PRE-MARKET INDIAN STOCKS NEWS: Wipro (WPRO IN) expanded its partnership with Google Cloud to scale adoption of Gemini Enterprise and agentic AI
Indian pre-market news highlights Wipro's Google Cloud partnership expansion, significant stake divestments across major firms, and key operational and management updates across corporate India.
News detail
Adani Power (ADANI IN) - Co. executed a share purchase agreement to sell its entire stake in subsidiary Chandenvalle Infra Park to AdaniConneX for INR 5.36bln; Chandenvalle will cease to be a subsidiary upon completion. (Moneycontrol) Apollo Tyres (APTY IN) - Warburg Pincus-owned Emerald Sage Investment sold 27mln shares in the Co., representing a 4.25% stake, for INR 11.75bln. (Moneycontrol) Bharat Petroleum (BPCL IN) - Co. expects to receive its first Iraqi crude cargo of the fiscal year in the coming days and is willing to lift more Gulf oil on an FOB basis if shipping is available. (Economic Times) ICICI Prudential Asset Management Company (IPRUAM IN) - Prudential Corporation Holdings sold 9.885mln shares in the Co., representing a 2% stake, for INR 30.30bln at INR 3,065.47/shr to meet minimum public shareholding requirements. (Moneycontrol) Kotak Mahindra Bank (KMB IN) - Co. said Siddarth Gandotra will step down as CFO of Kotak Mahindra Investments effective Aug. 31, with Hiren Vora appointed from Sept. 1. (Economic Times) Lenskart Solutions (LENSKART IN) - Existing investor Alpha Wave Ventures II is reportedly likely to sell shares worth up to INR 13.13bln through the stock exchanges' screen-based trading platform; the investor held a 1.22% stake as of end-June. (Economic Times) Tata Motors Passenger Vehicles (TMPV IN) - Co. unveiled a new customer-facing brand identity, Tata.Cars, for its passenger vehicle business, while Tata Motors Passenger Vehicles remains the legal entity. (Economic Times) Wipro (WPRO IN) - Co. expanded its partnership with Google Cloud to scale adoption of Gemini Enterprise and agentic AI, with plans to deploy Gemini Enterprise internally and equip more than 10,000 AI-certified specialists with advanced AI tools. (Economic Times)
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