Lender IndusInd Bank on Wednesday reiterated that it is financially strong, well-capitalised, profitable, and a growing entity with strong governance.

The bank's statement comes in the wake of significantly higher level of speculation around its stock.

On Wednesday, the bank's stock on the BSE fell by Rs. 61.10 or 9.20 per cent to close at Rs. 603.05 from its previous close.

Maharashtra Chief Minister will on Tuesday take a decision on suspending the lifeline of Mumbai, the local train services for some days as the number of confirmed cases of coronavirus in the state rose to 39 on Monday. The decision is said to be a measure to prevent the spread of the virus as lakhs of people use the local trains to commute.

The matter is being discussed at the state cabinet meeting on as the Maha Vikas Aghadi government has maintained that the virus must not be allowed to spread from 'Phase II to Phase III' at any cost.

The Taj Mahal will be closed for tourists from Tuesday onwards amid the novel coronavirus pandemic.

Officials said that the decision was communicated to them on Monday night by the Ministry of Tourism in New Delhi.

The Taj Mahal's closure will be a major jolt to the domestic tourism industry, particularly the hospitality sector since the shutdown would lead to more cancellation of bookings in Agra.

Regulator Sebi has barred Paramount Printpackaging and its officials from the capital markets for five years for diverting the proceeds of initial share-sale and failing to make true and adequate disclosure in the IPO papers.

The officials that have been restrained are the company's chairman and managing director Divyesh Ashwin Sukhadia, whole time director Dharmesh Ashwin Sukhadia and former whole-time director Anuj Vipin Sukhadia.

Shares of Infosys were trading lower for the second straight day, sliding 3 per cent today to hit a 52-week low of Rs 565, on the BSE. The stock of the IT consulting & software firm was trading at its lowest level since April 19, 2018.

In the past two days, the market price of Infosys has slipped 12 per cent, as compared to a 7 per cent decline in the S&P BSE Sensex.

Shares of Zee Entertainment Enterprises (ZEEL) cracked 10 per cent to an over 7-year low of Rs 150.05 on the BSE on Tuesday in an otherwise firm market. In comparison, the S&P BSE Sensex was up 0.6 per cent at 31,578 points at 11:18 am.

The stock of the broadcasting & cable TV operator was trading at its lowest level since July 2012. and has now declined for four straight trading sessions. The counter has seen huge trading volumes with a combined 12.9 million shares changing hands on the NSE and BSE so far.

The Federation of Automobile Dealers Associations (FADA), on behalf of its members, has approached the Supreme Court with an interlocutory application and an application seeking modification in its earlier order, which put a ban on sellling or reistering BS-IV vehicles across the country.

In October 2018, the apex court directed that …no motor vehicle conforming to emission standard Bharat Stage-IV shall be sold or registered in the entire country with effect from April 1, 2020.

State-owned Indian Oil Corp (IOC) is looking to set up an LPG bottling plant in Mizoram, besides upgrading 100 retail outlets across the Northeast in the next financial year, a senior official said.

The company is currently in talks with the Mizoram government for setting up the bottling plant in the state, said G Ramesh, chief general manager of the IOC.

In view of the coronavirus pandemic outbreak in the state, the Maharashtra government has decided to shut down the entry of devotees into the Siddhivinayak Temple in Mumbai from Monday evening till further notice. This is presumably being done to mitigate public gatherings with an aim to cut the virus off from spreading.

On Monday, the total number of positive cases of COVID-19 infection in Maharashtra rose to 38, making it the worst-affected state in the country with the disease.

The global aviation association has warned that travel restrictions and flight cancellations imposed because of the COVID-19 pandemic had severely limited cargo capacity needed to ship medicines.

The International Air Transport Association urged governments on Monday to keep air cargo flowing to prop up supply chains and transport medical necessities during the deadly new coronavirus outbreak.

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