PRE-MARKET INDIAN STOCKS NEWS: Reliance to invest INR 1.6tln, Earnings from Adani Total Gas & Nippon Life India
Reliance Industries' announcement of a significant INR 1.6 trillion investment in a new AI-focused data center is strategic, highlighting its commitment to tech and renewable energy.
BoJ maintains its short-term interest rate at 0.75%, as expected; vote split 6-3 to hold (exp. near-unanimous); Nakagawa, Takata and Tamura voted to hike by 25bps to 1.0%
Japanese BoJ Interest Rate Decision 0.75% vs. Exp. 0.75% (Prev. 0.75%, Low. 0.75%, High. 1.00%)
PRE-MARKET INDIAN STOCKS NEWS: Reliance to invest INR 1.6tln, Earnings from Adani Total Gas & Nippon Life India
Meta (META) is preparing to undo Manus acquisition after China banned the deal, WSJ reports citing sources
[MARKET ANALYSIS] Asia-Pac indices broadly lower, DENSO slumps after cutting FY guidance while LG Electronics supports the KOSPI
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India
Adani Total Gas Ltd. (ATGL IS) - Co. Q4 (INR) net rose 9% Y/Y to INR 1.68bln, rev. rose 17% Y/Y to INR 16.95bln. (Economic Times)
AU Small Finance Bank Ltd. (AUBANK IS) - Co. Q4 (INR) net rose 65% Y/Y to INR 8.32bln. (Economic Times)
Bajaj Housing Finance Ltd. (BAJAJHFL IS) - Co. Q4 (INR) net rose 14% Y/Y to INR 6.69bln. (Economic Times)
City Union Bank Ltd. (CUBKR IS) - Co. Q4 (INR) net rose 24.9% Y/Y to INR 3.60bln. (Moneycontrol)
Coal India Ltd. (COAL IS) - Co. Q4 (INR) net rose 12% Y/Y to INR 109.08bln, rev. rose 6% Y/Y to INR 464.90bln. (Economic Times)
Jindal Saw Ltd. (JSAW IS) - Co. Q4 (INR) net fell 52.1% Y/Y to INR 1.39bln, rev. fell 8.2% Y/Y to INR 46.34bln. (Moneycontrol)
Nippon Life India Asset Management Ltd. (NAM IS) - Co. Q4 (INR) net rose 28.8% Y/Y to INR 3.85bln, rev. rose 30.4% Y/Y to INR 7.39bln. The Co. also appointed Saugata Chatterjee as Deputy Chief Executive Officer effective May 1. (Moneycontrol)
Phoenix Mills Ltd. (PHNX IS) - Co. Q4 (INR) net rose 50% Y/Y to INR 4.03bln, rev. rose 21.3% Y/Y to INR 12.33bln. (Moneycontrol)
Punjab & Sind Bank Ltd. (PJSB IS) - Co. Q4 (INR) net rose 35% Y/Y to INR 4.22bln. (Moneycontrol)
Rallis India Ltd. (RALI IS) - Co. Q4 (INR) net loss INR 0.15bln (prev. loss Y/Y), rev. rose 6% Y/Y to INR 4.56bln. (Moneycontrol)
Reliance Industries Ltd. (RIL IS) - Co. is set to invest INR 1.60tln to develop a 1.5GW AI-focused data centre cluster with captive solar and battery storage in Visakhapatnam, Andhra Pradesh. (Economic Times)
Rossari Biotech Ltd. (ROSSARI IS) - Co. Q4 (INR) net rose 33.4% Y/Y to INR 0.46bln, rev. rose 18.2% Y/Y to INR 6.85bln. (Moneycontrol)
Trent Ltd. (TRENT IS) - Co. has fixed May 29, 2026 as the record date for its first-ever 1:2 bonus share issue. (Economic Times)
This move is likely to enhance its operational efficiency and contribute to long-term growth, especially in the face of increasing demand for data services. The investment signals confidence in the Indian market and paves the way for potential partnerships and innovation in this sector.
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