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Stocks in News

• SAI PARENTALS: The company targets the completion of its Adelaide manufacturing facility by Q4 FY27, along with 67 product dossiers currently in the pipeline.

• HG INFRA: REC Power declared the company as a qualified bidder for a 35- year Transmission Service Provider contract worth Rs 45 crore annually.

• SUN PHARMA: The company will present long-term follow-up data on UNLOXCYT at the upcoming ASCO meeting, showcasing highly durable responses.

• COAL INDIA: The government proposes to sell up to a 1% stake via an Offer for Sale at a floor price of Rs 412 per share, with an option to sell an additional 1%

• CLEAN MAX ENVIRO: Raised roughly $575 million to expand renewable projects and successfully commissioned 351.4 MWp at the Bikaner Solar Park.

• NCL INDIA: Signed an MoU with IIT(ISM) TEXMiN to conduct critical and strategic mineral exploration and research.

• NLC INDIA: The Company signed MoU with NPCIL to form joint venture for nuclear power projects in India

• RESTAURANT BRAND ASIA: Acquirers Lenexis, Aayush Trust, and Inspira announced an open offer to buy a 26% stake at Rs 70 per share to acquire operational control.

• KEC INTERNATIONAL: The Company secured new orders worth Rs 1,303 crore across its varied business segments.

• YES BANK: The NSE imposed a Rs 1 lakh penalty on Yes Securities and banned it from onboarding new clients for the next 3 months.

• ZEE ENTERTAINMENT: Announced the upcoming launch of four dedicated sports channels under the 'Unite8 Sports' brand.

Economic News

• India Stays Vigilant Amid Global Turbulence, Continues Reform Push for Growth Stability: Economic Affairs Secretary Anuradha Thakur said India remains alert and resilient amid ongoing West Asia tensions, with the government continuing economic reforms and coordinated policy measures to manage global uncertainties. Despite risks from rising crude oil prices, inflationary pressures, and higher input costs for sectors due to expensive fertilisers and metals, India entered FY27 with a strong macroeconomic base, supported by robust GDP growth, healthy forex reserves of nearly $700 billion, strong domestic demand, capital expenditure, and steady rural activity. The government is also taking steps such as reducing excise duty on fuel, ensuring energy supplies, supporting MSME exporters, and pushing long-term reforms in sectors like electronics, semiconductors, AI services, renewable energy, and green hydrogen to maintain growth and economic stability.

Global News

• U.S. Consumer Confidence Slips as Inflation and Iran War Fears Weigh on Spending Sentiment: U.S. consumer confidence dipped slightly in May as inflation fears, rising fuel prices due to the Iran war, and concerns over the labor market weighed on sentiment. Lower-income households were hit hardest, leading consumers to cut discretionary spending and delay major purchases, while persistent inflation pressures continued to cloud the economic outlook.

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