Yes Bank: After restoring ATM cash withdrawal services and access to netbanking portal, private lender Yes Bank on Tuesday announced that it has partially restored its IMPS and NEFT services.
SBI: HSBC has downgraded State Bank of India to hold from buy and reduced target price to ₹300 from ₹405 after the announcement of RBI's draft scheme to reconstruct Yes Bank, according to a report in The Economic Times.
Jet Airways: The ninth meeting of committee of creditors of Jet Airways Limited is scheduled for 12 March to discuss the grounded carrier’s resolution plan. the revised deadline for submission of bids for the grounded airline ended on Tuesday.
Lakshmi Vilas Bank: Capital starved Lakshmi Vilas Bank has approached the Reserve Bank of India with a plan to raise $250-300 million ( ₹1,800-2,200 crore) from overseas investors through the sale of a 49-60% stake, according to a report in The Economic Times.
TCS: Tata Consultancy Services (TCS) announced an interim dividend of ₹12 per equity share amounting to ₹4,503 crore on Tuesday for FY20.
Adani Gas: The NCLAT has upheld the fair-trade regulator CCI's order, holding Adani Gas Limited (AGL) "guilty of abuse of dominant position" while supplying piped natural gas to industrial customers in Faridabad. The CCI had on July 3, 2014 imposed a penalty of ₹25.67 crore on AGL after finding its gas supply agreement imposed unfair conditions upon the complaints of Faridabad Industries Association.
Vedanta: India Ratings and Research has revised Vedanta Limited’s outlook to negative from stable while affirming its long-term issuer rating at ‘AA’.
HAL: State-owned Hindustan Aeronautics Ltd has received ‘A1+’ rating from ICRA and CARE on its proposed commercial paper issue of ₹1500 crore.
Oil marketing companies: Shares of oil marketing companies like IOC, HPCL, BPCL may be in focus in today’s trade as oil prices had surged over 10% Tuesday, a day after the biggest rout in nearly 30 years.
Infosys: The IT major has written off a minor investment it had invested in US startup Waterline Data Science, it said in a filing with stock exchanges on Tuesday. Infosys had made an investment of $5.5 million through its innovation fund in two tranches in 2016 and 2018.