PRE-MARKET INDIAN STOCKS NEWS: Sun Pharmaceutical Industries (SUNP IN) agreed to extend most-favoured-nation drug pricing to US state Medicaid programmes

Happiest Minds Technologies (HAPPSTMN IN) - Co. signed definitive agreements to combine its business with ITC Infotech India. (Economic Times) Kotak Mahindra Bank (KMB IN) - Co. has reportedly recommended executive directors Anup Saha and Paritosh Kashyap to the Reserve Bank of India as internal candidates to succeed CEO Ashok Vaswani when his term ends next year. (Moneycontrol) Mankind Pharma (MANKIND IN) - Co. completed the transfer of its 100% stake in Broadway Hospitality Services to AKRK Projects LLP and its partners, following which Broadway ceased to be a wholly owned subsidiary. (Economic Times) NCC (NJCC IN) - Co. received three orders worth a combined INR 4.30bln in August for its buildings division. (Moneycontrol) NLC India (NLC IN) - Co.’s subsidiary NLC India Renewables incorporated a 51:49 joint venture with the Odisha Renewable Energy Development Agency named NIRL OREDA Renewables to develop green energy power plants. (Moneycontrol) Sun Pharmaceutical Industries (SUNP IN) - Co. agreed to extend most-favoured-nation drug pricing to U.S. state Medicaid programmes and future innovative medicine launches in exchange for a two-year delay to impending U.S. tariffs. (Moneycontrol) Welspun Corp (WLCO IN) - Co. will not proceed with the proposed sale of its 26% stake in Clean Max Dhyuthi to Welspun Living after the INR 76mln transaction was mutually cancelled, citing current demand, supply and power availability at the relevant location. (Economic Times)