A look at the headlines in the sector right now:

  1. GST Constitution Amendment Bill gets Pranab Mukherjee's approval: The proposed tax regime needed to be ratified by at least half the total number of states to be sent to the president.
  2. India reviewing its international free trade pacts after domestic industry concerns on benefits, says Nirmala Sitharaman: The Union commerce minister said the country’s farmers and traders are not yet ready for foreign direct investment in multi-brand retail trading.
  3. Mahindra & Mahindra to sell 40,000 cars to Ola Cabs: CEO Anand Mahindra said they expect the tie-up to yield $400 million over the next two years.
  4. Vijay Mallya will continue as chairman of United Breweries, says company's management: In May, Sebi ruled that wilful defaulters cannot hold board positions at listed companies or raise funds from the securities markets.
  5. Poor demand, weak international trade causes gold rates to dip from 30-month high: Prices dropped by Rs 250 to Rs 31,300 per 10 grams on Thursday.
  6. Top five IT companies lose Rs 34,000 crore in market value after Tata Consultancy Services issues advisory: Investors interpreted the firm's statement, hinting at the possibility of "sequential loss of momentum", as the current state of the information technology sector.
  7. ICICI Bank says incorporation of software robotics has reduced its business procedure response time by 60%: The deployment is part of an attempt to raise the organisation's productivity and efficacy.