A look at the headlines in this sector right now:

  1. Andhra Pradesh, Telangana pass Gujarat in ease of doing business rankings: Officials said the national average for implementing features of the Business Reform Action Plan stood at 48.93% as against 32% last year.
  2. Diwali sales of Chinese goods fell by 60% this year, says traders’ body: The Confederation of All India Traders said the decline was driven by a social media-led boycott call.
  3. Stock markets shut on Monday on account of Diwali holiday: The Bombay Stock Exchange Sensex ended 14.31 points higher at 27,930.21 on Sunday in muhurat trading, while the National Stock Exchange Nifty rose 10.45 points to end at 8,625.70.
  4. GST Network will borrow Rs 800 crore to fund infrastructure costs: The private limited company’s chairperson Navin Kumar said Rs 550 crore would be borrowed as a five-year term loan and Rs 250 crore as a working capital loan.
  5. Brickwork Ratings downgrades Tata Steel citing Cyrus Mistry ouster: The ratings agency cited ‘heightened management risk’ following the former chairman’s ouster as the reason for its revision.
  6. NITI Aayog index declares Maharashtra the most farmer-friendly state in the country: ‘The state has implemented most of the marketing reforms and it offers best environment for doing agribusiness among all the states and UTs,’ the council said.
  7. ONGC Videsh Limited completes acquisition of additional 11% stake in Russia’s Vankor oilfield: The state-owned enterprise, which paid $390 million, now owns 26% of the East Siberian plot.