Although the benchmark indices representing the bluechip and mid-cap space have sustained strong year to date gains this year, nearly half of the index members have underperformed these barometers.

In case of largecap indices — the fifty share Nifty and BSE 100 — that gained more than 26% in 2014, 45% of constituents have trailed the year to date gains reported by these respective indices.

NEW DELHI: Carmakers such as Tata Motors, M&M, and Maruti Suzuki-0.62 % plunged up to 2 per cent in trade on Tuesday, after the Competition Commission of India imposed a combined penalty of over Rs 2,500 crore on 14 carmakers for indulging in unfair practices in the spare parts market.

Tata Motors-0.73 % faces the maximum fine of Rs 1,346 crore, followed by Maruti Suzuki Rs 471 crore, Mahindra & Mahindra Rs 292 crore, General Motors Rs 85 crore, Honda Car India Rs 78 crore.

Reliance Industries Limited (RIL), the country's biggest private oil company and ITC, the largest cigarette maker, have lost over five per cent each in an over 2,500-point Sensex rally after election results in May.

Powered by funds flowing in from foreign institutional investors (FIIs) and domestic mutual funds, the markets have been trending up, with the S&P BSE Sensex and the CNX Nifty marking fresh highs.

Market regulator Securities and Exchange Board of India (Sebi) has sought fresh clarifications on the proposed Rs 750-crore initial public offer (IPO) of Lavasa Corporation, the realty arm of construction major Hindustan Construction Company (HCC).

Without disclosing details of clarifications sought, Sebi has said "clarifications (are) awaited from lead manager" for the proposed public issue.

Ashok Leyland has been adopting various strategies to cut the debt in its books, from reducing working capital to reducing manpower, selling off non-core assets, however, the best way to do is perhaps by increasing profits.

Vinod Dasari, managing director of the Hinduja Group company hopes that as the market turns around, the company would make some profits.

The prolonged inactivity in the debt-laden, fuel-starved and bankrupt power sector finally seems to be ending with two large acquisitions announced in the last few weeks. First, Reliance Power, promoted by the Anil Dhirubhai Ambani Group, acquired three operational hydropower assets from the Jaiprakash group for upwards of Rs 10,000 crore. Then Adani Power of Gautam Adani bought Lanco's 1,200 Mw power plant at Udupi in Karnataka for an enterprise value of nearly Rs 6,000 crore.

L&T Infra Finance has signed an agreement with Lavasa Corporation, a subsidiary of HCC group, for purchase of 20.23 hectares of land, with a development potential of 500,000 sq ft at Mugaon town in Pune's Lavasa City.

London: Britain’s deputy prime minister Nick Clegg begins a trade mission to India on Monday, where he will meet the country’s Prime Minister Narendra Modi in a bid to strengthen economic ties.

The three-day visit by a 40-strong delegation is the latest in a series of similar trips by David Cameron’s government, which is keen to foster closer links with the world’s largest democracy.

Mumbai: Bajaj Auto Ltd, India’s largest exporter of motorcycles and three-wheelers, will remain focused in the motorcycle segment and will remain steadfast to the twin-brand strategy of Discover and Pulsar it adopted a few years ago, the company’s managing director Rajiv Bajaj said.

Bajaj defended the strategy even as the company’s motorcycle sales have underperformed in the local market compared to rivals’.

New Delhi: The Narendra Modi-led National Democratic Alliance (NDA) government has expressed concern about the way in which loans were given to power projects totalling around 28,000 megawatts (MW) during the tenure of the previous government without fuel supply tie-ups and power purchase agreements, rendering them unviable and adding to the pile-up of bad loans with lenders.

Power projects were loaned money by the banks without either a fuel supply agreement (FSA) from state-owned Coal India Ltd (CIL) or long-term power purchase agreement (PPA) with a distribution utility. To be sure, the loans were given as per the earlier policy on the basis of letters of assurance (LoAs), which required approval by a panel headed by the coal ministry.

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