Market benchmark Sensex rebounded over 166 points in early trade on Tuesday on value-buying by investors in select bluechips amid a recovery in Asian markets.

The 30-share index was trading higher by 166.41 points or 0.65% to 25,603.38 with all the sectoral indices led by auto and capital goods leading the recovery.

Capital markets watchdog Sebi on Monday cancelled the registration of Deutsche Mutual Fund following the transfer of its schemes to DHFL Pramerica Mutual Fund.

The Indian asset management business of Deutsche Mutual Fund has been acquired by Pramerica MF.

Shares of Tata Motors gained over 3% after the company reported a 9.9% growth in sales at 39,763 units in April against 36,190 units during the same month last year.

After a positive opening, the shares of the company climbed 3.57% to Rs 421.85 on the BSE. At the National Stock Exchange (NSE), it rose by 3.5% to Rs 422.

Independent MP and liquor baron Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, resigned from Rajya Sabha on Monday, a day before Ethics Committee of the Upper House was set to recommend his expulsion.

In his resignation letter to Rajya Sabha Chairman Hamid Ansari, he said he does not want his "name and reputation to be further dragged in the mud".

Pune-based two and three-wheeler maker Bajaj Auto has regained the number 3 spot, displacing Chennai-based TVS Motors after a gap of nearly 24 months.

Powered by new model launches in recent months — such as Avenger and V15 (promoted by INS Vikrant) — Bajaj's all-motorcycle line-up beat TVS Motors in April sales, which has motorcycles, scooters and mopeds in its line-up.

State Bank of India (SBI), the country’s largest lender, has reduced by five basis points its marginal cost of funds-based lending rate (MCLR), the new benchmark to which the pricing of loans are linked.

The reduction has been done across all maturities and now the overnight MCLR stands at 8.90 per cent. With this revision, home loans have also become cheaper. Now, the rate of interest for women borrowers stands at 9.35 per cent whereas other borrowers will be charged 9.40 per cent. The new rates came into effect from May 1.

To finance its various projects, National Highways Authority of India (NHAI) plans to raise Rs 55,000 crore through bonds this fiscal.

"NHAI plans to raise Rs 5,000 crore through capital gains bonds and Rs 50,000 crore through taxable bonds or other similar instruments," Minister of State for Road Transport and Highways Pon Radhakrishnan told Rajya Sabha in a written reply on Monday.

State-run NTPC Ltd's bond issue was oversubscribed 2.8 times in just 10 minutes today after hitting the market, raising a total of Rs 1,000 crore, which would be used for capital expenditure.

"NTPC's bond issue oversubscribed by 2.8 times in 10 minutes today," the company said in a statement.

Apollo Hospitals has signed a memorandum of understanding (MoU) with William Osler Health System (Osler) to collaborate on research and treatement services related to a range of diseases including Diabetes, Cardiovascular Diseases and Cancer.

The organizations will initiate a pilot project to enhance the continuity of care for patients with complex needs traveling between India and the Greater Toronto Area (GTA) in Canada for extended periods of time.

Mumbai: State-owned energy explorers that surrendered 69 inoperative oilfields to the government in 2014 want to be paid for the initial exploratory work they did before these fields are put up for auction, four persons familiar with the development said.

The 69 so-called marginal fields were discovered and granted to Oil and Natural Gas Corp. (ONGC) and Oil India Ltd but were not developed due to factors such as small reserve size, economic unviability and lack of infrastructure.

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