DLF, the land and property development major, is due to release its second quarter (Q2) results this Thursday. It is likely to be a stormy occasion, with last month's action against the company by the Securities and Exchange Board of India (Sebi).

Since the order that banned DLF and its chairman, K P Singh, from accessing the capital markets for three years, the company has struggled. It traded at about Rs 150 a share a little before the Sebi order. This dropped to a low of Rs 100 a couple of sessions after and has since recovered to about Rs 135.

Attempted murder, waging war on the state, criminal intimidation and fraud are some of the charges on the rap sheets of ministers Indian Prime Minister Narendra Modi appointed to the cabinet on Sunday, jarring with his pledge to clean up politics.

Seven of 21 new ministers face prosecution, taking the total in the 66-member cabinet to almost one third, a higher roportion than before the weekend expansion.

The Securities Appellate Tribunal (SAT) on Tuesday admitted the plea of DLF promoters against the Securities and Exchange Board of India (Sebi) order that had barred the real estate major and six other entities from accessing capital markets.

DLF promoters including KP Singh, his children – Pia Singh and Rajiv Singh and two other key management personnel - DLF Managing Director T C Goyal and former MD Ramesh Sanka had approached SAT earlier this month for relief against the Sebi order.

Benchmark indices have come off day’s high and are trading in a narrow range amid positive bias with Sensex and Nifty hovering around 27,900 mark and 8,350 levels, respectively.

Index heavyweight shares like ITC and Infosys are trading lower on account of profit taking whereas rate sensitive shares are witnessing some buying demand.

NEW YORK: Microsoft has unveiled a cheaper smartphone, costing about 110 euros ($135), as it eyes emerging and other low-cost markets for growth.

The new model is the first Lumia smartphone under Microsoft's own brand name. The company has released a few Lumia models since it bought Nokia's phone business this year, but those models still carried the Nokia brand.

The government has decided to take back several of ONGC’s small and marginal hydrocarbon fields where it has made little headway and auction them afresh with attractive incentives, in keeping with its plan to pick low-hanging fruit for increasing the country’s oil and gas output.

While ONGC has 165 marginal fields (86 onshore and 79 offshore), only 74 are currently under production. As many as 26 are lying idle while another 65 are said to be at various stages of development. These marginal fields have estimated total reserves of 1,510 million tonnes of oil equivalent (mtoe). Of this, nearly 340 mtoe is recoverable hydrocarbon.

Eight women on Tuesday died in sterilisation camp organised by the state government in Bilaspur in Chhattisgarh.

According to reports, around 20 women are said to be in a critical condition. The sterilisation camp was held in the home district of Health Minister Amar Agarwal on Saturday.

India’s second largest fund house, ICICI Prudential AMC, has emerged as the front runner for managing the exchange-traded fund (ETF) the government plans to float for disinvesting part of its holdings under the Specified Undertaking of Unit Trust of India (Suuti).

It had bid to manage Suuti's corpus for 13 basis points (0.13 per cent of the total assets under management). The government had bids from seven asset management companies to act as manager to the ETF. These were Reliance Mutual Fund, Birla Sun Life MF, Kotak MF, SBI MF, ICICI Prudential AMC, UTI MF and Sundaram MF in a consortium with Edelweiss MF.

Bajaj Auto, the country’s third largest two-wheeler manufacturer, will launch a series of products over the next 12 months with the aim of not only regaining market share in the very competitive motorcycle segment but to push it higher.

In addition to launching new motorcycles under its premier Pulsar and Discover brands, the Pune-based company will revive its neglected entry-level brand, Platina.

In an apparent U-turn, the Central Bureau of Investigation (CBI), which had filed a closure report in a coal blocks case involving industrialist Kumar Mangalam Birla, former coal secretary P C Parakh and others, on Monday told a special court there was enough evidence against the accused to take cognisance of offences.

The Supreme Court appointed-special public prosecutor (SPP) R S Cheema submitted before Special CBI Judge Bharat Parashar that the court can take cognisance on the closure report filed by it on October 21 as there was prima facie “evidence against the accused to show their involvement”.

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