As part of the YES Bank restructuring plan, Life Insurance Corporation of India (LIC) would buy around 1.35 billion shares at a price of Rs 10 apiece, according to a report by business channel CNBC-TV18.

On Thursday, State Bank of India (SBI) had 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.

Airline stocks plunged into deep red on Friday due to the ongoing travel restrictions in the wake of coronavirus outbreak.

Shares of IndiGo and SpiceJet were trading with heavy losses.

InterGlobe Aviation, the parent of the country's largest airline IndiGo, saw its shares slump 14.08 per cent to hit 52-week low of Rs 875.

Tata Steel on Friday said its committee of directors has approved raising Rs 670 crore through issuance of debentures.

The committee of directors has today approved allotment of 6,700...unsecured, redeemable, rated, listed non-convertible debentures (NCDs) having face value of Rs 10,00,000 each for cash aggregating to Rs 670 crore, to identified investors on private placement basis, the company said in a BSE filing.

After a Google employee in Bengaluru tested positive on Thursday, the US-headquartered company has shut its office in the city for a day asking all employees to work from home as a precautionary measure.

We can confirm that an employee from our Bangalore office has been diagnosed with COVID-19. They were in one of our Bangalore offices for a few hours before developing any symptoms. The employee has been on quarantine since then, and we have asked colleagues who were in close contact with the employee to quarantine themselves and monitor their health, said the company in a statement.

The government on Friday extended the deadline for submitting bids for buying 100 per cent stake in Air India till April 30.

The deadline was originally set at March 17.

The government had allowed access to the virtual data room of Air India to interested bidders late in February and allowed them further time till March 6 to pose queries.

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.

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