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Stocks in News

* BHARTI AIRTEL: Bharti Hexacom, a subsidiary of the company, has signed an agreement with Adani Data Networks to acquire 400 MHz spectrum in the 26 GHz band.

* PFC, GENSOL ENGINEERING: Out of the Rs.587 crore loan sanctioned to Gensol Engineering by Power Finance Corp, Rs.352 crore was disbursed, of which Rs.45 crore has been paid as interest. As of April 18, Rs.307 crore remains pending, and PFC is actively pursuing recovery.

* BALRAMPUR CHINI MILLS: For the 2024-25 sugar season ending April 20, the company crushed 99.16 lakh MT of sugarcane, producing 9.24 lakh MT of sugar, with 1.94 lakh MT sacrificed.

* ASHOKA BUILDCON: The company received a letter of acceptance worth Rs.569 crore from the Central Railway.

* INFOSYS: The company has incorporated a step-down wholly owned subsidiary named Infosys Energy Consulting Services.

* ADITYA BIRLA CAPITAL: The Insurance Regulatory and Development Authority of India (IRDAI) has granted the company a Certificate of Registration to operate as a Corporate Agent.

*  BANK OF INDIA: The bank will consider raising funds through bonds by the end of this month.

* ONE 97 COMMUNICATIONS: Paytm Money, the company's arm, lowered interest rates and revised brokerage for its pay later offering to boost affordability and accessibility for investors.

* TATA POWER: The company partnered with Tata Motors to set up a 131 MW wind-solar hybrid project.

* GUJARAT ALKALIES & CHEMICALS: The company shipped its first consignment of Benzyl Chloride from the Dahej Plant.

Economic News

* India aims to double share of manufacturing in GDP to 23 pc helped by sunrise sectors: India aims to significantly boost its manufacturing sector's contribution to GDP from 12% to 23% in the next two decades, prioritizing job creation and economic expansion. The focus is on 14 sunrise sectors, including semiconductors and renewable energy, supported by productionlinked incentives. This strategic shift seeks to absorb a youthful workforce, reduce import dependence, and establish competitive global supply chains.

Global News

* Companies turn to Foreign Trade Zones to defer rising tariffs and enhance cost efficiency: Amid rising tariffs under President Trump—some reaching up to 145% for Chinese goods—companies are increasingly turning to U.S. Customs-approved Foreign Trade Zones (FTZs) and bonded warehouses to defer duty payments. These secure sites allow importers to store goods duty-free until they're moved into the U.S. market, enabling cost savings, operational flexibility, and improved cash flow. While FTZ setup can be costly, the potential financial benefits are drawing interest from businesses of all sizes, especially in sectors like retail, automotive, aerospace, and electronics. FTZs have gained traction as traditional duty relief methods like duty drawback don't apply to the new tariffs. With uncertainty around trade policies, many companies are exploring FTZs to strategically manage imports, reduce costs, and avoid immediate tariff impacts.

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