Former SBI chairman Arundhati Bhattacharya has joined the Reliance Industries board as an independent additional director, the Mukesh Ambani-led conglomerate said in a regulatory filing. She has been appointed for five years starting October 17, 2018, subject to shareholder approval, the statement further said.

Low CPI inflation at 3.8% in September may be welcome but this does not mean all is well on the price front as wholesale inflation increased to 5.13% in the same month, indicating the Reserve Bank of India might have to resort to a rate hike ahead of its December monetary policy.

Two women, including a reporter from Hyderabad, began trekking to Sabarimala hill on Friday amid strong protests by devotees opposing the entry of girls and women of menstrual age into the Lord Ayyappa temple.

Their attempt to reach the shrine came a day after a New Delhi-based woman reporter of a foreign media outlet made a failed bid to visit the temple.

Shares of YES Bank dropped as much as 4.9 per cent in the opening deals on Friday after the Reserve Bank of India (RBI) on Wednesday once again rejected the lender’s request for extending the term of MD & CEO Rana Kapoor, and reaffirmed the February deadline for finding his successor.

Shares of Reliance Industries (RIL) has dipped 7% to Rs 1,073 on the BSE in early morning trade after a mixed bag results for the quarter ended September 2018 (Q2FY19) with its retail and digital services (telecom; Jio) businesses continuing to post strong growth, while its core refining business performance was a bit disappointing amid high expectations.

Universal Sportsbiz (USPL), the owner of fashion brands Wrogn, Imara, and Ms. Taken, has raised fresh investment of Rs 1 billion ($13.5 million) from venture capital firm Accel Partners India, valuing the fast-fashion retailer at Rs 12 billion ($160 billion).

Alteria Capital Advisors, a Mumbai-headquartered investment firm, also invested Rs 65 million ($1 million) in this round.

Amazon won’t say a word about where it plans to put its much-hyped second headquarters. Officials in the 20 cities and regions named as finalists say that they don’t know anything — and that even if they did, they wouldn’t share it publicly.

But that hasn’t stopped investors, economic officials and developers from trying to reverse engineer the HQ2 search, to understand what a company seen as embodying the future wants and needs, and what local governments should do to be part of that future.

New Delhi: As their real estate empire crumbles, Chandras of Unitech may even lose their family home to lenders. Mortgage lender HDFC has put out notices to auction Sanjay Chandra’s house in the upmarket Hauz Khas area in South Delhi.

Unitech managing director Sanjay Chandra grew up in the Mayfair Garden house in Hauz Khas where his mother ran a clinic.

New Delhi: Paytm Money, the wealth management unit of One97 Communications Ltd., on Wednesday said it had appointed former executive director of Central Depository Services Ltd. (CSDL India) Cyrus Khambata to its board of directors.

Khambata, considered an industry veteran in capital markets, has previously served as the managing director of CDSL Ventures and CDSL Insurance Depository.

New Delhi: Tata Motors Ltd has created a separate division to explore ways to tap its entire range of passenger and commercial vehicles for offering shared mobility solutions, said two people aware of the development. Named Mobility Innovations Hub, the new department is headed by Pankaj Jhunja, formerly with Tata Technologies, said the people cited above, who did not want to be named.

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