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Stocks in News

• OIL INDIA: The company's subsidiary signed a Joint Venture pact with Hindustan Waste Treatment for bioenergy and sustainable waste management projects.

• LINDE INDIA: Commenced commercial production at its Air Separation Unit (ASU) at JSL Kalinganagar, set to supply 1,450 TPD of Oxygen, 1,800 TPD of Nitrogen, and 64 TPD of Argon to JSL.

• HG INFRA: The company was declared as successful bidder by REC Power for a 35-year Transmission Service Provider Contract worth Rs 115 crore annually.

• ZYDUS LIFESCIENCES: The US FDA granted Priority Review to the company's New Drug Application for Saroglitazar, indicated to treat Primary Biliary Cholangitis (PBC) in adults. In a separate update, the board hiked its buyback price from Rs 1,150 to Rs 1,260 per share while reducing the total buyback shares from 96 lakh to 87 lakh.

• HBL ENGINEERING: The Company gets LoA Worth Rs 1,714 Cr From Chittaranjan Locomotive Works to Commission KAVACH Loco Equipment

• INDOCO REMEDIES: The Company's Baddi Oral Solid Dosage (OSD) manufacturing unit has received EU-GMP certification from a German health authority.

• WOCKHARDT: The company gets CDSCO nod To Import, Market Zaynich. Zaynich Treats urinary tract infections in adult patients.

• ENVIRO INFRA: Secured a Rs 207.5 crore EPC order from CGE 30 HYBRID for land aggregation and development related to an energy project.

• CLEAN MAX: The board approved pledge support providing security worth Rs 169 crore for two of its subsidiaries.

Economic News

• Govt plans tax relief and regulatory easing to revive foreign capital inflows and support the rupee: The government is likely to announce a series of measures within a week to attract foreign capital inflows, support the rupee, and contain rising external pressures. Proposed steps include reducing LTCG tax on equities and government bonds, cutting withholding tax on interest earned by foreign investors on G-Secs, easing FPI entry norms, and temporarily tightening outward remittances under the Liberalised Remittance Scheme (LRS). Additional measures such as curbs on gold imports and incentives for domestic gold usage are also under discussion as India looks to manage capital outflows, widening current account deficit concerns, and pressure on forex reserves amid elevated crude oil prices and continued FPI selling.

Global News

• Oil prices tumble as hopes of easing Hormuz disruptions lift supply sentiment: Oil prices extended their decline on Friday, with Brent crude heading for its sharpest monthly fall since 2020 amid growing optimism over progress in US-Iran negotiations. Brent slipped near $93 per barrel, down nearly 18% for the month, while WTI traded around $88, reversing the sharp rally seen earlier when fears over the Strait of Hormuz closure had pushed prices above $120. Sentiment improved after reports suggested the US and Iran may extend their ceasefire by 60 days and eventually allow unrestricted shipping through Hormuz, though key issues such as Iran’s nuclear programme, sanctions relief and reopening of the waterway remain unresolved. Despite easing supply concerns, analysts caution that restoring normal oil flows will take time due to damaged infrastructure, mined shipping routes and delayed tanker deliveries, while tightening US fuel inventories continue to provide some sup

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