Business

The market cap of Infosys zoomed Rs 29,215.96 crore to Rs 2,78,339.46 crore last week, the most among the top-10 firms.

India is currently under a 21-day lockdown from March 25 to curb the spread of coronavirus. Therefore, all domestic and international commercial flights have been suspended during this period.

In 46 countries, Infosys employs more than 2.4 lakh employees, serving 1,384 customers. The 70 per cent workforce translates to 1.7 lakh employees.

Under the companies law, certain classes of profitable entities have to shell out at least 2 per cent of their three-year annual net profit towards Corporate Social Responsibility (CSR) activities in a particular financial year.

Forex traders said market participants are concerned that the sharp rise in coronavirus cases, with nearly 400 cases in the country, could weigh on the economy.

The RBI had put a six-month regulatory restriction on the bank on September 23 last year after finding out certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.

India's NSE stock futures listed on Singapore Exchange were down 5.30% at 0320 GMT. The blue-chip NSE Nifty 50 index, which fell 5.5% on Wednesday, has plumbed multi-year lows and shed 30% this year.

Yes Bank Ltd shares as much as 50% at the day’s high as the moratorium imposed on the lender by the central government is set to be lifted from Wednesday.

In the previous session, the Sensex closed 810.98 points or 2.58 per cent lower at 30,579.09, while the Nifty slumped 230.35 points or 2.50 per cent to finish at 8,967.05.

Coal India (CIL) has also asked its employees to avoid large gatherings and urged meetings to be conducted via video conferencing as steps against coronavirus outbreak.

Forex traders said the fall in the domestic unit was in line with other Asian peers amid mounting fears of a coronavirus-led economic slowdown.

Essel Group promoter Subhash Chandra, Jet Airways founder Naresh Goyal and Indiabulls chairman Sameer Gehlaut are among the top businessmen who have been asked to appear before the ED.

Thakur placed before the House the notifications dated March 13, 2020 seeking to raise special additional excise duty on petrol by Rs 2 to Rs 10 per litre in case of petrol and to Rs 4 per litre litre from Rs 2 in case of diesel.

The market capitalisation of BSE-listed companies dropped by Rs 6,25,501.8 crore to Rs 1,23,00,741.02 crore in the opening trade, days after making a strong comeback.

At 9:35 am, SBI Cards shares were trading at Rs 574 apiece on BSE, down Rs 181 from its issue price of Rs 755. The equity shares were admitted to dealings on the exchange in the list of 'B' group securities.

Dalal Street was buzzing with speculation of an inter-meeting rate cut by the RBI after Governor Shaktikanta Das called a press conference at 4pm amid widespread calls for a rate cut.