Top headlines: India takes stock of coronavirus impact; YES Bank ‘normal’

by | Mar 17, 2020 | Stock Loans | 0 comments


Moody’s Investors Service lowered India’s GDP growth forecast, predicting the coronavirus will hurt the country’s economy. Here is more in news on Tuesday.


Moody’s cuts India’s GDP growth


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Moody’s Investors Service lowered India’s GDP growth forecast for 2020 calendar year to 5.3 per cent, on coronavirus implications on the economy.


YES Bank to resume normal ops

YES Bank will resume “normal operations” from 6pm on Wednesday and it has no liquidity problem, said the administrator of the private lender under moratorium till April 3.


Auto dealers ask SC to extend sale of BS-IV vehicles

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The Federation of Automobile Dealers Associations (FADA), has approached the Supreme Court with an interlocutory application and an application seeking modification in its earlier order, which put a ban on sellling or registering BS-IV vehicles across the country.


ArcelorMittal, Nippon sign $5.15 bn loan pact

Japan’s biggest steelmaker Nippon Steel Corp said its joint venture with ArcelorMittal has signed a $5.15 billion loan agreement with Japanese banks, including Japan Bank for International Cooperation.

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First Published: Tue, March 17 2020. 17:56 IST










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