A look at the headlines in the sector:

  1. Rupee reduces losses after Finance Ministry denies report of possible devaluation discussion: Union Commerce Minister Nirmala Sitharaman said she had not spoken to the media about the matter at all.
  2. Apple reveals prices of iPhone 7, iPhone 7 Plus, slashes cost of 6S, 6S Plus models by Rs 22,000: The company also introduced 32GB and 256GB variants of the older models and discontinued the 64GB versions.
  3. GST Network project very complex, Infosys CEO Vishal Sikka says after meeting with Arun Jaitley: He said the Union government is looking to address 'pockets of weak preparedness' before the rollout of the new tax regime.
  4. Anil Ambani's Reliance Communications announces merger with Aircel, days after Jio launch: The joint venture worth Rs 35,000 crore is the largest-ever consolidation deal in the telecom sector in India.
  5. Bayer signs $66-billion deal to buy Monsanto, heralding the birth of a global agriculture behemoth: The merger will be scrutinised closely by 30 international regulators, including the EU and the US Department of Justice, before it can be finalised.
  6. Monsoon starts withdrawing from West Rajasthan, as Mumbai MeT department sounds heavy rain alert: Rainfall is expected to cover parts of Gujarat, Maharashtra, Madhya Pradesh and Chhattisgarh till September 18.
  7. Nirma raises Rs 4,000-crore debt to fund deal with cement manufacturer Lafarge India: The world's largest cement manufacturer, LafargeHolcim Ltd, had announced in July that was selling its shareholding to the detergent company.