Business highlights

New Delhi, Mar 8 () Following are the top business stories at 1930 hours:-

DCM30 BIZ-YESBANK-RBIRBI reiterates depositors' money safe in banks; concerns based on 'flawed' analysisMumbai: Allaying concerns raised by many after Yes Bank fiasco, the Reserve Bank on Sunday reiterated that depositors' money is safe and it is closely monitoring all banks.

DCM25 BIZ-CEA-BANKSIndian banks well capitalised, no reason to worry: CEANew Delhi: Allaying concerns over banking sector health in the wake of Yes Bank fiasco, Chief Economic Adviser Krishnamurthy Subramanian on Sunday said Indian banks are well capitalised and there is no reason to worry.

DCM7 BIZ-MARKET OUTLOOKMarkets to remain under pressure amid Yes Bank crisis, coronavirus concerns: AnalystsNew Delhi: Markets are likely to remain under pressure in the holiday-shortened week ahead with investors tracking the Yes Bank crisis and the coronavirus outbreak which have cast a shadow over trading sentiment, analysts said.DEL7 BIZ-STOCKS-MCAPSix of top-10 firms lose Rs 95,432 cr in m-cap; RIL takes biggest hitNew Delhi: Six of the 10 most valued domestic companies suffered a combined erosion of Rs 95,432.26 crore in market valuation last week, dragged down by Reliance Industries Limited (RIL) and HDFC Bank amid a bearish trend in the broader market.DCM17 BIZ-TELECOM PSU-FLOOR PRICEExempt telcos with under 15% market share from floor price norms: BSNL, MTNL to TraiNew Delhi: State-owned BSNL and MTNL have told the sector regulator Trai that tariff fixation should be applicable only on telcos with more than 15 per cent subscriber base in a service area, while those with lower or negligible user base should be exempt from the purview of minimum floor price.

DCM3 BIZ-SEBI-DEBENTURE NORMSDefault by some NBFCs on secured debentures pushes Sebi to introduce reformsNew Delhi: A spate of defaults by some NBFCs has forced capital markets regulator Sebi to come out with a new set of measures to secure the interest of debenture holders and shore up their confidence in the regulatory mechanism to check any wrongdoings.DCM23 BIZ-WTOSpecial, differential treatment for developing countries to figure in WTO meet in KazakhstanNew Delhi: Special and differential treatment for developing countries like India will figure prominently in the World Trade Organization's (WTO) 12th Ministerial Conference meet in June in Kazakhstan, an official said.DCM4 BIZ-FPI-OUTFLOWFPIs turn net sellers, pull out Rs 13,157 cr in March so farNew Delhi: Snapping their six-month buying streak, FPIs pulled out a net Rs 13,157 crore from the Indian capital markets in the first five trading sessions of March as the coronavirus outbreak spooked investor sentiment.DCM17 BIZ-TELECOM PSU-FLOOR PRICEExempt telcos with under 15% market share from floor price norms: BSNL, MTNL to TraiNew Delhi: State-owned BSNL and MTNL have told the sector regulator Trai that tariff fixation should be applicable only on telcos with more than 15 per cent subscriber base in a service area, while those with lower or negligible user base should be exempt from the purview of minimum floor price. MKJ MKJ