Business highlights

DEL65 BIZ-YESBANK LD-RBI DASRBI Guv assures of 'swift action' to revive Yes Bank, says 30-day moratorium deadline 'outer limit'Mumbai: Yes Bank resolution efforts are aimed at maintaining "stability and resilience" in the Indian financial sector and the difficulties will be overcome "very swiftly", RBI Governor Shaktikanta Das said on Friday.

DEL90 BIZ-YESBANK-FMFM says RBI to look into what went wrong at Yes BankNew Delhi: Finance Minister Nirmala Sitharaman on Friday said the government has asked the Reserve Bank to look into what went wrong at Yes Bank and fix individual responsibilities.

DEL104 BIZ-YESBANK-ADMINISTRATORYes Bank administrator Kumar says working to revive bank 'well before' moratorium period endsNew Delhi: Yes Bank's RBI-appointed administrator Prashant Kumar on Friday said a solution is being worked upon the revive the lender well before the moratorium period of 30 days ends.

DEL79 BIZ-LD STOCKSBenchmarks bleed on global sell-off, Yes Bank crisis; post weekly lossesMumbai: The Sensex plunged 894 points while the Nifty crashed below the key 11,000-mark on Friday as regulatory curbs on Yes Bank triggered a crisis of confidence among domestic investors.

DEL101 BIZ-RUPEE CLOSERupee dives 46 paise to 73.79 against USD Mumbai: The Indian rupee resumed its downward journey after a day's hiatus on Friday, plummeting by 46 paise to 73.79 (provisional) against the US dollar as coronavirus-panicked investors kept assessing deteriorating financial markets.

DEL89 BIZ-RBI-YESBANKSBI has shown interest in investing in Yes Bank: RBIMumbai: The RBI on Friday said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank.

DEL98 BIZ-LD RBI DASIndia's limited integration with global value chain insulates it from coronavirus impact: RBI GuvMumbai: India has limited integration with the global value chain, which "insulates" its economy from the impact of the coronavirus epidemic, RBI Governor Shaktikanta Das said on Friday.

DCM37 BIZ-LD VODAFONE IDEA-AGRVodafone Idea pegs dues payable to govt at Rs 21,533 cr, less than half of DoT estimateNew Delhi: Beleaguered Vodafone Idea Ltd on Friday put its total dues to the government following a Supreme Court order at Rs 21,533 crore -- less than half of what the Department of Telecommunications (DoT) has estimated.

DEL91 BIZ-YESBANK-DISTRESS CUSTOMERSDistress calls, long queues at branches of Yes Bank post withdrawal limitNew Delhi: Distress calls and long queues of customers were witnessed at various branches of Yes Bank after the Reserve Bank of India put a withdrawal limit of Rs 50,000 on Thursday, as the cash-starved private sector lender comes under moratorium for one month.

DCM41 BIZ-STOCKS-LD WEALTHInvestors get poorer by Rs 3.28 lakh cr in market sell-offNew Delhi: A sharp plunge in the equity market made investors poorer by Rs 3.28 lakh crore on Friday as the BSE barometer Sensex plummeted over 1,400 points in early trade led by massive sell-off in banking, metal and energy stocks.

DCM31 BIZ-STOCKS-2ND LD YES BANKYes Bank shares plummet 56 pc after RBI joltNew Delhi: Shares of Yes Bank came under massive selling pressure on Friday, plunging 56 per cent at close, after the cash-strapped lender was placed under a 30-day moratorium.

DCM27 LS-LD SUPPLEMENTARY DEMANDGovt seeks Parliament nod for Rs 54,000-cr additional spendingNew Delhi: The government on Friday sought Parliament nod for an additional Rs 54,000-crore spending mainly to meet its obligation towards GST compensation to states and defence-related expenditure.

DCM8 BIZ-FM-COMPANIES LAWConfident that Parliament will pass changes in companies law: FMNew Delhi: Finance Minister Nirmala Sitharaman on Friday said she was confident that Parliament would pass pass the amendments to the companies law with focus on decriminalisation of various provisions.