• Reliance Industries: KKR to invest Rs 11,367 crore in Jio Platforms becoming the fifth major investor on board. The transaction values Jio platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. The investment translates into a 2.32 percent equity stake in Jio platforms.
• InterGlobe Aviation: Will be resuming domestic flights from May 25, in a phased manner as per government directives. It also said that it will operate 97 Kerala reparation flights to the Middle-East.
• Bandhan Bank: 49 banking units in 5 districts were impacted due to cyclone AMPHAN. Business of approximately Rs 260 crore can be impacted due to the same. AMPHAN affected portfolio may regularise by Q3FY21.
• ONGC and NTPC: Signed MoU to set up joint venture for renewable energy business. As per the MoU, NTPC and ONGC will explore and set up Renewable Power assets including offshore wind, in India and overseas, and explore opportunities in the fields of sustainability, storage, E-mobility and ESG (Environmental, Social and Governance) compliant projects.
• PFC: Has incorporated 5 SPVs for development of transmission schemes in Rajasthan and Andhra Pradesh.
• SRF: Stated that its BOPET film line has been commissioned and capitalized on May 21, at a cost of Rs 385 crore.
• Coforge (formerly NIIT Technologies): Buyback opens on May 29 and closes on June 11.
• Music Broadcast: Partners with Spotify to provide the former’s content. The radio channel’s audio intellectual property rights will be available to millions of users on Spotify.
• Emami: CCI has approved acquisition of 100 percent stake in Emami Cement by Nuvuc Vistas.
• TTK Prestige: In its update due to Covid-19, the company says that sales that could not be effected in the March quarter due to shutdown is estimated at Rs 70 crore.

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• Benchmark indices ended lower as tensions between U.S. and China rise
• S&P 500 ended lower by 0.8 percent with losses led by energy, technology and utility stocks
• S&P 500 fails to end above its 100-Day Moving Average. It hasn't managed to do so since February this year.
• A report showed another 2.44 million Americans claiming jobless benefits.
• The Bloomberg Dollar Spot Index rose 0.2 percent.
• Yield on the 10-year treasury stood at 0.67 percent.
• West Texas Intermediate Crude rose 1.2 percent to $33.94 per barrel. The commodity trades flat today.

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