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Stocks in News

* NEWGEN SOFTWARE TECHNOLOGIES: The company has secured an Indian patent for its data compression system, enhancing its intellectual property portfolio. Out of 55 filed patents, 25 have been granted across India and the US, reflecting its growing innovation strength.

* PARADEEP PHOSPHATES: The court has ordered the government to release ?53.50 crore to the company within six weeks under the nutrient-based subsidy for DiAmmonium Phosphate fertilizer supplied in 2013. This ruling is expected to improve the company's financial position.

* GLAXOSMITHKLINE PHARMACEUTICALS: A fire at a contract manufacturing facility has temporarily disrupted production operations at the site.

* NBCC: The company sold 446 residential units at Aspire Silicon City in Noida via e-auction, generating Rs 1,468 crore in sales, and will earn a 1% marketing fee on the total sale value.

* GUJARAT ALKALIES AND CHEMICALS: The company has installed a 90– 120 MTPD HCL synthesis unit and three downstream chlorotoluene plants with a combined 40 TPD capacity at Dahej, with a total investment of Rs 81 crore.

* PREMIER ENERGIES: The company announced a capacity expansion of 0.8 GW for cells and 1.6 GW for modules, with a capex of Rs 475 crore to be funded through internal accruals. It also formed a 74:26 joint venture with Taiwan-based Sino-American Silicon Products Inc., whose subsidiary GlobalWafers is the world’s third-largest semiconductor manufacturer.

* DR REDDYS LABS: The US FDA inspected the company's New York facility from May 12 to 16 and issued Form 483 with two observations.

* CIPLA: The company's subsidiary received a Voluntary Action Indicated (VAI) tag following a US FDA inspection at its Navi Mumbai facility conducted from February 18 to 20.

* MAX HEATHCARE: The company's subsidiary acquired a 4,000 sq. m. land parcel in Uttar Pradesh through a sale deed worth Rs 120 crore.

Economic News

* Port curbs on Bangladesh imports may create Rs 1,000 crore biz for textiles: India bans garment imports from Bangladesh via land routes. This decision aims to boost local textile manufacturing. The move could generate over Rs 1,000 crore for Indian businesses. Some branded garments might face supply issues, potentially raising prices slightly. The industry anticipates reduced backdoor entry of Chinese fabrics. Supply chains will likely experience short-term disruptions.

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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