SBI Cards and Payment Services (SBI Cards), a subsidiary of State Bank of India (SBI), has allotted nearly Rs 2,800 crore worth of shares to anchor investors. These are institutional investors that commit to subscribe to the shares in the initial public offering (IPO) ahead of its opening. Many other investors look at the demand and quality of the anchor book to decide whether to apply in the IPO.

Amid rising cases of the novel coronavirus (Covid-19), the captains of Indian pharma industry on Friday said there was no reason to panic over drug supplies in the domestic market. The industry, however, was unanimous that high level of dependence on one geography for key raw materials had to be reduced to mitigate risks.

Meanwhile, Gujarat-based Cadila Healthcare has launched an accelerated research programme for developing a vaccine for Covid-19 with multiple teams in India and Europe.

State-owned power major NTPC on Friday said its 250 mw unit of Barauni Thermal Power Station in Bihar will start commercial operation from March 1.

In a regulatory filing, NTPC said the 250 megawatt (mw) unit of Barauni Thermal Power Station Stage-II (2 x 250 MW) is declared on commercial operation with effect from March 1, this year.

Defence Minister Rajnath Singh on Friday said the Balakot airstrikes had sent out a clear message that infrastructure across the border could not be used as safe havens for terrorists.

If we've to be prepared for the tasks assigned to us, then it's important we maintain credible deterrence at land, air and sea at all times," Singh said at the Centre for Air Power Studies.

The police in Aligarh has issued prohibitory notices to 4,000 people, restricting their movement and warning them of action if there was any trouble in the Uttar Pradesh town on Friday.

The police have issued notices to 200 people with a criminal background under Section 110 (G) of the CrPc and initiated process of the Goonda Act against 50 persons.

The promoters and associates of Suzlon Energy Ltd will infuse upto Rs 400 crore as equity into the troubled renewable energy sector company through various securities as part of a debt restructuring plan.

Tanti Holdings Private Limited (promoter), Shanghvi Finance Pvt. Ltd and associates will infuse capital in company.

Shares of Tata Motors tumbled 10 per cent to Rs 130.50 on the BSE on Friday on reports that the Competition Commission of India is examining allegations that the company and two finance firms of its $100 billion parent group abused their market position while selling commercial vehicles. Besides, heavy selling was seen at the counter as concerns on China-originated coronavirus becoming a pandemic soured sentiment. China is one of Tata Motors' most significant markets in terms of volume and profit.

Normalcy seems to be returning in Delhi after days of violence over the contentious Citizenship Amendment Act (CAA) marked certain areas, especially in the northeast district, in the national capital.

In these trying times, a positive image of brotherhood and social harmony, much in need, was also witnessed in Delhi. Throughout Thursday, locals were seen distributing food and necessary supplies to those who were injured in the riots and now lay recuperating at the Guru Teg Bahadur (GTB) hospital in the national capital.

A postmortem examination of the death of Intelligence Bureau (IB) operative Ankit Sharma, who was slain amid raging communal violence in northeast Delhi, has now revealed a few brutal truths. According to the autopsy report, Sharma was brutally stabbed to death multiple times by a sharp object for over four hours, leading to his death.

The autopsy report states: Multiple abrasion.. deep cut.. by sharp edge objects. The panel of doctors, who carried out post mortem, has clearly stated that he was brutally and repeatedly stabbed, leading to his death.

The Novel Coronavirus scare has now managed to hit stock markets. In the wake of the deadly epidemic, market benchmarks Sensex and Nifty fell at a remarkable rate in the opening session on Friday, leading to share analysts marking February 28 as 'Black Friday'. Investor wealth worth over Rs 5 lakh crore has been wiped off.

Sensex has plunged more than 1000 points and settled at 38,580.32 while Nifty, too, dropped more than 300 points to below 11,300. According to reports, all sectoral indices slipped between 1% to 3%. BSE Midcap and Smallcap indices down over 2% each.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.