Top headlines: Zee moves NCLAT; Moody's upgrades outlook for 18 cos, banks

Business Standard brings you the top headlines on Wednesday

Moody's raises rating outlook to stable for 18 Indian companies, banks

Moody's Investors Service on Wednesday raised the rating outlook for 18 Indian corporates and banks, including Reliance Industries, Infosys, SBI and Axis Bank, to 'stable' from 'negative'.

This follows the upgrade by the US-based rating agency in India's sovereign rating outlook to 'stable' from 'negative' on Tuesday. The agency had affirmed the sovereign rating at 'Baa3'. Read more

Cabinet approves Rs 4,445-cr PM MITRA Yojana to set up 7 mega textile parks

To realise the vision of Prime Minister Narendra Modi of building an Aatmanirbhar Bharat