PRE-MARKET INDIAN STOCKS NEWS: Earnings from Jio Financial Services, Tata Communications and Tech Mahindra

Jio Financial Services (JIOFIN IS) - Co. Q2 (INR) net fell 51% Y/Y to 3.4bln, pre-provision operating profit rose 85% Y/Y to 5.74bln. (Economic Times) Reliance Industries (RIL IS) - Co.'s Jio Platforms is preparing for a record INR 300bln IPO, with subscriptions scheduled for October 21-23, as Akash Ambani targets a significant share of India's projected USD 1.4tln digital economy by FY31. (Economic Times) Tata Communications (TCOM IS) - Co. Q2 (INR) net rose 86.3% Y/Y to 3.41bln, EBITDA rose 21.1% Y/Y to 14.22bln, rev. rose 9.6% Y/Y to 66.88bln. (Economic Times) Tech Mahindra (TECHM IS) - Co. Q2 (INR) net rose 6.7% Q/Q to 15.86bln, rev. rose 3% Q/Q to 161.80bln, interim dividend INR 15/shr and approved a 1:1 bonus issue, subject to approvals. (Economic Times) Wipro (WPRO IS) - Co. guided Q3 FY27 constant-currency revenue growth to -1.5% to +0.5% Q/Q. (Economic Times) YES Bank (YES IS) - India's Supreme Court upheld a 2023 Bombay High Court ruling quashing the Co.'s decision to write off approximately INR 84.15bln in Additional Tier-1 bonds during its 2020 financial crisis. (Economic Times)