Page 46 - Yes Bank

Tata Motors, Yes Bank and Vedanta to move out of BSE Sensex from Dec 23

Tata Motors, Tata Motors with differential voting right (DVR), Yes Bank and Vedanta will be dropped from the BSE's benchmark Sensex from December 23. In their places, UltraTech Cement, Titan Co Ltd and Nestle India will be added in the index, Asia Index, a joint venture between S&P Dow Jones Indices and the BSE, said in a statement on Friday. Besides, UPL Ltd and Dabur India will find a place in the S&P BSE Sensex 50, replacing Indiabulls Housing Finance and Yes Bank. Among other changes, Indiabulls Housing Finance, Yes Bank, InterGlobe Aviation, SBI Life Insurance Company and Info Edge (India) will make entry in the S&P BSE Sensex Next 50, while Cadila Healthcare, Dabur India, Glenmark Pharmaceuticals, UPL Ltd and Edelweiss Financial Services will be dropped from the index. The changes will be effective from Monday, December 23, 2019, Asia Index said. Apart from these, changes have been made in several indices including S&P BSE 500, S&P BSE 200 and S&P BSE

Top headlines: Sebi tightens default disclosure norms, India's sops, & more

Here are the top news stories that made headlines today

Rana Kapoor sells entire Yes Bank stake; holds shares worth Rs 57,600

The bank's stock has fallen 65% to Rs 64.15 a share, this year to date

RBI discovers more than $450 million in extra bad loans at Yes Bank

Gross non-performing assets assessed by the Reserve Bank of India were $457 million higher than Yes Bank had disclosed as of March 31

Promoter Rana Kapoor sells all but 900 YES Bank shares, worth Rs 60,000

Year to date, the stock of YES Bank has fallen 65 per cent to Rs 64.15 a share

RBI found Rs 3,277-cr divergence in NPA provisioning for FY19: YES Bank

After providing for in Q2, incremental gross NPA is Rs 2,018 cr; additional provision required is Rs 632 cr

Rana Kapoor, other promoters pare stake in YES Bank to token 900 shares

Yes Bank closed on Tuesday 2.66 per cent lower, at Rs 64.15 a share, on the BSE.

YES Bank has option to extend November 30 deadline on binding offer

According to a source close to the development, the bank is still in talks with the investor and has not taken any decision on the offer

Bad news: What you say doesn't matter

The impact of user-generated content which takes the brand out of the brand owner's control is only growing

Top business headlines: Vodafone's India crisis, retail inflation, and more

From Supreme Court striking down amended Finance Act rules for tribunals to SpiceJet second quarter loss, Business Standard brings you the top business headlines for the day

YES Bank: World's worst-performing bank stock posts globe's biggest surge

Its shares have rallied about 50 per cent -- the biggest gain among global peers valued at more than $1 billion -- after embattled founder Rana Kapoor was forced to sell his holdings in October

MSCI adds Info Edge, Indraprastha Gas to India Index; YES Bank, BHEL out

MSCI, the world's biggest index compiler, has added eight Indian stocks including HDFC Asset Management, Info Edge (India) and Indraprastha Gas Ltd to its India Index, while removing Vodafone Idea, Yes Bank and four others that have seen significant market capitalisation erosion this year. It has added eight companies and deleted six from the MSCI India Domestic Index. Those deleted include Bharat Heavy Electricals Ltd (BHEL), Glenmark Pharmaceuticals, Indiabulls Housing Finance, L&T Finance Holdings, Vodafone-Idea Ltd and Yes Bank, MSCI said in a statement. Those added to the MSCI India Index include Berger Paints, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas Ltd, Info Edge (India), SBI Life Insurance Co and Siemens India. MSCI added seven stocks and deleted four from MSCI Global Standard Index. The additions included Berger Paints, Colgate, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, and Siemens. Meanwhile, the deletions from the global index include ..

Building ethical assets

Managers must learn to teach business ethics and values

Moody's places YES Bank's 'Ba3' rating under review for a downgrade

An inability to raise planned equity capital will negatively impact YES Bank's credit profile and ratings, Moody's added

YES Bank gains 9% after Rakesh Jhunjhunwala buys 0.5% stake

On Monday, the ace investor bought 12.9 million shares representing 0.51 per cent of the total equity of YES Bank at a price of Rs 67 apiece in a bulk deal on the BSE.

Top 10 biz headlines: India opts out of RCEP, Jhunjhunwala's YES Bank stake

Data from exchanges showed that Jhunjhunwala bought 12.9 million shares of YES Bank at price of Rs 67 apiece in a bulk deal on the BSE

Big Bull Rakesh Jhunjhunwala takes a 0.5% stake in YES Bank for Rs 86 crore

The bank has lately seen some recovery in its share price after informing exchanges that it had a binding offer from a global investor for an investment of $1.2 billion

Dear YES Bank, the loose talk isn't helping. Just close this rescue soon

This everyday excitement is unhelpful. It would be nice to have YES's board approve a concrete fundraising offer

YES Bank slumps 10% on second-largest quarterly loss in Q2, recovers later

In a conference call with analysts, Ravneet Gill, MD & CEO of YES Bank, said the fresh capital would come in by December-end. The binding offer of $1.2 billion came from a North American investor

Every 'torpedo' fired hit us: YES Bank on stressed loans situation

Gill exuded confidence that the bank does not see any jump in this book in the future, but conceded that it was keeping a similar outlook earlier as well.