PRE-MARKET INDIAN STOCKS NEWS: India’s government notified about the Mobile Phone Manufacturing Scheme 2.0 to support the domestic mobile phone manufacturing ecosystem

Bank of Baroda (BOB IS) - Co. completed the issuance of an additional USD 400mln of senior unsecured Reg-S fixed-rate notes. (Economic Times) Federal Bank (FB IS) - Co.’s board approved a proposal to raise up to USD 500mln through foreign currency-denominated bonds. (Economic Times) JSW Infrastructure (JSWINFRA IS) - Co. entered into a share purchase agreement to acquire 100% of JSW Overseas FZE from JSW Terminal (Middle East) FZE, subject to regulatory approvals in India and the UAE. (Economic Times) Power Grid Corporation of India (PWGR IS) - Co. was declared the successful bidder to establish an interstate transmission system for renewable-energy projects in Gujarat at an annual tariff of INR 8.23bln. (Economic Times) Reliance Industries (RIL IS) - Co.’s shareholders approved three resolutions covering material related-party transactions and an expansion of its objects clause to include the production, processing, sale and distribution of ammonium nitrate, explosives and blasting agents. (Economic Times) Telecoms India’s government notified about the Mobile Phone Manufacturing Scheme 2.0 to support the domestic mobile phone manufacturing ecosystem. (Economic Times)