PRE-MARKET INDIAN STOCK NEWS: Bharti Airtel (BHARTI IS) and Tata Teleservices (TTLS IS) are to merge their consumer mobile business

Bharti Airtel (BHARTI IS)
- Co. and Tata Teleservices (TTLS IS) are to merge their consumer mobile business. (Moneycontrol)

NBCC (NBCC IS)
- Co. may buy 3 other government-owned firms to create a mega construction company. (ET)

Sun Pharma (SUNP IS)
- Co. is to raise stake in its Ranbaxy Malaysia unit to 79.5%. (ET)

Tata Consultancy Services (TCS IS)
- Co. Q2 profit rose 8.4% to INR 64.5bln. (Moneycontrol)

Other News
- RBI proposed a foreign exchange platform for retail participants to promote transparent and fair pricing in retail currency markets. (Moneycontrol)

Data Recap
- India Industrial Production (Aug) Y/Y 4.3% vs. Exp. 3.0% (Prev. 1.2%)
- India CPI (Sep) Y/Y 3.3% vs. Exp. 3.5% (Prev. 3.4%)

13 Oct 2017 - 04:28- Research Sheet- Source: Newswires

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