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Stocks in News

* BHARTI AIRTEL: The company’s board approved the issuance of up to 14.6 crore shares worth Rs 28,220 crore at Rs 1,923 apiece to Indian Continent Investment as part of a $2.9 billion stock-swap deal for acquiring a 16.31% stake in Airtel Africa. Separately, the board reappointed Sunil Bharti Mittal as Chairman for a five-year term effective October 1.

* ZYDUS LIFESCIENCES: The board will meet on May 19 to consider a share buyback proposal. Separately, its subsidiary Zydus Worldwide will acquire Assertio Holdings in a $166.4 million deal.

* PNC INFRATECH: The company emerged as the L1 bidder for a Rs 572 crore construction project awarded by UP State Bridge Corporation.

* BAJEL PROJECTS: The company secured two major orders from PowerGrid Corp, each valued at Rs 200–300 crore, for a 400kV transmission line package and a 765kV AIS substation package in Maharashtra.

* VA TECH WABAG: The water technology company signed an agreement with PEAK Sustainability Ventures to set up its first Bio-CNG plant in Uttar Pradesh.

* INTERARCH BUILDING: The company signed an MoU with Canada-based ER Steel to expand its pre-engineered building (PEB) and structural steel business in the North American market.

* PARAMOUNT COMMUNICATIONS: The company’s board approved raising Rs 92.4 crore through the issuance of 2.2 crore shares at Rs 42 apiece, along with 72 lakh warrants aggregating Rs 30.2 crore 

* IDBI BANK: The bank will consider raising up to Rs 10,000 crore through long-term bonds to fund infrastructure and affordable housing projects.

Economic News

* India Bans Sugar Exports Till Sept 2026 to Curb Domestic Prices: India has banned exports of raw, white and refined sugar with immediate effect until Sept. 30, 2026, shifting the policy status from “restricted” to “prohibited” amid concerns over falling cane yields and tighter domestic supplies. The move, aimed at cooling local prices, comes despite earlier approval for 1.59 million metric tons of exports, of which over 600,000 tons have already been shipped. The export curbs are expected to support global sugar prices and create opportunities for rival exporters such as Brazil and Thailand, while concerns over El Niño-led monsoon disruptions further cloud India’s production outlook.

Global News

* Xi-Trump Summit Begins in Beijing Amid Trade and Geopolitical Tensions: Chinese President Xi Jinping met US President Donald Trump in Beijing for high-level talks focused on trade, Taiwan, Iran and broader economic ties, amid heightened geopolitical tensions. Trump received a ceremonial welcome at the Great Hall of the People, with discussions expected to include Chinese purchases of US agricultural goods, trade dispute mechanisms, rare earth supply chains and market access. The summit also comes amid friction over Taiwan and rising concerns around Iran-linked energy disruptions, though no major breakthroughs have been signalled so far

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