US stocks open higher on megacap boost

Vodafone Idea (Vi) has started fresh talks with key lenders, including State Bank of India, Punjab National Bank and HDFC Bank, to refinance ₹3,000-4,000 crore of loans, bankers familiar with the matter said.

Tata Group is set to record the highest growth in its history, with both unlisted and listed entities growing upwards of 20%. Importantly, both traditional and new businesses have lined up large capex plans. The traditional businesses will fund their own growth through internal accruals.

The government is considering tweaking the allocation of funds under its electric vehicle subsidy scheme to focus more on replacing diesel buses in public transport, amid allegations that many electric two-wheeler makers had wrongfully claimed incentives.