India and Netherlands signed 17 MoUs, Royal Enfield to set up a new plant in Andhra, & more

May 18, 2026

Markets opened below Friday’s closing point.

IT stocks and pharma stocks rose the most today. Media stocks and PSU bank stocks fell the most.

Global markets: US markets and most Asian markets fell. Most European markets rose (as of 6 pm IST).

News

India and Netherlands have elevated their bilateral ties to a Strategic Partnership and signed 17 MoUs in areas like semiconductors, renewable energy, critical minerals, defence, etc.
UAE’s Barakah nuclear facility was under a drone attack, though authorities said there was no radiation leak or major damage. India has condemned the attack.

Maruti Suzuki: commenced commercial production at the second plant of its Kharkhoda, Haryana facility with a capacity of 2.5 lakh units per annum.
NTPC: subsidiary, Patratu Vidyut Utpadan Nigam Ltd, completed trial run operation of its 800 MW Unit-2, taking the NTPC group’s total installed capacity to 90,668 MW.
Adani Power: incorporated a wholly owned subsidiary, Integrated Power Supply Ltd, to undertake electricity trading business.
Bajaj Auto: subsidiary, Bajaj Auto International Holdings BV, fully repaid Euro 80 million in outstanding dues to JP Morgan Chase Bank and DBS Bank.
Eicher Motors: Royal Enfield will invest around Rs 2,500 crore in phases to build a new greenfield manufacturing facility in Tada, Andhra Pradesh, subject to board approval. The Andhra government has approved around 215 acres of land for the project.
TVS Motor: will acquire a 4.9% stake in Jana Small Finance Bank from Jana Holdings Ltd for Rs 193.31 crore.
Tata Power: signed an MoU with Bhutan’s Druk Green Power Corporation to build a skill development ecosystem supporting the development of 5,000 MW clean energy capacity in Bhutan.
Vodafone Idea: net profit rose to 51,970 crore in Jan-Mar quarter of FY26, from a loss of Rs 7,167 crore previous year.
JSW Energy: sold 2.5 crore JSW Steel shares via a bulk deal on NSE for Rs 3,150 crore to release capital for growth plans.

Offer for Sale (OFS)

It is a method through which an already listed company sell shares in the company through the stock exchange

In an OFS, the company does not issue new shares or raise fresh money. The money goes to the shareholders selling their stake.

Promoters or big investors of the company do this to reduce their stake, increase public ownership or meet the shareholding norms..

Theme: imports & exports of India
Day 1: Monday

We are talking a lot about reducing fuel consumption in India.

This fuel consumption is causing a big imbalance in our imports/exports. One of the biggest factors affecting the exchange rate is our import bill.

In this week’s course, let’s look at India’s biggest exports and imports.

India’s largest import bill comes from crude oil and gas imports.

India is able to produce only about 20% of the oil we need. The remaining 80% are imported from various countries like the Middle East, Russia, etc.

Similarly, we import about 50% of the gas we consume.

To buy these, India has to convert INR to USD to pay for the oil and gas. This is the biggest reason for the weakening of INR.

We spent about $200 billion on energy imports.

We explored the question “What if you invested in a Nifty ETF instead of a Nifty index fund?”

Check out the full report here.

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