Business News Live: GIFT Nifty flat, oil rises; SpaceX eyes $75 billion IPO, IndiGo suspends Manchester flights | Moneycontrol News

Business News Live: A quick catch-up of top business updates from June 2

Indian markets are likely to see stock-specific action on Wednesday amid a series of corporate announcements, regulatory developments, order wins and fundraising plans.

Infosys expanded its partnership with Norway's DNB Bank to modernise financial crime operations using the NICE Actimize X-Sight platform.

Vedanta said the Enforcement Directorate visited some offices of the company and subsidiary Hindustan Zinc as part of an ongoing probe. The company said it is cooperating with authorities.

John Cockerill India secured an order worth Rs 1,250-1,300 crore from JSW Vijayanagar Metallics for a CRNO project, while Canara Bank approved plans to raise up to Rs 8,500 crore through Basel III-compliant bonds.

Adani Ports and Special Economic Zone reported 16 percent growth in May cargo volumes at 48.3 MMT, led by liquids and containers.

InterGlobe Aviation said IndiGo will suspend Manchester flight operations from August 31 due to airspace restrictions and elevated operating costs.

Among pharma names, Concord Biotech received USFDA approval for Mycophenolate Mofetil oral suspension, while Bliss GVS Pharma said its Palghar facility received WHO GMP compliance clearance.

In deal activity, promoter group entities sold a 1.5 percent stake in Alkem Laboratories through block deals worth over Rs 900 crore. Axis Mutual Fund sold shares worth Rs 47.56 crore in Neogen Chemicals.

Other companies in focus include Dhanuka Agritech on its buyback offer, Advait Energy Transitions after signing a battery storage agreement with GUVNL, and Rajnandini Fashion India on SME listing debut.