Hero MotoCorp said its total two-wheeler sales stood at 334,647 units in March 2020, down 42.43% from 581,279 units in March 2019.

TVS Motor Company on Thursday (2 April 2020) said its total sales fell 55.50% to 144,739 units in March 2020 as against 325,323 units in March 2019. The total sales are down by 42.85% in March 2020 compared with 253,261 units in February 2020.

SML Isuzu on Thursday (1 April) said its total sales slumped 75.6% to 488 units in March 2020 from 2,003 units in March 2019.

Cipla announced the successful completion of Phase-3 clinical end-point study for fluticasone propionate and salmeterol inhalation powder (100/50 mcg).

Aurobindo Pharma on Thursday (2 April) said that it terminated the agreement to buy the US generic oral solids and dermatology businesses from US-based Sandoz Inc.

Cadila Healthcare on Thursday (2 April 2020) said that Zydus Cadila received final approval from the United States Food and Drug Administration (USFDA) to market Lamotrigine extended-release tablets USP in multiple strengths of 25 mg, 50 mg, 100 mg, 200 mg, 250 mg, and 300 mg.

ICICI Bank has announced a reduction in its savings bank account interest rate and term deposits. ICICI Bank has announced a reduction in its savings bank account interest rate with effect from 9 April 2020. For savings account balance below Rs 50 lakh, the interest rate will be reduced to 3.25% per annum (pa) from 3.5% pa and for above Rs 50 lakh it will be reduced to 3.75% pa from 4% pa. ICICI Bank also announced reduction in rates of term deposits of value Rs 2 crore by upto 50 basis points across various tenures effective April 3, 2020.

CreditAccess Grameen has additionally acquired 0.42% of the share capital of Madura Micro Finance (MMFL). Consequent to this, CreditAccess Grameen has acquired 54,72,670 equity shares of Rs. 10 each constituting 76.06% of the share capital of MMFL, a subsidiary of the Company.

Majesco announced that it has completed the acquisition of InsPro Technologies Corporation, a U.S. based software leader in the life and annuity insurance market.

Hero MotoCorp informed that members of the promoter and promoter group bought 2.76 lakh shares (0.14% of capital) of the company. With the purchase of these shares, the promoter and promoter group shareholding in the company increased from 34.63% to 34.77%.

Automobile companies will announce sales number for the month of March 2020.

TVS Motor Company said that its Indonesian subsidiary, PT TVS Motor Company, has decided to suspend the production activities temporarily at its manufacturing plant in Karawang, effective 1 April 2020 till 12 April 2020 to prevent exposure of its employees to covid-19.

Indiabulls Housing Finance said that the company has bought back secured, redeemable, non-convertible debentures of the face value Rs 10,00,000 each, amounting to Rs 215 crore. Maturities for these NCDs ranged from September-2020 to October-2021.

Hindustan Aeronautics recorded a turnover of over Rs 21,100 crore (provisional and unaudited) for the financial year ended March 2020 (against Rs 19,705 crore yoy). The encouraging performance of the company in 2019-20 was achieved despite difficulties in cash flows, interruptions in operations due to workmen agitation and the interruption arising in the month of March 2020 due to COVID 19 lockdown which has affected the final tests and certification of certain additional aircraft that were under final stages of production.

BHEL said all manufacturing units and divisions / offices of the company shall remain closed for a period of 21 days with effect from 25 March 2020. During this period, the company shall run only essential services in all of its manufacturing units, divisions and offices. Other employees shall work from home.

Escorts said that all offices and plants across the company shall be shut till 14 April 2020 due to the nationwide lockdown announced by the Government.

GE Power India has been awarded a contract by NTPC Limited for its Feroze Gandhi Unchahar Thermal Power Project Stage-I, II & III, 5x210 MW to supply and install Wet FGD systems for a value of Rs 690 crore with common absorber (combination of multiple boiler units). This is the first time that GE in India has been awarded a project to install common absorber for a combination of multiple boiler units.

Bharti Airtel announced measures--unrestricted incoming services till 17 April and Rs 10 talk time--to cover more than 80 million low-income mobile customers from the impact of the coronavirus crisis.

Piramal Enterprises said the Administrative Committee of the board of directors has approved the allotment of 7,500 secured, rated, unlisted, redeemable non-convertible debentures having a face value of Rs 10,00,000 each, aggregating up to Rs 750 crore.

Vedanta said its mining operations, which manufacture essential commodities, and the oil & gas business will continue across all sites during the lockdown imposed by the Centre to contain the spread of coronavirus.

Britannia Industries said the lockdown ordered by the Centre in the wake of Covid-19 has disrupted its operations. The company is working with authorities to restore operations.

Federal Bank said the board has approved an investment of Rs 148 crore in subsidiary-Fedbank Financial Services (FFSL) through rights issue. Objective of the Rights issue is to infuse regulatory capital in the firm. This is more than 5% of the post issue paid up capital of FFSL.

Tata Power Company said Adjaristsqali Georgia LLC (AGL), a Joint Venture (JV) between Tata Power, Norway's Clean Energy Invest (CEI) and International Finance Corporation (IFC) announced the start of commercial operation of the 178 MW Shuakhevi Hydro Power Project (Shuakhevi HPP) located in southwest Georgia. Tata Power holds 40% shares in the Joint Venture

Sun Pharmaceutical Industries informed that the company received a communication from the USFDA indicating that the Halol facility has been classified as “Official Action Indicated” (OAI). The OAI classification implies interalia that the USFDA may withhold approval of any pending product applications or supplements filed from this facility till the outstanding observations are resolved. The company continues to manufacture and distribute existing products for the US market, thereby not likely to have any adverse impact on current business from the facility.

Delta Corp said its board approved a proposal to buyback shares worth up to Rs 125 crore at a price not exceeding Rs 100 per share.The company said it will utilise at least 50% of the amount earmarked as the maximum buyback size for the buyback. Based on the minimum buyback size and maximum buy-back price, the company would purchase a minimum of 62.50 lakh equity shares.

BASF India said Karnataka Appellate Tribunal granted stay on recovery of tax demand worth Rs 52.17 crore pertaining to period 2010-11 (10 months).

Lupin and Mylan N.V. announced that the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending the approval of Nepexto, a biosimilar to Enbrel (etanercept), for all indications of the reference product including rheumatoid arthritis, juvenile idiopathic arthritis, psoriatic arthritis, axial spondyloarthritis (including ankylosing spondylitis and non-radiographic axial spondyloarthritis), plaque psoriasis and paediatric plaque psoriasis.

Deepak Fertilisers & Petrochemicals Corporation announced that it was forced to stop production in its fertiliser unit at Taloja in Maharashtra for last two days due to evacuation problems arising out of non-availability of transport and manpower for evacuation of finished goods from the plant.

Aditya Birla Fashion and Retail (ABFRL) announced shut-down due to Novel Coronavirus (COVID-19). The company said it will extend the shut-down period, if required, in accordance with the directives of State and Central Governments from time to time.

NTPC said it signed a share-purchase agreement with the central government to acquire North Eastern Electric Power Corporation (NEEPCO) for Rs 4,000 crore and THDC India (THDCIL) for Rs 7,500 crore. The acquisitions are subject to regulatory approvals.

Yes Bank said its board has approved raising funds amounting to Rs 5,000 crore, in addition to Rs 10,000 crore cleared in January, through issuance of securities. The board of the bank has also been reconstituted.

ICICI Bank entered into an agreement to invest in Auxilo Finserve (previously known as Stellenyak General Finance) by acquiring 9.9% stake, or 34.1 million equity shares for Rs 51.1 crore.

Finolex Industries said it has suspended operations at all plants, offices and warehouses located at various locations until 14 April 2020 as per the Centre's order of a complete lockdown in the wake of the coronavirus outbreak.

United Spirits said it has closed operations at all its offices and manufacturing units till 14 April 2020 to prevent the spread of coronavirus.

Aurobindo Pharma said with regard to the USFDA inspection of Unit VIII, API manufacturing facility at Gaddapotharam, Hyderabad, the company has received the Establishment Inspection Report (EIR) with Voluntary Action Initiated (VAl) status from USFDA.

NTPC informed that second Unit of 660 MW of Khargone Super Thermal Power Project has been added to Installed Capacity of NTPC on successful completion of trial operation. With this, the total installed capacity of Khargone Super Thermal Power Project, NTPC and NTPC group has become 1320 MW, 50355 MW and 58816 MW respectively.

Delta Corp said that a meeting of the board of directors of the company will be held on 28 March, 2020 to consider the proposal for buy‐back of fully paid‐up equity shares of face value of Re 1 each of the company.

JSW Steel said the company has taken the decision to scale down / suspend production to support the cause of containment of the pandemic COVID-19.

Blue Star said the company has temporarily suspended its operations at its various offices and manufacturing plants. Most of the office based staff are working from home and are available over their mobile phones and e-mail.

Cummins India said the company has decided to temporarily close its offices and factories operations across India effective from 23 March 2020 till 15 April 2020 due to COVID-19.

Zensar Technologies said that Guidewire Software, Inc. announced that Zensar Technologies has been promoted to a PartnerConnect Consulting Advantage partner.

Nestle India said that in view of the lockdown the operations in some of the locations (manufacturing, distribution centres/ warehouses, offices, suppliers) are scaled down or suspended. As the Company is in the manufacture and sale of food and beverage products, the company is in discussion with the authorities to continue operations in the factories/ distribution centres where the operations has been suspended.

Ircon International said the company has fixed 7 April 2020 as the record date, to ascertain the name of shareholders entitled for sub-division of equity shares of Rs 10 each into five (5) equity shares of face value of Rs 2 each.

Gujarat Alkalies and Chemicals informed that the company has decided to take complete safe shut-down of all its plants at Baroda and Dahej Complexes till 31 March 2020.

India Grid Trust (IndiGrid) announced the acquisition of another transmission asset, East North Interconnection Company Limited (ENICL), from Sterlite Power at a value of US $ 134 Mn. With this acquisition, IndiGrid's AUM will increase by 10% to US$ 1.6 Bn. IndiGrid's asset portfolio will increase to nine power transmission projects, with a total network of 20 power transmission lines spanning across more than 5,800 circuit kilometres across 13 Indian states.

Torrent Pharmaceuticals has informed that the secured redeemable non-convertible debentures (NCDs) of Rs 240 crore has been fully redeemed and repaid by the Company on 24 March 2020.

Rallis India has, effective 24 March 2020, commenced safe shutdown activities at its manufacturing operations located at Lote, Ankleshwar and Dahej. The duration of this shutdown is uncertain at this point in time and the resumption of operations at these locations will depend upon the directives issued by the respective Government authorities.

Dr. Reddy's Laboratories said that a meeting of the board of directors of the company will be held on 27 March 2020 to consider and approve raising of funds by issuance of commercial paper.

Reliance Industries (RIL) said it has responded to its call-of-duty to be at the service of the nation 24x7 in collective fight against Covid-19. RIL has already initiated a multi-pronged prevention, mitigation, and ongoing support strategy that is comprehensive, sustainable, and resilient. This approach can be ramped up further to scale as required by the nation. RIL has deployed the combined strengths of Reliance Foundation, Reliance Retail, Jio, Reliance Life Sciences, Reliance Industries, and all the 6,00,000 members of the Reliance Family on this action plan against COVID-19.

Yes Bank said that the meeting of the board of directors of YES Bank will be held on 26 March 2020, to consider raising funds.

Bajaj Electricals (BEL) rights issue of equity shares opened on 18 February 2020 and closed on 3 March 2020. The Issue saw participation from most of its existing large institutional investors, as well as retail investors. The Rs 349.94 crore rights issue offered an opportunity to all its existing shareholders to participate in the capital raise, with the promoters committing to take up their rights entitlement. Pursuant to the rights issue, the company has allotted 11287956 equity shares on rights basis at a price of Rs 310 per share on 13 March 2020.

Century Enka informed that the company, considering the gravity of COVID-19 and the directions issued by local authorities and also in compliance with the directives and advisory of state and central government, the company has decided to temporarily shut down its plant operation at Pune Site. The company would continue to run its critical operations at Pune site for safety of process, people and equipment as permitted under the Government directives. Operations at Bharuch Site are also being scaled down and shall be brought down to 50% capacity.

Amber Enterprises India informed that in view of the directions passed by district administrations to prevent & contain the spread of COVID-19 and to ensure the safety and wellbeing of employees and all stakeholders, the Company has decided to temporarily close its manufacturing operations at its various manufacturing facilities across India with immediate effect till 31 March 2020.

Hero MotoCorp has decided to halt operations at all its global manufacturing facilities - including in India, Colombia and Bangladesh ‐ and the Global Parts Centre (GPC) at Neemrana with immediate effect until 31 March 2020. This is considering the safety and wellbeing of its employees as top priority in view of the escalating COVID‐19 situation.

Mahindra & Mahindra said in light of heightened concern on spread of CoronaVirus in the State of Maharashtra, the company decided to suspend the manufacturing operations at Nagpur Plant with immediate effect and Chakan (Pune) and Kandivali (Mumbai) from Monday, 23 March 2020 night onwards.

Tata Motors said in light of the ongoing coronavirus situation, Jaguar Land Rover has confirmed that it will temporarily suspend production at its UK manufacturing facilities over the course of next week. The company's intention is to resume in the week of 20 April 2020, subject to review of the rapidly-changing circumstances.

Escorts informed that Kubota Corporation (Kubota), will acquire 10% equity stake at Rs 850 per share. Kubota's investment will constitute 9. 1% of the equity stake on a pre capital reduction or 10% on a post capital reduction basis for a total investment of Rs 10, 419, 034, 800.

Lupin announced the launch of Betamethasone Dipropionate Ointment USP (Augmented), 0.05%, having received an approval from the United States Food and Drug Administration (USFDA) earlier. The product would be manufactured at Lupin's Pithampur (Unit Ill) facility, India.

Welspun Corp informed that one of the orders planned from the USA facility has been deferred. The customer communicated that owing to the unprecedented energy environment, execution of this order of 159 KMT slated for FY20-21 will be deferred for a period of 9 months. Despite this deferment, order book stands at approximately 1 million MT.

GML Infrastructure said that MIHAN India, the concessioning authority for development of Nagpur Airport has annulled the bidding process for the upgradation, modernization, operation and maintenance of Nagpur Airport, previously awarded to the GMR Airports (GAL), a subsidiary of the company. GAL and its associates have initiated for appropriate legal remedies in this regard.

Hero MotoCorp has commenced commercial production at its new greenfield manufacturing facility, situated at Chittoor in the southern Indian state of Andhra Pradesh. This facility is the company's eighth manufacturing plant and sixth in India.

State Bank of India informed that a meeting of the central board of the bank will be held on 27 March 2020 to consider the extension of approval accorded by central board for raising equity capital from market up to Rs 20,000 crore from the market till 31 March, 2021 subject to the approval of shareholders, RBI and Gol.

The board of the bank also approved divestment of entire equity stake (19.99%) held in A Little World.

Sobha informed that the board of directors approved the issue of secured redeemable non convertible debentures up to an amount of Rs 270 crore by way of private placement.

ICICI Lombard General Insurance Company said it has rolled out a focused 'COVID-19 Protection Cover'. The policy has been launched in group insurance mode. Amid the contagious pandemic, this policy on diagnosis of COVID-19 (+ve) will pay 100% of the sum insured irrespective of hospitalization expenses.

CreditAccess Grameen informed that its has completed the acquisition of 75.64% of equity share capital of Madura Micro Finance on 18 March 2020.

RITES said its board has decided to close its joint venture (JV) with BNV Gujarat Rail. The closure of the JV is subject to further approvals, if any.

Sun Pharmaceutical Industries informed that the company has approved the buy-back of its equity shares of face value of Re 1 each from the open market at a maximum price of Rs 425 per equity share for an aggregate maximum amount of up to Rs 1,700 crore.

Wipro announced the launch of its Microsoft Business Unit. The unit will focus on the development and evangelization of solutions leveraging Microsoft's enterprise cloud services.

Yes Bank will be in focus. The Reserve Bank of India (RBI) on Wednesday withdrew its moratorium imposed on the private lender, allowing restoration of all banking operations. This came after a consortium of eight public and private banks, led by State Bank of India, agreed to infuse capital into Yes Bank to rescue it under the restructuring plan proposed by the government and RBI.

Karur Vysya Bank announced the launch of its Precious Metals Business. This new business has been launched after ensuring the highest quality risk management.

V.S.T Tillers Tractors reported 8.96% decline in power tiller sales to 1361 units in February 2020 from 1495 units in February 2019. Tractor sales fell 2.93% to 564 units in February 2020 from 581 units in February 2019.

Ashok Leyland said that the board of directors of the company have approved to acquire upto 19% additional equity shares in Hinduja Leyland Finance (HLFL), from the existing shareholders for a consideration not exceeding Rs 1200 crore.

IndusInd Bank dismissed the reports of financial instability and speculations around its stock price. IndusInd Bank said that it is financially strong, well-capitalized, profitable, and a growing entity with strong governance.

Yes Bank will be in focus as the RBI imposed moratorium on Yes Bank will be lifted today and the private lender will restore full banking services after 6 pm today.

Mahindra & Mahindra informed that the company has signed an agreement for subscribing to around 5% of the share capital of Eurl LD Azouaou, Algeria (LDA). LDA is engaged in the business of tractor assembly and distribution in Algeria.

Wipro announced the successful implementation of core banking solution for Kaveri Grameena Bank as part of the merger with Pragathi Krishna Gramin Bank to form, Canara Bank sponsored Regional Rural Bank (RRB), Karnataka Gramin Bank. Karnataka Gramin Bank is a pioneer in IT initiatives and priority of the Bank is to bring its customers, mainly rural population, to technology enabled Banking.

Escorts said the board of directors will meet on 20 March 2020 to consider and approve a proposal for issue and allotment of equity shares by way of a preferential allotment and a corresponding reduction of an equivalent number of shares held by Escorts Benefit and Welfare Trust. There will be no change in the total paid-up equity share capital of the company.

HCL Technologies (HCL) announced the latest version of HCL Appscan, a pioneering product in application security testing, will be generally available in April 2020. AppScan is a single solution for automated application security testing and management activities.

Grasim Industries informed that the Competition Commission of India (CCI) has passed an order imposing a penalty of Rs 301.61 crore on Grasim Industries in respect of its domestic Man-Made Fibre turnover. While the company is yet to receive the order of the CCI, it believes that on merits it has sufficient grounds for an appeal.

Delta Corp said the casinos operated by the company and its subsidiaries in Goa will remain closed until 31 March, 2020, and will be reviewed thereafter for further course of action. The company is unable to estimate the quantum of potential losses on account of the impact of this closure and the coronavirus pandemic at this time.

CSB Bank said the company's board has approved the proposal to merge 19 branches of the bank with the nearest branches of the Bank, with the intention of reducing overall costs and improve productivity.

Indian Oil Corporation said the company has issued 29,950 unsecured, rated, taxable, redeemable, non-convertible debentures (Series - XVI) of Rs 10,00,000 each aggregating to Rs 2,995 crore on private placement basis to meet its capex requirements.

KEC International said the company has completed the acquisition of 100% shareholding of its step-down subsidiary KEC International (Malaysia) Sdn. Bhd. from KEC Global Mauritius, a wholly owned subsidiary of the company.

Shares of SBI Cards and Payment Services will debut on the secondary equity market today, 16 March 2020. The company had priced the initial public offer (IPO) at the top end of the Rs 750 to Rs 755 per share price band. The IPO ended on 5 March 2020. The issue received bids for 225.09 crore shares, as against 10.02 crore shares on offer.

Yes bank reported a net loss of Rs 18564.24 crore against a net profit of Rs 1000.57 crore on 29.0% fall in total income to Rs 6297.43 crore in Q3 December 2019 over Q3 December 2018. The Provision Coverage Ratio (PCR) increased to 72.7% from 43.1% last quarter.

The government on Friday, 13 March 2020 notified the scheme of reconstruction for Yes Bank. As per the reconstruction scheme, apart from State Bank of India and other new private investors picking up equity in the cash strapped bank, all existing shareholders who are holding 100 or more shares will also face a three-year lock-in for their 75% investment.

SBI, ICICI Bank, Axis Bank HDFC Bank, Kotak Bank IDFC Bank and Bandhan Bank will be in focus: The Union Cabinet on Friday approved the Yes Bank rescue plan crafted by the State Bank of India. According to the proposal, SBI will infuse Rs 7,250 crore in Yes bank, HDFC and ICICI bank will infuse Rs 1000 crore each. Axis Bank will infuse Rs 600 crore and Kotak Mahindra Bank is will infuse Rs 500 crore. Bandhan Bank will invest Rs 300 crore, while IDFC First will invest 250 crore.

Hindustan Unilever said (HUL) the board of directors will meet on 1 April 2020 to announce the merger with GlaxoSmithKline Consumer Healthcare (GSKCH). HUL and GSKCH received the approval from the Mumbai and Chandigarh bench of the National Company Law Tribunal, respectively for the merger.

Bharat Forge said that ICRA has downgraded Bharat Forge's long term rating (external commercial borrowings and fund-based facilities) to [ICRA]AA+(Negative) from [ICRA]AA+(Stable). Meanwhile, its short term rating (non-fund based facilities) was reaffirmed at [ICRA]Al+.

RITES informed that the company has secured a consulting work award with fee income of Rs 60 crore. The order secured is from the Government of Kerala for conducting independent quality audit for Kerala Infrastructure Investment Fund Board (KIIFB) projects. The period of execution is likely to span over 21 months.

Wipro announced its global strategic partnership with PLEXIS Healthcare Systems. This partnership will enable a streamlined, efficient, accurate and integrated plan administration solution to support healthcare payers and plan sponsors worldwide.

State Bank of India said that executive committee of central board (ECCB) approved purchase of 725 crore shares in Yes Bank at Rs 10 per share. SBI's shareholding in Yes Bank will remain within 49% of the paid up capital of Yes Bank

Bharti Airtel has acquired a 10% strategic stake in fitness start-up Spectacom Global, under the Airtel Start-up Accelerator Program, which focuses on supporting growth of early stage Indian start-ups.

Wockhardt informed that the capital raising committee of the company will meet 30 March 2020 to consider / approve extension of the date of redemption of 16 crore non-convertible cumulative redeemable preference shares of face value of Rs 5 each held by Khorakiwala Holdings & Investments. These preference shares are due for redemption on 31 March 2020.

Sun Pharmaceutical Industries informed that the meeting of board of directors will be held on 17 March 2020 to consider and if deemed fit, to approve, the proposal for buy-back of fully paid-up equity shares of the company.

CESC Ventures informed that the company executed share subscription agreement and shareholders agreement for acquiring 8.49 % shareholding in Peel-Works. Peel-Works is a technology driven distribution company which supplies food, grocery and consumer products to retailers and wholesalers where orders are collected through a software application.

Mahindra & Mahindra signed a share purchase agreement for purchase of additional 34,249 Equity Shares of M.I.T.R.A. Agro Equipments (Mitra), an Associate of the company, from its existing shareholders. The company currently holds 26% (on a fully diluted basis) of the equity share capital of Mitra, and post completion of the above transaction, the Company will hold approximately 39% of the equity share capital of Mitra on a fully diluted basis.

Biocon said the company has won a US court ruling that invalidated a Sanofi patent on the insulin Glargine, removing a key legal hurdle for commercialization of the product Semglee co-developed with Mylan, in the US. .

Canara Bank has allotted Basel-III compliant tier-II bonds worth Rs 3,000 crore.

KPIT Technologies said the company has entered into an agreement with Vayavya Labs and its shareholders for acquiring majority stake in the company. As per the filing, the company plans to buy 78.47% stake in Vayavya Labs for Rs 24.56 crore.

Piramal Enterprises said that of the 5,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of Rs 10,00,000 each, issued by the Company on 21 December, 2018 and listed on Wholesale Debt Market Segment of NSE, the company repurchased 1,500 Debentures. The said repurchased debentures are being extinguished and upon such extinguishment, an aggregate 3,500 Debentures shall remain outstanding.

Infosys announced that it has joined the Qualcomm Smart Cities Accelerator Program to offer end-to-end solutions for smart stadiums, smart venues and smart event management. This program is designed to connect cities, municipalities, government agencies, and enterprises with Qualcomm Technologies' ecosystem to help deliver greater efficiencies, cost savings, and broad access to solutions for smart cities' problems today.

ABB India board approved the proposal to sell solar inverter business to Marici Solar India, for Rs 100.6 crore. In 2019 the solar inverter business had a turnover of Rs 664 crore which is approximately 9% of the total turnover of the company.

Narayana Hrudayalaya (NHL) informed that Karnataka Chinmaya Seva Trust has indicated its desire to operate Chinmaya Narayana Superspeciality Centre in Chinmaya Mission Hospital, Bangalore on its own and expressed its intent not to renew the contract on its expiry on 31 March 2020. NHL has agreed to the non-extension of the contract and the operations will be stopped from 1 April 2020.

Zydus Cadila and XOMA Corporation announced agreement to advance an IL-2-based immuno-oncology (lO) drug candidate that combines Zydus' fL-2 with XOMA's novel anti-lL-2 monoclonal antibody.

Muthoot Finance will consider and approve fund raising on 17 March 2020.

Wonderla Holidays said that the company has decided to temporarily close Kochi park from 11 March to 20 March, 2020 in view of the emerging situation in the State of Kerala, consequent to the reported coronavirus cases.

Yes Bank will be in focus as RBI released the draft of Scheme of Reconstruction of Yes Bank and has invited suggestions and comments up to 9 March 2020. The scheme called 'Yes bank Reconstruction Scheme, 2020' shall come into force on such date (appointed date) as the Central Government may, by notification in the Official Gazette, specify.

SBI will be in focus as RBI released the draft of Scheme of Reconstruction of Yes Bank. Accordingly, SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2450 crore. This will be 49% of the share capital of the reconstructed bank. SBI shall not reduce its holding below 26% before completion of three years from the date of infusion of the capital.

Indiabulls Housing Finance informed that Yes Bank owes the company Rs 662 crore via AT-1 Bonds. Indiabulls Housing Finance has no term loans outstanding from Yes Bank.

IndusInd Bank deferred its plan to raise funds through additional tier-1 (AT-1) and / or tier 2 capital (T2 Bonds) of the bank.

Natco Pharma announces completion of a pre-approval inspection from the United States Food and Drug Administration (USFDA) for its Formulation facility in Hyderabad, which was conducted from 2 - 6 March, 2020. At the end of the inspection, the facility received a single observation.

Hikal received a notice from the Maharashtra Pollution Control Board for closure of its Mahad Unit based on a complaint from the local community in Taloja. The company has filed a writ petition for staying the order in the Bombay High Court , but warned of a possibility of some impact on its operations at Mahad site until the matter is resolved

Indian Hume Pipe Company said the company has received Letter of Acceptance for the work of Rs 492.30 crore (excluding GST ) for execution of Filling of tanks in Kushtagi taluk of Koppal District by lifting water from Krishna river for ground water development and drinking purpose from Minor Irrigation & Ground Water Development Division, Koppal, Government of Karnataka. The project is to be completed within three years.

PNB Housing said India Ratings and Research has downgraded PNB Housing Finance non-convertible debentures' rating to IND AA from IND AA+ with stable outlook.

Punjab National Bank (PNB) board approved share exchange ratio for the merger with Oriental Bank of Commerce and United Bank of India. Accordingly share swap ratio will be 1150 equity shares of Rs 2 each of PNB for every 1000 equity shares of Rs 10 each of Oriental Bank of Commerce and 121 equity shares of Rs 2 each of PNB for every 1000 equity shares of Rs 10 each of United Bank of India.

Union Bank of India has approved the share exchange ratio for a merger with Andhra Bank & Corporation Bank. Share swap ratio, as per the filing stands at 325 shares of Union Bank for every 1,000 shares of Andhra Bank & 330 shares of Union Bank of India for every 1,000 shares of Corporation Bank.

State Bank of India (SBI) said that the matter regarding buying stake in Yes Bank was discussed at the meeting of the central board of the bank on 5 March 2020 and an in-principle approval has been given by the board to explore investment opportunity in the bank.

Yes Bank was placed under a moratorium late yesterday (5 March 2020), with the Reserve Bank of India (RBI) capping depositor withdrawals at Rs 50,000 per account for a month and superseding the board with immediate effect. RBI assured the depositors of the bank that their interest will be fully protected and there is no need to panic.

Mahindra & Mahindra said its production fell 55.96% to 25,643 units in February 2020 from 58,231 units in February 2019. Sales declined 43.02% to 30,083 units in February 2020 from 52,799 units in February 2019.

Lupin has launched the authorized generic for Horizon Therapeutics PLC's Vimovo in the US market, which is used for the treatment of arthritis & gastric ulcers.

Dr Reddy's Laboratories said USFDA has issued Form 483 with 3 observations for API manufacturing plant at Miryalaguda, Telangana

Mahindra and Mahindra (M&M) said the operations of the company in March, 2020 have been impacted due to supply disruptions of certain critical components for production of BS-VI vehicles on account of outbreak of Coronavirus in China and fire at a plant of a major supplier which is estimated to result into reduction in production / sales volume of the company (Automotive Division) and Mahindra Vehicle Manufacturer, a wholly owned subsidiary of the company, by around 12,000 units in the month of March, 2020.

Reliance Industries (RIL) informed that Reliance Retail Ventures (RRVL), a subsidiary of RIL, has acquired 7,86,191 equity shares representing 100% of the equity share capital of Shri Kannan Departmental Store (SKDS) for a consideration of Rs 152.5 crore.

Maruti Suzuki India partnered with HDB Financial Service, a leading NonBanking Financial Company, to provide customized and attractive car loans for customers. The tie up will facilitate loans for both new and used cars.

HDFC reduced its retail prime lending rate on housing loans by 5 basis points with effect from 9 March 2020. The change will benefit all existing HDFC retail home loan customers.

Allcargo Logistics said that the company has received SEBI approval on its open offer to acquire approximately 3.17 crore shares or 26% stake in Gati at Rs 75 a share. On full acceptance of the open offer it will take Allcargo's stake in Gati to 46.83%. The open offer is expected to be launched in March 2020 and closed by April 2020.

Bank of Baroda said Moody's Investors Service (Moody's) affirmed its domestic and foreign bank long term and short term deposit ratings of Baa3, stable/P-3, and Bank of Baroda (London)'s foreign currency senior unsecured rating of Baa3, stable. Moody's has also affirmed the London branch's foreign currency senior unsecured MTN program rating of (P)Baa3. At the same time, Moody's has downgraded BOB's Baseline Credit Assessment (BCA) and adjusted BCA to ba3 from ba2.

Tata Steel said that a meeting of the committee of directors will be held on Monday, 9 March 2020, to consider and approve the issuance of unsecured Non-Convertible Debentures on private placement basis

Indusind Bank said that a meeting of the board of directors of the Bank will be held on 9 March 2020 to consider and approve raising of funds