A look at the headlines in the sector right now:

  1. Arun Jaitley introduces GST Bill in Rajya Sabha for discussion: The tax reform is expected to be passed in the Upper House today, after the Congress indicated it was likely to vote in its favour.
  2. Subrata Roy’s parole extended, Supreme Court asks him to pay Rs 300 crore: The Sahara chairman has been out on parole since May 6 after his mother died.
  3. Maruti Suzuki’s shares are the second most expensive in the global auto industry, after Tesla Motors: The Indian carmaker’s stocks touched a new high on Tuesday, after posting record profits in July.
  4. Service sector output touches three-month high of 51.9 in July, says survey: However, there was no increase in employment, and almost all survey members reported the same number of staff they did in May.
  5. Official online portal for all GST needs will be up by April 2017, says IT team appointed by Centre: They will start testing the software by October, and are aiming for a beta launch in February.
  6. Sensex plummets 249 points, lowest in three weeks: Markets are awaiting the outcome in Parliament on the GST Bill.
  7. Dharmendra Pradhan pitches for cut in oil cess: The minister asked the finance ministry to reduce the cess on domestically produced crude oil to 10-12% from current 20%.