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Stocks in News

* WIPRO: Wipro secured a multiyear deal with Entrust to provide strategic resources, scalability, and agility to support Entrust’s growth in identity-centric security solutions.

* SUN PHARMA: The company shared Phase 2 trial results for SCD-044, an oral S1P receptor 1 agonist for inflammatory diseases, but is discontinuing its development for atopic dermatitis after the 250-patient study failed to meet its primary goal.

* ZYDUS LIFESCIENCES: The company is acquiring two U.S.-based biologics manufacturing facilities from Agenus for $75 million upfront and has secured exclusive rights to Agenus's next-gen immuno-oncology platforms, Botensilimab and Balstilimab.

* ASHOK LEYLAND: The company secured a Rs 184 crore order to supply 543 BSVI diesel chassis and fully built buses.

* NLC INDIA: The company’s arm formed a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam to develop, operate, and maintain lignite mines and lignite-based thermal power plants.

* SERVOTECH RENEWABLE: The company received a Rs 33.6 crore order from Northeast Frontier Railway for a 7.8MW grid-connected solar rooftop project.

* R SYSTEM: The company signed an agreement with Mavvrik to enhance proactive financial governance for AI and hybrid infrastructure.

* INDEGENE: Carlyle Group plans to exit its 10.2% stake in the company for at least Rs 1,420 crore, setting a floor price of Rs 580 per share, a 6% discount to the current market price.

* KAYENS TECHNOLOGY: The company made an investment of $8.8 million in a subsidiary and provided corporate guarantee of up to Rs 250 crore on behalf of the arm.

Economic News

* Economic momentum holding up despite trade war; FY26 GDP target raised to 6.4%: UBS has revised India's FY26 GDP growth forecast upwards to 6.4% from 6%, citing resilient domestic demand and potential trade benefits. The brokerage anticipates increased household consumption driven by favorable monsoon expectations and policy stimulus. While capital expenditure growth may slow, the RBI is expected to support growth through rate cuts.

Global News

* Macron calls for a strong Europe-Asia coalition to navigate US-China tensions and uphold global order: At the Shangri-La Dialogue in Singapore, French President Emmanuel Macron urged Europe and Asia to build a new coalition to navigate the growing U.S.-China rivalry without being caught in its crossfire. Emphasizing France’s balanced ties with both powers, Macron warned that the deepening division between the U.S. and China poses the greatest global risk. Highlighting recent defense agreements with Indonesia and Vietnam worth billions, he stressed the impact of trade uncertainties on regional economies and defense funding. Macron called for joint efforts to uphold the global order and counter “revisionist” actions, referencing China’s assertiveness in the South China Sea and Taiwan, while cautioning against accepting territorial aggressions like those in Ukraine.

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