YES Bank Ltd's latest $2 billion rescue plan was perfect except for one minor detail: Most suitors for the beleaguered Indian lender aren't the kind the board can really take to meet the regulator for tea. Yet in a five-hour meeting Tuesday, the directors decided to do exactly that. Jane Austen would have been proud of their desperation to marry off YES.

Onion prices are skyrocketing and the staple food has crossed the mark of Rs 100 in most of the states.

As the onion prices are going higher & higher with each passing day, Police have arrested two men for stealing onions worth Rs 21,160 from two shops in the Dongri area of Mumbai.

As reported by news agency ANI, the theft happened a week ago but the arrests were made on Tuesday.

Reserve Bank of India (RBI) auditors have found that the country's largest bank, State Bank of India (SBI), under-reported its non-performing assets (NPAs) for 2018-19 by Rs 11,932 crore, and made Rs 12,036 crore less provisions. As a result, the bank's reported profit of Rs 862 crore for the fiscal year now stands at a loss of Rs 6,968 crore.

However, the bank's stock did not react much, falling only 1.04 per cent to close at Rs 313.45 on the BSE, as the bank subsequently made good much of this gap through upgrade or recovery, as well as by additional provisioning.

India's stock markets are set for a wave of unicorn listings, according to technology venture capitalist and former Infosys Ltd. official Mohandas Pai.

Pai, who is also chairman of Securities and Exchange Board of India committees on primary markets and financial technology, said 10 to 15 internet and tech companies are looking to list in India over the next three years. These firms are likely to be valued at $300 million to $10 billion, he said in an interview.

The government has proposed that companies developing innovative technologies for public good can avail of exemption from the proposed data privacy rules for a limited period.

As part of the draft Data Protection Bill, 2019, cleared by the Union Cabinet last week, the Centre has proposed the creation of a regulatory sandbox to ensure that the privacy law doesn't curtail the ability of companies, especially start-ups innovating around emerging technologies, in the initial phases.

The fourth convict in the Nirbhaya rape case has been shifted to Tihar Jail after one of the accused Pawan Kumar Gupta was moved from Mandoli jail in Delhi.

He is currently lodged in jail number 2 of Tihar, sources said. This has led to speculation that the four accused are likely to be hanged soon.

The BJP is confident of the passage of the contentious Citizenship Amendment Bill in the Rajya Sabha which will be introduced in the upper house on Wednesday, sources said on Tuesday.

The bill piloted by Union Home Minister Amit Shah was comfortably passed in the Lok Sabha on late Monday night as the ruling BJP enjoys a clear majority in the house.

The Supreme Court on Tuesday (today) will begin hearing on a batch of petitions challenging the constitutional validity of revocation of Article 370.

Article 370 guaranteed special status to the erstwhile state of Jammu and Kashmir which was abrogated by the Centre on August 5.

A five-judge bench comprising of Justices SK Kaul, R Subhash Reddy, BR Gavai and Surya Kant and headed by Justice NV Ramana will hear the case.

Shares of YES Bank declined 5 per cent to hit a six-week low of Rs 53.40 on the BSE ahead of the board meeting slated for later today to finalize and approve the details of the preferential allotment.

The stock of private sector lender was trading at its lowest level since October 29, 2019. In the past eight trading days, it has fallen 24 per cent, as compared to a 2 per cent decline in the S&P BSE Sensex.

Shares of PC Jeweller continued to trade under pressure and slipped 5 per cent to hit a fresh all-time low level of Rs 23.50 on the BSE on Tuesday after rating agency CRISIL downgraded its long-term and short-term ratings to the company's bank loan facilities to CRISIL D. The instruments with this rating are in default or are expected to be in default soon, as per the rating agency.

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