Top 10 biz headlines: IT firms on cost-cutting, PE players' post-Covid plan

Here are top 10 business headlines on Wednesday

Owing to lack of visibility and an uncertain business environment, IT services companies, such as Infosys and Wipro, are refraining from giving revenue growth guidance. Banks have parked a record Rs 8.42 trillion of excess liquidity with the RBI.

Here are the top 10 business headlines on Wednesday morning:

Private equity players see new business opportunities in post-Covid world

The Indian private equity players are expecting a growing business opportunity post coronavirus epidemic in providing long-term credit lines to companies as banks and NBFCs are reluctant to offer loans. Read more here

Banks park Rs 8.42 trn of