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Stocks in News

* INFOSYS: The IT major has entered a strategic collaboration with LogicMonitor, an AI-powered SaaS observability platform, to boost IT operations' performance, reliability, and customer experience across complex systems.

* IREDA: The company has filed a case against Gensol Engineering in the Debt Recovery Tribunal for a default amount of Rs.510 crore and Rs.219 crore.

* KEC INTERNATIONAL: The company acquired land worth Rs.93.58 crore from Rajasthan State Industrial Development & Investment Corp. for future expansion plans.

* HINDUSTAN ZINC: The company received a letter of intent from the Andhra Pradesh government for a composite licence to mine the Balepalyam Tungsten and associated mineral block, following an e-auction by the Ministry of Mines.

* INDIAN HOTEL: The company signed an agreement with the Tripura government for a hotel in Agartala, expanding its Northeast footprint to 14 hotels.

* CAPITAL INDIA FINANCE: Capital India Home Loans, a Material subsidiary of Capital India Finance received prior approval from RBI for the sale and change in control of Capital India Home Loans.

* GARDEN RESEARCH SHIPBUILDER: The Government of Bangladesh has cancelled a $21 million order for the construction of an advanced oceangoing tug, which was originally received on July 1, 2024.

* ITC: The company acquired 594 equity shares and 2,201 compulsorily convertible preference shares of Mother Sparsh Baby Care for Rs.50.6 crore.

* JINDAL POLY FLIMS: A fire incident occurred at the arm's plant in Nashik. Production Operation. A part of the plant temporarily disturbed.

Economic News

* India’s resilient growth shines amid global uncertainties, driving strong economic momentum: Amid global uncertainties, India’s economy remains resilient with strong industrial and services growth in April, says RBI. Domestic optimism and a US tariff freeze boosted markets mid-April. India is projected to be the fastest-growing major economy in 2025, surpassing Japan. Inflation has eased, expected to meet targets by 2025-26, supported by a good harvest and monsoon. India is emerging as a key player in technology, digital services, and pharmaceuticals. Core inflation is low excluding gold prices. Strong consumer and business confidence underpins economic momentum.

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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