Savings Effect

VARROC ENGINEERING LIMITED: CO. ENTERS STRATEGIC COOPERATION WITH SUZHOU TOLYY OPTRONICS FOR NEXT-GENERATION DIGITAL COCKPIT SOLUTIONS; PARTNERSHIP TO LOCALIZE SUPPLY AND MANUFACTURING FOR VEHICLE PLATFORMS.

SEBI Issues Administrative Warning To ICICI Prudential AMC Over Investor Complaint • SEBI issued an administrative warning to the company regarding an investor complaint. • The regulator observed a procedural delay in verifying an investor's eligibility to invest in a scheme. • The observation relates to compliance and process timelines rather than any fraud, mis-selling, or financial irregularity. • No monetary penalty or business restriction has been reported.

Manappuram Finance Management Gives Strong FY27 Gold Loan Growth Guidance • Gold loan growth expected to match FY26 levels, implying nearly 50% YoY growth. • Guidance is significantly above Street expectations of 15–20% growth. • Management has also raised gold loan yield guidance to 18–18.5% from 17.5–18% earlier.

RELIGARE ENT : ED SPECIAL COURT ISSUES SUMMONS TO 5 ACCUSED IN RELIGARE ENTERPRISES MONEY LAUNDERING CASE

PIRAMAL PHARMA LTD: PERMANENT REVOCATION OF CLOSURE DIRECTIONS FOR DAHEJ SITE BY GPCB; OPERATIONS CONTINUE IN NORMAL COURSE; COMMITMENT TO ENVIRONMENTAL COMPLIANCE

POWER MECH: CO WINS ORDER WORTH RUPEES 266 CR

IIFL Finance bounces after massive underperformance! DAM Capital on IIFL Finance Target value of Rs.670 Factors 1️⃣ Right to win in gold loan with the most granular presence across nation which will drive market share gain from unorganised players 2️⃣ Non gold book better compared to peers with housing sub forming the major share. After recent consolidation, expect growth & earnings to be healthy from here-on. 3️⃣ Stock trades at 1.1x on FY28e book & ~6.5x on FY28e earning 4️⃣ Expect ~2.5% plus RoA & above mid-teens RoEs over next 2 years Earnings growth to be one of the strongest among peers in FY27.

INDIA (MAY) HSBC INDIA PMI SERVICES ACTUAL: 59.8 VS 58.9 PREVIOUS

ZYDUS LIFESCIENCES: CO. RECEIVES WARNING LETTER FROM USFDA FOR BADDHI FACILITY; LETTER RELATES TO TECHNICAL OBSERVATIONS ON PURIFIED TALC NOT MEETING USP REQUIREMENTS; NO IMPACT ON CURRENT OPERATIONS AND SUPPLIES.

ZYDUS LIFESCIENCES: CO. RECEIVES WARNING LETTER FROM USFDA FOR BADDHI FACILITY

HUL Reduces Permanent Employee Count by 8.6% in FY26 Amid Sluggish Demand

BAJEL PROJECTS LTD: CO. AWARDED MEGA EPC ORDER (ORDER WORTH BETWEEN RS. 300 CR TO RS.400 CR) FOR EHV SUBSTATION FROM DOMESTIC CLIENT; PROJECT TO BE COMPLETED IN 24 MONTHS; NO RELATED PARTY TRANSACTION INVOLVED.

GUJARAT ALKALIES AND CHEMICALS LTD: PARTNERS WITH CLEAN MAX TO DEVELOP 75.90 MW WIND AND 84.34 MWP SOLAR POWER PROJECT FOR CAPTIVE USE; PROJECT TO REDUCE CO2 EMISSIONS BY 2,64,204 TONS ANNUALLY.

SHILPA MEDICARE: CO. ENTERS STRATEGIC EQUITY PARTNERSHIP WITH GATE2BRAIN FOR 30.4% STAKE; FOCUS ON ADVANCING BRAIN CANCER THERAPY G2B-002 WITH ORPHAN DRUG DESIGNATION FROM US FDA AND EMA.

US Proposes 12.5% Tariff On India, 59 Other Countries Over Forced-Labour Import Curbs The U.S. Trade Representative (USTR) has proposed additional tariffs of up to 12.5% on imports from India and 59 other economies after concluding that these countries have not adequately prohibited or enforced bans on imports made using forced labour. The proposal stems from Section 301 investigations launched in March 2026

NMDC: CO LIKELY TO HAVE TAKEN ANOTHER PRICE HIKE. NEW PRICE OF LUMP ORE IS 5,700/TONNE VS RUPEES 5,500 PER TON (MOM); FINES AT 4,850/TONNE VS 4,700 PER TON (MOM)

🚨 Global economy could enter ‘red zone’ if Strait of Hormuz remains disrupted, warns IEA's Fatih Birol

OpenAI CEO Sam Altman has softened his stance on AI-driven job losses, arguing that companies adopting AI most aggressively are often hiring more workers.

Indian users will be able to make QR payments at over 4.5 million merchant outlets in Cambodia. The next phase of the initiative will allow Cambodian visitors to do the same in India.