PRE-MARKET INDIAN STOCKS NEWS: Yes Bank (YES IS) board approved raising up to INR 75bln through equity securities and up to INR 85bln through debt securities

Axis Bank (AXSB IS) - Puneet Sharma resigned as the Co.’s CFO, effective August 31, to pursue the next phase of his professional journey. (Moneycontrol)

Bajaj Auto (BJAUT IS) - Co.’s share buyback will open for tender on July 1 and close on July 7 after receiving shareholder approval. (Economic Times)

Bandhan Bank (BANDHAN IS) - Rajeev Mantri resigned as the Co.’s CFO, effective September 25, to pursue another opportunity. (Moneycontrol)

Bharat Petroleum (BPCL IS) - Co. will acquire a 40% stake in Tiki Tar and Shell India for INR 850mln, marking its entry into India’s value-added bitumen market. (Economic Times)

Container Corporation of India (CCRI IS) - Co. signed an MoU with RITES (RITES IS) to collaborate on project management consultancy services for the development and improvement of CONCOR terminals and establishments. (Moneycontrol)

Engineers India (ENGR IS) - Atul Gupta was appointed Chairman & Managing Director of the Co. by the Ministry of Petroleum & Natural Gas. (Moneycontrol)

HDFC Bank (HDFCB IS) - Co. appointed former Financial Services Secretary Rajiv Kumar as part-time chairman for a four-year term, effective June 30. (Economic Times)

Hindustan Unilever (HUVR IS) - Co. appointed Koteshwar L.N. as CEO of its wellness nutrition business Oziva. (Economic Times)

Tata Motors Commercial Vehicles (TMCV IS) - Co. sees a path to exceeding 1mln annual vehicle sales after completing its proposed acquisition of Italy’s Iveco. (Economic Times)

Yes Bank (YES IS) - Co.’s board approved raising up to INR 75bln through equity securities and up to INR 85bln through debt securities. (Moneycontrol)