Reserve Bank of India's (RBI) gains from foreign exchange transactions rose 52% to ₹1.69 lakh crore in the fiscal year ending March, according to its annual report released ​on Friday. RBI realises gains when it sells dollars from its foreign exchange reserves to protect the rupee. ‌RBI had reported a ₹1.11-lakh crore gain from forex trades in the previous year.

The Employees' Provident Fund Organisation (EPFO) is rolling out EPFO 3.0, allowing subscribers to withdraw provident fund savings directly through UPI and UPI-enabled ATMs. Members will be able to access 50% to 75% of their EPF balance using UPI. However, at least 25% of the total EPF contribution must remain in the account as a mandatory reserve.

Amid stock market volatility in India, affluent investors are increasingly borrowing against shares and mutual funds instead of selling holdings. The strategy allows them to access liquidity while remaining invested for a potential market recovery. Lenders such as Bajaj Finserv and Tata Capital have reported a sharp rise in demand for such loans this year.

HBL Engineering secured a ₹1,714 crore order from Chittaranjan Locomotive Works for supply, installation, testing and commissioning of On-board KAVACH Loco Equipment (Version 4.0). The contract is scheduled for execution within 12 months and strengthens the company’s presence in railway signalling and safety solutions under Indian Railways’ modernisation programme.

Lincoln Pharmaceuticals reported FY26 net profit of ₹87.89 crore, up 6.74% YoY, while total income increased 9.10% to ₹704.48 crore. EBITDA rose 5.78% to ₹131.14 crore and EPS stood at ₹43.88. The board recommended a dividend of ₹1.80 per share and the company targets ₹1,000 crore revenue within three years.

Advait Energy Transitions incorporated Advait BESS Bhesaan Private Limited with a 51% stake to expand its Battery Energy Storage System business. The subsidiary will undertake EPC and turnkey BESS projects, including development, engineering, commissioning and maintenance services. The company said the new entity will focus on captive, grid-connected and off-grid energy storage solutions.

Aureate Tradde’s ₹27.29 crore IPO comprises a fresh issue of 38.98 lakh equity shares. The company plans to utilise proceeds for working capital, debt repayment and general corporate purposes. Aureate Tradde is expanding into sodium-ion battery solutions and aims to strengthen its presence in electric mobility, energy storage and technology-driven distribution businesses.

Tiger Logistics reported Q4FY26 revenue from operations of ₹162.55 crore, up 41.97% YoY, while PAT declined to ₹2.22 crore from ₹6.44 crore. For FY26, revenue increased 7.44% to ₹572.82 crore and PAT rose 30.28% to ₹21.52 crore. The company reported FY26 profit before tax of ₹29.13 crore.

Morgan Stanley projected that AI-driven automation may cut up to 20% jobs in European banks over the next five years, while productivity could rise by 30%. The report noted that AI is increasingly used in risk analysis, document processing, and customer support. Experts warned that routine roles are more at risk, but technology-related positions may expand with AI adoption.

LIC shares fell nearly 50% on Friday after turning ex-bonus for the insurer's first-ever 1:1 bonus issue. The stock traded around ₹416 in early trade as the market price adjusted for the bonus allotment. The decline does not reflect value erosion, as shareholders will receive one additional share for every share held. This marks LIC's first corporate action since its stock market listing in 2022.