PRE-MARKET INDIA STOCK NEWS: Lupin (LPC IS) received final approval by USFDA to market its Metronidazole tablets

Reliance Communications (RCOM IS)
- Ericsson petitioned the National Company Law Tribunal seeking the start of bankruptcy proceedings against the Co. and 2 of its subsidiaries over unpaid dues valued at INR 11.5bln. (ET)

Hindalco Industries (HNDL IS)
- Co. plans to repay a further INR 11bln of debt this month to deleverage its balance sheet. (ET)

Lupin (LPC IS) 
- Co. received received final approval by USFDA to market its Metronidazole tablets. (ET) 

Oil
- India's government may ask state oil companies to absorb fuel price increases as it opposes passing it on due to higher inflation. (Newswires)

Other News
- RBI stated that peer-to-peer lending guidelines will be released soon. There were also reports that RBI is examining feasibility of government-backed cryptocurrency, but is said to be wary of bitcoins. (Moneycontrol) 

14 Sep 2017 - 04:19- EnergyResearch Sheet- Source: Newswires

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