A look at the headlines in the sector right now:

  1. Union Cabinet approves privatisation of Air India: IndiGo airline is said to have shown interest in buying stake in the debt-ridden state carrier.   
  2. Forty-three of 55 McDonald’s outlets in Delhi to close today, say reports: This is because of a protracted legal fight between the restaurant chain and former managing director of CPRL, Vikram Bakshi.
  3. Cabinet approves 7th Pay Commission recommendations, raises medical allowance for pensioners: The move will benefit more than 47 lakh central government employees.
  4. Congress to boycott the GST launch at Parliament on Friday at midnight: With this, the party has joined Mamata Banerjee’s Trinamool Congress Party in giving the event a miss.
  5. India worst affected by Petya ransomware attack in Asia Pacific region, says report: Ukraine, the US, Russia, France and the UK are the five countries most affected by the cyber attack.
  6. The Reserve Bank of India has started printing Rs 200 notes, says report: The apex bank has not yet commented on the report that quoted two unidentified officials.
  7. India first nation to donate $1 lakh to UN fund that helps developing countries discuss tax matters: The international body has been calling for voluntary contributions to the fund since 2006 under the Addis Ababa Action Agenda.