PRE-MARKET INDIAN STOCK NEWS: Infosys (INFO IS) plans to delist its American Depositary Shares from Euronext Paris and Euronext London

Bank of India (BOI IS)
– Bank of India has recovered INR 70bln worth of SLOCs from other lenders. (Moneycontrol)

Bharti Airtel (BHARTI IS)
– Co. approved raising of around INR 165bln through debt issuances. (ET)

Infosys (INFO IS)
– Co. plans to delist its American Depositary Shares from Euronext Paris and Euronext London. (ET)

State Bank of India (SBIN IS)
– Co. is likely to conduct insolvency proceedings against Burnpur Cement and 4 Patni group companies for more than INR 32.5bln in unpaid loans. (ET)

Other News
– Securities and Exchange Board of India is planning to place restrictions on algo trading through a congestion charge for a prescribed slab. (ET)

Data Recap
– India CPI (Feb) Y/Y 4.4% vs. Exp. 4.7% (Prev. 5.1%). (Newswires)
– India Food Price Inflation (Feb) Y/Y 3.3% (Prev. 4.7%)
– India Industrial Production (Jan) Y/Y 7.5% vs. Exp. 6.4% (Prev. 7.1%)
– India Manufacturing Production (Jan) Y/Y 8.7% (Prev. 8.4%)

(Newswires)