PRE-MARKET INDIAN STOCKS NEWS: Bajaj Auto (BJAUT IS) reported June vehicle sales rose 28% Y/Y to 463.2k units

Bajaj Auto (BJAUT IS) - Co. reported June vehicle sales rose 28% Y/Y to 463.2k units. (Newswires)

Bharat Petroleum (BPCL IS) - Co. signed definitive agreements to acquire Videocon Energy Brazil’s entire stake in IBV Brazil Petro. (Economic Times)

Bharti Airtel (BHARTI IS) - Co.’s Airtel Money subsidiary commenced commercial operations as a Type II non-deposit-taking NBFC. (Moneycontrol)

Canara Bank (CBK IS) - Co.’s quarterly business numbers showed credit growth outpaced deposit growth in Q1. (Economic Times)

Coal India (COAL IS) - Co. received a Letter of Award worth INR 28.31bln from Bundelkhand Saur Urja for setting up a 600MW solar plant. (Moneycontrol)

Hero MotoCorp (HMCL IS) - Co. announced its second Global Parts Centre in Tirupati with an investment of more than INR 7.5bln, taking its total investment in Andhra Pradesh to over INR 32bln. (Moneycontrol)

Indian Bank (INBK IS) - Co. Q1 total business rose 13.6% Y/Y to INR 15.28tln, gross advances rose 13.9% Y/Y to INR 6.85tln and total deposits rose 13.3% Y/Y to INR 8.43tln. (Moneycontrol)

Indian Hotels (IH IS) - Co. plans to invest INR 60-75bln in capex over the next five years. (Economic Times)

Lupin (LPC IS) - Co. received the EIR from the US FDA for its Somerset, New Jersey facility with a satisfactory VAI classification. (Economic Times)

Punjab & Sind Bank (PSB IS) - Co. Q1 total business rose 15.33% Y/Y to INR 2.67tln, while total deposits rose 12.16% Y/Y to INR 1.47tln. (Moneycontrol)

South Indian Bank (SIB IS) - Co. Q1 gross advances rose 17.01% Y/Y to INR 1.04tln, while total deposits rose 11.39% Y/Y to INR 1.25tln. (Moneycontrol)

State Bank of India (SBIN IS) - Co. unveiled a suite of AI-powered digital innovations for retail and business banking. (Economic Times)

Tata Technologies (TATATECH IS) - Co. strengthened its global partnership with Tenneco for mobility transformation, with Tenneco expected to invest more than USD 100mln over the next five years. (Moneycontrol)

V-Mart Retail (VMART IS) - Co. Q1 revenue rose 23% Y/Y to INR 10.89bln, while same-store sales growth rose to 9% from 1% Y/Y. (Moneycontrol)