A look at the headlines in the sector right now:

  1. SoftBank reports $555-million loss in Indian investments, Ola and Snapdeal to be affected: In its six-monthly report, the Japanese telecom giant said it had suffered losses from financial instruments during the current financial year till September.
  2. Defence Ministry clears new policy for blacklisting arms contractors for wrongdoings: Ministry officials said the new rules aimed at being stricter with companies without affecting the modernisation process.
  3. US markets surge after FBI clears Hillary Clinton in email server case: Dow Jones, S&P 500 Index and NASDAQ Composite closed more than 2% higher, the dollar gained 1% against the pound and oil prices went up by more than 1%.
  4. Ford announces $195-million investment proposal for India: Ford Motors Limited said it planned on setting up a technology and business center to develop new products in Chennai. 
  5. Good and Service tax online facility launched: The Centre said the portal will facilitate easy filing of returns and tax payments.
  6. Bhel reports Rs 109-crore profit in second quarter: State-run power equipment manufacturer attributed the gains to initiatives by new management. 
  7. India's demand for gold may drop to lowest rank in seven years, says World Gold Council: The body predicts a fall of up to 24% this year.