Global Markets

PRE-MARKET INDIAN STOCKS NEWS: Earnings including Bank of Baroda, Bank of India, JSW Infrastructure & Tata Consumer Products

News detail

Adani Enterprises (ADE IS) - Co. reached a settlement with the US Treasury Department’s OFAC in an alleged sanctions violation matter related to imports of Iranian LPG through Mundra Port in Gujarat. (Economic Times)Eicher Motors (EIM IS) - Co.’s Royal Enfield plans to set up a manufacturing facility in Andhra Pradesh with an investment of INR 25.0bln. (Economic Times)Indian Oil Corporation (IOCL IS) - Co. Q4 (INR) net rose 78% Y/Y to 144.6bln, rev. rose 7% Y/Y to 2.37tln. (Economic Times)JSW Steel (JSTL IS) - JSW Energy (JSW IS) monetised part of its holding in the Co. through a bulk deal worth INR 31.5bln. (Economic Times)Vodafone Idea (IDEA IS) - Co. is targeting a tripling of cash flow and expects new loans, tax refunds and promoter capital infusion to help generate more than INR 1,000.0bln over the next three years. (Economic Times)Energy - India raised petrol and diesel prices by a further INR 0.9/litre. (Newswires)

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