Stocks

Yes Bank: The holding companies belongs to promoters family of YES BANK Yes Capital and Morgan Credits, stumped up at least Rs 700 crore in cash collateral over the past few days to Franklin Templeton MF and Reliance MF to avoid breach of covenants on non-convertible debentures. While rating agency ICRA has downgraded the long-term ratings for Yes Bank raising concern on corporate governance issues.

Jet Airways: Etihad and jet Airways are in talks to venture in with third Indian entity that will partner Etihad in buying a majority stake and management control in Jet.

TCS: Tata Consultancy Services has acquired a US based management consulting firm BridgePoint Group, LLC that caters to the financial services industry.

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