A look at the headlines in the sector right now:

  1. Bad loans in India’s banking sector grew 15% in six months to $138.5 billion in June, says Reuters: Analysts say the country’s state-run banks will need a much higher capital infusion than the $10 billion pledged by the Centre.
  2. Industrial output falls for second consecutive month in August: Output in capital goods fell a massive 22.2%, while the mining and manufacturing sectors also recorded losses.
  3. Apple stocks gain after Samsung informs South Korea of 'Galaxy Note7 production halt': The South Korean electronics giant said it will now recall the devices from China as well.
  4. Centre can now fix retail prices of essential commodities in ‘extraordinary situations’: A Consumer Affairs Ministry official said prices, which are now market-controlled, would not be fixed by the central government on an everyday basis.
  5. Government looking to present Union Budget before state elections, says Arun Jaitley: In September, the Cabinet decided to scrap the practice of introducing a separate Railway Budget.
  6. Chinese mobile phone makers to hold summit with Indian companies for local manufacturing: Around 20 firms had expressed their interest in producing their stock in the country, Indian Cellular Association president Pankaj Mohindroo said.
  7. Railways will introduce its first coach with a glass ceiling this month: It costs Rs 4 crore and will be part of a regular train running through the Kashmir Valley.