International Reactions and Humanitarian Concerns
Gulf allies have expressed private worries about escalation and potential retaliation against their own infrastructure, while publicly supporting efforts to secure shipping lanes. European nations and the United Nations called for de-escalation and restraint to avoid a wider regional war.
Critics, including some U.S. lawmakers and international observers, raised concerns about civilian impacts and the legality of targeting dual-use infrastructure. The administration countered that all strikes have focused on military objectives and that allowing Iran a nuclear weapon poses a greater long-term threat.
Civilian casualties have been reported in various provinces from ongoing operations, though precise figures remain disputed. Humanitarian groups urged protection of critical infrastructure like desalination plants that supply drinking water.
What’s Next as Deadline Approaches
As evening falls on April 7, attention centers on whether Iranian leaders will signal concessions or if U.S. forces will execute further strikes. Trump has indicated active talks but prepared contingency plans for “complete demolition” if demands go unmet.
Pentagon sources described the military as ready for multiple scenarios, including intensified bombing campaigns lasting hours or days. No decision on seizing Kharg Island has been announced, though experts debate the risks and benefits of such a high-stakes ground operation.
For now, the strikes on Kharg Island serve as a tangible demonstration of U.S. resolve. They reinforce Trump’s “peace through strength” approach while raising the stakes dramatically ahead of the self-imposed deadline.
The coming hours could prove decisive in determining whether the conflict de-escalates through diplomacy or enters an even more destructive phase with profound consequences for the Middle East, global energy security and international stability.
Business
Delta raises checked bag fees $10 amid jet fuel price surge
A Delta Air Lines Airbus A350 airplane lands at Los Angeles International Airport after arriving from Atlanta on March 7, 2026 in Los Angeles, California.
Kevin Carter | Getty Images
Delta Air Lines raised its fee for checked bags by $10 for tickets purchased starting Wednesday, the third major U.S. carrier to increase prices as the industry grapples with a jump in jet fuel expenses this year.
“These updates are part of Delta’s ongoing review of pricing across its business and reflect the impact of evolving global conditions and industry dynamics,” the company said in a statement Tuesday.
The changes would bring the fee to check a first piece of luggage on a domestic or short-haul international flight to $45, and $55 for a second bag. A third bag would cost $200 to check.
Last week, United Airlines and JetBlue Airways increased their checked bag fees. Other carriers often follow such pricing moves.
Jet fuel in major U.S. cities was going for $4.69 a gallon on Monday, according to Airlines for America, citing Argus data, up nearly 88% since the U.S. and Israel attacked Iran on Feb. 28. The key Strait of Hormuz shipping channel has remained effectively closed over the past month, choking off global crude and refined fuel supplies.
Delta reports first-quarter results before the market opens on Wednesday, and investors are likely to question executives on how well they are covering the surge in fuel, airlines’ biggest expense after labor. Analysts have pointed to strong demand as a salve for high fuel, but it’s not clear that carriers will be able to cover the entirety of the fuel price run-up.
Business
Worthington Enterprises: Investing To Simplify And Grow (NYSE:WOR)
The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in WOR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Geraldton airline WA's latest ransomware victim
A Geraldton-based airline has become the latest WA company to allegedly fall victim to the Anubis ransomware group, with the cyber criminals claiming to have exfiltrated 56 gigabytes of sensitive data.
Business
Cantor Fitzgerald reiterates Surgery Partners stock Overweight rating

Cantor Fitzgerald reiterates Surgery Partners stock Overweight rating
Business
Aussie shares pare early gains as Iran deadline looms
The local share market has backed off from an early rally, with oil prices inching higher before a US ultimatum to Iran to make a deal or face further attacks on civilian infrastructure.
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