A look at the headlines in this sector right now:

  1. Tata Sons says Cyrus Mistry’s claims in leaked letter unsubstantiated and malicious: ‘Trustees of the Tata Trusts were increasingly getting concerned with the growing trust deficit with Mr. Mistry,’ the group said in a statement.
  2. Dearness allowance hiked 2% for pensioners and government employees: The unions had demanded a 3% increase.
  3. Maruti Suzuki's stocks slip after reporting 60% rise in Q2 profit: India's largest automobile manufacturer also saw a 29% jump in income from operations year on year.
  4. Samsung posts 30% drop in operating profit after Galaxy Note7 recalls: The company's mobile division will now focus on 'expanding sales of new flagship products…as well as regaining consumers' confidence'.
  5. Carefully examine Rs 500 and Rs 1,000 currency notes before accepting them, says RBI: The bank said fake notes could be easily identified on close scrutiny, and urged the public to be careful about counterfeit currency.
  6. Airtel to approach Centre, Trai against proposed penalty of over Rs 1,000 crore: Trai had recommended a total fine of Rs 3,050 on Vodafone, Idea Cellular and Airtel for not providing interconnection points to the Mukesh Ambani-led company.
  7. Sensex, Nifty make marginal gains with help from banking and healthcare stocks: On Thursday, the Asian markets declined on the back of technology giant Apple's first fall in annual profits in 15 years.