Mahindra & Mahindra (M&M) Financial Services hit a 52-week high of Rs 461, up 5% on the BSE in early morning trade, after the company launched its qualified institutional placement (QIP) issue on Thursday.

M&M Financial Services has fixed floor price of Rs 439.63 per share, almost same against Thursday’s closing price of Rs 439.65. The company said it may offer a discount of not more than 5% on the floor price.

Mumbai: Larsen and Toubro Ltd (L&T), India’s largest engineering and construction group, said it expects to sell its electrical unit and spin out its road assets trust by March 2018, a sign that funding for plans to acquire more companies in information technology (IT) will soon be in place.

Schneider Electric SE is in exclusive talks to buy the electrical unit, valuing it at around $2 billion, people familiar with the matter said last week.

Mumbai: Capital market regulator Securities And Exchange Board of India or Sebi, in a late night circular on Thursday, prescribed norms for enhancing governance at mutual funds.

In the circular, the market regulator prescribed norms on director and auditor rotation.

New Delhi: The Bharatiya Janata Party (BJP) government in Uttar Pradesh is facing its first electoral test in the state as counting of votes for 652 urban local bodies began on Friday, bringing some good news for it in early trends.

The ruling government came to power in March this year after National Democratic Alliance (NDA) won 325 of the 403 assembly constituencies in the state.

Five-time world champion M.C Mary Kom has resigned as the National Observer for Indian boxing after Sports Minister Rajyavardhan Singh Rathore made it clear that active sportspersons will not be considered for the position.

“I resigned as National Observer 10 days ago after having a word with Mr. Rathore. I had been requested to take up the position, it was not something I had asked for,” Mary Kom, who claimed her fifth Asian Championships gold medal last month, told PTI on Friday.

Maruti Suzuki have launched the CelerioX at a starting price of Rs. 4.57 lakh (ex-showroom Delhi). The Maruti Suzuki Celerio has been a decent success for Maruti Suzuki since its launch in 2014, it was the first hatch in the maruti stable to get the AMT gearbox, making it more convenient for city users courtesy Maruti’s more than amiable asking price. Maruti then tried to give the Celerio a 800cc diesel engine, which was infact Maruti’s first in-house diesel engine, and while it was the most frugal engine in its time. It didn't catch the public eye and the Celerio diesel faded away. The Celerio is back this time as Maruti’s first attempt at the growing hatchback crossover market.

It's placement season at the country's top technology and management institutes and many aspirants are all set to bag fat paychecks.

As reported earlier, most of the IITs are set to commence their final placement process on Friday, December 1, with several major recruiters making almost crore-plus annual salaries and international offers.

The Tatas had formally shown an interest in Air India's stake sale, Union Minister of State for Civil Aviation Jayant Sinha said today.

The government has given its nod for the disinvestment of Air India, which has a debt of over Rs 50,000 crore and is staying afloat on taxpayers' money.

Bajaj Auto on Friday reported a 21 per cent increase in total sales in November at 3,26,458 units as against 2,69,948 units in the same month last year.

Motorcycle sales grew by 11 per cent to 2,63,970 units in November 2017 against 2,37,757 units in November 2016, the company said in a BSE filing.

One of the most important stock market participants is making a case for reinstating of long-term capital gains (LTCG) tax on equity investments.

According to sources, the BSE has made a presentation to the Union finance ministry that LTCG exemptions cause huge revenue loss to the government and also lead to market manipulation. LTCG is tax-exempt on the sale of listed securities, since 2005. This had made India one of the most liberal markets in this regard, the BSE said in a presentation last Friday.

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