PRE-MARKET INDIAN STOCKS NEWS: L&T Technology Services (LTTS IN) entered a strategic partnership with Cognite to develop and deliver industrial AI and data solutions for asset-intensive industries
Indian pre-market news highlights GST notices for JSW Cement and JSW Dulux, LTTS's AI partnership, expansions by Lemon Tree Hotels and Waaree Energies, and HDFC MF's PB Fintech stake purchase.
News detail
JSW Cement (JSWC IN) - Co. received a show-cause notice proposing a GST demand of INR 2.30bln, plus applicable interest and a 10% penalty. (Economic Times) JSW Dulux (JSWD IN) - Co. received a show-cause notice from the West Bengal GST Department for a total liability of INR 5.67mln, comprising INR 2.96mln in tax, INR 2.41mln in interest and INR 296k in penalties. (Economic Times) L&T Technology Services (LTTS IN) - Co. entered a strategic partnership with Cognite to develop and deliver industrial AI and data solutions for asset-intensive industries. (Moneycontrol) Lemon Tree Hotels (LEMONTRE IN) - Co. signed a Lemon Tree Hotel in Patancheru, Telangana, which will be managed by its wholly owned subsidiary Carnation Hotels. (Economic Times) PB Fintech (PBFT IN) - HDFC Mutual Fund acquired 2.5mln shares in the Co. at INR 1,282.30/shr for approximately INR 3.21bln. (Economic Times) Waaree Energies (WAAREE IN) - Co. wholly owned subsidiary Waaree Clean Energy Solutions entered India's specialty gases business. (Economic Times)
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