PRE-MARKET INDIAN STOCK NEWS: Siemens India (SIEM IS) is part of a consortium including Rail Vikas Nigam (RVNL IS) which secured an order from Bangalore Metro Rail Corp for the electrification of the Bengaluru Metro phase 2 project

FSN E-Commerce Ventures (NYKAA IS) - Canada Pension Plan Investments offloaded partial stake in the Co. through block deals in which it sold 14.7mln shares or a 0.5% stake in the Co. (ET)

Glenmark Life Sciences (GLS IS) - Co. promoters Glenmark Pharma and Glenn Mario Saldanha are to sell 7.85% stake in the Co. (ET)

Power Grid (PWGR IS) - Co. approved borrowing funds of up to INR 160bln during FY25/26 through domestic bonds. (Moneycontrol)

Siemens India (SIEM IS) - Co. is part of a consortium including Rail Vikas Nigam (RVNL IS) which secured an order from Bangalore Metro Rail Corp for the electrification of the Bengaluru Metro phase 2 project. (ET)

State Bank of India (SBIN IS) - Co. raised INR 100bln through its sixth infrastructure bond issuance. (Moneycontrol)

Tata Elxsi (TELX IS) - Co. Q1 (INR) net fell 3% to 1.8bln. (ET)

Zee Media (ZEEMEDIA IS) - Co. appointed Karan Abhishek Singh as its CEO effective July 10th. (ET)

Zydus Lifesciences (CDH IS) - Co. and subsidiaries received approval from the US FDA to market Sacubitril and Valsartan Tablets. (Moneycontrol)

Financials - RBI expanded the scope of remittances to International Financial Services Centres under the Liberalised Remittance Scheme allowing Indian residents to open foreign currency accounts in GIFT City. (Livemint)

11 Jul 2024 - 04:42- Fixed IncomeResearch Sheet- Source: Newswires