Top 3 business stories on Sept 27: Anil Ambani appoints son Anmol as Reliance Capital's director and more

1. Anil Ambani appoints son Anmol as Reliance Capital's director

Introducing son Anmol as a new director on Reliance Capital’s board, Chairman Anil Ambani on Tuesday said he has brought “tremendous luck” with a 40 per cent surge in share price since his induction and hoped that the ‘Anmol Effect’ will continue further.

Thanking the shareholders at the company’s Annual General Meeting for their “vote of confidence” in 24-year-old Anmol’s appointment as an Executive Director, Ambani said his son is “part of this younger demography and will relate to the future customers, shareholders, employees as well as the other stakeholders of Reliance Capital”.

Also Read: Anil Ambani appoints son Anmol as Reliance Capital's director

2. Indian auto giant Tata Motors forays into Latin American markets, launches three commerical vehicles in Bolivia

Indian auto giant Tata Motors has made an entry into the Latin American market by launching three products in the Bolivian commercial vehicle (CV) market. 

The Mumbai-based auto major has entered Bolivia through a distribution agreement with local partner Bolivian Auto Motors, which is part of Salvatierra, a business conglomerate engaged in distribution of motor vehicles and motor cycles in the Latin American country.

Also Read: Indian auto giant Tata Motors forays into Latin American markets, launches three commerical vehicles in Bolivia

The Sensex and Nifty marginally ended lower due to selling pressure in capital goods, infrastructure, oil & gas and metal stocks amid firm global cues.The 30-share BSE index Sensex ended lower 70.58 points or 0.25 per cent at 28,223.70 and the 50-share NSE index Nifty closed down 16.65 points or 0.19 per cent at 8,706.40.The market sentiments in the recent trading sessions have been largely drawn by the potential outcome of the upcoming US election battle.
 

Also Read: Indian stock markets record losses owing to heavy selling pressure