A bank official, however, said the money has been paid \"in protest\" and the lender believes that it has not violated any norms.

However, the indices later recovered on management of these companies allaying concerns over their financial position.

The YES Bank stock tumbled up to 34.03% or 108 points in early trade to 210.10 level. At 9:44 am, the stock was trading17 percent or 54 points lower at 263.65 on the BSE.

Rana Kapoor to retire as Yes Bank MD and CEO by January 2019; Samara-Amazon bags Aditya Birla Group's retail chain; Gujarat Assembly increases MLAs' salary by at least Rs 45,000; and Alibaba's Jack Ma warns US-China trade war could drag for 20 years. Watch more in this episode of Business Wrap.

Income tax officials inspect books of Jet Airways in Mumbai, Delhi officesThe Income Tax Department on Wednesday swooped down on the premises of Jet Airways in Mumbai and Delhi to carry out an inspection of the books of the crisis-ridden airline for alleged falsification of accounts and siphoning of funds. As many as 50 tax officials are reported to have been pressed into action for the survey operation under Section 133A of the Income Tax Act at the Naresh Goyal-led airline's And...

Rana Kapoor, who co-founded the bank with Ashok Kapoor in 2004, established the private bank's credentials and led it to rise above expectations. Its shares have seen a 25-fold rise in the past 13 years and have generated compound annual growth return of around 28 per cent.

In June this year, Yes Bank shareholders had approved Kapoor's re-appointment as the MD and CEO of the bank, subject to RBI's approval.

The Reserve Bank of India nod to appointing Amitabh Chaudhary as the next MD and CEO of Axis Bank, after Shikha Sharma had to opt for a hasty exit, comes with a clear underlying message.

The industry is excited about blockchain technology but understands that it will need a lot more p2P consensus to make it feasible.

ICICI Bank votes for Chanda Kochhar's reappointment to board; Rana Kapoor to remain Yes Bank CEO and MD till further notice from RBI; Vodafone and Idea get ready to become Vodafone Idea; and after Future Retail and More, Amazon adds Spencer's to cart. Watch more in this episode of Business Wrap.

The Sensex closed marginally lower in volatile trade today ahead of the release of April-June quarter GDP data scheduled later in the day. The 30-share Sensex closed 45 points, or 0.12 per cent lower to 38,645 level. It hit intra day high of 38,838 and intra day low of 38,562 level in trade today. It lost 206.53 points in the previous two sessions.The Nifty ended marginally higher by 3 points to 11,680 level. Tata Motors (2.87%), PowerGrid (2.37%) and Sun Pharma (1.99%) were the top S...

Rupee plunges to record low of 71 against US dollarThe Indian rupee collapsed to a fresh record low of 71 against the US dollar for the first time ever by falling 26 paise on persistent demand for the US currency amid rising crude prices, news agency PTI has reported.Rupee is worst performing currency in Asia on year-to-date basis. Rana Kapoor to remain Yes Bank CEO and MD till further notice from RBIPrivate sector lender Yes Bank today said it has received RBI's approval for the ...

The stock fell 6.60% to intra day low of 338 today. At 12:10 pm, the stock was trading 5.50% or 20 points lower on the BSE.  It opened at a loss of 5.22% in trade today.  Its market capitalisation fell to Rs 78,984.09 crore on the BSE.

In June this year, Yes Bank's shareholders had approved the re-appointment of Rana Kapoor as the chief executive and managing director for three years, subject to final approval from the Reserve Bank of India.

Reacting to the uncertainty, the YES Bank stock closed 1.12% lower to 361.90 level on BSE today. The stock has been losing for the last three days and lost 5.78% during the same period. It touched an intra day low of 358.20 in trade today.

Fanney Khan, Mulk and Karwaan all failed to impress the audience.

Not only in India, Dhadak is doing rather well in overseas markets as well, including in Pakistan.

Trade analysts are expecting big things from Dhadak. Despite no big names associated with the film except Karan Johar, experts expect the Sairaat-remake to bring in around Rs 20 crore by the end of this week.

Can Karan Johar's Dhadak recreate the magic of Nagraj Manjule's Marathi hit, Sairat?

The market snapped its two-day winning streak, tracking losses across Asian peers ahead of imposition of US tariffs on Chinese exports.While the Sensex closed 70 points lower at 35,574, Nifty fell 20 points 10,749 level.  Unabated foreign fund outflows and a weak rupee added to the gloom, brokers said.Market heavyweight Reliance Industries slumped 2.53 per cent to 965 level after chairman Mukesh Ambani unveiled a mega fixed-line broadband initiative and announced plans for an...