PRE-MARKET INDIAN STOCKS NEWS: ONGC (ONGC IS) has been asked by the government to build an INR 150bln strategic oil reserve at Mangaluru

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PRE-MARKET INDIAN STOCKS NEWS: ONGC (ONGC IS) has been asked by the government to build an INR 150bln strategic oil reserve at Mangaluru

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HDFC Bank (HDFCB IS) - Co. received RBI approval to extend interim chairman Keki Mistry’s tenure by three months or until a new chairman is appointed. (ET)

Hindustan Petroleum Corp (HPCL IS) - Co. said its joint venture refinery in Rajasthan restarted its crude distillation unit after completing restoration work following a localised fire in April. (ET)

Oil & Natural Gas Corp (ONGC IS) - Co. has been asked by the government to build an INR 150bln strategic oil reserve at Mangaluru. (ET)

Reliance Industries (RIL IS) - Co. AGM is scheduled later today, with Mukesh Ambani expected to provide updates on Jio IPO listing timelines, retail expansion, AI and new energy plans. (ET)

Tata Motors (TTMT IS) - Co. will raise prices of its commercial vehicles by up to 2.5% from July 1 to offset rising input costs. (ET)

Tech - Tata Consultancy Services (TCS IS), Infosys (INFO) and Wipro (WPRO) will be eyed after Accenture trimmed the upper end of its annual revenue growth forecast, raising concerns over discretionary technology spending demand. (ET)

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