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Stocks in News

* KNOWLEDGE MARINE: The company's arm, Knowledge Shipyard, acquires a 15-acre waterfront land parcel in Palghar, Maharashtra, with an option to expand by another 5 acres.

* MEGHMANI ORGANICS: The company receives approval from the Agriculture Ministry to develop nano fertiliser products, including Nano DAP, Nano NPK, and Nano Zinc, at its Gujarat facility.

* EMS: The company receives a Letter of Acceptance worth Rs. 144 crore from UP Jal Nigam for sewer network and house-connection works in Varanasi.

* RAINBOW CHILDREN MEDICARE: The company inaugurates a 60-bed hospital and an IVF centre in Karnataka under the brand Birthright Fertility.

* AFCONS INFRASTRUCTURE: The company secures EPC orders worth Rs. 373 crore for civil works in April.

* ANTONY WASTE HANDLING CELL: The company issues a corporate guarantee of Rs. 123 crore in favour of its arm, Antony Lara Renewable.

* ASAHI INDIA GLASS: An exhaust chimney partially collapses at the Rajasthan unit; the float-glass furnace remains operational. No injuries reported, and damage is covered under insurance.

* DCM SHRIRAM: The company sells a 5-acre land parcel in Telangana for Rs. 71 crore.

* PREMIER ENERGIES: The company's arm will acquire a 26% stake in Hexa Energy for Rs. 69 crore to support the Naidupeta solar-cell facility.

* DYNACONS SYSTEMS & SOLUTION: The company secures a Rs. 751 crore project from the Reserve Bank of India for private cloud infrastructure for RBI data centres.

Economic News

* Manufacturing picks up pace, but rising costs and weak momentum cap growth: India’s manufacturing activity improved slightly in April, with PMI rising to 54.7 from 53.9, indicating expansion. However, growth remained the second weakest in nearly four years, with output and new orders still near multi-year lows. Rising input costs and inflation driven by the West Asia conflict pressured margins, though exports and hiring showed strength. Overall, the sector remains resilient but faces cost pressures and subdued growth momentum.

Global News

* OPEC+ signals supply support with a notional June output hike, as real supply remains constrained by geopolitical disruptions: OPEC has approved a third consecutive monthly output hike of ~188,000 barrels/day for June, led by seven key members including Saudi Arabia and Iraq, taking Saudi’s quota to ~10.29 mbpd. However, the increase is largely notional, as actual supply additions remain constrained due to ongoing geopolitical disruptions particularly tensions affecting oil flows through the Strait of Hormuz amid the Iran conflict keeping Gulf exports tight. The move is more of a signaling strategy to reassure markets on supply continuity and maintain price stability rather than materially boosting production. Despite the UAE’s exit from OPEC+, the alliance continues to function cohesively, with core producers driving decisions. Separately, ADNOC has outlined a $55 billion capex plan for 2026– 2028 to expand upstream and downstream capacity, leveraging its independence from OPEC quotas post-UAE exit to scale production more flexibly.

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