A look at the headlines in this sector right now:

  1. Sensex falls nearly 700 points, Nifty by 229 after dollar rise, demonetisation: Markets also reacted to reports that the US Federal Reserve could hike its policy rates in December.
  2. Airlines will now have to pay extra tax between Rs 7,500 and Rs 8,500 for domestic flights: The Centre’s move is an attempt towards raising money to fund subsidised travel between regional airports.
  3. International Monetary Fund advises caution while supporting India’s demonetisation exercise: The organisation said the transistion must be executed ‘prudently’ to ensure ‘minimum disruption’.
  4. Governments have power to impose entry tax on goods from other states, says Supreme Court: The apex court listed several tests to ascertain if a local law was valid.
  5. Vijay Mallya declared an absconder by Mumbai court: The Enforcement Directorate had filed a plea saying the move would enable them to attach his movable properties.
  6. Mahindra and Mahindra appoints Anand Mahindra as executive chairman for five-year term: The company reported a 27% rise in its second quarter profits to Rs 1,163.27 crore.
  7. WhatsApp introduces two-step verification security feature in Android, Windows beta apps: The optional feature will allow users to create a six-digit passcode that will need to be used when setting up an account on a different device.