The Indian markets are likely to open lower in line with global peers as the US Federal Reserve interest rate cut failed to calm investors panicked by the rapid spread of the coronavirus. At 7:00 am, the SGX Nifty was trading 320.24 points or 3.24 percent lower at 9,584.25, indicating a negative start for the Sensex and Nifty50.
Yes Bank: The bank has posted a record loss of Rs 18,564 crores during the quarter ended December, compared to a profit of Rs 1,001.8 crores in the same quarter last year.
Wipro: The company and PLEXIS Healthcare Systems have inked a global strategic partnership to accelerate digital transformation for healthcare payers.
Infosys: The IT major has completed the acquisition of Simplus, a leading salesforce consulting and platinum partner.
RITES: The company has secured a consulting work award with fee income of Rs 60 crore from Kerala Government. The period of execution is likely to span over 21 months.
Indiabulls Housing Finance: The company has clarified that no CBI raid was carried out at Indiabulls Group or any of its offices.
Wonderla Holidays: The company has decided to temporarily close the Bangalore Park till March 20, 2020 due to COVID-19 outbreak.
RCF: Rating agency ICRA has downgraded ratings on company’s bank facilities and NCD from ICRA AA Negative to ICRA AA- Stable.
Transformers and Rectifiers: The company has received an order worth Rs 130 crore for supply and service of transformers from Power Grid Corporation of India.
KDDL: The company’s subsidiary has closed operations of Ethos stores situated at Infinity mall Mumbai.
Ind Swift Lab: The USFDA has cleared inspection at the company’s API manufacturing facility in Punjab without any 483 observations.