Here are the top 10 business headlines on Wednesday morning
Morgan Stanley is likely to be appointed the lead banker to manage the overseas listing, while Bank of America Merrill Lynch and Citibank may also be roped in for the IPO, another source informed.
A total of 13 companies including Bajaj Finserv, Colgate Palmolive, and Hindustan Zinc are scheduled to announce their March quarter results later in the day
Reliance Industries will be in focus today as its mega rights issue opens today and closes on June 3
The company said it saw a huge surge in its e-commerce business, with the unit's revenue rising 160% in the first quarter of 2020
Nasdaq's curbs on small Chinese IPOs represent the latest flashpoint in the financial relationship between the world's two largest economies
Today, a total of 12 companies including Cipla, Aaarti Drugs, and M&M Finance are scheduled to announce their results
A total of 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today
Today, a total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today
Hindustan Unilever will be in focus today as UK-based GSK will offload shares worth Rs 26,000 crore in the FMGC major
In terms of corporate results, some heavyweight names will announce their March quarter results today and their impact will be well beyond their individual stocks
Moody's Investors Service has slashed India's growth forecast for calendar year 2020 to 0.2 per cent, from 2.5 per cent projected in March
According to a Business Standard report, the Centre is considering a proposal to guarantee Rs 3 trillion of loans to small businesses as part of a plan to restart economy
The Indian economy and markets, for instance, tend to be hit hard by high oil prices
A major event investors will track today will be the meeting between Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to finalise a second stimulus package
In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today
The Mukesh Ambani-led conglomerate today announced that it has signed binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms
Today, a total of seven companies, including ACC, CRISIL, Den Networks, and ICICI Prudential Life are scheduled to release their March quarter earnings
Energy stocks shed 1.9% and were on track for their sixth slide in seven sessions as the front-month May US West Texas Intermediate (WTI) contract plunged more than 50%