PRE-MARKET INDIAN STOCKS NEWS: Power Grid Corporation of India (PWGR IS) was declared the successful bidder to establish an inter-state transmission system for proposed green hydrogen and green ammonia projects in the Kakinada area

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Japanese Tertiary Industry Index MoM (Apr) M/M 1.3% (Prev. -0.2%)

Anxieties over inflation risk mount ahead of the BoE meeting, with the Bank likely to keep interest rates unchanged, although meeting is set to reflect rising anxiety within the MPC about the inflation risks posed by the energy crisis, according to FT

PRE-MARKET INDIAN STOCKS NEWS: Power Grid Corporation of India (PWGR IS) was declared the successful bidder to establish an inter-state transmission system for proposed green hydrogen and green ammonia projects in the Kakinada area

Ukrainian attack damages two bridges in Russian-held Kherson region, according to TASS

[MARKET ANALYSIS] Asia-Pac stocks rallied after US and Iran agreed to an interim peace deal to end hostilities and reopen the Strait of Hormuz

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Adani Green Energy (ADANIGR IS) - Co. plans to commission a 14GW project. (ET)

Aurobindo Pharma (ARBP IS) - Co. said the US FDA inspection of Eugia Unit-III in Telangana concluded with 11 observations. (Moneycontrol)

Dr Reddy’s Laboratories (DRRD IS) - Co. launched Bosutinib tablets 400mg, a generic equivalent of Bosulif, in the US. (ET)

JSW Energy (JSW IS) - Co. signed a definitive agreement to acquire 100% of Maruti Clean Coal and Power, which owns and operates a 300MW thermal power project in Chhattisgarh. (ET)

LIC (LICI IS) - Co. CEO and MD R Doraiswamy said the insurer will remain focused on strengthening its leadership position while contributing to national development. (ET)

Nestlé India (NEST IS) - Co. rejected social media allegations regarding the alleged presence of infestation in MAGGI noodles, saying tests confirmed the product met quality standards. (ET)

NLC India (NLC IS) - Co. was declared the preferred bidder for the Govindpur Vanadium, Titanium & Aluminous Laterite Block in Telangana. (ET; Moneycontrol)

Power Grid Corporation of India (PWGR IS) - Co. was declared the successful bidder to establish an inter-state transmission system for proposed green hydrogen and green ammonia projects in the Kakinada area. (Moneycontrol)

Reliance Industries (RIL IS) - Co.’s subsidiary Jio Platforms entered the global top 20 in the latest Patent Cooperation Treaty rankings released by WIPO. (Moneycontrol)

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