Reliance Jio seems to be very interesting for social networking giant Facebook, as market reports suggests that the latter intends to buy 10 per cent stake in Mukesh Ambani’s Jio.

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Company has guided incremental revenue from this expansion of nearly Rs 65 crore. With the above said expansion, the total capacity of company’s AAC plant at Dahej now stands at 42,420 TPA.

Electric power transmission company, Sterlite Technologies, has approved the buyback of equity shares of up to Rs 145 crore.

Wednesday’s trading session remains a very crucial day to watch out, if the index manages to hold above 7,511 levels and witness a higher close with a higher high, it could result in the formation of a temporary bottom. Stocks in news: Gujarat Alkalies & Chemicals, Apollo Tyres, Rallis India, India Grid Trust, IRCON, Nestle India.

Indian markets will have to brace for another rocky start despite buoyancy seen across the global markets. The key factor holding the bulls back is the 21-day nationwide lockdown announced by Prime Minister Narendra Modi on Tuesday to contain the spread of COVID-19. The market participants fear the economic fallout from the lockdown. SGX Nifty is trading 184 down at 7,669 levels.

On the stock specific front, indices were topped by IT major Infosys, which closed higher by 13 per cent.

Hexaware Technologies Ltd today announced that it has achieved Guidewire PartnerConnect specialisation: Guidewire Digital EMEA. Hexaware is a Guidewire PartnerConnect consulting partner at the select level and works with Guidewire in EMEA and APAC.

Arman Financial Services Ltd, a leading Gujarat-based non-banking financial company (NBFC), announced that its wholly-owned subsidiary-Namra Finance Ltd, which manages the microfinance business of the group, raised Rs 66.3 crore of debt capital from Micro Units Development and Refinance Agency (MUDRA) and IIV Mikrofinanzfonds, Germany (external commercial borrowing).

On the other hand, a lower crude oil price is likely to benefit the aviation companies as they have reduced the fare to pass on the benefit as well as to boost the demand. However, grounding of the domestic and international flights would weigh on the benefit of lower crude oil prices.