Shares of YES BankN extended their rally for the second straight session after the lender said it is fully geared up for the succession plan for the post of its MD and CEO and will finalise two external experts for the search committee by October 7.

“The bank is fully geared for the MD & CEO’s succession. Pursuant to the board of directors meeting dated September 25, 2018, the two external experts of the Search & Selection Committee will be finalised by October 7, 2018," Yes Bank said in a statement.

The BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,000-level in early trade Wednesday after the rupee dropped to a new low amid sustained foreign fund outflows and surging crude oil prices.

The BSE 30-share barometer fell 231.08 points, or 0.63 per cent, to 36,295.06 after hitting a low of 36,325.15.

Coal India is in talks with an Australian coal mining company to pick up a stake in the range of 20-30 per cent. If the deal materialises, it will ensure a steady supply of coking coal to Indian steel and allied companies.

The country’s coal giant plans to set up an office in Brisbane this year and the pact will mark its second foray into foreign shores, the first being in Mozambique way back in 2009.

As competition grows in the organised health care services, Apollo Hospitals, the largest player in the segment, plans to offer new financing options to patients in partnership with financial institutions and start-ups.

The company has recently made a Rs 25-million investment in social-impact crowd-funding platform, Impact Guru Technology Ventures, in a Series A round. This is expected to help the company offer innovative, quick, and cost-effective patient-financing solution.

Walmart India, which runs 22 Best Price wholesale stores since its second entry into the country in 2019, is planning to increase the share of its private labels to top line to 10 per cent by next year as it plans to tap the Flipkart platform.

The company opened its 22nd store in Ludhiana late last month, which is the sixth in the state, where it began with and the second in the Punjab city. The firm will have 30 stores by the time it completes a decade of its second coming next year.

Seeking to reduce cost amid cash crunch and mounting losses, government-run Air India has asked its qualified cabin crew from other bases to relocate either permanently or temporarily to New Delhi if they want to fly wide-body planes.

Air India has its bases across Delhi, Mumbai, Chennai, Kolkata, and Hyderabad, among other cities.

The Indian rupee dropped to a record low in opening deals on Wednesday as a sharp rise in global crude oil prices over the last two sessions weighed on sentiment for the local unit.

The partially convertible rupee hit 73.34 a dollar in early trade, an all-time low, and sharply lower than its previous close of 72.91. At 9:05 IST, the rupee was trading at 73.30. Markets were closed on Tuesday on account of the 150th birth anniversary of Mahatma Gandhi.

The 150th birth anniversary celebrations of Mahatma Gandhi on Tuesday were marked by two contesting narratives in remembering his contribution.

Addressing the concluding session of the Mahatma Gandhi International Sanitation Convention here, PM Narendra Modi said political leadership accompanied by public funding, partnerships and people's participation can help the world achieve total sanitation.

Larsen & Toubro (L&T) Monday said its Heavy Civil Infrastructure Business has won orders worth Rs 7,489 crore in the domestic market. “A major order has been received from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of the Mumbai Coastal Road Project,” L&T said in a BSE filing.

American James Allison and Japanese Tasuku Honjo won the 2018 Nobel Prize for Physiology or Medicine for discoveries leading to new approaches in harnessing the immune system to fight cancer, the award-giving body said on Monday.

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