Shares of YES Bank recorded their sharpest intra-day gain -- 58 per cent -- to Rs 40.40 on the BSE on Monday in an otherwise weak market after the Union Cabinet approved the reconstruction of the crisis-hit private sector lender as per the scheme proposed by Reserve Bank of India (RBI).

At 10:34 am, YES Bank was trading at Rs 38.85, up 52 per cent against its previous day’s close of Rs 25.55 on the BSE. In comparison, the S&P BSE Sensex was down 4.8 per cent at 32,483 points. The counter has seen huge trading volumes with a combined 106 million shares changing hands on the NSE and BSE so far.

Amid the increasing number of confirmed cases of coronavirus in India, all cinema halls, multiplexes, cineplexes and gyms in Noida have been closed till March 31.

All cinema halls, multiplexes, cineplexes, and gyms in the district to remain closed till March 31, in view of COVID-19, Brajesh Narayan Singh, District Magistrate of Gautam Buddh Nagar informed.

Madhya Pradesh Chief Minister Kamal Nath called on Governor Lalji Tandon late on Sunday night.

Coming out of the Raj Bhavan around 12.20 am, Nath told reporters that the governor had called him for a discussion.

India’s $14-billion (or Rs 1-trillion) poultry market has begun a massive culling exercise as consumers keep off chicken products for fear of catching coronavirus. While the Food Safety and Standards Authority of India (FSSAI) has said there is no scientific evidence to prove the virus spreads through consumption of non-vegetarian food, this has had no impact on people, executives at some of the top poultry firms said.

The union government on Saturday notified the YES Bank reconstruction scheme. In line with the scheme, the moratorium on the private lender will be lifted on March 18.

The government has also constituted a four-member board wherein Prashant Kumar, the current administrator of the bank, has been appointed as the managing director and the chief executive officer (MD&CEO) of the bank. Sunil Mehta, the former non-executive chairman of Punjab National Bank, has been appointed the non-executive chairman.

Another case of coronavirus was confirmed in Telangana on Saturday taking the total number of those infected to two, Chief Minister K Chandrasekhar Rao said here.

The patient with travel history to Italy has been admitted to the state-run Gandhi hospital in the city for quarantine purpose, Rao told the assembly.

Five patients, suspected to be infected with COVID-19, escaped from the coronavirus isolation wards of Mayo Hospital in Maharashtra's Nagpur on Friday night. According to updates, three of them have returned while the search is on for the other two. Police will be deployed outside the isolation ward, said Ravindra H Thakare, Nagpur Collector and District Magistrate.

The Infosys in Bengaluru has evacuated one of its satellite office buildings following reports of its employee coming in contact with a suspected coronavirus patient.

The development comes after the Karnataka government advised IT and other professionals working in air-conditioned places to work from home for time being, for about a week, to prevent the spread of the virus.

President of the United States of America Donald Trump on Saturday declared a state of national emergency over the coronavirus pandemic (COVID-19) outbreak to ensure better allocation of funds to tackle the crisis and reflect the seriousness of the situation.

President Trump said that he was declaring a national emergency to free up federal resources, up to the amount of $50 billion, which he described as a large amount of money for states and territories and localities.

Starting March 16, the Supreme Court will only hear matters that are urgent and no persons except the lawyers concerned will be allowed inside the courtrooms. Furthermore, only six Division Benches of the top court will function from March 16 onwards, instead of the usual 14 Benches. The decision was taken by the Supreme Court in the wake of the widespread coronavirus pandemic (COVID-19) outbreak.

The top court's officials met at Chief Justice of India (CJI) Sharad Arvind Bobde's residence on March 12-13 to ponder over the steps that need to be taken in the wake of the virus outbreak.

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