Seven Big Stories — Coronavirus, US Airstrikes, Global Markets & More

A Bulletin of Seven Big Stories From Around The World Every Day – Coronavirus Outbreak and Cure, Yes Bank resolution, and global markets.

Yes Bank gets binding offer of $1.2 billion, stock zooms

Yes Bank informed that it has received a binding offer from a global investor for an investment of 1.2 billion dollars in the bank through fresh issuance of equity shares.

Yes Bank sells 6.56% stake in Fortis Healthcare

Private sector lender Yes Bank on October 14 sold 6.56% stake in leading hospital chain Fortis Healthcare for a little over Rs 645 crore through an open market transaction.

Yes Bank appoints Anita Pai as COO and Jasneet Bachal as CMO

Yes Bank announced the appointment of Anita Pai as Chief Operating Officer (COO) and Jasneet Bachal as Chief Marketing Officer (CMO).

Yes Bank files complaint with Mumbai cyber cops; here is why

Yes Bank has lodged a complaint with Mumbai Police and Cyber Cell against the dissemination of fake news and spread of rumours about the bank’s financial health on social media platforms.

Another corporate scam hits economy: CG Power reveals fraudulent transactions

‘Suspect’ transactions detected at Gautam Thapar’s CG Power; stock tanks 20%. YES Bank suffers collateral damage, as per ET reports.

Yes Bank appoints two Senior Group Presidents, dispels market rumours

Yes Bank appoints two top management leaders, dispels market rumours Yes Bank on Monday announced the appointment of Rajeev Uberoi as the Senior Group President for Governance and Controls and Anurag Adlakha as Senior Group President and Head for Financial…

Yes Bank board exodus continues

Mukesh Sabharwal, former defence personnel, tendered his resignation from the Yes Bank’s board, supposed to have cited personal reasons. He has been on the board since April 2012.

Yes Bank ropes in ex-RBI Deputy Governor as Additional Director

R Gandhi appointed as Additional Director on Yes Bank board Former Reserve Bank of India Deputy Governor Rama Subramaniam Gandhi has been appointed as Additional Director on the board of Yes Bank. The appointment from May 14 is for a…

Stock markets continue downwards spiral, NSE in red zone

Stock markets continue to slide down, Nifty below 11,330 Equity benchmark indices extended their fall for a fourth consecutive trading session this week and traded lower in the early hours on Thursday. Except IT and Media, all sectoral indices at…