A look at the headlines in the sector right now:

  1. Reliance Industries fined $1.55-billion for selling ONGC natural gas: The oil ministry has given the company 30 days to respond to the notice.
  2. Non-bailable warrant issued against Vijay Mallya in FERA violation case: The court said the former liquor baron had no regard for Indian law and had no intention of returning to the country.
  3. State-owned electric companies to stop importing coal from next financial year, says Coal Secretary: Anil Swarup said the entry of the private sector into commercial mining was being delayed by low demand and capacity maximisation by public-run Coal India.
  4. New UK visa rules for non-EU citizens set to affect Indian professionals: The changes include raised salary thresholds for different categories, and modified English language requirements.
  5. Petroleum dealers threaten to go on nation-wide strike on November 15: The Consortium of Indian Petroleum Dealers have demanded higher commissions.
  6. Centre raises Rs 2,100 crore from Larson & Toubro stake sale: The transaction is part the government's attempt to raise around Rs 56,500 crore from asset sales before the end of this financial year. 
  7. Released 17,000 interconnection points to Reliance Jio in time, says Airtel: The development follows the Telecom Regulatory Authority of India recommending a Rs 1,050-crore penalty for reportedly denying network connectivity to the new entrant.