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Stocks in News 

* AVENUE SUPERMART: The company has opened a new store in Punjab, taking its total store count to 420.

* ETHOS: The company acquired 1.73 lakh equity shares of Silvercity Brands AG, leading to a reduction in its stake from 34.39% to 33.88%.

* IDBI BANK: The company has fully divested its 21.14% stake in Pondicherry Industrial Promotion Development and Investment Corp for Rs.18.8 crore.

* SYRMA SGS TECHNOLOGY: The company approved raising up to 1,000 crore through QIP or other means and incorporated two subsidiaries to manufacture electronic components.

* ITD CEMENTATION INDIA: The company received a 593 crore construction order for work at Jaipur International Airport in Rajasthan.

* PDS: The company's subsidiary has incorporated NexStyle Apparel Manufacturing in Mauritius.

* AUROBINDHO PHARMA: The company's subsidiary has received marketing approval for Zefylti from the UK’s Medicines and Healthcare Products Regulatory Agency.

* PUNJAB NATIONAL BANK: The company fully divested its stake in India SME Asset Reconstruction, selling the shares at Rs.16.29 each.

* ZUARI AGRO CHEMICALS: The SSP plant in Maharashtra has been temporarily shut due to a raw material shortage.

* PTC INDIA: The company has appointed Manoj Kumar Jhawar as the Chairman and Managing Director.

* PURAVANKARA: The company will consider raising up to Rs.300 crore through NCDs in its board meeting on May 16.

Economic News

* India to move UNSC 1267 to declare TRF a terror group: Following the Pahalgam attack, India is petitioning the UNSC 1267 Sanctions Committee to designate The Resistance Front (TRF) as a terrorist organization. Evidence implicating Pakistan in the April 22 attack, which resulted in 26 civilian deaths, will be presented. Pakistan, supported by China, has previously shielded TRF from UNSC condemnation.

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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