Shares of small-sized companies continue to reel under pressure, with the Bombay Stock Exchange (BSE) S&P BSE Smallcap index hitting 52-week lows today.

S&P BSE Smallcap index was down 2.19% or 232 points at 10,355, also its 52-week lows, compared to a 0.64% decline in the S&P BSE Sensex at 25,577 points.

Shares of DLF were up over 3% at Rs 100, in an otherwise weak market, after the realty major said it has raised Rs 375 crore through issue of non-convertible debentures.

DLF has allotted 12.25% privately placed fully-paid non-convertible debentures of a principal amount of Rs 375 crore (comprising the second tranche out of an overall shelf limit of up to Rs 1,375 crore), redeemable for cash at par in separate series within a period of 4 years 11 months adn 18 days from the date of allotment, the company said in a release.

The Power Transmission & Distribution Business of L&T Construction has won orders worth Rs 1,563 crore in both the international and domestic markets in July and August.

As a strategic breakthrough in the ASEAN market, the company has received order from Tenaga Nasional Berhad (TNB) for the design, manufacture, supply, installation, testing and commissioning of a 500 kV double circuit transmission line in Malaysia. This is one of the three packages of the 500 kV overhead double circuit transmission line for TNB from Yong-Peng to Lenggeng in Peninsular Malaysia which will be critical for evacuating power from the power plants in the Johor state.

Domestic giant ITC Ltd today said it has not received any communication from the UP government regarding presence of excess lead in its instant noodle brand Sunfeast Yippee.

It said the company manufactures Yippee noodles to the highest standards of safety, hygiene and quality.

The Securities and Exchange Board of India (Sebi) on Monday paved the way for the merger of the markets regulator with the Forward Markets Commission (FMC). According to a press release issued by Sebi, its board has cleared the norms for commodity exchanges and brokers.

“Major compliances include norms related to net worth, shareholding, composition of the board, corporatisation and demutualisation and setting up various committees, turnover and infrastructure,” Sebi said.

State Bank of India (SBI), the country's largest lender, is expecting competition in the banking space to hot up with the introduction of new entities.

The banking landscape is changing with a host of new players looking to start operations. Apart from two new universal banks, 11 payments banks will start operating in India over the next 18 months. In addition, the Reserve Bank of India (RBI) will announce licences to start small finance banks. Around 70 entities had applied for small finance bank licence.

Eyeing a higher share of the domestic passenger vehicle market, India’s largest car maker, Maruti Suzuki, is further expanding its sales network. The Delhi-headquartered company, which already has the widest sales network in the country, added 50 outlets in the quarter ended June 30, 2015.

With the expansion, the number of Maruti sales outlets has increased to 1,670, covering 1,336 cities and towns. Notably, 90 per cent of the expansion has been done in areas where Maruti did not have presence earlier.

Mumbai: The Indian rupee on Monday weakened 1.3% against the US dollar—the steepest fall since 3 September, 2013, following a global sell-off across risk assets, including the domestic equity markets.

At 2.22pm, the home currency was trading at 66.62, down 1.24% from its previous close of 65.83. The local unit opened at 66.39 per dollar and touched a low of 66.68—a level last seen on 4 September, 2013.

Mumbai, Aug. 23 (PTI): Market regulator Sebi will discuss tomorrow the suggestions of the Supreme Court-appointed special investigation team (SIT) on the misuse of participatory notes to launder black money.

The market cop has barred over 1,000 local entities for suspected tax evasion through stock markets.

India's premier defence research organisation DRDO has now roped in yoga guru Ramdev's Patanjali Ayurveda Limited to manufacture and market in the country and abroad some herbal supplements and food products developed by it.

DRDO on Sunday entered into licensing agreements with Ramdev's company for transfer of Seabuckthorn technology based products developed by Defence Institute of High Altitude Research (DIHAR).

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