Oil prices on Friday posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply.

The rare combination of severe shocks to both supply and demand has caused the crude market to collapse as producers around the world steel themselves for an unexpected glut of oil in coming weeks.

Microsoft on Friday announced that co-founder Bill Gates has left its board of directors to devote more time to philanthropy.

The 64-year-old stopped being involved in day-to-day operations at the firm more than a decade ago, turning his attention to the foundation named after him and his wife, Melinda.

Prime Minister Narendra Modi is a great friend and it was an incredible two days in India, US President Donald Trump said on his last month's visit to the country.

Trump was on his maiden official visit to India from February 24 to 25. He was accompanied by First Lady Melania and a high-powered delegation comprising senior US administration officials, including National Security Advisor Robert O'Brien.

Infosys is likely to post lower revenue growth of around 7 per cent in organic terms in financial year 2020-21 (FY21), compared to FY20 as the spread of coronavirus (COVID-19) is widely expected to pull down the global economy.

The revenue growth number will be around 200 basis points (bps) lower on constant currency basis than the Bengaluru-headquartered firm is expected to post in FY20, said analysts at ICICI Securities based on their interaction with Infosys Chief Financial Officer Nilanjan Roy.

The Board of Control for Cricket in India (BCCI) on Friday decided to suspend the Indian Premier League (IPL) till April 15 as a precautionary measure against COVID-19 pandemic.

The BCCI is concerned and sensitive about all its stakeholders, and public health in general, and it is taking all necessary steps to ensure that, all people related to IPL including fans have a safe cricketing experience, Jay Shah, Honorary Secretary, BCCI, said.

Apple Inc is reopening all 42 of its branded stores in China on Friday, a company spokesman said, more than a month after they were shut in the wake of the coronavirus outbreak.

The iPhone maker's Chinese website listed the opening time for all stores, which varies from 10:00 am to 11:00 am local time. The website had previously carried an advisory saying not all stores were open.

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.

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