PRE-MARKET INDIAN STOCKS NEWS: Reliance Industries (RIL IS) unit Reliance Consumer Products agreed to form a majority-owned joint venture with leading Nigeria business conglomerate Tropical General Investments Group
Reliance Industries' agreement to form a majority-owned joint venture with Tropical General Investments signals significant strategic expansion into the Nigerian market, likely enhancing their footprint in the fast-growing consumer products sector.
Japan sells JPY 1.9tln 5yr JGBs; b/c 3.10x (prev. 3.08x), average yield 1.640% (prev. 1.639%)
US officials say they expect Iran to come to Geneva talks today with concrete concessions regarding its nuclear program, according to Axios
PRE-MARKET INDIAN STOCKS NEWS: Reliance Industries (RIL IS) unit Reliance Consumer Products agreed to form a majority-owned joint venture with leading Nigeria business conglomerate Tropical General Investments Group
[MARKET ANALYSIS] Asia-Pac stocks are mixed amid a lack of fresh catalysts and in extremely-thinned holiday conditions
Shin-Etsu Chemical (4063 JT) announces a JPY 100bln share buyback
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Cochin Shipyard (COCHIN IS) - Co. has been named L1 bidder for a Ministry of Defence contract to construct five Next Generation Survey Vessels for the Indian Navy, with an estimated value of INR 50bln. (Moneycontrol)
Delhivery (DELHIVER IN) - Co. has entered a strategic tie-up with electric mobility startup RIDEV to roll out 150 electric vehicles over the next three months across Northeast India, Bengaluru and Hyderabad. (Moneycontrol)
Reliance Industries (RIL IS) - Co. FMCG arm Reliance Consumer Products has agreed to form a majority-owned joint venture with leading Nigeria business conglomerate Tropical General Investments Group. (Moneycontrol)
JSW Infrastructure (JSWINFRA IS) - Co. board is scheduled to meet on February 20 to evaluate options to raise capital via equity issuance including QIP, rights issue or other permitted routes, or a mix thereof. (Moneycontrol)
Lupin (LPC IN) - Co. has entered into a licence and supply arrangement with Spektus Pharma to market the antidepressant DeslaFlex in Canada. (Moneycontrol)
This deal may improve Reliance's revenue diversification and international presence, making it a noteworthy development for investors and analysts tracking the company's growth trajectory.
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