PRE-MARKET INDIAN STOCKS NEWS: Coal India's major coal-producing unit Northern Coalfields stepped up coal output and dispatch as rainfall eased, with production up 67% and supply up 75% as of September 8 versus the September 1-3 average

Coal India (COAL IS) - Co.’s major coal-producing unit Northern Coalfields stepped up coal output and dispatch as rainfall eased, with production up 67% and supply up 75% as of September 8 versus the September 1-3 average. (Economic Times) GMR Airports (GMRI IS) - Co. allotted INR 15bln of non-convertible bonds at 9.56% interest with a tenure of up to 36 months via private placement to refinance existing bonds carrying 10.75% interest. (Economic Times) Hindustan Zinc (HZ IS) - Co. signed a six-year transportation agreement with MFL India for the deployment of 30 electric trucks. (Economic Times) ICICI Prudential Asset Management Company (ICICIAMC IS) - RBI approved the Co. to acquire up to a 9.95% stake in CSB Bank, DCB Bank, Kotak Mahindra Bank and AU Small Finance Bank. (Economic Times) Reliance Industries (RIL IS) - Co. received credit-rating letters from CARE Ratings and CRISIL, with both assigning AAA/Stable ratings. (Economic Times) Union Bank of India (UNBK IS) - Co. said operations at branches and administrative offices across India may be affected after several bank employee and officer unions announced multiple rounds of strikes beginning September 11. (Economic Times) Wipro (WPRO IS) - Co. and CrowdStrike launched a cybersecurity command centre to help companies identify and respond to cyber threats, including AI-enabled threats. (Economic Times) Other News India's Cabinet Committee on Economic Affairs approved five Ministry of Railways projects with a combined cost of INR 100.21bln. (Economic Times)