Five companies - ITC, Housing Development Finance Corporation (HDFC), Cipla, ICICI Bank and Bharat Heavy Electricals Limited (BHEL) - from the 30 share Sensex hit their respective 52-week lows on the BSE in intra-day trade today.

At 01:55 PM, the S&P BSE Sensex was down nearly 1% or 207 points at 23,203, fallen nearly 600 points in past two trading sessions on continues selling of equities by foreign investors.

Tata Motors, which lost its pole position in the light commercial vehicle segment to Mahindra & Mahindra (M&M) in the first eight months of the fiscal year, has reclaimed its place over the past two months. The company sold more LCVs than its nearest competitor in December 2015 and January 2016.

On a cumulative basis, however, M&M remains the segment leader for the April-January period of the ongoing financial year, data from the Society of Indian Automobile Manufacturers (Siam) shows.

German luxury car maker Mercedes-Benz today launched limited edition of Edition E in the E-Class series.

The series will be priced at Rs 48.60 lakh. The announcement is part of Mercedes' celebration of 20 years in India.

MUMBAI: GMR Infrastructure got a big relief in its ongoing arbitration in Maldives after the tribunal there ruled that the damages to be paid by the government of the country and Maldives Airport Company for dismissing the company from running the Male airport will also include sums owed to Axis Bank Singapore for the project.

In 2012, by the government of Maldives and Maldives Airport Company terminated the concession agreement with GMR Infrastructure's arm GMR Male International Airport (GMIAL) alleging that it was void ab initio and initiated an international arbitration.

NEW DELHI: Loans worth Rs 11,700 crore given by State Bank of India have been locked up as non-performing assets as nearly 1,160 defaulters have willfully decided not to repay.

The bank had identified 1,164 cases of wilful default with outstanding loan amount of Rs 11,705 crore, as on September 2015, as per data collated by the Finance Ministry.

MUMBAI: Ending a four-day rising streak, market benchmark Sensex on Tuesday tanked 379 points amid foreign institutions selling heavily and domestic investors staying on the sidelines on concerns about rising bad debt and lack of clarity on fiscal consolidation road map ahead of the Budget.

Traders said that shifting of capital towards state-run NTPC's Rs 5,030-crore share sale added to the selling pressure in the broader markets while global cues were also negative on renewed weakness in crude oil.

Mumbai, Feb. 23: State-owned IDBI Bank has received a green signal from market regulator Sebi to raise up to Rs 3,771 crore through a qualified institutional placement issue.

The Centre has given its approval to the issue, which will dilute its holding in the lender. At present, the government's stake in the bank is 80.16 per cent.

Mumbai, Feb. 23: Kotak Mahindra Bank is picking up a 19.90 per cent stake in Airtel M Commerce Services Ltd (AMSL) for Rs 98.38 crore.

AMSL has got in-principle approval from the Reserve Bank to convert into a payments bank.

Infosys Ltd’s chief executive officer Vishal Sikka has told employees he wants to grow revenue by 16% in 2016-17. That’s materially higher than lobby group Nasscom’s estimate that the industry will grow 10-12% in FY17. But investors shrugged off Sikka’s statement; Infosys shares have been flat in the past two trading sessions.

Internal targets are materially different from a guidance given to investors. An analyst at a multinational brokerage says that Sikka’s statement to employees sounds like good intentions more than anything else.

Oil prices fell further in Asia today after OPEC kingpin Saudi Arabia shut the door on an output cut to ease the global crude supply glut, touting only a freeze in production.

Traders were cautious ahead of the release later today of data on US commercial crude stockpiles which have been rising for weeks, indicating softer demand in the world’s top energy consumer.

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