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Stocks in News

* MAHINDRA AND MAHINDRA: In its latest business update, the company reported a 20.3% year-on-year rise in production to 85,925 units in April, while total sales grew 17.8% to 80,789 units. Exports saw a sharp 82% increase, reaching 3,381 units exported in April compared to the 1,857 units exported in the same period last year.

* COAL INDIA: The company has signed a non-binding agreement with AM Green Ammonia to supply renewable power for its green ammonia project in Kandla.

* LUPIN: The pharma major launched Eslicarbazepine Acetate Tablets in the U.S. after receiving USFDA approval for its ANDA. The drug, used to treat partial-onset seizures, has estimated annual U.S. sales of $395 million.

* TECHNO ELECTRIC: The company launched Techno Digital Infra, a wholly owned digital infrastructure arm, with a $1 billion investment plan to develop an integrated network of hyperscale and edge data centers, aiming for a total capacity of 250 MW across India.

* JINDAL DRILLING: The company secured a three-year contract from ONGC for deploying its rig, Jindal Explorer, at an Effective Day Rate of $35,138.71. The new contract will begin in Q3 FY26, following the end of the current one in Q1 FY26.

* NAZARA TECHNOLOGIES: NCLT has approved the company's resolution plan for the acquisition of Smaaash Entertainment.

* ASTRAL: The company has completed the acquisition of a 100% stake in Al-Aziz Plastics.

* 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.

Economic News

* India embarks on diplomatic blitz: Following Operation Sindoor, India initiated diplomatic outreach, engaging with key global powers including the UNSC permanent members, Saudi Arabia, UAE, and Japan. NSA Ajit Doval communicated with counterparts, emphasizing India's measured response and lack of intent to escalate, while preparing for potential Pakistani retaliation. The international response was largely positive, with briefings provided to envoys and UN Security Committee members.

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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