A look at the headlines in this sector right now:

  1. Congress hints at possible consensus on GST Bill after Arun Jaitley meets party leadership: However, other Opposition parties cried neglect and have accused the BJP and the Congress of striking their own deal.
  2. Bank strike across country today, more than 8 lakh public sector staff join protest: The agitation against the proposed merger of SBI and its associated banks will affect everyday services such as deposits, withdrawals and cheque clearance.
  3. Flipkart has decided to lay off employees who do not meet the performance bar: The e-commerce major confirmed the plan, but it refrained from revealing definite figures.
  4. Delhi High Court asks SpiceJet to deposit Rs 580 crore in share transfer dispute: Kalanithi Maran and his Kal Airways had moved the court against the budget airline for non-issuance of share warrants after transfer of ownership in 2015.
  5. Sensex drops 156.76 points to close at 28,051.86, Nifty falls 27.80 points to 8,638.50: The banking sector was hit amid a nationwide strike among public sector staff.
  6. FDI inflow rose 53% in the last two years, says Arun Jaitley: The finance minister said India attracted the highest-ever amount of foreign funds in 2015-16 owing to the Centre's efforts to improve ease of doing business.
  7. RBI unlikely to cut rates in August 9 monetary policy review, says rating agency ICRA: The rates will most probably remain unchanged because the Consumer Price Index inflation hit around 5.8% in June, close to the RBI's upper end target of 4% (plus/minus 2%).