PRE-MARKET INDIAN STOCKS NEWS: Reliance Industries (RIL IS) strongly denied claims of Russian oil imports to its Jamnagar refinery, in which it stated that reports are “blatantly untrue” and are “tarnishing” its image
Reliance Industries’ strong denial of claims regarding Russian oil imports is significant as it addresses potential reputational risks amid geopolitical tensions.
South Korea's President Lee says had a serious talk with China regarding supply chains and peace on the Korean Peninsula
Baidu's (9888 HK) AI chip arm Kunlunxin aims to raise up to USD 2bln in Hong Kong IPO, according to Bloomberg citing sources
PRE-MARKET INDIAN STOCKS NEWS: Reliance Industries (RIL IS) strongly denied claims of Russian oil imports to its Jamnagar refinery, in which it stated that reports are “blatantly untrue” and are “tarnishing” its image
Thailand CPI YY (Dec) -0.3% vs Exp. -0.3% (Prev. -0.5%)
Thailand Core CPI YY (Dec) 0.6% vs Exp. 0.7% (Prev. 0.7%)
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Jubilant Foodworks (JUBI IS) - Co. Q3 consolidated revenue from operations rose 13.4% Y/Y to INR 24.4bln. (Moneycontrol)
Reliance Industries (RIL IS) - Co. strongly denied claims of Russian oil imports to its Jamnagar refinery, in which it stated that reports are “blatantly untrue” and are “tarnishing” its image. (Moneycontrol)
Titan Company (TTAN IS) - Co. domestic business grew 38% Y/Y and international business grew 79% Y/Y in Q3. (Moneycontrol)
Yes Bank (YES IS) - Co. received approval from the National Securities Depository for the transfer of its demat undertaking under the retail division to its subsidiary, Yes Securities. (Moneycontrol)
Other News
India’s parliamentary budget session may start from January 28th and the Union Budget is likely to be tabled on February 1st, according to sources. (ET)
This could impact investor sentiment and stock performance, particularly if those allegations were affecting public perception or regulatory scrutiny. Monitoring how the market reacts to this clarification will be essential, given the sensitivity surrounding energy imports amid global sanctions.
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