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Stocks in News

* ADANI PORTS: The company plans to raise up to ?6,000 crore through privately placed NCDs to fund capital expenditure, refinance existing debt, and meet general corporate needs.

* ADANI GREEN: Promoter Ardour will convert 54.7 lakh warrants into equity shares from the remaining 3.55 crore convertible warrants.

* TEGA INDUSTRIES: The company’s subsidiary has signed a business sale agreement to transfer its operations to step-down unit Losugen, aiming to streamline operations and enhance synergies.

* FIRSTSOURCE SOLUTIONS: The company partnered with Sanas, a realtime speech understanding platform, to enhance customer conversations using AI.

* TVS MOTORS: The company signed an MoU with OOR Cabs to supply 500 TVS King EV MAX electric three-wheelers in FY 2025-26, supporting techdriven mobility solutions.

* TATA STEEL: The company inaugurated Phase II of its Kalinganagar operations, increasing annual capacity from 3 to 8 million tonnes with a ?27,000 crore investment in its Odisha facility.

* BLUE JET HEALTHCARE: The company reported that the Deputy Commissioner of State Tax, Mumbai, has conducted a search and inspection at its registered office, plants, and warehouse. The company is fully cooperating and providing all requested clarifications.

* ULTRATECH CEMENT: India Cements, a company arm, completed a debottlenecking initiative at Banswara Cement Works in Rajasthan, boosting capacity by 0.3 million tonnes annually.

Economic News

* India’s resilient growth shines amid global uncertainties, driving strong economic momentum: Amid global uncertainties, India’s economy remains resilient with strong industrial and services growth in April, says RBI. Domestic optimism and a US tariff freeze boosted markets mid-April. India is projected to be the fastest-growing major economy in 2025, surpassing Japan. Inflation has eased, expected to meet targets by 2025-26, supported by a good harvest and monsoon. India is emerging as a key player in technology, digital services, and pharmaceuticals. Core inflation is low excluding gold prices. Strong consumer and business confidence underpins economic momentum.

Global News

* Apple’s shift to India faces hurdles; U.S. production costly despite Trump’s push: U.S. President Donald Trump openly criticized Apple’s decision to shift iPhone assembly from China to India, urging the company to manufacture in the U.S. instead. However, moving production to the U.S. could raise iPhone costs by about 25% due to higher labor expenses, adding roughly $160 per device. While India is emerging as a manufacturing hub, it faces significant challenges like infrastructure gaps, low productivity, and a nascent supply chain. Apple’s automation efforts further reduce labor needs, limiting job creation. Additionally, India currently earns only $30 per iPhone assembled, much subsidized by government incentives, which may hinder deeper local component manufacturing. Ultimately, India must improve infrastructure and manufacturing capabilities to attract investment, as reshoring to the U.S. remains costly and complex for Apple.

Key Highlights:

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