PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) is reportedly in talks with Venezuela’s PDVSA to acquire all or part of its stakes in two oilfields
Two of UK's largest trade unions are increasing pressure on Andy Burnham not to pick Ed Miliband as the Chancellor, arguing that his North Sea oil policy has damaged jobs in the sector, according to FT
US President Trump posts says he has instructed US government agencies to get ready to move quickly and help Venezuela following two massive earthquakes
PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) is reportedly in talks with Venezuela’s PDVSA to acquire all or part of its stakes in two oilfields
[MARKET ANALYSIS] Asia-Pac stocks are mostly positive with the rebound inspired by blowout Micron earnings
JPMorgan raises KOSPI targets with bull-case target at 15,000 points, base-case at 12,500 points and bear-case at 8,000 points
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Cummins India (KKC IS) - Co. is banking on strong domestic demand to drive FY27 growth, while uncertainty over lasting peace in the Middle East is expected to keep exports under pressure. (ET)
Indian Railway Finance Corporation (IRFC IS) - Co.’s government OFS received strong institutional demand, with the non-retail portion subscribed 1.86x. (ET)
Life Insurance Corporation of India (LICI IS) - Co.’s CFO and key managerial personnel Sunil Agrawal resigned to pursue better prospects. (ET)
Oil and Natural Gas Corporation (ONGC IS) - Co. is reportedly in talks with Venezuela’s PDVSA to acquire all or part of its stakes in two oilfields, contingent on securing a US licence to operate the assets. (ET)
Tata Motors Passenger Vehicles (TMPV IS) - Co. plans to invest INR 375-400bln over the next five years to expand capacity by nearly 45% and introduce new models as part of plans to double annual sales to more than 1.2mln units. (ET)
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