PRE-MARKET INDIAN STOCKS NEWS: Bharat Heavy Electricals (BHEL IS) received a contract worth INR 20bln-25bln from Dangote Petroleum Refinery & Petrochemicals Free Zone, Nigeria

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There are discussions about creating a fund that would provide Iran with billions of dollars once a final agreement is reached, according to sources cited by CNN

China's Ministry of Commerce says industrial subsidies comply with WTO rules, while it says the OECD report on subsidies lacks clear definitions and is biased

PRE-MARKET INDIAN STOCKS NEWS: Bharat Heavy Electricals (BHEL IS) received a contract worth INR 20bln-25bln from Dangote Petroleum Refinery & Petrochemicals Free Zone, Nigeria

Japan sells JPY 249.8bln in 20yr, 30yr and 40yr JGBs in enhanced liquidity auction; b/c 2.66 (Prev. 3.58)

[MARKET ANALYSIS] Asia-Pac stocks decline after the tech losses on Wall St and uncertain geopolitical climate

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Aurobindo Pharma (ARBP IS) - Co. entered the biologics contract manufacturing business with the inauguration of TheraNym, a INR 12bln facility in Telangana. (ET)

Bharat Heavy Electricals (BHEL IS) - Co. received a contract worth INR 20bln-25bln from Dangote Petroleum Refinery & Petrochemicals Free Zone, Nigeria. (Moneycontrol)

Hero MotoCorp (HMCL IS) - Co. unveiled its first flex-fuel vehicles, the Splendor+ and HF Deluxe. (Moneycontrol)

Lenskart Solutions (LENSKART IS) - SoftBank affiliate SVF II Lightbulb sold 56.5mln shares in the Co. at INR 508.55/shr through a block deal worth around INR 28.73bln. (ET)

Reliance Industries (RIL IS) - Co.’s subsidiary Model Economic Township signed two MoUs with the Haryana Government for a total investment of INR 86.46bln in its township project at Jhajjar. (ET)

Suzlon Energy (SUEL IS) - Co. announced a diversification plan to become a full-stack renewable energy solutions company, including battery storage and a renewable energy co-development platform. (ET)

Tata Motors (TMPV IS) - Co. overhauled its Avinya strategy, pivoting the premium electric vehicle brand towards partnerships and ready-made architectures to accelerate launches. (ET)

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