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Stocks in News

* TERA SOFTWARE: A consortium led by their partner IWs ITI secured orders worth Rs.1,901 crore under the BharatNet Project for the middle mile network (NER-II) in Arunachal Pradesh, Nagaland, and Manipur.

* GMDC: The company signed a 40-year supply agreement with City Gold Pipes to source 150 MT of limestone from Kutch.

* NLC INDIA: A company unit signed a power purchase agreement with Rajasthan Rajya Vidyut Utpadan Nigam for a solar power project.

* PRESTIGE ESTATES PROJECT: Prestige City residential project recorded over Rs.3,000 crore in sales from 1,200 units within a week of launch.

* TAMILNAD MERCANTILE BANK: The company reduced its MCLR to 9.5% from 9.6%, effective May 7.

* CYIENT: The company appointed Sukamal Banerjee as CEO and Prabhakar Atla as CFO.

* GMDC: Company signs long-term supply agreement with City Gold Pipes for supply of 150 million tonnes of limestone over 40 years from Kutch’s Lakhpat Punrajpur Mine.

* TEJAS NETWORKS: Company Launched 1.2 Tbps single-wave coherent DWDM solution at Bharat Telecom 2025.

* INDEGENE: The Indian School of Public Policy has partnered with Indegene, a digital-first life sciences commercialization company, to advance health policy research and design in the country.

* ABANS FINANCIAL: Company has invested Rs.42.18 crores in its subsidiary, Abans Capital Private Limited (ACPL).

* TCS: Company has reduced the variable pay of its senior employees for the third consecutive quarter

Economic News

* Services activity picks pace in April on strong output, exports: India's services sector experienced a slight growth in April, with the HSBC India Services PMI increasing to 58.7. New business volumes rose sharply, and international demand saw its fastest expansion since July 2024. Despite this growth, business sentiment weakened to its lowest level since mid-2023 due to increasing competition

Global News

* U.S. export slump deepens, hitting farm goods and major ports amid tariff and demand shocks: U.S. exports are facing a sharp decline, particularly in agricultural products like soybeans, corn, and beef, following an earlier slump in imports. Trade tracker Vizion reports that this downturn, intensified by tariffs and global demand shifts, is impacting nearly all major ports. The Port of Portland saw a 51% drop, Tacoma 28%, Los Angeles 17%, Savannah 13%, and Norfolk 12%. Even top export hubs like Oakland and Long Beach are affected. Reduced containership arrivals, paused manufacturing orders, and higher costs are straining supply chains. Imports are also plunging, with a 43% weekly drop recorded in late April. Industry leaders are calling it the worst disruption since 2020.

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