PRE-MARKET INDIAN STOCKS NEWS: Bharti Airtel (BHARTI IS) received shareholder approval to increase its stake in Airtel Africa by 16.31% through an INR 282.2bln share-swap deal

Adani Enterprises (ADE IS) - Co. and Jabil plan a strategic alliance to build an integrated AI and data centre hardware manufacturing platform in India. (Economic Times)Bharti Airtel (BHARTI IS) - Co. received shareholder approval to increase its stake in Airtel Africa by 16.31% through an INR 282.2bln share-swap deal. (Economic Times)General Insurance Corporation of India (GICRE IS) - Government of India will sell up to a 5% stake in the Co. through an offer-for-sale on June 16-17, with a 2% base offer size and an option to sell an additional 3%. (Moneycontrol)GMR Airports (GMRI IS) - Co. May passenger traffic rose 6.1% Y/Y, domestic passenger traffic rose 7.9% Y/Y, international passenger traffic rose 0.4% Y/Y and aircraft movements rose 2.3% Y/Y, driven by strong traffic at Delhi Airport. (Economic Times/Moneycontrol)HCL Technologies (HCLT IS) - Co. will invest INR 14.27bln in Axonwise Private Limited, or Sarvam AI, through a minority all-cash investment for a 10.46% stake. (Economic Times)Oil India (OINL IS) - Co. signed an MoU with the Council of Scientific and Industrial Research to pursue research, innovation and technology development across the energy sector. (Economic Times)State Bank of India (SBIN IS) - Co. board will meet on June 18 to consider fundraising options for FY27 through public offerings or private placements. (Economic Times)Yes Bank (YES IS) - Co. and Northern Arc Capital entered a partnership to widen access to credit, scale digital lending and create debt investment opportunities for customers. (Economic Times)Energy - India's government raised windfall tax on diesel export to INR 14/ltr and kept the petrol export duty unchanged for the next fortnight. (Newswires)