Hit hard by a Sebi order barring it from capital markets, realty giant DLF today appealed for an interim relief from the Securities Appellate Tribunal (SAT) to allow it to redeem thousands of crores worth funds locked in mutual funds and other securities.

After hearing the petition, filed by the country's largest real estate developer last week, the Tribunal adjourned the matter till October 30 next week, as it sought a response from capital markets regulator Sebi on DLF's plea.

Shares of Oil and Natural Gas Corporation (ONGC) has dipped 3.4% to Rs 397 on National Stock Exchange (NSE) in otherwise firm market, on reports that the government is expected to sell 5% stake in state-owned oil exploration and production company by early next month.

In the past two days, the stock declined 5.25% from Rs 419 on October 20, as compared to 1.2% rise in the benchmark index CNX Nifty.

Taking a strict action, AIBA has provisionally suspended India's woman boxer Laishram Sarita Devi for refusing to accept the bronze medal at the Asian Games podium ceremony.

Protesting against a controversial verdict, Sarita in an unprecedented move, had refused to wear the medal around her neck as she broke down on the podium during the ceremony for the 57-60 kg category.

Benchmark indices continued to trade firm after a gap up opening led by L&T and Tata Motors while index heavyweight Reliance industries rebounded after the recent correction post the gas price hike.

At 10.40AM, the 30-share Sensex is up 179 points at 26,754 and the 50-share Nifty is up 54 points at 7,982.

Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.

Though Maruti later tweaked the proposal to appease shareholders, domestic mutual funds (MFs) weren't convinced. They say they will oppose a special resolution in this regard, which the company is expected to bring to vote in early November.

HDFC Bank Ltd seems to have squeezed the towel dry, at least for now. Net interest margin for the September quarter was 4.5%, close to a historic high. The bank’s return on asset of 2.01% (annualized) is again at a 14-year high. The lender has been tight with its operating expenses, but that can only take you so far.

With new branches necessary for growth, cost-to-income ratios will inch up. Operating expenses rose close to one-fifth in the September quarter after four quarters of single-digit growth rates. Thus, it follows that profit growth would tend to closely follow loan growth.

Manohar Lal Khattar, a low-profile organisation man with active RSS background and a non-Jat, was today chosen by the BJP to be its first Chief Minister of Haryana, a state dominated by Jat politics for long.

60-year-old Khattar, the first Punjabi and a first- time MLA, was elected leader of the BJP Legislature Party, two days after the party created history in Haryana storming to power for the first time on its own in the state.

More than two days after Nationalist Congress Party (NCP) president Sharad Pawar unleashed a political storm by announcing his party's outside support to the BJP, the fall-out of his calculated move is beginning to unravel.

The main aspect of the plot, planned in association with the BJP, is to diminish the clout and future of the Shiv Sena.

Government-owned Punjab National Bank's net profit in the quarter ended September 30 grew 13.8 per cent to Rs 575 crore on robust growth in other income.

It had reported net profit of Rs 505 crore in the corresponding (July-September) quarter of 2013-14.

Bangalore-based GMR Infrastructure plans to raise up to Rs 5,400 crore through sale of assets and issue of fresh equity in the next three months to a year, in a bid to bring down its debt burden and to finance projects.

At the end of the last financial year, the company's debt stood at Rs 45,000 crore - six times its equity. The funds raised will be utilised to check this debt, and also to infuse Rs 900 crore equity in the upcoming 1,370 Mw thermal power plant in Chhattisgarh.

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