PRE-MARKET INDIAN STOCKS NEWS: L&T Technology Services (LTTS IS) Q1 (INR) net profit rose 13% Y/Y to 3.57bln, rev. rose 11.5% Y/Y to 29.40bln
US Secretary of State Rubio condemns Iran's strikes on Jordan as unacceptable, according to Fox News
Goldman Sachs says if Gulf export recovery remains stalled and an output rebound is delayed, Brent crude could exceed USD 110/bbl in Q4 2026
PRE-MARKET INDIAN STOCKS NEWS: L&T Technology Services (LTTS IS) Q1 (INR) net profit rose 13% Y/Y to 3.57bln, rev. rose 11.5% Y/Y to 29.40bln
[MARKET ANALYSIS] Asia-Pac stocks take impetus from the gains on Wall St, where sentiment was underpinned and Fed rate hike bets were trimmed on soft CPI data
Stripe and Advent make a joint bid for PayPal (PYPL) which values the Co. at more than USD 53bln, according to sources
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Delhivery (DELHIVER IS) - Co.’s wholly owned subsidiary Delhivery Financial Services received RBI approval for registration as a Type II non-deposit-taking NBFC. (Economic Times)
Hero MotoCorp (HMCL IS) - Co.’s board approved an additional investment of up to INR 10bln in associate company Ather Energy, in which it currently holds a 29.48% stake. (Economic Times)
IDBI Bank (IDBI IS) - Fairfax is set to acquire a stake in the Co. through a USD 5.5bln transaction, representing the largest foreign investment in an Indian bank. (Economic Times)
L&T Technology Services (LTTS IS) - Co. Q1 (INR) net profit rose 13% Y/Y to 3.57bln, rev. rose 11.5% Y/Y to 29.40bln. (Economic Times)
Tata Elxsi (TELX IS) - Co. Q1 (INR) net profit rose 18.2% Y/Y to 1.71bln, rev. rose 14.5% Y/Y to 10.21bln. (Economic Times)
Trade - The India-UK free trade agreement takes effect today, providing duty-free access for Indian exports. (Economic Times)
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