In what has now been confirmed as the first death in India due to the Novel Coronavirus pandemic, the samples of a 76-year-old man who passed away on Tuesday in Karnataka's Kalaburagi have now tested positive for the virus infection.

A statement issued by B Sriramulu, Minister for Health and Family Welfare of Karnataka, read, "The 76-year-old man from Kalburgi who passed away and was a suspected COVID 19 patient has been Confirmed for COVID 19. The necessary contact tracing, isolation and other measures as per protocol are being carried out. Telangana government has also been informed since he went to a private hospital there."

The Coronavirus outbreak has taken the world by a storm, with governments globally scrambling to control the outbreak, which has so far infected over 125,000 people and killed more than 4,500 across 114 countries. Even as the virus forces countries to quarantine citizens, lock down borders and suspend travels, the number of recoveries across the world so far has been 68,000, according to data collated by the Johns Hopkins University & Medicine.

The data show that over 50,000 people have recovered in China’s Hubei province alone. Hubei has been the most affected by the outbreak.

State Bank of India (SBI) on Thursday said it would infuse Rs 7,250 crore into ailing YES Bank to pick up to 49 per cent equity as part of the Reserve Bank of India-mandated bailout plan.

SBI will pick 7,250 million shares at Rs 10 each, and its shareholding will remain within 49 per cent of the paid-up capital of the private sector lender.

Maharashtra Navnirman Sena (MNS) chief Raj Thackeray on Wednesday said that the Maha Vikas Aghadi (MVA) government is 'threatening' the people over the novel coronavirus.

Thackeray also said that imposing restrictions on the citizens is making them 'panicky'.

The moratorium on Yes Bank could have a transitory impact on most corporates exposed to the bank, and delays in resuming normal services may impact the near-term liquidity of some of its customers, rating agency Ind-Ra said.

India Ratings and Research (Ind-Ra) has carried out a first-cut assessment of the impact of the recently imposed moratorium on Yes Bank's...withdrawals till April 3, 2020. The disruption could be transitory for most corporates exposed to the bank, given the administrator's statement of resuming the full operational status by next week, the rating agency said.

With the coronavirus reaching tech parks, campuses of multinational companies and even schools and colleges in Bengaluru, the IT city is gearing up to shoot the trouble with the help of technology. The city has so far reported four positive coronavirus cases.

As more employees opt for work from home in this time of crisis, start-ups are launching a suite of products to support collaboration and communication among workers.

In an unprecedented move, India has suspended all visas till April 15 barring few exceptions as fears grow over coronavirus outbreak. This comes into effect on March 13, Friday at 1200 GMT. The exceptions are provided for diplomatic, official, UN/International Organizations, employment & project visas.

Visa-free travel facility granted to OCI cardholders has also been suspended till April 15, 2020, and come into effect from 1200 GMT on March 13, 2020, at the port of departure.

The special cell of Delhi Police on Thursday arrested Popular Front of India president Parvez and secretary Mohammad Illiyas for their alleged connection with the Shaheen bagh protest. The latter is a resident of Shiv Vihar and has even contested election from Karawal Nagar.

Police have also claimed that PFI was involved in the recent riots in northeast Delhi.

The total market capitalisation of companies listed on the Bombay Stock Exchange (BSE) hit an over 32-month low on Thursday as the benchmark indices crashed over 7 per cent after the World Health Organization (WHO) declared the worldwide outbreak of the new coronavirus as pandemic.

Investors had lost a whopping nearly Rs 11 trillion in the stock markets till 11:10 am today. The total investor wealth, measured in terms of the cumulative market value of all listed stocks on the BSE, fell by Rs 10.97 trillion to Rs 126.15 trillion, exchange data shows.

Fuel prices were further reduced on Thursday due to slump in demand after the coronavirus was declared pandemic. The price of petrol was reduced by 15-16 paise and that of diesel by 12-13 paise across all major cities in the country.

Petrol now costs Rs 70.14 per litre in Delhi, Rs 75.84 per litre in Mumbai, Rs 72.83 a litre in Kolkata and Rs 72.86 per litre in Chennai after the price cut.

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