Business

Drawing strength from its presence in varied sectors, RIL is looking to ensure that all its subsidiaries pull out all stops to support the government in its efforts to contain the deadly coronavirus outbreak.

"We have to work it out. Under the RBI Act, we are not allowed to take any other collateral other than government securities. But we are not looking upon that as an impediment," a senior official said.

Ashok Leyland Ltd shares plunged over 15% after the company approved to acquire up to 19% additional equity shares in Hinduja Leyland Finance for up to Rs 1,200 crore.

Bhattacharya was the first woman to lead the more than two centuries-old State Bank of India, which controls over a quarter of the nation's banking system.

A three-judge bench of the Supreme Court on Wednesday held that no further objections to its orders would be allowed against payable AGR dues.

The RBI announced another round of USD 2 billion dollar-rupee swap on March 23 and up to Rs 1 lakh crore of long-term repo operations as and when required.

In January, the WPI inflation stood at 3.1 per cent and in the year-ago same period it was at 2.93 per cent, as per the data from the commerce and industry ministry.

Market experts are sensing a strong possibility of an off-cycle rate cut after the US Federal Reserve on Sunday reduced its benchmark interest rate to zero and launched a massive quantitative easing programme in an emergency move.

For the week ended 13 March, the benchmark BSE Sensex slid by a massive 3,473.14 points, or 9.2%, to 34,103.48 points, while the Nifty 50 lost 965.80 points, or 8.7%, to 10,023.70 points.

The carnage in the equity market wiped out investor wealth worth Rs 4,79,820.87 crore, taking the total m-cap to Rs 1,39,39,640.96 crore on the BSE.

The Dubai Financial Market dived 8.5 per cent and the Kuwait and Abu Dhabi markets dropped more than 7.0 per cent.

Rashtrasant Tukadoji Maharaj Nagpur University (RTMNU) has an account with Yes Bank, an official informed during its senate meeting.

As COVID-19 spreads quickly from close-knit groups, hot tourist locations are highly likely to be danger zones. Some museums in Milan, Paris and Japan have closed down for the time being to hold up the spread of the virus.

Yes Bank will not be allowed to pay depositors a sum exceeding Rs 50,000 lying in any savings, current or any other deposit account.

Shares in Lufthansa have plunged in recent days as the likely impact of the COVID-19 disease on the aviation sector in particular has become clearer.

The stock was also under pressure after the company announced on Tuesday that production was down 34.4% in February 2020 due to the impact of coronavirus outbreak.