A look at the headlines in this sector right now:

  1. It's business as usual, Ratan Tata tells his CEOs at first meet after Cyrus Mistry's ouster: The conglomerate's chairman told the executives to concern themselves with their own business and not focus on the past.
  2. India jumps one spot to rank 130 in the World Bank’s ease of doing business report: Officials said the international institution was not recognising the reforms made by the government.
  3. Flipkart CFO Sanjay Baweja resigns, reason unclear: The e-commerce major has started the process to fill the vacancy as a string of top-level executives continue to leave the organisation.
  4. Global gender gap report: India among bottom 3 in health, last 10 in economic participation: The country placed 87th on the World Economic Forum's overall list thanks to its large number of women in politics.
  5. Apple’s annual profits fell for first time in 15 years, but iPhone sales in India up by 50%: ‘We’re just beginning to scratch the surface of this large and growing market opportunity,’ CEO Tim Cook said of the company’s push into India.
  6. Sensex falls by 255 points, Nifty by 76 as banking, IT firms face selling pressure: However, real estate stocks saw strong buying by investors, with the BSE Realty Index rising 0.57%.
  7. Surge in bad loans causes Axis Bank net profit to fall by 83% in Q2: The company said Rs 8,193 crore in loans turned into non-performing assets during the period.