The Indian markets are likely to open sharply lower as sell-off in global equities continues after the World Health Organization (WHO) declared the coronavirus outbreak a global pandemic.

State Bank of India:

The state-run largest lender has waived the average monthly balance maintenance for all savings.

InterGlobe Aviation: IndiGo has said that it is experiencing a fall in daily bookings to the extent of 15-20 percent over the last few days.

Biocon: The company and Mylan have won a patent case asserted by Sanofi for insulin Glargin device in the US.

Varun Beverages: PepsiCo to acquire energy drink maker Rockstar Energy in a $3.85 billion deal.

Mahindra & Mahindra: The company to acquire additional 34,249 equity shares of MITRA Agro Equipments Pvt Ltd.

Canara Bank: The lender has allotted Basel-III compliant Tier-II bonds worth Rs 3,000 crore.

KPIT Technologies: The company will buy 78.5 percent stake in Vayavya Labs for Rs 24.56 crore.

Hikal: The company has clarified that there has been no closure at its Mahad unit and the unit has been operating normally.

SMS Pharmaceuticals: The company has received an Establishment Inspection Report (EIR) from USFDA for API facility in Andhra Pradesh.

Jindal Saw: CARE Ratings has assigned its rating as A1+ for the proposed commercial papers.

First Published:Mar 12, 2020 8:13 AM IST