PRE-MARKET INDIAN STOCKS NEWS
Importance
Level 1
India
Miners – India plans to introduce stricter rules for the auction of mineral blocks, potentially including provisions to cancel leases if miners fail to start production within 2 years of signing. (Economic Times)
Piramal Enterprises (PEL IS) – The Co. said its finance arm is raising USD 500mln in FY26 and has secured USD 350mln from International Finance Corp and the Asian Development Bank. (Economic Times)
Reliance Industries (RELIANCE IS) – The Co. has allotted shares in its newly demerged consumer goods arm RCPL to 13 entities backed by marquee financial investors, which will together own 16.45% of the unit while RIL retains 83.55%, following the completion of the demerger from Reliance Retail Ventures. (Economic Times)
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