Newsmakers: Honda to recall 90,210 units of City, Mobilio and more

Honda will recall 90,210 units of its sedan City and multi-purpose vehicle Mobilio in India manufactured between December 2013 to July 2015 to replace fuel return pipe.

The recall will affect only the diesel variants of the two models.

Till now, over 17.39 lakh vehicles have been recalled by various manufacturers in India so far.

Asian Development Bank will provide $1 billion loan to central transmission utility Power Grid Corp for renewable energy transmission and grid expansion in India.

The funds will be used to build and upgrade high voltage transmission lines and substations in Rajasthan and Punjab, as part of government's Green Energy Corridor initiative.

The retail inflation rate is likely to rise above RBI's medium-term 5 per cent target in November as food prices climbed.

Consumer prices rose 5.4 per cent last month, according to the survey of 21 economists, which would mark an acceleration from 5.0 per cent in October.

The data will be released on December 14.

Reliance Industries and Hindustan Petroleum CEO Nishi Vasudeva were awarded for their leadership, innovation and performance at the 17th annual Platts Global Energy Awards, often called the Oscars of energy.

Reliance Industries has been awarded under the category of corporate social responsibility, while Vasudeva has bagged the top honours for chief executive of the year.

Overseas firms including APG and Warburg Pincus are looking to invest in India's warehouses, hoping to cash in on demand for modern and efficient storage space from booming online retailers.

With more Indian consumers shopping online, the country's $110 billion logistics and warehousing sector is stretched.