Reliance has announced a partnership with Uber Technologies, where Uber users in India will be able to pay for their fares through Reliance Jio's Jio Money, in addition to the PayTM wallet. The company hopes to challenge PayTM's dominance in digital payments, which till date was the only wallet option available to Uber riders to book a ride.

Glenmark Pharma has received four observeations from the US FDA after an inspection of its Ankleshwar plant in Gujarat. The company said that it has responded to the observations, and expects the identified issues to be resolved quickly. 

Stock in spotlight: Voltas, which has zoomed up in profits, on top of improvement in its EBIT margins. The company's operating margin has seen improvement year on year, at 6.25% this December quarter compared to 3.97% in the same quarter the previous year. 

Photo of the day: A Lion King sculpture made of lemons and oranges goes on display at the 84th Lemon Festival. Valery Hache/AFP/Getty Images