The Bombay Stock Exchange has said that the real estate giant DLF will remain in Group A category, comprising top 300 companies.

The exchange, earlier this week, said that DLF would move out from Group A to Group B category from next month.

State Bank of India's plan to raise up to Rs 15,000 crore ($2.4 billion) via a share sale will now likely take place in June instead of April due to a fall in the lender's stock price, three sources directly involved in the process told Reuters.

Shares of the country's biggest lender by assets have fallen 8.5% since February-end.

Vishal Sikka-led Infosys is expected to see a 60-70-basis-point (bps) decline in its operating profit margin as it closes the fourth quarter of FY15 hit by cross-currency movements. At the same time, speculation is mounting that the IT major is close to announcing another acquisition in the digital domain.

Infosys, which will announce its results on Friday in Chennai, is not expected to buck the trend, as witnessed in the quarterly performances of TCS and Wipro, which recorded flattish revenue growth and tepid profits.

Concerned over a large number of unlisted firms fraudulently raising money from public, market regulator Securities and Exchange Board of India (SEBI), on Thursday, warned such companies and their directors of “stringent action” and asked investors not to be lured by their schemes.

The warning comes amid a continuing crackdown by SEBI against various unlisted companies that have lured retail investors by issuing securities such as non-convertible debentures/non-convertible preference shares in the garb of private placement.

At an event in Delhi, Chinese smartphone maker Xiaomi has launched its latest flagship smartphone Mi4i in India for Rs 12,999. The smartphone will be available from April 30 on its own website as well as eCommerce portals Flipkart, Amazon and Snapdeal, and brick-and-mortar stores of The Mobile Store and Bharti Airtel, in India. Registration for the device is open from April 23rd 8PM to April 29th midnight.

The company has also introduced Mi smartband at a priced of Rs 999 in India. The fitness tracker, announced in China in 2014, connects to iPhone and Android smartphones. It will be available at company’s site and has a 30-day battery life and IP 67 certification, making it water and dust resistant.

Oil and Natural Gas Corp. Ltd (ONGC) has quietly junked an agreement to use the existing infrastructure of Reliance Industries Ltd (RIL) in the Krishna-Godavari basin in its own neighbouring field after ties between the two companies turned sour.

The move will lead to higher capital expenditure for ONGC, which will have to set up its own infrastructure from scratch, and potential loss of revenue for RIL, which could have let out its idle equipment to ONGC for a fee.

MUMBAI: Yes Bank is gearing up to become the third Indian bank to have its shares listed on American stock exchanges. The youngest private bank has received a go-ahead from its board to raise up to $1 billion by way of American Depository Receipts or through a Qualified Institutional Placement. The permission follows a proposal to hike investment by foreign investors to 74% of the bank's paid-up share capital from the existing limit of 49%.

The country's largest housing finance company has cut lending rates for women borrowers by five basis points to 8.85% from 8.9% earlier. Following the current rate cut the top three home finance providers in the country - State Bank of India and ICICI Bank are providing identical rates.

In a statement issued here on Thursday, HDFC said that it has launched a new home loan product 'Women Power' with a differential rate of interest exclusively for women customers. The reduced rate will apply to home loans, home improvement loans, home extension loans and refinance loans. Besides loans for financing housing plots for home construction at 9.9%.

With growing new technologies creating huge mountain of data, it is critical to build its leadership and capabilities in big data laboratories for analytics, said R Chandrashekhar, president, National Association of Software and Services Companies (Nasscom).

He was speaking about the growth and prospects of Global In-house Centres (GIC), which are captive IT centres of global companies in India.

Shares of L&T Finance Holdings has moved higher by 4% to Rs 66.45 on the NSE in an otherwise weak market after reporting a 10% year on year (yoy) jump in its consolidated net profit before exceptional items at Rs 206 crore for the quarter ended March 2015 (Q4). Net interest income grew 21% at Rs 706 crore on yoy basis.

Gross non-performing assets (NPA) during the quarter under review declined to 3.01% against 3.18% and net NPA to 1.98% from 2.29% over the previous year quarter, L&T Finance Holdings, the non-banking financial arm of Larsen & Toubro said in a filing.

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