A look at the headlines in this sector right now:

  1. IMF expresses ‘full confidence’ in Christine Lagarde despite her conviction in fraud case: The board said they had ‘wide respect’ for her and trust in her ability to continue as their managing director.
  2. Last-minute seats on Rajdhani, Shatabdi, Duronto get a 10% discount, fewer tatkal tickets: The cheaper fares will be available on vacant berths available after the reservation charts have been made.
  3. Pakistani Senate passes resolution to demonetise Rs 5,000 notes: The country’s lawmakers believe the currency ban will encourage people to open bank accounts and restrict the circulation of black money.
  4. Kin of Orlando shooting victims sue Facebook, Twitter, Google for ‘material support’ to Islamic State: The lawsuit claimed that the explosive growth of the terror outfit was made possible through these platforms.
  5. I-T officials seize Rs 10 crore in old notes, six kg of gold jewellery from trader in Chennai: The department raided the businessman’s premises after receiving inputs that he was exchanging demonetised currency for gold at a commission.
  6. Railway commuters will have to pay for the services used, says Arun Jaitley: Two months before the Union Budget’s presentation, the finance minister said performance in the sector had been badly hit by past policies.
  7. Indian markets slump amid global cues, Tata stocks surge: The BSE Sensex closed 67 points down, while the NSE Nifty ended below the 8,100 mark.