Business

Bhattacharya previously headed the State Bank of India (SBI), the country's largest lender, and was the first woman to lead the more than 200-year-old bank. She retired from SBI in 2017 after spending four decades in various roles.

Brent crude settled down $3.80, or 11.2%, at $30.05 a barrel. The international benchmark fell as low as $29.52 a barrel, its lowest since January 2016.

Yes Bank Ltd shares zoomed as much as 58% even as the lender reported a loss of Rs 18,564 crore in December quarter after gross NPAs shot up to 18.87% versus 2.1% a year ago.

Chairman Rajnish Kumar said the State Bank of India-led consortium with other banks is not guided by the return on capital principles or investments.

The draft of the scheme, which was announced a day after RBI imposed a month-long moratorium on the bank, noted that all the employees of Yes Bank shall continue in its service with same remuneration and on same terms and conditions of service.

Japan's Nikkei was in free fall, dropping 10% and heading for its worst week since the 2008 financial crisis, while MSCI's broadest index of Asia-Pacific shares outside Japan fell 2%.

Investors, a group that hates uncertainty, are groping their way through what is the worst stock market rout and growth scare in years.

The Indian rupee on March 9, had fell to a 17-month low of 74.17 against the US dollar amid mounting fears of a coronavirus-led economic slowdown.

Prashant Kumar said the bank's target was to make services available at the earliest.

Investor sentiment took a hit due to deep losses in global equities on coronavirus fears.

At 10:40 am, Yes Bank shares were trading at Rs 22.10, down 40%. The stock had rallied nearly 26% to Rs 36.85 in the previous session after reports started surfacing that the government has asked the country’s largest lender State Bank of India (SBI) to b...

Malaysian supplies of palm oil to India have slowed to a trickle since Delhi adopted a hard-line stance after Mahathir criticised actions in Kashmir in September.

The Direct Tax Vivaad Se Vishwas Bill, 2020, piloted by Finance Minister Nirmala Sitharaman, was taken up in the House and approved without any discussion.

The instructions mandatorily require the passengers to undergo complete medical examination and to obtain a certificate from the health centres approved by the Kuwait Embassy in India to confirm that they are free from coronavirus before entering the Gulf...

At 10:55 am, the benchmark BSE Sensex was down 208 points, or 0.5%, to 38,415.69, while the Nifty 50 fell 47.35 points, or 0.42%, to 11,255.95.

The report said a staggering $8.8 trillion value gap was identified in trade between 135 developing countries and 36 advanced economies over the period of 2008-2017.