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Yes Bank will be watched after RBI clears bank of divergence

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announced after market hours yesterday, 13 February 2019, that the of (RBI) assesses compliance by banks with extant prudential norms on income recognition, asset classification and provisioning (IRACP) as part of its supervisory processes. As part of this process, has received the Risk Assessment Report for FY2018. The report observes NIL divergences in the bank's asset classification and provisioning from the RBI norms.

(DHFL) announced after market hours yesterday, 13 February 2019, that due to full-time engagement with other assignments within the company, Harshil Mehta, has expressed his desire to resign from the position of (designated as joint managing director & CEO) from the of the company with immediate effect. However, he would continue to be associated with the company and shall hold the designation of president-business with effect from 14 February 2019. The of the company have accepted his aforesaid resignation from the board with effect from 13 February 2019.

The Nomination and remuneration committee of the of the company has recommended to the board the appointment of as an and Srinath Sridharan as a non-to receipt of requisite approvals from the regulatory authorities.

announced after market hours yesterday, 13 February 2019, that its board discussed segregation of the company's power grids business from the other businesses conducted by the company. Following such discussions, the board granted in-principle approval for the segregation of the company's power grids business from the company's other businesses. Having discussed various options for structuring such segregation, the board determined that a court-approved demerger is the preferred option. The board authorised the management of the company to take preparatory steps in this regard, including the appointment of and presentation of a detailed proposal for a demerger. The board will consider the detailed proposal before making a final decision and the company will make appropriate disclosures to the stock exchanges once the board has taken a final decision in this regard.

has been granted a patent for 'Air Rich Yarn and Fabric and its method of manufacturing' by The present invention describes the novel "Air Rich Fabric" and "Air Rich Yarns" with pores throughout the cross section of the yarn. The invention is directed at producing Air Rich Fabrics and Yarns which have high breathability, quick absorbency, easy dryability, and increased bulk. Unlike regular terry fabrics which become harsh after multiple washes, retains softness and become more bulky even after multiple washes. That is why we call such fabrics- "Start Soft, Stays Soft". The grant of this patent provides further recognition of the quality of the innovation being carried out by the team. The announcement was made after market hours yesterday, 13 February 2019.

Tata Power, and inaugurated India's first in Rohini, This 10 MW project is located at Distribution's (Tata Power-DDL) sub-station in Rohini, and will provide grid stabilization, better peak load management, add system flexibility, enhance reliability and protect critical facilities for 2 million consumers served by the company. The announcement was made after market hours yesterday, 13 February 2019.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 14 2019. 08:04 IST
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