A look at the headlines in this sector right now:

  1. Centre allows farmers to buy seeds with demonetised Rs 500 notes from government-run outlets: Small traders can withdraw up to Rs 50,000 cash per week from current, overdraft and cash-credit accounts that have been active for over three months.
  2. Samsung says the Galaxy S7 is safe to use after reports of explosions: The company said there had been no confirmed cases of ‘internal battery failures’ among the handsets being sold in North America.
  3. Flipkart is now looking to sell groceries, will make a second attempt at furniture: The e-commerce platform’s Chief Executive Officer Binny Bansal said the company has cash reserves that will last up to three years.
  4. Selling pressure drags Sensex below crucial 26,000 mark, Nifty plunges to 7,929: The value of the rupee dropped to 68.27 against the US dollar.
  5. 16 public sector banks did not pay dividends in 2015-2016 because of rising non-performing assets: The government, which owns a major stake in the institutions, saw a 67% decline in shareholder revenues to Rs 1,444 crore from the previous financial year. 
  6. TCS accuses Cyrus Mistry of making ‘unsubstantiated allegations’: The company said that the ousted chairperson’s conduct has caused ‘enormous harm’ to the group.
  7. IAF fighter jets land on Agra-Lucknow Expressway as Akhilesh Yadav inaugurates it: Mulayam Singh Yadav and uncle Shivpal Yadav were present at the launch of India’s longest expressway.