A look at the headlines in this sector right now:

  1. You can soon withdraw Rs 2,000 from select petrol pumps: Public sector oil companies decided to pitch in to help reduce long queues at banks and ATMs.
  2. Prospects of rate hike, weakening rupee and demonetisation hit stock market: Sensex nosedived more than 100 points and Nifty50 slumped to a six-month low of 8,074. 
  3. Bill Gates pulls a one-eighty, a day after calling demonetisation a ’bold move’: The billionaire philanthropist had said it was an ‘important step away from a shadow economy’, but later only emphasised the need for a digitised economy.
  4. Multiple banks reduce their fixed deposit rates by up to 1%: According to experts, the rate cut may lead to reduction in lending rates in the coming days. 
  5. Federal Reserve chairperson Janet Yellen rejects rumours of her stepping down: She said she has no plans to quit before her four-year term ends in early 2018.
  6. Demonetisation hits Manipur media, no newspapers will be published from today: Publishers and distributors decided to stop the press as they are unable to carry out business because lower denomination notes are unavailable.
  7. Reliance signs pact with GE for digital transformation of industrial sector: RIL will use GE’s operating system to cater to customers in multiple sectors.