A look at the headlines in this sector right now:

  1. Sensex recovers from 7-year low, but ends 338.61 points down after Donald Trump's victory: The BSE index had crashed by more than 1,600 points in morning trade, following cues from an overnight demonetisation announcement and a looming Trump win.
  2. Rs 500, Rs 1,000 notes will not be legal tender starting November 9, says Narendra Modi: As the RBI said the move was implemented to remove fake currency from markets, the Congress called for the quick replacement of old notes.
  3. Ford Motors to set up new centre in Chennai in $195-million investment: The Global Technology and Business Center is expected to serve as a 'true hub of innovation' for the US auto major.
  4. Tata companies have lost more than $7 billion in market capitalisation since Cyrus Mistry's ouster: Fund managers and analysts told The Economic Times that the former group chairman had undertaken positive moves, including improving business efficiency and deleveraging debt.
  5. IndiGo reports 24% rise in Q2 profits to Rs 139.85 crore: The private air carrier's total revenue from operations also climbed to Rs 4,166.93 crore in the September quarter.
  6. Lenovo to release all future phones under Moto brand, say reports: The decision comes as part of an organised re-structuring effort by the Chinese firm.
  7. Facebook says it is testing a job-postings feature: The move could put the social media company in direct competition with Microsoft-owned LinkedIn.