Moneycontrol Selects: Top stories this evening

The maximum discount will be up to 5.6 percent of the current market price, sources said, adding that the floor price has been set at Rs 1,875 a share. More here.

Moody’s upholds Baa1 rating pertaining to Infosys and TCS 

Diverse operations, a history of strong operating results and profitability, and remarkable free cash flow generating capabilities helped Infosys and TCS remain at Baa1 rating. More here.

Lufthansa reports widespread flight cancellations due to IT systems glitch

Photos and videos from several airports across Germany showed chaos, with thousands of stranded passengers waiting to be checked in. More here.

Volvo to import C4O Recharge CKD kits from China for sale in India

Volvo Car Corporation, the Swedish luxury carmaker, plans to import kits of its electric cars from its facility in China for assembly and sale in India before making them locally. More here.

Ravichandran Ashwin rises to 2nd spot in ICC Test bowlers rankings, Ravindra Jadeja too moves up  

Left-arm spinner Ravindra Jadeja, who made a successful comeback after a knee injury kept him out of action for almost five months, has moved to 16th position following his player-of-the-match winning effort in the Border-Gavaskar Trophy series opener. More here.

Will introduce 2 market segments within six months: Rohit Bajaj of IEX

IEX’s stake in Indian Gas Exchange (IGX) is 47 percent as of now. There is no plan to divest further at this point in time, said Bajaj. More here.