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SBI may go for 49 percent stake in Yes Bank: Chairman Rajnish Kumar

Mumbai, Mar 07 (ANI): After Reserve Bank of India put up a month-long moratorium on Yes Bank, SBI chairman Rajnish Kumar in a press conference held in Mumbai on March 07, has said that there is a possibility of the state-run lender picking up stake of up to 49 percent in Yes Bank. Kumar said, "The draft scheme of Reserve Bank of India for reconstruction of Yes Bank is already in the public domain. The plan has been received by State Bank of India (SBI) and the legal team is working on the plan. The time is that on Monday, we have to go to RBI with our comments. Secondly, we had informed through the stock exchange that SBI board has given in-principle approval of exploring possibility of picking up a stake of upto 49 percent in Yes Bank." Reserve Bank of India imposed a month-long moratorium on Yes Bank citing 'serious deterioration in its financial position' on March 05, and capped withdrawal limit at Rs 50,000.

JD(U) puts up 'mocking' poster of RJD chief Lalu Yadav in Patna

Patna (Bihar), Mar 07 (ANI): Continuing the poster war between with Rashtriya Janata Dal (RJD), the Janata Dal (United) put up a 'mocking' poster of RJD chief Lalu Yadav at Income Tax Chauraha in Patna. The poster depicted Lalu's family asking for a special status for him as a prisoner, as against JD(U) "seeking" special status for Bihar. Bihar Assembly elections are scheduled to be held later this year.

47 new coronavirus cases confirmed in UK, total infections stand at 163

New Delhi, Mar 07 (ANI): Britain has confirmed 47 new cases of coronavirus on March 06, bringing the country's total number of infections to 163, according to the country's health authorities. The latest figure includes 147 cases in England, 11 in Scotland, three in Northern Ireland and two in Wales, said the Department of Health and Social Care in a statement. As of 9 am (local time) on Friday, 20,338 people have been tested in Britain, of which 20,175 were confirmed negative and 163 were confirmed positive. One patient who tested positive for the novel coronavirus has died.

DMK general secretary Anbazhagan passes away

Chennai, Mar 07 (ANI): DMK general secretary K Anbazhagan died on March 07 in Chennai following prolonged illness. The mortal remains of Anbazhagan were kept at his residence for the last tribute. Anbazhagan passed away at the age of 97. Following prolonged illness, he breathed his last at Apollo Hospitals in Chennai. He was the general secretary of DMK for 43 years.

11 dead in collision between car and tractor in Bihar's Muzaffarpur

Muzaffarpur (Bihar), Mar 07 (ANI): At least 11 people died and four others sustained injuries in a collision between a car and a tractor. The mishap took place on NH-28 in Kanti Police Station area of Bihar's Muzaffarpur. Injured have been shifted to nearby hospital. Further details awaited.

Annual elephant race held at Kerala's Guruvayoor Temple

Thrissur (Kerala), Mar 07 (ANI): The annual elephant race was held at Guruvayoor Temple in Thrissur on March 06. Gopi Kannan won the race by touching the temple mast first for the 8th time. Thousands of devotees gathered to witness the annual elephant race. A total of 24 elephants participated in the race. Elephant race marks the beginning of the 10-day annual festival of the Guruvayoor Temple.

ICG conducts national-level search and rescue exercise at Goa's Caranzalem beach

Panaji (Goa), Mar 07 (ANI): National-level search and rescue exercise was conducted at North Goa's Caranzalem beach. The maritime exercise was conducted by Indian Coast Guard (ICG) on March 06. Several mock rescue operations and drills were performed by ICG. Captivating exercise was witnessed by International observers from 36 countries. Police security was arranged on beach for organised execution of rehearsal.

ED conducts raid at Yes Bank founder's residence in Mumbai

Mumbai, Mar 07 (ANI): The Enforcement Directorate (ED) conducted raid at Yes Bank founder Rana Kapoor's residence in Mumbai. Raid is underway at 'Samudra Mahal' residential tower in Mumbai. Case has been registered against Rana Kapoor under Prevention of Money Laundering Act. Reserve Bank of India has imposed moratorium on Yes Bank restricting customers' withdrawal limit at Rs 50,000.

Researchers discover unfixable security flaw in Intel chips

New Delhi, Mar 07 (ANI): Security researchers have uncovered vulnerability in Intel chips which could potentially allow compromise at the hardware level. Researchers at Positive Technologies revealed that the vulnerability in the ROM of the Intel Converged Security and Management Engine (CSME) is impossible to fix as it is hard-coded in the Mask ROM of microprocessors and chipsets. As Engadget notes, the CSME is the first thing that runs when you boot up your computer. Before it protects its own memory, there's a brief moment when it is vulnerable and this is when hackers could launch a DMA transfer to that RAM, hijacking code execution. The flaw applies to machines with Intel chips built over the last five years or so. Intel was notified of the vulnerabilities and released mitigations in May 2019 to be added into firmware updates for motherboards and computer systems.

Heavy rain lashes parts of Delhi

New Delhi, Mar 06 (ANI): Several parts of national capital received heavy rains on March 06. The weather in Delhi took a turn on March 05 as several areas in the city lashed by rain and hailstorm. The current temperature of Delhi is 13 Celsius.

Yes Bank crisis: Nirmala Sitharaman assures employment, salaries for at least a year

New Delhi, Mar 06 (ANI): Finance Minister Nirmala Sitharaman assured employment and salaries for at least one year at Yes Bank. "Our government is committed to ensure that depositors' interests are safeguarded. I want RBI to ensure that due process of law is set to roll with a sense of urgency so that we should find out as to who led to the problem of this size and magnitude and more importantly, employment and salaries assured for at least one year," Finance Minister said in a press conference in New Delhi. RBI has assured that the reconstruction plan will come into play within the moratorium period, SBI has expressed willingness to invest in Yes Bank. Since 2017, RBI has been continuously monitoring and scrutinizing Yes Bank. It noticed that there were governance issues and weak compliance in the bank. There was a wrong asset classification together with risky credit decisions. In March 2019, investigative agencies, Securities and Exchange Board of India (SEBI) noticed malpractic

CM Thackeray will visit Ayodhya tomorrow but will not participate in 'Aarti' due to COVID-19: Sanjay Raut

Ayodhya (Uttar Pradesh), Mar 06 (ANI): While addressing a press conference in Ayodhya, Shiv Sena leader Sanjay Raut on Friday said that Maharashtra Chief Minister Uddhav Thackeray will visit Ayodhya tomorrow but will not participate in 'Aarti' programme on the banks of Sarayu River due to coronavirus. Meanwhile, the total number of cases of deadly virus in India has risen to 31 till now.

Haryana govt to avoid non-essential mass gatherings due to Coronavirus

Gurugram (Haryana), Mar 06 (ANI): Amid the spread of Coronavirus, Haryana government will now avoid and postpone all non-essential mass gatherings till the situation improves. Chief Minister of Haryana said, "The administration and all hospitals are on alert. We will avoid/postpone all non-essential mass gatherings till the situation improves." Meanwhile, the total number of cases of deadly virus in India has risen to 31 till now.

COVID-19: People with good health don't require masks, says Harsh Vardhan

New Delhi, Mar 06 (ANI): Amid the tensed situation in the country due to coronavirus, Union Health Minister Dr Harsh Vardhan requested people to remain calm and informed that person with good health, do not require mask but the one suffering from cold or cough must wear it. "There is no need to create panic about the need to wear mask. People with good health do not require masks, however, people who are suffering from cold, cough must wear masks," said Harsh Vardhan. 31 positive Novel Coronavirus cases have been confirmed in the country. The deadly virus which originated from China's Wuhan has spread to over 64 countries across the world.

'Pink Toilet' installed at Noida metro route to celebrate Women's Day

Noida (UP), Mar 06 (ANI): In a move to celebrate Women's Day on March 08 this year, Noida Metro Rail Corporation Limited will start 'Pink Toilet' for women. The restrooms have been installed at Noida Sector 76 and Pari Chowk Metro stations. The special restrooms are equipped with all facilities including sanitary napkin vending machine. A designated room for breastfeeding and baby diaper changing has also been installed.

CM Kejriwal flags off 100 low-floor buses in Delhi

New Delhi, Mar 06 (ANI): Delhi Chief Minister, Arvind Kejriwal flagged off 100 new buses in New Delhi. 100 special low-floor and air conditioned buses were flagged off from Rajghat bus depot. Speaking to the mediapersons, CM Kejriwal said, "Today low-floor A/C buses have been flagged off. Such more buses will keep coming up next year as well."

Devotees celebrate 'Chita Bhasm' Holi in Varanasi

Varanasi (Uttar Pradesh), Mar 06 (ANI): Holi is a festival of colours, but have you ever heard about holi being played with ashes? Uttar Pradesh's Varanasi, which is also known as the holy city 'Kashi', is the place where devotees celebrate this unique 'Chita Bhasm' Holi, every year. It is believed that a day after Lord Shiva was coming back after completing a marital custom with Devi Parvati, he went to the Manikarnika Ghat to play 'Chita Bhasm' Holi with ghosts, spirits and invisible energies. Devotees from worldwide, specially visit Varanasi to play 'Chita Bhasm' Holi.

Delhi Violence: Rs 5 lakh compensation approved for completely burnt houses, says Manish Sisodia

New Delhi, Mar 06 (ANI): Delhi Deputy CM Manish Sisodia informed that State Cabinet has approved Rs 5 lakh compensation for completely burnt houses and Rs 2.5 for partially burnt houses. "State Cabinet yesterday approved Rs 5 lakh compensation for completely burnt houses and Rs 2.5 lakh for houses that suffered substantial burns in Delhi violence. Government will launch 2-day verification drive for the release of compensation for the victims," said Manish Sisodia.

BS Insurance Round Table 2020: Predatory pricing slammed, sandbox lauded

Key participants at the BS Insurance Round Table 2020 were unanimous in their views on predatory pricing in general insurance, with Bhargav Dasgupta, MD & CEO, ICICI Lombard, stating that the practice would kill competition.

Equity indices plunge on weak global cues, Yes Bank crashes by 55%

New Delhi, Mar 06 (ANI): Equity benchmark indices closed nearly 2.5 per cent lower on Friday after the Reserve Bank of India (RBI) placed Yes Bank under a moratorium and took over its board. The spreading coronavirus (Covid-19) was another reason that weakened market sentiment as the death toll increased to nearly 3,300 globally with infected cases of more than 96,000. Reports said investors lost over Rs 3.7 lakh crore in intraday trading amid Yes Bank crisis and virus-led fears. The BSE SandP Sensex closed 894 points or 2.32 per cent to 37,577 while the Nifty 50 cracked by 289 points or 2.57 per cent at 10,980. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 5.25 per cent, private bank by 3.81 per cent, financial service by 2.89 per cent and metal by 4.35 per cent. Among stocks, Yes Bank crumbled by 54.89 per cent to Rs 16.60 per share after the RBI said it is superseding the board of troubled private sector lender with immediate effec