● Vedanta-Foxconn joint venture has resubmitted an application for a silicon fabrication plant, the new application is for 40-nanometer (nm) node technology. This is in line with the government’s strategy to encourage mature nodes of more than 40 nm.
● Following the merger of the nation's largest private lender HDFC Bank with housing finance major HDFC, HDFC Chairman Deepak Parekh is scheduled to leave his position on June 30.
● REC Ltd announced that it will provide financial assistance of Rs 3,045 crore to Bangalore Metro Rail Corporation Ltd (BMRCL) for the establishment and development of metro lines as part of the phase-II project of Namma Metro.