PRE-MARKET INDIAN STOCKS NEWS: Vodafone Idea (IDEA IS) Q3 (INR) loss 52.9bln (prev. loss 66.1bln Y/Y), rev. rose 1.85% Y/Y to 113.2bln
Vodafone Idea reported a narrower Q3 loss compared to the previous year, signaling some operational improvement, even as revenue growth was modest.
Kia Corp (000270 KS) Q4 (KRW) net 1.47tln (exp. 1.59tln), oper. 1.84tln (exp. 1.91tln), rev. 28.1tln (exp. 28.2tln)
Sources say China approves the first batch of NVIDIA's (NVDA) H200 AI chips for import
PRE-MARKET INDIAN STOCKS NEWS: Vodafone Idea (IDEA IS) Q3 (INR) loss 52.9bln (prev. loss 66.1bln Y/Y), rev. rose 1.85% Y/Y to 113.2bln
Japan sells JPY 400bln in 40-year JGBs; b/c 2.76x (prev. 2.59x), highest accepted yield 3.720% (prev. 3.555%)
Thailand Central Bank Governor says cap in gold trading will take effect in March
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Infosys (INFO IS) - Co. announced a strategic collaboration with Cursor, a leading AI-powered development platform, to help enterprises worldwide accelerate their AI value journey. (Moneycontrol)
Hindustan Zinc (HZ IS) - Vedanta (VEDL IS) approved the sale of up to 67mln equity shares of Hindustan Zinc via an offer-for-sale on January 28th–29th. (Moneycontrol)
Marico (MRCO IS) - Co. Q3 (INR) profit rose 13.3% Y/Y to 4.6bln, rev. rose 26.6% Y/Y to 35.4bln. (Moneycontrol)
Oil & Natural Gas Corporation (ONGC IS) - Co. JVs with Mitsui OSK Lines (9104 JT) entered into shipbuilding contracts with Samsung Heavy Industries (010140 KS) for the construction of two very large ethane carriers. (Moneycontrol)
Vodafone Idea (IDEA IS) - Co. Q3 (INR) loss 52.9bln (prev. loss 66.1bln Y/Y), rev. rose 1.85% Y/Y to 113.2bln. (Moneycontrol)
Other News
RBI and the European Securities and Markets Authority signed an MoU to end a two-year standoff regarding supervisory oversight of Indian central clearing agencies. (Newswires)
This narrowing of losses might be interpreted positively, suggesting potential stabilization in their financials, which could affect investor sentiment and the broader telecom sector in India, particularly as they compete against stronger players.
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