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

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)