PRE-MARKET INDIAN STOCKS NEWS: Wipro (WPRO IN) expanded its partnership with Google Cloud to scale adoption of Gemini Enterprise and agentic AI
Adani Power (ADANI IN) - Co. executed a share purchase agreement to sell its entire stake in subsidiary Chandenvalle Infra Park to AdaniConneX for INR 5.36bln; Chandenvalle will cease to be a subsidiary upon completion. (Moneycontrol)
Apollo Tyres (APTY IN) - Warburg Pincus-owned Emerald Sage Investment sold 27mln shares in the Co., representing a 4.25% stake, for INR 11.75bln. (Moneycontrol)
Bharat Petroleum (BPCL IN) - Co. expects to receive its first Iraqi crude cargo of the fiscal year in the coming days and is willing to lift more Gulf oil on an FOB basis if shipping is available. (Economic Times)
ICICI Prudential Asset Management Company (IPRUAM IN) - Prudential Corporation Holdings sold 9.885mln shares in the Co., representing a 2% stake, for INR 30.30bln at INR 3,065.47/shr to meet minimum public shareholding requirements. (Moneycontrol)
Kotak Mahindra Bank (KMB IN) - Co. said Siddarth Gandotra will step down as CFO of Kotak Mahindra Investments effective Aug. 31, with Hiren Vora appointed from Sept. 1. (Economic Times)
Lenskart Solutions (LENSKART IN) - Existing investor Alpha Wave Ventures II is reportedly likely to sell shares worth up to INR 13.13bln through the stock exchanges' screen-based trading platform; the investor held a 1.22% stake as of end-June. (Economic Times)
Tata Motors Passenger Vehicles (TMPV IN) - Co. unveiled a new customer-facing brand identity, Tata.Cars, for its passenger vehicle business, while Tata Motors Passenger Vehicles remains the legal entity. (Economic Times)
Wipro (WPRO IN) - Co. expanded its partnership with Google Cloud to scale adoption of Gemini Enterprise and agentic AI, with plans to deploy Gemini Enterprise internally and equip more than 10,000 AI-certified specialists with advanced AI tools. (Economic Times)
The named headline is a partnership expansion of a kind that has become routine across Indian IT services: large vendors have been signing broadened hyperscaler and model-vendor agreements to position for enterprise generative AI demand, and such announcements have historically moved the stock only modestly unless accompanied by quantified revenue commitments, which this one lacks. The more mechanically relevant items in the wrap are the stake sales: sponsor and private equity block sales of this sort typically price at a discount to the prior close and weigh on the affected names at the open, with the overhang question being whether further sell-downs follow from the same holders; minimum public shareholding-driven disposals are a recurring, compliance-led feature of the Indian market rather than a signal on fundamentals. The intra-group asset transfer within a large conglomerate fits a pattern of related-party restructuring that draws governance scrutiny more than earnings impact. The refiner's crude sourcing comment is a freight-and-availability story, where the transmission channel is the delivered-versus-FOB differential and shipping availability rather than headline crude prices. Executive moves of the kind flagged at the financial group are generally non-events unless part of a wider turnover pattern.