Mumbai: Yes Bank shares advanced over 12% in the last two consecutive sessions, hitting a two-week high ahead of its board meeting on Thursday. Today, the Yes Bank stock closed at Rs 186.80 on BSE, up 5.3% from its previous close while India’s benchmark Sensex Index rose 1.8% to 35,779.07 points.

Larsen & Toubro Infotech (LTI), IT services arm of engineering and construction conglomerate Larsen & Toubro (L&T) Ltd., on Wednesday said it has appointed Nachiket Deshpande as its Chief Operating Officer.

Deshpande was with Cognizant Technology Solutions before joining LTI.

Reliance Communications on Wednesday moved a contempt petition in the Supreme court against Department of Telecommunications (DoT) for failing to provide the company with the No Objection Certificate (NOC) for sale of its spectrum to Reliance Jio Infocom, within the court-directed 7-day time period.

Ashok Leyland, flagship of the Hinduja Group, has signed a MoU with Israel-based Elbit Systems to provide High Mobility vehicles (HMV) for the latter's artillery guns and systems.

Elbit Systems is a high technology company globally engaged in a range of defence areas, including Land Systems, Artillery Systems and Platforms, Howitzers, Mortars and Ammunition.

Mumbai: Indian markets today opened stronger after investors welcomed the quick appointment of new RBI governor, Shaktikanta Das, who is expected to have a more dovish view. Gains in Asian markets on signs of cooperation between the US and China on trade also encouraged risk-taking. At 10.34 am, the Sensex was trading at 35542.98, up 392.97 points, or 1.12%, while the Nifty stood at 10,666.80, gained 117.65 points, or 1.12%.

The government’s effort to increase domestic coal production and power demand falling with the onset of the winters will check coal imports, a senior coal ministry official has said. Power plants across the country had imported 6.6 MT coal in October, 43.5% higher than the monthly average import quantity recorded this year. In the same month, electricity demand had surged 14% year-on-year.

The Indian rupee Wednesday plunged 32 paise to 72.17 per US dollar in early trade on the forex market after the appointment of former bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India.

Das Tuesday was named the new governor of the Reserve Bank of India after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank.

For a career bureaucrat who was equally at ease with three different finance ministers, the journey from North Block to Mint Street has often seen him adopting a non-confrontational approach and building consensus on tackling tricky issues.

Flipkart has bagged a fund infusion of Rs 21.9 billion (approximately $300 million) for its wholesale arm in India, the second large cash infusion made by the Singapore-based firm since investments from the US retail giant.

According to documents filed with the Registrar of Companies, which were sourced from business intelligence platform Paper.

The board of Reliance Jio, a subsidiary of Reliance Industries Limited (RIL), on Tuesday approved a scheme to hive off the fibre and tower businesses into separate companies. Analysts feel this would provide a better leverage to raise funds with support from parent RIL, especially as the fibre business capex would be top loaded.

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