Business
M&M profit surges 42%, but auto margins remain flat
Net profit at the tractor-to-technology group rose to ₹4,668 crore in the March quarter from ₹3,295 crore a year earlier. Revenue from operations climbed 29% to ₹54,982 crore, from ₹42,599 crore, reflecting sustained demand for Mahindra’s SUV and tractor portfolios despite a challenging macro environment.
Standalone profit surged 53% to ₹3,737 crore while revenue grew 25% to ₹39,601 crore during the quarter. The company sold 307,000 units in the March quarter, a 21% increase from a year earlier. Tractor sales surged 36% to 120,000 units. Automotive margins remained largely flat during the quarter as production constraints and supply-side bottlenecks dented profitability despite strong volume growth. The company’s auto EBIT margins inched up marginally to 10.9% in Q4 FY26, from 10% a year-ago due to operational disruptions.
Anish Shah, group MD and CEO, termed the results as a “breakthrough performance” across group companies despite geopolitical headwinds and multiple disruptions. He pointed to the strength of M&M’s diversified portfolio that allowed group to continue growing despite volatile even external conditions.
For FY26, consolidated net profit grew 32% to ₹17,099 crore and revenue climbed 25% to ₹1,98,639 crore. Standalone profit in FY26 rose 32% to ₹15,639 crore and revenue rose 25% to ₹1,47,765 crore.
On the impact of geopolitical uncertainties, Rajesh Jejurikar, executive director, auto and farm sector said, “We’ve not lost any volumes in March and April because of shortage of gas. There are other supply-side issues related to manpower that have caused some production loss.”
“On demand, most of our SUV customers are not affected by fuel price increases, but our LCV portfolio will be sensitive to inflationary pressures,” he said.The company’s EV arm, Mahindra Electric Automobile, crossed sales of 55,000 eSUVs since launch, achieving the top rank by revenue market share in the eSUV segment at 37.4% in FY26.
M&M’s board declared a dividend of ₹33 per share. CFO Amarjyoti Barua noted that strong cash generation-with a standalone closing cash balance of ₹41,159 crore-has provided flexibility for future growth. For FY27, the management guided mid-to-high teen SUV volume growth and mid- single-digit tractor industry growth, subject to geopolitical uncertainty subsiding.
Shares of M&M closed 3.4% higher at Rs3,211.65 apiece on the BSE, outperforming a 0.3% decline in the benchmark Sensex.
Mahindra bets big on AI; eyes Rs4,100 crore revenue impact in FY27
The Mahindra Group is putting artificial intelligence to work across its businesses — from the shop floor to the call centre — and its impact on profitability.
Addressing the quarterly earnings press meet, Anish Shah, group MD & CEO, said in the automotive business, AI-led initiatives are targeted to generate more than Rs 4,100 crore in revenues in FY27, enhance customer satisfaction by 2-3 percentage points, and cut new product development timelines by 10%.
At Mahindra Finance, the targets are sharper—Rs 10,000 crore in disbursements through AI-driven customer acquisition, 80% of operations running autonomously, and 75% of live loan collections AI-assisted.
On the shop floor, cameras and computer vision are being used for quality inspection; in marketing, AI is handling personalised outreach at scale. The group has also set up a two-tier oversight structure to ensure AI is deployed responsibly across all its businesses.
Business
Healthcare Stocks Can Benefit From AI, Too. But That Isn’t the Reason to Buy Them.
Healthcare Stocks Can Benefit From AI, Too. But That Isn’t the Reason to Buy Them.
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What Will SpaceX’s IPO Mean for Your Index Funds?
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Target recalls popular baby wipes after FDA finds potentially harmful bacteria
Check out what’s clicking on FoxBusiness.com.
Target is recalling several Up & Up baby wipes products sold nationwide after testing identified potentially dangerous bacteria that could cause serious infections, particularly in infants and young children.
According to a recall notice posted Friday by the U.S. Food and Drug Administration (FDA), Target is voluntarily recalling certain lots of Up & Up Fragrance Free Baby Wipes and Up & Up Fresh Cucumber Scented Baby Wipes following customer complaints about product discoloration.
FDA testing identified the presence of Burkholderia cepacia complex and Burkholderia gladioli in samples of the affected wipes.
Health officials warned that products contaminated with the bacteria could lead to serious and potentially life-threatening infections. The wipes are primarily used on newborns, infants and young children, a group considered particularly vulnerable because of their developing immune systems.
TARGET TO CUT PRICES ON 3,000 ITEMS AS INFLATION REMAINS ABOVE FED TARGET

Up & Up Fragrance Free Baby Wipes sold at Target stores nationwide are included in a voluntary recall announced June 2026. (FDA / Unknown)
The FDA said healthy individuals who use the contaminated wipes on skin with minor cuts or abrasions may develop localized infections. However, infections in immunocompromised individuals, newborns and infants could spread into the bloodstream and potentially cause sepsis or pneumonia.
The recalled wipes were manufactured by supplier Sapro Temizlik Urunleri and sold at Target stores nationwide as well as through Target.com.
Target and the manufacturer have received a number of consumer complaints and adverse event reports alleging product discoloration and symptoms including skin irritation, eye irritation and infections that may be linked to use of the wipes. The reports remain under investigation.
A representative for Target did not immediately respond to FOX Business’ request for comment.
TARGET SET TO OPEN ITS 2,000TH STORE, PLANS TO OPEN HUNDREDS MORE IN NEXT DECADE

A three-pack of Up & Up Fresh Cucumber Scented Baby Wipes is shown. Target is recalling certain baby wipes products after FDA testing identified potentially harmful bacteria in product samples. (FDA / Unknown)
The recall affects multiple sizes of Up & Up Fragrance Free Baby Wipes, including 20-count, 72-count, 216-count, 800-count and 1,200-count packages, as well as Up & Up Fresh Cucumber Scented Baby Wipes sold in 72-count, 216-count and 800-count packages.
Consumers are being urged to stop using the recalled wipes immediately and return them to any Target store for a full refund.
Target said customers seeking additional information can contact Target Guest Relations at 1-800-440-0680.
The recall is being conducted with the knowledge of the U.S. Food and Drug Administration, and Target said it is continuing to investigate the matter in coordination with the manufacturer.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TGT | TARGET CORP. | 122.57 | -1.28 | -1.03% |
According to the FDA, the affected Up & Up Fragrance Free Baby Wipes were manufactured between Nov. 7, 2025, and May 5, 2026, and carry expiration dates ranging from May 10, 2028, through Nov. 5, 2028.
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The recalled Up & Up Fresh Cucumber Scented Baby Wipes were manufactured between Dec. 29 and Dec. 30, 2025, and carry expiration dates ranging from June 29, 2028, through June 30, 2028.
A complete list of affected UPCs, manufacturing codes and package sizes is available in the FDA recall notice.
Business
Senseonics Holdings, Inc. (SENS) Shareholder/Analyst Call Transcript
Tim Goodnow
President, CEO & Director
Thanks for joining us. And as we update you folks on the Senseonics story, it’s a pretty exciting time for us. As many of you know, for those that were able to join us a year ago, we had a partnership with the PHC Corporation for the commercial activities. We’ve transitioned that since we last spoke. And it’s a pretty exciting time for us as we’ve been able to leverage that experience and that capability significantly with our strategic investment into the commercial organization. And frankly, we’re very excited with the commercial results that we’re now getting.
So obviously, the control of our destiny is very, very important, because it gives us the ability to pivot and move quick, make adjustments, expand those areas that make the most sense and frankly, leverage the internal capability. But we’ve been able to do that because, although we did the transition, we’ve essentially brought the entire Ascensia commercial organization over under Brian’s leadership, and that really has made a seamless process that we’ve been very excited to be able to execute against.
We also made the decision as part of that transition in the last year that the primary issue for growth with Eversense in a highly competitive market, but a very attractive market really had to
Business
STK: Still Has Room To Run But Isn’t As Attractive (NYSE:STK)
Financial analyst by day and a seasoned investor by passion, I’ve been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I created a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of STK either through stock ownership, options, or other derivatives. 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.
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My Bullish Call On Bank Of America Aligns With Its Seeking Alpha Quant Rating (NYSE:BAC)
As an individual investor nearing retirement I am trying to build my financial assets in order to have a fulfilling retirement. I am interested in trading both long and short; or at least using inverse ETFs, to take advantage of market declines. Having long term and short term trading strategies, proper execution of my trading plan, and absolute investing results are my goals. I see my articles as a way to keep me focused on developing winning trades. I also expect to learn much from the feedback that is provided in the comments section.
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 BAC 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
Kraft Heinz: There Are Better Options On The Table
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Rolls-Royce: The Strong Forward Trajectory (OTCMKTS:RYCEY)
Luke Pomichter is a defense and national security professional with over a decade of experience spanning intelligence operations, cyber threat intelligence, and security engineering across the defense industrial base. He holds a PhD examining investment decision behavior through a behavioral finance and is a Stanford LEAD Candidate. His research interests sit at the intersection of national security and capital markets — areas where domain expertise is rare among financial professionals and informational edge is highest. He writes on aerospace, defense, and emerging technology equities as a natural extension of his professional background and ongoing graduate work. He is pursuing the CAIA designation and holds the CISSP and multiple GIAC certifications. The author publishes independently. Views expressed are his own and do not represent any employer or affiliated institution.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of RYCEY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. 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.
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Nebius Is Priced For Flawless Delivery
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