A look at the headlines in the sector right now:

  1. Mukesh Ambani emerges India's richest tycoon, Ramdev's aide Acharya Balkrishna debuts on Forbes list: Sun Pharma's Dilip Shanghvi and the Hinduja Family are at the second and third positions, respectively.
  2. GST Council meet begins today, state and Centre to try and reach consensus on division of control: Apart from crucial issues like tax rate and exemption, the council is also likely to select a vice chairperson from among the state finance ministers.
  3. Mint's founding editor Raju Narisetti to head former Gawker sites: Univision recently acquired the entity in an auction, after Gawker Media went bankrupt on losing an invasion-of-privacy suit with wrestler Hulk Hogan.
  4. UK Home Secretary Amber Rudd was the director of two companies in Bermuda, reveals Bahamas leak: However, the documents do not suggest that she evaded taxes or engaged in any illegal activity.
  5. Court sends Kingfisher official to 18 months in jail in cheque bounce case, defers Vijay Mallya's sentencing: The Hyderabad court, however, held the former liquor baron as an accused in the case.
  6. Vodafone India gets Rs 47,700 crore as equity from parent firm: The money will help the second largest telecom operator of the country to boost business.
  7. BSNL to offer new rates to compete with Reliance Jio: The new packages will be available to 2G and 3G users also.