A look at the headlines in the sector right now:

  1. RBI allows eligible firms to apply for on-tap universal bank licences: The central bank has excluded large industrial houses and NBFCs that have more than 40% of their total assets coming from non-financial businesses.
  2. GST Bill listed for hearing in Rajya Sabha on Wednesday, BJP says 'mood in favour of passage': The ruling party met key members of the Congress on Monday, giving out clear indications that some sort of consensus was in the offing.
  3. Sensex falls 59.21 points, drops below 28,000: Nifty declined 25.15 points or 0.29% at the day's low of 8,611.40 in mid-afternoon trade.
  4. Apple introduces new ‘gender diverse’ emojis for iOS 10, replaces gun with water pistol: The tech company added dozens of characters that will be available on iPhones and iPads, including a rainbow flag and women in competitive sports.
  5. India will have surplus power this financial year, says Piyush Goyal: The Union power minister said surplus power generation has been possible despite a 7.03% increase in demand in the last two years, as compared to 5.65% in the earlier decade.
  6. Top Indian companies less affected by infrastructure drawbacks than Chinese counterparts, finds S&P: In two reports, the financial services company said Chinese firms have more government influence than Indian ones.
  7. Petrol and diesel cess drew in Rs 69,809 crore in 2015-16: The Centre said that Rs 17,217 crore was collected through levies on motor spirit and Rs 52,592 crore from high speed diesel oil.