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Stocks in News

* FORCE MOTORS: In May, the company’s domestic sales grew 24.5% YoY to 3,002 units, driving a 19.4% rise in total sales to 3,088 units, despite a sharp 52.2% decline in exports to 86 units.

* DIMOND POWER: Promoters Monarch Infraparks and GSEC plan to sell up to 5.98% stake via offer for sale at a floor price of Rs 95 per share, an 11% discount to the current market price.

* HINDUSTAN AERONAUTICS: The company confirmed it is in talks only with General Electric for LCA Mark 2 aircraft engines, denying media reports of negotiations with other firms.

* SAREGAM (INDIA): The company entered into a Rs 10 crore strategic partnership with DaMENSCH Apparel to manufacture, market, and sell its seamless and activewear products.

* NEWGEN SOFTWARE TECH: The company secured a $2.5 million supply order from an international client for product delivery and implementation to support the customer’s digital transformation across multiple business lines.

* GLAND PHARMA: France's medical regulator issued 11 observations for Cenexi’s manufacturing unit; the company is implementing a corrective and preventive action plan, with no disruption in operations following the final inspection report.

* CESC: The company’s arm signed an agreement with Envision Energy India to supply and commission 1 GW of wind turbine generators, along with a 10-year operation and maintenance service post-commissioning.

* REC: The company proposed to raise up to Rs 1.55 lakh crore through non -convertible debentures (NCDs) on a private placement basis.

Economic News

* UP's per capita income second lowest, but state finances good: Arvind Panagariya, Chairman of the 16th Finance Commission, lauded Uttar Pradesh as a well-managed state financially, despite its low per capita income. He highlighted the state's strong tax collection, prudent expenditure management, and manageable debt profile. UP benefits from both robust tax revenues and horizontal devolution, positioning it favorably for future fiscal stability.

Global News

* OECD lowers global growth forecasts amid rising trade tensions and economic uncertainty: The OECD has lowered its global growth forecast, citing the growing impact of the U.S. trade war under the Trump administration. Global growth is expected to slow from 3.3% in 2024 to 2.9% in both 2025 and 2026, below earlier estimates. Rising protectionism risks inflation, supply chain issues, and financial market instability. The U.S. economy is projected to grow just 1.6% in 2025 and 1.5% in 2026, down sharply from previous forecasts, as tariffs raise consumer costs and dampen corporate investment. While tariffs may boost domestic manufacturing, they reduce purchasing power and add uncertainty. Budget deficits are expected to widen to 8% of GDP by 2026 due to tax cuts and slower growth. Inflation pressures suggest the Federal Reserve will keep rates steady in 2024 and cut them by 2026. China’s growth is forecast at 4.7% in 2025 and 4.3% in 2026, supported by government aid. The euro area’s growth remains steady at around 1%, helped by strong labor markets, rate cuts, and German public spending. The UK’s outlook has slightly improved, with growth around 1.3% in 2025 and 1.0% in 2026, a slight downgrade from earlier estimates.

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