PRE-MARKET INDIAN STOCKS NEWS: Earnings and Insurer updates
ORIGINAL · NewsquawkPRE-MARKET INDIAN STOCKS NEWS: Earnings and Insurer updatesRead originalHide original
Aurobindo Pharma (ARBP IN) - Co.'s Lannett facility in Seymour, US, received an Official Action Indicated (OAI) classification from the US FDA following an inspection conducted on August 17-21, during which four observations were issued, with the Co. responding within the required timeframe. (Economic Times/Moneycontrol) Bajaj Finance (BAF IN) - Co. launched its qualified institutions placement (QIP) on November 11, setting a floor price of INR 992.25/shr, with a potential discount of up to 5%. (Moneycontrol) Cupid (CUPD IN) - Co. Q2 (INR) net rose 133.2% Y/Y to 562mln, rev. rose 122.7% Y/Y to 1.88bln. (Economic Times) HDFC Life Insurance (HDFCLIFE IN) - Co. October total premiums rose 17.8% Y/Y, total annualised premium equivalent (APE) rose 16.3% Y/Y and individual APE rose 16% Y/Y. (Economic Times) Hindustan Copper (HCP IN) - Co. Q2 (INR) net rose 181.9% Y/Y to 5.181bln, rev. rose 63.7% Y/Y to 11.752bln. (Moneycontrol) ITC (ITC IN) - Co. raised the price of its Gold Flake RSFT (69mm) cigarette pack by INR 10 to INR 135 (prev. INR 125), following an earlier increase from INR 95 in February 2026. (Economic Times/Moneycontrol) Life Insurance Corporation of India (LICI IN) - Co. October total premiums rose 31.3% Y/Y, while total APE rose 19.5% Y/Y. (Economic Times) Power Grid Corporation of India (PWGR IN) - Co. was declared the successful bidder for a 3x500 MVA, 400/220 kV substation at Humnabad, Karnataka, alongside associated transmission lines, on a build, own, operate and transfer (BOOT) basis, with an annual transmission charge of INR 2.4334bln. (Moneycontrol) SBI Life Insurance (SBILIFE IN) - Co. October total premiums rose 11.6% Y/Y, while individual APE fell 0.9% Y/Y. (Economic Times) Tata Power (TPWR IN) - Co. Q2 (INR) consolidated net rose 48.6% Y/Y to 13.661bln, rev. rose 26.3% Y/Y to 196.359bln, including an exceptional gain of 1.192bln, while the board approved an investment of INR 118.71bln in a 1,800MW pumped storage project. (Moneycontrol) MSCI India Index - Adani Green Energy (ADANIGR IN), Coforge (COFORGE IN), Life Insurance Corporation of India (LICI IN) and Meesho (MEESHO IN) added to the index, while PI Industries (PI IN) was removed, effective after market close on November 30. (Newswires)
Indian pre-market updates covered company earnings, October insurer premiums, a Bajaj Finance QIP, and MSCI India Index changes scheduled for November 30.
News detail
Aurobindo Pharma (ARBP IN) - Co.'s Lannett facility in Seymour, US, received an Official Action Indicated (OAI) classification from the US FDA following an inspection conducted on August 17-21, during which four observations were issued, with the Co. responding within the required timeframe. (Economic Times/Moneycontrol) Bajaj Finance (BAF IN) - Co. launched its qualified institutions placement (QIP) on November 11, setting a floor price of INR 992.25/shr, with a potential discount of up to 5%. (Moneycontrol) Cupid (CUPD IN) - Co. Q2 (INR) net rose 133.2% Y/Y to 562mln, rev. rose 122.7% Y/Y to 1.88bln. (Economic Times) HDFC Life Insurance (HDFCLIFE IN) - Co. October total premiums rose 17.8% Y/Y, total annualised premium equivalent (APE) rose 16.3% Y/Y and individual APE rose 16% Y/Y. (Economic Times) Hindustan Copper (HCP IN) - Co. Q2 (INR) net rose 181.9% Y/Y to 5.181bln, rev. rose 63.7% Y/Y to 11.752bln. (Moneycontrol) ITC (ITC IN) - Co. raised the price of its Gold Flake RSFT (69mm) cigarette pack by INR 10 to INR 135 (prev. INR 125), following an earlier increase from INR 95 in February 2026. (Economic Times/Moneycontrol) Life Insurance Corporation of India (LICI IN) - Co. October total premiums rose 31.3% Y/Y, while total APE rose 19.5% Y/Y. (Economic Times) Power Grid Corporation of India (PWGR IN) - Co. was declared the successful bidder for a 3x500 MVA, 400/220 kV substation at Humnabad, Karnataka, alongside associated transmission lines, on a build, own, operate and transfer (BOOT) basis, with an annual transmission charge of INR 2.4334bln. (Moneycontrol) SBI Life Insurance (SBILIFE IN) - Co. October total premiums rose 11.6% Y/Y, while individual APE fell 0.9% Y/Y. (Economic Times) Tata Power (TPWR IN) - Co. Q2 (INR) consolidated net rose 48.6% Y/Y to 13.661bln, rev. rose 26.3% Y/Y to 196.359bln, including an exceptional gain of 1.192bln, while the board approved an investment of INR 118.71bln in a 1,800MW pumped storage project. (Moneycontrol) MSCI India Index - Adani Green Energy (ADANIGR IN), Coforge (COFORGE IN), Life Insurance Corporation of India (LICI IN) and Meesho (MEESHO IN) added to the index, while PI Industries (PI IN) was removed, effective after market close on November 30. (Newswires)
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