Shares of YES Bank were trading lower for the fourth straight day, down 6.6 per cent at Rs 29.20 on the BSE on Wednesday on the back of heavy volumes.

The private sector lender's stock is trading close to its 52-week low of Rs 29.05, touched on October 1, 2019 and also its lowest level since August 2009 on the BSE. In the past six trading days, the stock has slipped 21 per cent, as compared to 3.4 per cent decline in the S&P BSE Sensex.

The online travel agency Yatra.com has claimed that airfares to Southeast Asia and Italy have dropped by 20-30 per cent in the backdrop of coronavirus.

The travel agency also said that there is a hike in enquires with respect to domestic destinations including Andaman & Nicobar, Goa, and cities in North-East.

State Bank of India’s (SBI’s) board has accepted the resolution plan for sale of Reliance Communications (RCom) and its subsidiaries Reliance Telecom and Reliance Infratel. According to sources in the bank, the final voting on the resolution will be over on Wednesday.

They expect 66 per cent of the votes to be in favour of the resolution during the meeting of the committee of creditors (CoC).

Air India has cut flights to Italy, Japan and Korea while IndiGo has placed four of its crew members under home observation to check the spread of coronavirus.

The civil aviation regulator has issued instructions to disinfect aircraft and come up with safety precautions to prevent spread of the virus. The national carrier’s decision to reduce frequencies comes as the government suspended visas of citizens of the three countries.

Lok Sabha proceedings on Tuesday were adjourned till noon, amid uproar over the issue of Delhi violence as Opposition members sought an immediate discussion on the matter.

As soon as the House met for the day, members from the Congress, DMK and other Opposition parties were on their feet, demanding a discussion on Delhi violence.

A Delhi court Monday deferred till further order the hanging of four death row convicts in the 2012 Nirbhaya gang rape and murder case pending disposal of a convict's mercy plea, saying it was an important constitutional legal principle.

All the convicts in the case were to be hanged together on Tuesday at 6 AM.

An Italian tourist, who landed here on February 29, was tested positive for COVID-19 in his second medical examination on Monday. He was shifted to an isolation ward in Sawai Man Singh Government Hospital when he showed symptoms of COVID-19 in the screening at the Sanganer international airport.

The tourist’s first blood sample had earlier tested negative. Rajasthan Medical and Health Minister Raghu Sharma said the Italian national’s blood samples were being sent to the National Institute of Virology in Pune for confirmation because of variation in the diagnostic test reports.

India's electricity supply rose 7.1 per cent during February, provisional government data showed, marking the second straight month of growth after five straight months of decline.

Power supply rose to an average of 3.62 billion units per day in February, up from 3.38 billion units last year, an analysis of daily load despatch data from state-run Power System Operation Corp Ltd (POSOCO) showed.

The Delhi government on Monday recommended rejecting mercy petition of Pawan Gupta, one of the four death row convicts in the 2012 Nirbhaya gang rape and murder case.

Sources said that the Delhi government made the recommendation just a few minutes after it received the mercy petition from the Union Home Ministry.

Shares of pharmaceutical companies were in focus with the S&P BSE Healthcare index gaining more than 2 per cent on the BSE on Tuesday. Pfizer, Sun Pharmaceuticals Industries, Metropolis Healthcare, Bliss GVS Pharma, RPG Life Sciences, Dr. Lal PathLabs, Biocon, Albert David and FDC from the index were up more than 3 per cent.

At 10:17 am, the S&P BSE Healthcare index, the second biggest gainer among the key sectoral indices, was up 2.2 per cent, as compared to a 1.1 per cent rise in the S&P BSE Sensex.

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