Kia is recalling more than 6,000 vehicles because of a seatbelt malfunction that could increase the risk of injury in the event of a crash.

The recall potentially affects 6,264 2027 Kia Telluride and Kia Telluride Hybrid models, according to a notice from the National Highway Traffic Safety Administration. The affected vehicles include 4,367 Telluride Hybrid models manufactured from March 24 through May 12, 2026, and 1,897 gas-powered Telluride models manufactured from March 24 through May 10, 2026.

Kia learned that the “driver seat belt emergency locking retractor (ELR) may lock” when the driver attempts to extend the seat belt webbing in certain Kia Telluride vehicles, preventing the seat belt strap from extending, according to the notice.

MORE THAN 1 MILLION JEEP VEHICLES RECALLED OVER FIRE RISK AS OWNERS WARNED NOT TO PARK INSIDE

“An unavailable occupant restraint increases the risk of injury to an unbelted driver in the event of a collision,” the notice reads.

The cause of the defect is believed to be connected to an “incorrect vehicle sensor” that was installed in certain driver seatbelt assemblies by one of Kia’s suppliers. NHTSA said the issue was due to a supplier error.

SUBARU RECALLS NEARLY 70,000 SUVS AFTER MOONROOF PANELS DETACH WHILE DRIVING

Because of this, the vehicles are not in compliance with the requirements of Federal Motor Vehicle Safety Standard No. 209, “Seat Belt Assemblies.”

No other Kia vehicles are equipped with the defective retractor. NHTSA’s report estimates that 1% of the recalled vehicles may have the defect.

Vehicle owners affected by the recall will be able to take their cars to a Kia dealer to have dealers replace the seat belt assembly at no cost. Kia’s number for this recall is SC372.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Owner notification letters are expected to be mailed out on July 31. Vehicle Identification Numbers involved in the recall are expected to become searchable on NHTSA.gov beginning June 16, 2026.

As many as three Tata Group companies, including Tata Chemicals, Tata Elxsi and Tata Investment Corporation, have set June 10 (Wednesday) as the record date for their respective dividends cumulatively worth Rs 89.4, effectively making today the last day for investors to buy their shares to be eligible for the rewards.

Under market regulator SEBI’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. This effectively makes today the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (June 10), making them eligible for the dividends.

Tata Chemicals dividend

Tata Chemicals in May had announced a dividend of Rs 11 per share (110%) with a face value of Rs 10 each, subject to shareholders’ approval at the firm’s upcoming Annual General Meeting scheduled for June 26.
The company has declared 30 dividends since June 2001, and currently has a dividend yield of more than 1.5%, according to data on Trendlyne.

Tata Chemicals shares have fallen more than 3% in one week and 9% in one month. The shares have declined 24% in one year, 29% in three years and 5% in five years.

Also read: Bonus issue alert! This smallcap company announced a 2:5 bonus issue. Do you own?

Tata Elxsi dividend

Tata Elxsi announced a dividend of Rs 75 per share (750%) with a face value of Rs 10 each in April this year. This too is subject to shareholders’ approval at the company’s upcoming Annual General Meeting scheduled later this month

The tech company has declared 27 dividends since June, 2001, and has a dividend yield of 1.76%, according to data on Trendlyne.
Tata Elxsi shares have fallen over 1.5% in one week, 2% in one month and 19% in 2026 so far. The stock tumbled 34% in one year and 46% in three years, but it has gained over 13% in five years.

Tata Investment Corporation dividend

In April, Tata Investment Corporation’s board of directors recommended a dividend of Rs 3.40 per share (340%) with a face value of Rs 1 each. This dividend will be paid after the firm’s Annual General Meeting (AGM) scheduled for July 1.The company has declared 31 dividends since September, 2000 and has a dividend yield of 0.41%, adjusting for bonus and stock splits, according to data on Trendlyne.

Tata Investment Corporation shares have fallen 4% in one week and 10% in one month. The stock declined more than 5% in one year, but gained 177% in three years and 462% in five years.

Also read: Infosys, Adani Enterprises, Trent among 44 stocks going ex-date for dividends, stock splits, bonus issues this week. Do you own any?

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

NEW YORK — Savannah Guthrie, co-anchor of NBC’s “Today” show, did not hire private investigators or spend $500,000 on outside help in the search for her missing mother Nancy Guthrie, according to new reporting that corrects earlier speculation as the investigation into the 84-year-old’s February abduction enters its fifth month.

NewsNation senior national correspondent Brian Entin confirmed Tuesday that the reports circulating last month were inaccurate. “I’ve now confirmed that is not true. Savannah Guthrie did not hire private investigators, she did not spend $500,000 on private investigators,” Entin said on “Jesse Weber Live.” “It seems she still has confidence in the FBI and the local detectives who are investigating.”

The clarification comes amid ongoing efforts by federal and local authorities to solve the high-profile case. Nancy Guthrie was reported missing from her home in the Catalina Foothills area near Tucson, Arizona, on Feb. 1, 2026. Investigators believe she was abducted in the early morning hours, citing evidence including her pacemaker data, doorbell camera footage of a masked figure, and other forensic indicators.

No arrests have been made, and no suspects have been publicly identified. The Pima County Sheriff’s Department and the FBI continue to lead the investigation, pursuing thousands of tips and analyzing physical evidence, including DNA samples. FBI Director Kash Patel noted last week that approximately 150 agents are involved.

Savannah Guthrie has remained vocal in her public appeals for information. In a recent Instagram Story, she expressed her anguish, writing, “Oh my, my soul it cries out, soul, it cries out,” while urging whoever took her mother to “bring her home.” The family continues to offer a substantial reward, reported at up to $1.1 million or more including contributions, for information leading to Nancy Guthrie’s safe return.

The case has drawn intense national attention, with developments closely followed by media and the public. Earlier unconfirmed reports had suggested Guthrie might have supplemented official efforts with private resources, but Entin’s confirmation indicates reliance on law enforcement remains central.

Authorities have acknowledged no major breakthroughs in recent weeks, though forensic work and tip evaluation continue. Physical evidence from the home, including potential DNA, is still under examination. The investigation has involved extensive searches of the surrounding area and appeals to the public for any relevant security camera footage or observations from the weeks prior to the disappearance.

Nancy Guthrie, a mother of three, was last seen the evening of Jan. 31 after family activities. Her pacemaker reportedly disconnected around 2:28 a.m. on Feb. 1, helping establish a timeline. Doorstep camera footage captured a masked, armed individual tampering with the device, adding to the suspicion of foul play. Her phone and medications were left behind, unusual for a voluntary absence.

The family, including Savannah Guthrie and her siblings, has consistently expressed hope while grappling with the prolonged uncertainty. Savannah returned to her anchoring duties in April after initially stepping away, balancing professional responsibilities with personal grief. In recent interviews, she spoke of holding both sadness and joy for her children’s sake and finding strength through faith and work.

Pima County Sheriff Chris Nanos has previously stated confidence that an arrest will eventually be made, emphasizing the active nature of the case. Challenges include the volume of tips, the need for thorough forensic processing and the complexities of a potential targeted or opportunistic abduction.

Public tips remain crucial. Authorities urge anyone with information to contact the FBI at 1-800-CALL-FBI or the Pima County Sheriff’s Department at 520-351-4900. The case has highlighted the difficulties in missing persons investigations, particularly those involving potential abductions of vulnerable adults.

Broader context in the Tucson area includes community vigils and support for the family. The high-profile nature, tied to Savannah Guthrie’s visibility as a national television personality, has amplified media coverage but also brought scrutiny to investigative pacing. Officials maintain methodical progress despite limited public updates.

The denial of private investigator involvement refocuses attention on official channels. Legal and investigative experts note that families sometimes engage external help in cold or stalled cases, but in this instance, confidence in federal and local resources appears intact. Ongoing DNA analysis and digital forensics could still yield leads.

For the Guthrie family, the emotional toll persists. Savannah’s public statements reflect a mother’s determination mixed with daily heartache. Colleagues and friends have offered support, with co-hosts providing space for her to share when ready. The case serves as a reminder of the human stories behind missing persons statistics.

As summer approaches, the investigation continues without a clear resolution timeline. Experts in abduction cases stress the importance of sustained public awareness, as tips can emerge months or years later. The reward fund remains a key incentive for potential informants.

Nancy Guthrie’s disappearance has prompted discussions on home security, elder safety and rapid response protocols. Neighborhoods in the Catalina Foothills have reviewed surveillance and community watch efforts in light of the incident.

Savannah Guthrie’s latest social media plea underscores the family’s unwavering hope. While the correction about private investigators clarifies one aspect of the narrative, the core focus remains finding Nancy and bringing answers to her loved ones. Law enforcement continues to treat the matter as an active abduction investigation.

The coming weeks may bring further updates as forensic results mature and additional tips are vetted. For now, the Guthrie family and authorities appeal for continued vigilance from the public. Anyone with even seemingly minor information is encouraged to come forward, as it could prove pivotal in resolving the case.

Shares of Rail Vikas Nigam Limited (RVNL) surged as much as 3.18% on Tuesday, touching an intraday high of Rs 235.50 after the company announced a fresh order win worth Rs 221.33 crore from South East Central Railway.

In a regulatory filing, RVNL announced that it has secured a Letter of Acceptance (LoA) for a signalling and infrastructure upgrade project in the Bilaspur Division of South East Central Railway.

The project involves the replacement of conventional Panel Interlocking systems with advanced Electronic Interlocking technology across multiple stations, including BSPR, KLPG, ABKP, MZH, HRV, PRDL, KTMA, BJRI, KJZ, MDGR, CHRM, GTK, KLTR, PLAU, and KBS. The scope of work also includes installation of indoor and outdoor signalling equipment, construction of OFC huts, development and electrification of S&T service buildings, and associated cabling works in adjoining railway sections.

The contract has been awarded by South East Central Railway, a domestic entity, under the Engineering, Procurement, and Construction (EPC) model. The project is scheduled to be executed within 730 days.

The total contract value stands at Rs 221.33 crore. RVNL clarified that neither the promoter group nor any group companies have any interest in the awarding entity, and the contract does not fall under related-party transactions.

The latest order win further strengthens RVNL’s robust order book and reinforces its position as a key player in India’s railway infrastructure modernization drive. Investors cheered the development, driving the stock higher during Tuesday’s trading session.

Share Price Trend, Valuation & Technical Outlook

Despite Tuesday’s rally, RVNL’s stock has been under significant selling pressure in recent months. The railway PSU has corrected nearly 25% over the past month, while investors have seen the stock decline by around 47% over the last one year, highlighting the sharp erosion in market value from its peak levels.
The company currently commands a market capitalization of ₹47,586 crore. RVNL’s shares have witnessed considerable volatility over the past year, with the stock hitting a 52-week high of ₹442.80 and a 52-week low of ₹227.01.From a valuation perspective, the stock trades at a Price-to-Earnings (P/E) ratio of 54.4 and a Price-to-Book (P/B) ratio of 4.85, indicating that investors continue to assign a premium valuation despite the recent correction.

Also read: Wipro’s Rs 15,000-crore buyback opens June 11; entitlement ratio and key details announced

On the technical front, indicators suggest the stock may be approaching a critical zone. The 14-day Relative Strength Index (RSI) stands at 19, well below the 20-mark that is typically considered deeply oversold territory. Such readings often signal that selling may have become excessive and could pave the way for a technical rebound if buying interest returns.

Advertisement

However, caution remains warranted. RVNL continues to exhibit a weak trend structure, with the stock currently trading below all eight of its key Simple Moving Averages (SMAs), a sign that bears still maintain control over the broader price trend.

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

Seagate Technology Holdings plc shares have delivered exceptional returns in 2026, fueled by robust demand for high-capacity data storage solutions driven by artificial intelligence infrastructure expansion, prompting analysts to maintain overwhelmingly positive recommendations and raise price targets amid record margins and revenue growth.

The storage solutions leader, known for its hard disk drives essential to cloud computing and hyperscale data centers, reported strong fiscal third-quarter 2026 results in late April, with revenue reaching $3.11 billion, up 44% year-over-year, and non-GAAP diluted earnings per share of $4.10, exceeding expectations. Gross margins hit record levels around 47%, reflecting operational efficiency and favorable product mix shifts toward higher-value AI-related storage.

As of early June 2026, the stock has climbed dramatically year-to-date, trading near all-time highs despite occasional pullbacks from profit-taking and insider sales. Wall Street consensus remains firmly in the Buy camp, with roughly 20 out of 25 analysts recommending purchase and price targets averaging around $870, with highs reaching $1,150.

Seagate’s performance benefits from the explosive growth in AI workloads, which require massive amounts of storage for training and inference. The company’s heat-assisted magnetic recording (HAMR) technology positions it as a leader in next-generation high-density drives, offering advantages in capacity and cost per terabyte that competitors struggle to match at scale.

Recent analyst actions underscore confidence. Mizuho raised its price target to $1,090 from $875, while BofA increased to $1,000 from $900 and Citi to $1,150 from $740, citing strengthening storage demand and margin outlook. Barclays and Wells Fargo also lifted targets, reflecting sector-wide optimism around AI tailwinds.

“Seagate is poised for continued growth with strong demand in both Data Center and Edge/IoT revenue, as well as the implementation of HAMR technology,” analysts noted in consensus commentary.

The company’s fiscal 2026 trajectory shows accelerating momentum. Earlier quarters reported revenue of $2.63 billion in Q1 and $2.83 billion in Q2, with consistent margin expansion and free cash flow generation supporting dividends and share repurchases. Seagate increased its quarterly dividend to $0.74 per share and has returned substantial capital to shareholders.

Despite the rally, risks remain. The stock experienced an 8% drop in mid-May following CEO comments on capacity expansion timelines, highlighting execution challenges in a cyclical industry. Insider selling by executives, including the CEO, has drawn attention, though such activity often occurs during strong performance periods.

Seagate also reached a $175 million settlement over Huawei-related litigation, providing closure on a lingering issue without materially impacting operations. The company continues to navigate geopolitical tensions affecting global supply chains.

For investors weighing buy or sell decisions in the second half of 2026, the bull case centers on sustained AI investment by major cloud providers. Hyperscalers like Amazon, Microsoft and Google are expected to ramp data center builds, driving multi-year demand for Seagate’s enterprise drives. Analysts project further revenue growth and margin stability as HAMR volumes increase.

Valuation metrics show the stock trading at elevated multiples compared to historical averages, with forward price-to-earnings around 20x amid strong growth forecasts. However, compared to peers in the memory and semiconductor space benefiting from similar AI trends, Seagate’s valuation appears reasonable given its cash flow profile and dividend yield.

Bears point to potential cyclical downturns if AI spending moderates or economic conditions tighten. Competition from Western Digital and solid-state drive alternatives could pressure pricing, though HDDs maintain dominance for bulk storage. Balance sheet leverage and sensitivity to commodity prices add volatility.

Longer-term forecasts for 2026 and beyond remain constructive. Some models project prices exceeding $1,000, contingent on execution and market conditions. The next earnings report, expected in late July, will provide further clarity on guidance and AI momentum.

Seagate’s strategic focus on mass-capacity storage aligns with secular trends in cloud, big data and machine learning. The company’s Singapore headquarters and global operations support efficient manufacturing, while investments in research and development bolster its technological edge.

Market sentiment has improved markedly in 2026, with the stock benefiting from broader technology sector enthusiasm. Trading near the top of its 52-week range and above key moving averages, momentum indicators favor continuation, though overbought conditions warrant caution for short-term entries.

For retail investors, Seagate offers exposure to the critical infrastructure underpinning AI without the extreme valuations of some pure-play semiconductor names. The dividend provides income alongside growth potential, appealing to balanced portfolios.

Analysts emphasize monitoring quarterly results for signs of sustained demand. Key metrics include data center revenue trends, gross margin trajectory and management commentary on capacity and pricing. Positive surprises could drive further upside, while shortfalls might trigger corrections in this high-beta name.

Broader industry context supports optimism. Peers like Micron have achieved trillion-dollar market caps on memory demand, underscoring the value of storage in the AI ecosystem. Seagate’s role as a foundational supplier positions it well for multi-year tailwinds.

Risk management remains essential. Investors should consider position sizing given volatility, diversification across technology subsectors and awareness of macroeconomic factors influencing capital expenditure cycles. Dollar-cost averaging on dips could mitigate timing risks.

Seagate Technology’s transformation from a traditional hard drive manufacturer to a key enabler of the AI revolution has resonated with investors and analysts alike. With strong fundamentals, technological leadership and favorable secular trends, the consensus leans toward buying or holding shares for 2026, though careful monitoring of execution and market dynamics is advised.

As the company prepares for its fiscal fourth quarter and full-year results, attention will focus on whether AI momentum can offset any cyclical pressures. For now, the trajectory points to continued strength in a data-hungry world.

Zentia, which has two sites in Gateshead, is a former North East Business Awards winner

Scores of jobs have been lost at a Gateshead ceiling manufacturer which has been placed into administration amid challenging trading.

Zentia – formerly known as Armstrong Ceiling Solutions until a rebranding exercise when it was acquired in 2020 – employs a significant number of staff across two facilities in Gateshead, where it manufactures ceilings for contractors, architects and interior designers across the UK.

However, in common with a number of other companies operating across the building and construction supply chain, the firm’s two companies – Zentia Limited and Zentia Profiles – have battled challenging trading conditions recently, with the adverse impact of high energy prices impacting production costs. Zentia, which claimed the Made in Britain Award at the North East Business Awards in 2023, also saw sales fall lower than forecast.

Now Will Wright and James Lumb of Interpath have now been appointed joint administrators to Zentia Limited and Zentia Profiles Limited, with both citing the firms’ prolonged struggle against adverse trading conditions.

A statement from Interpath details how, in response to the deteriorating situation, the company’s directors took measures to stabilise its financial position, including securing a £6.5m capital injection from the shareholder last year, before subsequently exploring potential sale options.

However, with no solvent resolution available, the directors were left with no alternative but to place the business into administration. Following the appointment of joint administrators, production at the company’s two Gateshead sites has come to a halt. The vast majority of the workforce has been made redundant, leaving approximately 170 employees without work. A small number of staff have been retained by the joint administrators to support them in carrying out their duties, reports Chronicle Live.

James Lumb, managing director at Interpath and joint administrator, said: “Zentia has a rich history in the North East, stretching back more than 100 years, and so it’s a tremendous shame that the difficulties facing many businesses in the construction supply chain have resulted in it falling into administration. First and foremost, our thoughts are with the companies’ dedicated staff who have been impacted by redundancy. As a matter of priority, our teams will be providing support to them over the coming days.

“Additionally, we will now be seeking a sale of the companies’ business and assets, including its residual stock, and would encourage any interested parties to make contact with us as soon as possible.”

Interested parties are urged to get in touch with the administrators at zentia@interpath.com.

Just five years ago, the Team Valley tile group — which has also featured amongst the North East’s Top 200 largest companies — was creating new jobs by bringing its manufacturing processes in-house, backed by a £12m finance facility. The company has supplied mineral fibre tiles and grids for suspended ceilings to a range of properties, including offices, schools and hospitals.

It has also played a role in numerous prominent projects across the UK, among them the transformation of Harton Technology College in South Shields and the renovation of Kings Church in Amersham.

This article was written by

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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.

The Newcastle-based housebuilder has seen lower demand in recent weeks after a brighter spring period

Housebuilder Bellway has warned of an uncertain future for the housing market as global issues hit confidence among potential buyers.

The Newcastle-based firm has issued a trading update for the period from February to May in which it said previous guidance on profitability remained. It said spring trading had improved on the picture seen last autumn.

But it highlighted a slowing of customer demand in recent weeks which has been matched by its own caution in land buying. Reservations have fallen on the levels seen during the same period last year.

Bellway added that it was seeing increasing costs from some suppliers as fuel prices and other inflationary pressures weighed on companies. It said that it was “actively managing cost pressures through a combination of disciplined procurement, the introduction of new standard house types, and close control of site production and overheads.”

Chief executive Jason Honeyman said: “Bellway continues to perform robustly in an increasingly challenging market, with customer demand having moderated in recent weeks, after a positive start to the spring selling season. Notwithstanding this, and supported by our forward order book, we are on track to deliver FY26 underlying operating profit within the previously guided range of £320m – £330m.

“The outlook beyond the current financial year remains uncertain, reflecting ongoing geopolitical tensions in the Middle East and a less predictable domestic political environment. Against this backdrop our clear focus on self-help and drive for capital efficiency provides resilience while supporting our strategy to increase cash generation and shareholder returns.”

Bellway said its private reservation rate had decreased by 6.2% to an average of 151 per week while its forward order book had also fallen slightly, to 5,345 homes. Bellway said its land investment “remained disciplined and highly selective” and it was looking to add plots in areas of higher customer demand.

But despite pressures in its market, Bellway is continuing with a £150m share buyback programme launched last year and has increased its interim dividend.

The update said: “We are reiterating our guidance for FY26 volume output of between 9,300 and 9,500 homes, and we remain on track to deliver FY26 underlying operating profit within the previously guided range of £320m – £330m.

“Our industry continues to face challenging headwinds, increasing the risk of a more prolonged period of softer customer demand alongside renewed inflationary pressure on build costs. In response, we are maintaining a sharp focus on the monetisation of our well-invested land bank and work-in-progress position through FY26 and beyond to support improvements in asset turn and cash generation.”