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Stocks in News

* MOIL: Prices cut across manganese ore grades: 5% for Mn-44% & above (ferro grade), 10% for Mn-44% & below (ferro grade) and chemical grades, and 15% for all SMGR & fine grades.

* HINDUSTAN AERONATUIC: Advanced Light Helicopter Dhruv (Army & Air Force variants) cleared for operations following DI committee recommendations.

* VARUN BEVERAGES: Commercial production of carbonated soft drinks and packaged drinking water begins at Bihar facility.

* JSW ENERGY: Arm signs agreement with Uttar Pradesh Power Corporation to procure 1,500 MW / 12,000 MWh pumped hydro energy storage.

* HBL ENGINEERING: Secures Rs.146 crore order from Western Railway for Kavach project..

* NMDC: Sets Baila lump price at Rs.6,440/tonne and Baila fines at Rs.5,500/ tonne.

* LANDMARK CARS: The company has sold its Jeep Punjab business, including two showrooms and one workshop, marking a complete exit from the state to consolidate operations and rationalize costs.

* RED TAPE: Commences commercial operations at its new online warehouse and operations set up i Ludhiana.

* ASTER DM HEALTHCARE: Acquired 1.9 crore shares of Quality Care India for ?849 crore; completed 5% stake acquisition via share swap

Economic News

* India's industrial output grows 3% in March, with mixed sector performance and global uncertainties: India's industrial output grew 3% yearon-year in March, slightly missing the expected 3.3% growth. Mining activity slowed to 0.4%, while manufacturing rose 3%, and electricity generation grew 6.3%. The early release of data on the 28th of each month, cutting down the previous 42-day gap, may lead to revisions. Consumer durables output surged 6.6%, and capital goods output grew 2.4%. For the April-March period, industrial output increased by 4%, down from 5.9% last year. Despite positive trade talks with the U.S., uncertainties over tariffs and policy changes continue to impact global industries.

Global News

* Trump eases auto tariffs, offering temporary relief amid industry uncertainty: President Trump signed two executive actions to ease the impact of auto tariffs after pressure from automakers, suppliers, and dealers. One order exempted imported cars from steel and aluminum tariffs to avoid overlapping duties. Another modified the 25% tariff on imported auto parts, offering temporary offsets for U.S.-made vehicles—starting at 3.75%, dropping to 2.5% in a year, and ending the year after—to encourage domestic manufacturing. While the changes reduce some cost burdens, automakers still face uncertainty, with the industry dealing with paused production, layoffs, and financial instability. GM even withdrew its earnings guidance due to tariff concerns. Though initial fears led to a Q1 sales surge, rising costs may soon dampen demand as inventory shrinks and consumer confidence wanes.

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