Shares of YES Bank vaulted 15 per cent to a two-year high of Rs 20.4 on the BSE in Friday's intra-day deals. The jump was supported by massive volumes on the counter as 760 million shares, together, changed hands on the NSE and BSE. At 10:44 AM, shares of the lender were up 12 per cent at Rs 19.9 per share as against 0.28 per cent fall in the benchmark S&P BSE Sensex.

According to media reports, YES Bank has moved the National Company Law Tribunal (NCLT) to initiate corporate insolvency resolution process (CIRP) against Digital Ventures Pvt. Ltd, a wholly-owned unit of Zee Learn Ltd.

Realty firm Elan Group on Friday said it has raised USD 60 million from global investment firm PAG to fund construction of projects, reduce debt and expand business.

The company has secured a second round of funding from PAG. In August this year, it had raised USD 50 million from PAG.

Business travel has made a strong comeback in India after two straight years of subdued sentiments due to the pandemic. Hospitality major OYO has recorded an 83 per cent year-on-year (YoY) uptick in bookings in business cities, between April and November this year.

According to the company’s Business Travel Trends Report 2022, Delhi emerged as the most-booked business city, closely followed by Hyderabad.

After registering a win in the Himachal Pradesh Assembly election, Congress MLAs will meet on Friday in Shimla to decide on the chief minister.

Himachal Congress Legislature Party meeting will be held at 3 pm at State Congress Headquarters, Rajiv Bhawan today.

Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday said that India will have to face global competition effectively to achieve the goal of becoming a prosperous and developed nation.

He was speaking at the CII Global Economic Policy Summit in New Delhi on Thursday.

The Central government has accorded 'in-principal' approval for the setting up of 21 greenfield airports across the country, said Minister of State in the Ministry of Civil Aviation Gen VK Singh on Thursday.

According to the Ministry of Civil Aviation, in a written reply to Lok Sabha, Singh said these airports include Mopa in Goa, Navi Mumbai, Shirdi and Sindhudurg in Maharashtra, Kalaburagi, Vijayapura...

On Wednesday, the Reserve Bank of India (RBI) hiked the repo rate by 35 basis points (bps) to 6.25 per cent. RBI governor Shaktikanta Das said that Monetary Policy Committee (MPC) voted 5-1 to raise the rates. RBI also lowered its GDP growth forecast for FY23 to 6.8 per cent from 7 per cent earlier.

The MPC voted 4-2 to remain focused on withdrawing accommodation so that inflation remains within the target while supporting growth.

The exit-poll survey of Gujarat Assembly elections has indicated a full majority for BJP and it will have an impact on Karnataka also, said Chief Minister Basavaraj Bommai.

"This will have a very positive impact on Karnataka as the people here are pro-BJP. The result will boost the morale of our workers and we are going to increase at least 3-5 per cent of our votes because of this," the Chief Minister said.

On the eve of the announcement of election results for the Municipal Corporation of Delhi (MCD), Deputy Chief Minister Manish Sisodia said on Tuesday predicted a landslide victory for the Aam Aadmi Party (AAP).

"This mandate will be a signal from Delhi to the whole country that AAP is a fiercely-honest party. The BJP levelled fake allegations against me, ran a witch-hunt against Satyendar Jain. But the people of Delhi have proven with their mandate that there was no scam in Delhi and all the allegations levelled by the BJP were false, motivated by conspiracy and dirty politics," Sisodia said.

India is the world's largest democracy and home to a great diversity of faiths, the US said on Tuesday.

While addressing reporters, US Department of State spokesperson Ned Price said, "India of course, is the world's largest democracy. It's home to a great diversity of faiths. Our annual report on international religious freedom outlines some of the concerns we've taken note of when it comes to India. And we continue to carefully monitor the religious freedom situation in all countries and that includes India."

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