GOI on Tuesday imposed a one-month moratorium on Lakshmi Vilas Bank and capped the cash withdrawal limit at Rs 25,000 for depositors. "The Reserve Bank assures the depositors of the bank that their interest will be fully protected and there is no need to panic," it said in a statement, reiterating that the central bank has drawn up a scheme for the bank’s amalgamation with another bank.

Bitcoin reached $17,000 for the first time since just after the burst of the cryptocurrency bubble almost three years ago. The largest digital coin, which has more than doubled this year, rose as much as 2.2% to $17,067 on Tuesday in New York trading. From an all-time high in December 2017 of nearly $20,000, Bitcoin tumbled to as low as $3,136 within a year.

India’s leading bourse National Stock Exchange of India (NSE) has acquired deep tech education firm TalentSprint Private through its wholly-owned subsidiary NSE Academy. TalentSprint is a leading education technology provider in the professional learning and executive education space using a hybrid online-onsite model and headquartered in Hyderabad, India.

Yes Bank on Tuesday said it has launched a co-branded prepaid card in partnership with Neokred Technologies to facilitate cashless payments. The card offerings can be personalised to suit the requirements of corporates seeking salary cards or expense cards for their employees. The prepaid card will be offered to Neokred's corporate partners across various sectors.

Bharti Airtel has started deploying 4G technology in 900 megahertz band, which it was using for 2G services, across 10 telecom circles to enhance indoor coverage of the high-speed mobile telephony, according to sources involved in the process. The refarming of 900 Mhz spectrum band for 4G services is underway in six circles of Delhi, Kolkata, Andhra Pradesh, North East, Karnataka & Rajasthan.

Real estate company, DLF on Tuesday has been recognised as an index component of the Dow Jones Sustainability Indices (DJSI) in Emerging markets category. Notably,  DLF is the only real estate company from India to be included in the DJSI index, it joins the ranks of just 11 companies from India to be recognised for the benchmark for Corporate Sustainability.

British airline easyJet has posted its first full-year loss in its 25-year history as a result of the coronavirus pandemic but laid out hope that the rollout of vaccines will help it bounce back strongly next year. The airline reported a pretax loss of 1.27 billion pounds ($1.7 billion) for the year through September as passenger numbers halved to 48.1 million.

Mahindra & Mahindra Ltd. (M&M), India’s largest tractor manufacturer, plans to invest an additional ₹100 crore at its Zaheerabad plant in Telangana to gear up to produce the new K2 series of tractors at the unit, the company said on Tuesday. M&M also said that while expanding operations at its Telangana unit, it plans to double the employment by 2024.

For the first time ever, music festival Bacardi NH7 Weekender will be hosted virtually this year between December 5 and 6. The event will be streamed on a platform created by online ticketing platform Paytm Insider. For the virtual edition, around 24 artistes will perform on three virtual stages: Bacardi Stage, The Dewar’s Stage and Breezer Vivid Stage.

Petronet LNG reported 33.39% fall in Sep-20 quarter top line sales revenues yoy at Rs6,235.78cr. Petronet LNG is into the business of transporting liquefied natural gas or LNG and the yields are linked to the market price of crude and gases. While volumes were not really impacted by the pandemic, the price realizations did suffer in the latest quarter.

Insurance-technology platform Turtlemint has raised $30 million (Rs 225 crore) in a funding round led by global venture capital firm GGV Capital. New investors American Family Ventures, MassMutual Ventures and SIG, along with existing investors Sequoia Capital India, Blume Ventures, Nexus Venture Partners, Dream Incubator and Trifecta Capital participated in the round.

Prestige Estates reported 23.07% fall in Sep-20 quarter top line sales revenues yoy at Rs1875cr. Prestige is a very reputed and one of the largest real estate developers in the Southern region with strong franchise across the states of Tamil Nadu, Karnataka and Kerala. The company did see a dip in revenues in the Jun-20 quarter due to the lockdown as it impacted real estate sector badly.

The Indian Railway Catering And Tourism Corporation Limited (IRCTC) will suspend its operations of Lucknow-Delhi and Mumbai-Ahmedabad Tejas Express trains. "The management has decided to cancel all departures of IRCTC Tejas trains due to low occupancy levels resulting from coronavirus(COVID-19) pandemic." IRCTC said in a statement.

Backed by recent investments and surge in traffic, first due to pandemic-led shift to online gaming and more recently due to the IPL season, Bengaluru-based Mobile Premier League (MPL) has earmarked a ₹37 crore fund for Indian game developers and studios to develop games for their Indian and global audience. MPL has over 3.5 million users in Indonesia & looking to expand in multiple geographies.

IIT-Hyderabad incubated startup PURE EV on Tuesday said its high-speed long-range electric scooter Etrance Neo will be launched next month at an ex-showroom price of Rs 75,999. The new model that offers a higher pickup and longer range combined with modern aerodynamics will be launched on December 1, 2020. It is being launched mainly targeting youngsters who will find this model very appealing.