The Indian markets are set to open sharply lower on Friday following a massive sell-off in global risky assets. The Sensex and Nifty plunged into bear territory on Thursday, with the blue-chip Nifty 50 sliding below 9,600-mark to its lowest level in 2.5 years after the coronavirus outbreak was termed a pandemic and the United States suspended travel from Europe.

State Bank of India:

The SBI board has approved the purchase of 725 crore shares in Yes bank at Rs 10 per share.

Wipro: Company has announced that it will co-develop solutions with SAP for retail and fashion industry.

Sun Pharmaceuticals Industries: The company will consider share buyback on March 17.

BPCL: The company has declared an interim dividend of Rs 16.50 per share.

IIFL Finance: The company has received NBFC license from the Reserve Bank of India on March 11.

Cipla: The board has approved payment of interim dividend of Rs 3 per share and one-time special dividend of Re 1 per share.

Lakshmi Vilas Bank: The lender has clarified that its liquidity coverage ratio is at a comparable level more than what is prescribed by the Reserve Bank of India (RBI) and it is in the process of recovering NPAs.

KPI Global Infrastructure: The company has signed a power purchase agreement with Songwon Speciality Chemicals for sale of 1 million-watt solar power for a period of 5 years.

Escorts: India Ratings has revised company's outlook to ‘Stable’ from ‘Positive’.

AstraZeneca Pharma India: The company has received import and market permission from the Drugs Controller General of India for Calquence drug, used for the treatment of leukemia.