 "Top 10 biz headlines: Reliance eyes Nasdaq, shrinking GDP and more")
An overseas listing may be on the cards for Jio Platforms, the digital and telecommunications subsidiary of Reliance Industries (RIL). Fitch ratings, CRISIL, and SBI Research have drastically cut India’s economic growth forecast in the current fiscal year due to a prolonged lockdown. Here are the top ten business headlines on Wednesday morning.
Reliance looks at Nasdaq listing for Jio Platforms; IPO likely by 2021
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. Read more
