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Stocks in News 

HCL TECHNOLOGIES: The company appointed Kiran Cherukuri as Global Global Capability Center Practice Leader. 

SHYAM METALICS & ENERGY: The company announced its foray into the wagon manufacturing segment with a state-of-the-art greenfield facility at Kharagpur, West Bengal. The facility will be capable of producing 4,800 wagons per annum in two phases. The facility is slated to commence operations by March 2026.

 RVNL: The company emerged as the lowest bidder for an order worth Rs 179 crore from Ircon International. 

WAAREE ENERGIES:  The company acquired 100% stake in Kamath transformers for Rs 293 crore. 

BAJA AUTO: The company clarified that its wholly owned subsidiary, Bajaj Auto International Holdings BV, Netherlands is in negotiations and exploring various alternatives to participate in the restructuring of KTM AG, pursuant to a plan approved by its creditors. 

VODAFONE IDEA:  The Supreme Court rejected the plea from telecom operators Vodafone Idea and Bharti Airtel Ltd. along with others on its adjusted gross revenue dues, days after the companies filed a fresh petition, calling them "misconceived".  

AZAD ENGINEERING: The company signed an agreement with Nuovo Pignone Sr to supply high-complex and critical components for five years. 

POWER GRID CORP:  The company sells its entire stake and exits from joint ventures Torrent Power Grid and Sikkim Power Transmission. 

ASHOKLEYLAND: The company, in its board meeting on May 23, may consider the proposal for the issue of bonus shares. 

ACME SOLAR HOLDINGS: The company arm commissions Phase-II of a project in Bikaner, Rajasthan. 

Economic News 

Port curbs on Bangladesh imports may create Rs 1,000 crore biz for textiles: India bans garment imports from Bangladesh via land routes. This decision aims to boost local textile manufacturing. The move could generate over ?1,000 crore for Indian businesses. Some branded garments might face supply issues, potentially raising prices slightly. The industry anticipates reduced backdoor entry of Chinese fabrics. Supply chains will likely experience short-term disruptions. 

Global News 

Trump’s Middle East tour boosts investments but peace deals in Gaza and Ukraine remain elusive:  President Donald Trump concluded his Middle East tour in Abu Dhabi, highlighting major investment deals like a $600 billion Saudi pledge and Boeing plane sales to Qatar while promoting American business. Despite his image as a dealmaker, Trump fell short of resolving conflicts in Gaza and Ukraine, with violence ongoing. He dismissed concerns over accepting a $400 million luxury plane from Qatar amid ethics questions. Trump hinted at future diplomacy with Russia and progress on Iran nuclear talks, aiming for a historic breakthrough and expanded Abraham Accords. Analysts caution that ongoing regional conflicts, especially Gaza’s crisis, remain a serious challenge for his administration’s peace ambitions. 

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