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Yes Bank FPO issue: Floor price fixed
at ₹12 per share https://www.livemint.com/market/stock-market-news/yes-bank-fpo-issue-floor-price-fixed-at-rs-12-per-share-11594362967099.html
Download mint app for latest in Business News - https://bit.ly/32XEfFE

Yes Bank FPO issue: Floor price fixed at ₹12 per share Yes Bank had earlier said that its ₹15,000 crore FPO will open on July 15, 2020 and close on July 17, 2020.In the Yes Bank FPO, shares can be bid in lots of 1,000 equity shares.

Redington (India) Ltd
Cmp 78
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Nifty opening 80 point plus. Asian shares are likely to dip on Thursday 28th may, after remarks by U.S. Secretary of State Mike Pompeo that Hong Kong no longer warranted special treatment under US law reignited worries about worsening relations with Beijing.

Experts unhappy with suspension of IBC for 1 year, say it puts banks at more risk.Suspending IBC for one year may not be a good idea.
One of the most important steps was the ease of doing business through Insolvency & Bankruptcy Code (IBC) related measures, which included the suspension of fresh initiation of insolvency proceedings up to one year depending upon the pandemic situation.

The much-touted Rs 20 trillion package amounting to 10 percent of the GDP is a tall claim since it includes all the monetary measures announced by the RBI and the credit guarantees given by the government. The actual fiscal stimulus is less than 2 percent of the GDP. Considering the enormity of the crisis, this stimulus is indeed inadequate. But it is important to appreciate the fact that India’s resources are limited and there are no easy ways out.

Allowed (except in containment zones):

> Inter-state movement of passenger vehicles and buses with mutual consent of the states and Union Territories.
> Inter-state movement of passenger vehicles and buses as decided by states and Union Territories.
> Sports complexes and stadiums will be allowed to remain open. But, spectators will not be allowed.

What’s not allowed:

> Cinema halls, gymnasiums, swimming pools, shopping malls, theatres, bars and auditoriums shall remain closed.
> Schools, colleges and coaching institutions will remain closed. The guidelines encourage online teaching.
> Hotels and hospitality services to remain closed. Restaurants can remain open only for home delivery.
> Domestic and international air travel, except those which are permitted.
> Metro rail service.
> All religious places of worship will remain closed. Religious congregations remain strictly prohibited.

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To contain the spread of the novel coronavirus pandemic, the Centre on May 17 extended the nationwide lockdown till May 31.