PRE-MARKET INDIAN STOCKS NEWS: Tech stocks in focus as India returns from the long weekend

HDFC Bank (HDFCB IN) - Co. has reportedly shortlisted two candidates for the position of its next MD & CEO. (Economic Times) HDFC Life Insurance (HDFCLIFE IN) - Co. said the Commissioner (Appeals-III), CGST & Central Excise, Mumbai, confirmed a GST demand of INR 9.42bln, along with applicable interest and a penalty of INR 24.23bln, for the period from July 2017 to March 2022. (Economic Times) HFCL (HFCL IN) - Co.’s board approved an additional capacity expansion of 4.60mln fibre kilometres per annum for optical fibre. (Economic Times) Tata Sons - RBI rejected the Co.’s application for voluntary surrender of its certificate of registration, meaning it will have to list in accordance with RBI guidelines. (Economic Times) Tech Indian IT stocks are in focus after the chiefs of OpenAI and Anthropic, along with China’s security chief, called for a slowdown in AI development, following a negative reaction across AI-linked global stocks. (Economic Times)