PRE-MARKET INDIAN STOCKS NEWS: Vedanta (VEDL IS) subsidiaries Vedanta Oil and Gas, Vedanta Power, Vedanta Aluminium Metal, and Vedanta Iron and Steel will list on June 15

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Chinese investors rush to open Hong Kong bank accounts amid Beijing crackdown, according to FT

Axios reports that anticipated US-Iran MOU calls for the immediate restoration of navigation through the Strait of Hormuz with no charges on vessel passage, and Iran will commit under memorandum of understanding to not seek possession of a nuclear weapon

PRE-MARKET INDIAN STOCKS NEWS: Vedanta (VEDL IS) subsidiaries Vedanta Oil and Gas, Vedanta Power, Vedanta Aluminium Metal, and Vedanta Iron and Steel will list on June 15

India is willing to let fiscal gap widen to as much as 4.8% of GDP from a previous 4.3%, according to Bloomberg

[MARKET ANALYSIS] Asia-Pac stocks rallied after Trump cancelled planned strikes on Iran and flagged a US-Iran deal

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Adani Enterprises (ADE IS) - Co.’s joint venture AdaniConneX acquired a 100% equity stake in Madhuvanti Build Estate from Adani Infra. (Moneycontrol)

Dabur India (DABUR IS) - Co.’s Silvassa manufacturing plant was inspected by the US FDA, which identified certain deficiencies related to data integrity and maintenance lapses. (Moneycontrol)

Indian Railway Catering and Tourism Corporation (IRCTC IS) - Co. said the Government of India appointed Rajneesh Narain as Director (Finance). (Moneycontrol)

Infosys (INFO IS) - Co. completed and contributed to the CMMI AI Maturity Framework and Pilot Assessment conducted by the CMMI Institute. (Moneycontrol)

State Bank of India (SBIN IS) - Co. said the Government of India appointed Sanjay Lohiya as a Director on its Central Board of Directors. (Moneycontrol)

Vedanta (VEDL IS) - Co.’s subsidiaries Vedanta Oil and Gas, Vedanta Power, Vedanta Aluminium Metal, and Vedanta Iron and Steel will list on June 15. (Moneycontrol)

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