Business highlights

Following are the top business stories at 1920 hours:

DEL20 BIZ-INFRA-GROWTH Infra sector growth improves to 4.7 pc in Mar

New Delhi: The growth of eight core sectors improved marginally to 4.7 per cent in March 2019 against 4.5 per cent in the same month last year.

DCM31BIZ-STOCKS-LD YES BANK Yes Bank shares sink 30%; m-cap drops by Rs 16,048.56 cr on Q4 loss

New Delhi: Shares of Yes Bank slumped nearly 30 per cent Tuesday after the company reported a loss of Rs 1,506.64 crore for the fourth quarter ended March 31, owing to rise in provisioning for bad loans.

DEL22 BIZ-RUPEE-CLOSE Rupee gains for 2nd straight session; settles 46 paise up at 69.56 vs USD

New Delhi: The rupee appreciated for the second straight session Tuesday to close higher by 46 paise at 69.56 against the US dollar as crude oil prices retreated from six-month high levels and the greenback weakened against global rivals.

DEL23 BIZ-LD STOCKS Benchmark indices slightly lower as Yes Bank shares nosedive

Mumbai: Market benchmarks Sensex and Nifty Tuesday closed with marginal losses after a volatile session as a massive 30 per cent plunge in Yes Bank shares overwhelmed the gains of HDFC twins and IT stocks.

DCM45 BIZ-SATYAM-GURNANI A decade after Satyam scam, systems still take long time to detect discrepancies at cos: Gurnani

New Delhi: A decade might have passed after the infamous Satyam Computer scam and subsequent regulatory actions but Tech Mahindra chief C P Gurnani feels systems still take long time to detect discrepancies at corporates and better data analytics are needed to plug the loopholes.

DCM51 BIZ-GOVT-NHB Govt notifies taking over of NHB from RBI

New Delhi: The government has issued a notification taking over the National Housing Bank (NHB) after buying entire stake for Rs 1,450 crore from the Reserve Bank of India (RBI).

BCM10 VISTARA-HIRING-JET Vistara to hire 100 pilots, 400 cabin crew from Jet

Mumbai: In one of its largest hiring exercise since it began operations over three years back, the premium carrier Vistara is hiring around 500--100 pilots and 400 cabin crew--mostly from the grounded Jet Airways, say industry and airline sources.

DCM33 BIZ-ILFS-MUTUAL FUNDS IL&FS Mutual Fund makes on-time redemption; pays Rs 314 cr to debt fund investors

New Delhi: IL&FS Mutual Fund Tuesday paid Rs 314 crore to investors in one of its infrastructure debt fund, making on-time redemption, according to a release.

DCM39 BIZ-AMAZON Amazon targets USD 5 billion e-commerce exports from India by 2023

New Delhi: Online marketplace Amazon Tuesday said it expects e-commerce exports from India to reach USD 5 billion by 2023 under its global selling programme.