Mumbai is set to host the 2023 International Olympic Committee's session after the IOC Executive Board recommended the Indian city for the annual conference.

The EB decided to put Mumbai's candidature to a vote of the members after the IOC Evaluation Commission praised the quality of the facilities at the Jio World Centre, which is the potential venue for the meet.

A dowry harassment complaint has been filed against Flipkart co-founder Sachin Bansal by his wife Priya Bansal in Bengaluru, according to LiveMint. Four persons have been named in the FIR — Sachin Bansal, his father Satprakash Aggarwal, mother Kiran Bansal and brother Nitin Bansal. The FIR was filed at Koramangala police station under two sections of the Indian Penal Code- 498A (dowry harassment), 34 (criminal intent) and under section 3 and 4 of the Dowry Prohibition Act.

All India Bank Employees’ Association (AIBEA) and All India Bank Officers Association (AIBOA) have decided to go on strike on March 27 against the government's decision to go for a mega bank merger, which was approved by the Cabinet on Wednesday.

Banks are themselves facing problems due to the huge pile of bad loans. While the public sector banks made a total gross profit of Rs 150,000 crore for the year ended 31-3-2019, because of total provisions towards bad loans, etc amounting to Rs. 216,000 crore, the banks ended with a net loss of Rs. 66,000 crore, said C H Venkatachalam, general secretary, AIBEA.

The government on Wednesday approved a scheme for the amalgamation of 10 state-owned banks into four, putting to rest any doubts about a possible delay in the process.

Effective from April 1, 2020, the balance sheets as well as stocks of these banks will be integrated, according to the scheme of amalgamation approved by the Union Cabinet.

The trade impact of the coronavirus epidemic for India is estimated to be about $348 million and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a UN report.

Estimates published by United Nations Conference on Trade and Development (UNCTAD) Wednesday said that the slowdown of manufacturing in China due to the coronavirus (COVID-19) outbreak is disrupting world trade and could result in a 50 billion dollar decrease in exports across global value chains.

South Korea's total number of novel coronavirus cases— the largest outside China, where the disease first emerged — approached 6,000 on Thursday as authorities reported 145 new infections.

The total stood at 5,766, the Korea Centers for Disease Control and Prevention said, with 35 deaths.

India's largest poultry enterprise Suguna is to invest around $67.2 million in India, Bangladesh and Kenya. The proposed investment will be backed by International Finance Corporation (IFC).

Coimbatore-based Suguna is one of the leading poultry integrators in India with operations covering all areas of the poultry sector.

A positive case of H1N1 (swine flu) has been detected at the Bengaluru office of e-commerce giant Amazon. The employee did

not show any signs of flu while at work and had stopped coming to office five days ago, said a source.

Mindspace IT Park, Hyderabad’s largest office hub spread over several acres, was a centre of panic on Wednesday as a techie tested positive for coronavirus. The complex, housing many marquee brands, caught on to the news in no time, prompting employers to send their staff home.

An employee of Dutch company DSM Shared Services, the software professional had recently returned from an assignment in Italy. Hers was the second confirmed case of the virus in Telangana.

Construction and engineering major Larsen & Toubro (L&T) is set to reduce its debt by Rs 30,000 crore in the next financial year by selling its entire stake in L&T Infrastructure Development Projects (IDPL) and Nabha Power, and transferring its stake in Hyderabad Metro to an infrastructure investment trust (InvIT).

S N Subrahmanyan, chief executive officer (CEO) and managing director (MD) of L&T, said the plan for the next financial year was to become asset light and reduce debt wherever possible.

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