Business

Shares fell in Indonesia, where numbers of virus cases are rising, while New Zealand and other Southeast Asian markets advanced.

The court said that all telecom companies will have to pay the dues with interest and penalty as was ordered in the main judgment.

At the interbank foreign exchange, the rupee opened at 73.98, then gained further ground and touched a high of 73.92 against the US dollar, registering a rise of 32 paise over its previous close.

Forex traders said investors are on tenterhooks amid mounting fears of a coronavirus-led economic slowdown, even after the Reserve Bank stepped in to maintain sufficient liquidity in the panick-stricken currency market.

The DoT has raised total demand of around Rs 53,000 core for AGR liability of VIL which included interest, penalty and interest on delay in payment of the amount.

Analysts have said if banks, companies and consumers panic, they can set off a chain of retrenchment that can lead to the possibility of a second global financial crisis.

The bank witnessed withdrawals of over Rs 72,000 crore of deposits in the last six months to Rs 1.37 lakh crore, but the Rs 10,000 crore capital infusion, coupled with over 1,000 branches and a strong customer base makes Prashant Kumar confident of Yes Ba...

ICICI Bank, Housing Development Finance Corp Ltd, Axis Bank and Kotak Mahindra Bank too on Friday said they will join the SBI-led consortium and invest in Yes Bank.

The sources, from oil majors and refiners which process crude in Europe, said Saudi state oil company Aramco told them it would supply all requested additional volumes in April.

Ajay Singh, however, exuded confidence that the proactive steps taken by the government to contain coronavirus cases in the country would help to overcome the crisis.

Minister of State for Communications Sanjay Dhotre Dhotre was replying to a question on whether the DoT is yet to work out final figures of AGR liabilities towards the service providers due to variation detected in accounting practices.

The Yes Bank scrip spiked up to 28 per cent to Rs 27.20 on the BSE. On the NSE, it jumped by similar margins to Rs 27.20.

The RBI had put a moratorium last Thursday on the cash-strapped Yes Bank, imposed withdrawal restriction of Rs 50,000 till April 3 and superseded its board through appointment of an administrator.

The Reserve Bank of India on Thursday placed Yes Bank under a moratorium, capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.

ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.

The carrier's shares were down slightly in afternoon trading in Frankfurt, shedding 0.8 per cent to trade at 11.41 euros (USD 12.90), but still outperforming the overall blue-chip DAX index, which was down 3.1 per cent.