A look at the headlines in the sector right now:

  1. Centre hikes minimum wage for semi-skilled workers to Rs 350 per day: However, trade and labour unions have refused to call off their all-India strike on September 2.
  2. Apple Inc ordered to pay €13 billion in tax to Ireland: The European Commission said the world's richest company illegally gained from a selective tax treatment in the EU country.
  3. Sensex closes 440 points higher, Nifty rises to 16-month high after gains by auto, banking stocks: The rally by Indian markets came after a global upswing because of doubts on whether the United States Federal Reserve will hike policy rates in September.
  4. India, US sign pact on sharing military technology and boosting defence trade, talk tough on terror: The deal was signed by Defence Minister Manohar Parrikar and his American counterpart Ashton Carter during Parrikar's ongoing trip to the Western nation.
  5. Diesel ban in Delhi-NCR cost auto industry Rs 4,000 crore between December and August: The region accounts for 10% of India's passenger vehicle sales and an even higher chunk of luxury vehicle purchases.
  6. Bharti Airtel cuts data charges by almost 80% to compete with Reliance Jio: Under a special scheme, customers will get 4G and 3G mobile internet at the rate of Rs 51 per gigabyte.
  7. India's biggest spectrum auction postponed to October 1: The sale was deferred by two days from the original September 29 date after telecom operators said they wanted a three-day gap after the proposed mock bid.
  8. Apple sued for defective touchscreens in iPhone 6 models: The lawsuit alleged the company was aware of the problem but has refused to fix it in the handsets affected.