According to Citi, the biggest relief will be for Vodafone Idea because the telecom operator earned 30 percent of its overall EBITDA in the first quarter from IUC.

Sustainability is coming into even sharper focus at Milan Fashion Week. The industry is seeking to show its mettle in big and small ways after 32 leading fashion companies signed off on a set of shared goals presented to the leaders of Group of 7 industrial nations.Here are highlights from Wednesday's shows launching Milan Fashion Week of mostly womenswear previews for spring/summer 2020:

Utkarsh Small Finance Bank (USFB), a microlender backed by RBL Bank, has begun work on its IPO, which is expected to be around Rs 500 crore, reported LiveMint. 

The telecom regulator's move to review the deadline for the effective date of the interconnection usage charge may bring short-term relief for Bharti Airtel and Vodafone Idea but in the long term, it will depend on the market share, said Rajiv Sharma, SBICAP Securities.