Shares of YES Bank declined 5 per cent to hit a six-week low of Rs 53.40 on the BSE ahead of the board meeting slated for later today to finalize and approve the details of the preferential allotment.

The stock of private sector lender was trading at its lowest level since October 29, 2019. In the past eight trading days, it has fallen 24 per cent, as compared to a 2 per cent decline in the S&P BSE Sensex.

Shares of PC Jeweller continued to trade under pressure and slipped 5 per cent to hit a fresh all-time low level of Rs 23.50 on the BSE on Tuesday after rating agency CRISIL downgraded its long-term and short-term ratings to the company's bank loan facilities to CRISIL D. The instruments with this rating are in default or are expected to be in default soon, as per the rating agency.

Shares of information technology (IT) services were trading in the red in the early trade on Tuesday as the rupee hit around one month-high against the US dollar. The domestic currency opened at 70.96 against Monday's close of 71.04.

At 09:51 am, the Nifty IT index was trading over a per cent lower at 14,977 levels with all the 10 constituents in the negative territory.

Good news is around the corner for consumers as wholesale onion prices at Lasalgaon, the country's largest wholesale market for the bulb, dropped to Rs 4,500 per quintal on Monday. Last week, wholesale prices had touched Rs c11,000 per quintal in some of the Agriculture Produce Market Committees (APMCs) in Nashik. Retail onion prices had crossed Rs 160 per kg and even Rs 200 per kg in some cities across the country.

Abdus Salam was a brilliant Physicist, a rare prodigy who went on to win the Nobel Prize in Physics. He was born in 1929 in Punjab in what was then undivided India. Salam can also be considered the father of Pakistan's nuclear and space programs, which he anchored till he left the country, in protest. Salam was a devout Muslim of the Ahmadi sect. In 1974, the Bhutto government in Pakistan pushed through the Parliament a resolution that declared Ahmadis to be non-Muslim.

Former Infosys CEO Vishal Sikka, who recently launched his AI startup Vianai Systems, has been nominated to the board of directors of global technology major Oracle.

Sikka, 52, is among the world's leading experts in Artificial Intelligence (AI), Machine Learning and would be helping Oracle in the business value and adapt to change, the company said in a statement.

At a time when Tata Trusts is caught in a legal tangle over the cancellation of registration of six trusts, it's set to get a chief executive officer (CEO). After a search process stretching over more than eight months, an old-timer from the group, N Srinath, managing director, Tata Teleservices, has emerged a frontrunner for the CEO's post, according to sources in the know.

Tata Trusts does not have any comment to make, a spokesperson told Business Standard on the matter.

Auto major Tata Motors plans to add 100 sales outlets for passenger vehicles by the end of the current fiscal as it aims to enhance its reach in the country, a senior company official said.

The company, which has around 860 sales outlets spread across the country, has already added up around 100 outlets in the current financial year till now.

Beleaguered Coffee Day Enterprises Ltd.'s sale of its technology park to Blackstone Group Inc. is stalled as one of its creditors hasn't approved the deal, people with the knowledge of the matter said.

Yes Bank Ltd. hasn't issued the so-called no objection certificate as it's seeking assurances on repayments of other loans taken by Coffee Day, said the people, asking not to be identified as the information isn't public. All other creditors have approved the transaction, the people said.

Country's largest lender State Bank of India has reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 10 basis points across all tenors.

The one year MCLR has come down to 7.90 per cent per annum from 8.00 per cent per annum with effect from December 10, 2019.

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