The Supreme Court on Tuesday allowed market regulator Securities and Exchange Board of India (Sebi) to go ahead with the sale of Sahara properties whose unencumbered title deeds are in its possession. The step is being taken to recover investors' money that Sahara groups' two companies had collected from public through Optionally Fully Convertible Debentures.

The apex court bench headed by Chief Justice T S Thakur said that the market regulator would appoint an agency to decide the mechanism for the sale of Sahara properties. The court said that the market regulator should evaluate 86 properties of Sahara.

Expanding its S-Class lineup in India, luxury car maker Mercedes-Benz on Tuesday launched nationally S400 at Rs 1.28 crore (ex-showroom, Delhi). S400, the ninth variant of its flaghship S-Class model, comes with a V6 petrol engine that produces 333 hp and 480 nm (newton metre) of torque.

"Mercedes-Benz believes in introducing the latest products and variants in the market at regular intervals, to keep customer interest and curiosity intact in the brand. This strategy, we firmly believe, has contributed to our unmatched success in India," said Roland Folger, managing director and chief executive of Mercedes-Benz India.

At least five more people freed from hijacked EgyptAir have been released by the hijacker of a domestic EgyptAir flight, travelling from Alexandria (Greece) to Cairo.

The hijacker, identified as 27-year-old Egyptian Ibrahim Samaha,is asking for a translator and political asylum and also demands to see estranged Cypriot wife, the Cypriot state television reported. The release of the passengers has been confirmed by a spokesperson from the airline on Twitter.

Markets watchdog Securities and Exchange Board of India (Sebi) on Monday slapped a total fine Rs 7 lakh on four firms for failing to register with the online complaint redressal system within the stipulated time, while it disposed proceeding against 21 other companies.

The firms against which fines were imposed are Anand Motor Agencies, Brownia Business, BDBS Associates and Apex Holdings.

All passengers except cabin crew and four foreigners have been released by the hijackers of a domestic EgyptAir flight, travelling from Alexandria, Greece to Cairo.

The hijackers made no immediate demands and a crisis team has been deployed to the airport. The release of the passengers has been confirmed by a spokesperson from the airline on Twitter.

Shares of Ashok Leyland were up over 2% at Rs 107 on the Bombay Stock Exchange after the commercial vehicle major sold shares of IndusInd Bank worth Rs 299 crore on Monday.

Ashok Leyland has sold 32,63,923 equity shares in IndusInd Bank for Rs 915.96 per share, for an aggregate value of Rs 298.96 crore, as per the bulk deal data on the National Stock Exchange.

Hyundai, the Korean automobile major, says it plans to launch two new products in the Indian market every year, with a minimum investment for each of around $100 million (Rs 650 crore).

It completes 20 years in the country this year and has a 17.1 per cent market share (second only to Maruti Suzuki in cars). Young Key Koo, managing director of Hyundai Motor India, says this is their third biggest market, after China and the US. To strengthen its position, the company is planning to launch two new products every year and the company is expecting to invest around $100 million at the minimum to develop each of these products. The firm also set a target to increase rural sales by five per cent from 15 per cent to 20 per cent.

It is not only Uber, the American taxi-hailing app, that is going all guns blazing in India with massive investment plans. Its biggest competitor, Bengaluru-based Ola, as well as e-commerce entities Flipkart and Amazon, are all planning to pump in big money to stay ahead, even in a scenario when investors are not as ready as earlier in opening their purse-strings.

Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months, reports suggest. The app service had only nine months earlier committed $1 billion (Rs 6,600 crore) in India. Uber could not be reached for a comment.

TVS Motor has hit a 52-week high of Rs 320 a share in the Bombay Stock Exchange on March 28. The stock prices saw an upward trend from March 18 and went through a significant hike from March 21.

On March 21, the stock prices went up from Rs 287.6 a share to Rs 305.35 per share, before closing the day. The prices went up during the next days and has hit a 52 week high today. The stock prices were a 52 week low at Rs 201 a share on August 24, 2015, according to BSE.

Kotak Mahindra Bank was trading higher by nearly 3% to Rs 678 on the BSE, on back of heavy volumes in otherwise weak market.

In early morning trade at 09:16 AM, around 3.5 million equity shares of Kotak Mahindra Bank changed hands through block deal, the BSE data shows.

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