Business highlights

DEL75 BIZ-LD YES BANKAbsolutely no worries on liquidity front, says Yes Bank CEO-designateMumbai: Yes Bank CEO-designate Prashant Kumar on Tuesday said there are absolutely no worries on the liquidity front and that complete operational normalcy would be restored from 6 pm on Wednesday.

DEL74 BIZ-LD STOCKSNo respite: Sensex collapses in fag-end selloff, Nifty ends below 9,000Mumbai: Stock indices erased early gains to sink deeper into red on Tuesday as the global equity rout intensified amid the coronavirus-triggered recession fears.

DCM25 BIZ-COMPANIES BILLGovt proposes decriminalising offences, direct overseas listing in cos lawNew Delhi: Decriminalising offences, allowing direct overseas listing of companies, relaxing CSR norms and setting up National Company Law Appellate Tribunal (NCLAT) benches are among the proposals in the latest bill to amend the companies law.DCM6 BIZ-MUTUALFUNDS-DEBTHit by pullout from liquid schemes, debt MFs see Rs 28,000 cr outflow in FebNew Delhi: Mutual funds focussed on investing in fixed-income securities saw an outflow of nearly Rs 28,000 crore in February, after registering an infusion of over Rs 1 lakh crore in the preceding month, mainly on account of a massive pullout from liquid funds.

DEL82 CORONAVIRUS-AVI-GOAIRCoronavirus: GoAir suspends int'l services, offers leave without pay programme for employeesMumbai: Budget carrier GoAir on Tuesday announced suspending international operations and offering leave without pay programme for its staff on a rotational basis, amid sharp decline in air travel due to the coronavirus pandemic.

DCM33 BIZ-ONGCONGC starts pumping gas from KG blockNew Delhi: State-owned Oil and Natural Gas Corp (ONGC) has begun gas production from its most promising block in the Krishna Godavari basin in the Bay of Bengal and is planning a ramp up production in coming weeks, officials said.

DEL95 BIZ-RUPEE-CLOSERupee settles marginally down at 74.28 against US dollarMumbai: The rupee pared its initial gains to settle marginally lower at 74.28 (provisional) against the US dollar on Tuesday amid continued meltdown in equity markets and sustained foreign fund outflows.

DCM34 CORONAVIRUS-BIZ-AMAZON INDIAOut of stock on some popular items, working with partners to ensure availability: Amazon IndiaNew Delhi: Amazon India has said it is working extensively with seller partners to ensure product availability, and bringing on additional capacity for delivery, after stocks ran out on some popular items, especially in the household staples category.

DCM31 CORONAVIRUS-BIZ LD FORDCoronavirus: Ford asks 10,000 employees in India to work from homeNew Delhi: US auto major Ford has asked its 10,000 employees in India, except those in business-critical roles, to work from home with similar steps being taken by Swedish luxury car maker Volvo and Fiat Chrysler India in the wake coronavirus pandemic.

DCM12 BIZ-INDIAINC-OVERSEAS INVESTMENTOverseas investment by Indian cos in Feb at USD 2.37 bnMumbai: Overseas investment by domestic firms stood at USD 2.37 billion in February 2020, as per RBI data.