A look at the headlines in this sector right now:

  1. Traders and merchants across India launch ‘Bharat Bandh’ against imposition of GST: Meanwhile, Asian Development Bank chief Takehiko Nakao said GST’s multiple tax rates may cause problems after its roll-out.
  2. Sensex closes 64.09 points up ahead of midnight GST roll-out: Other Asian markets had a poor day, with four out of five major indices ending in red.
  3. IndiGo says it is interested in buying Air India’s overseas business if a demerger is possible: MoS Civil Aviation Jayant Sinha said that a Group of Ministers would take a call on whether there could be demerger of Air India.
  4. Brexit likely to leave EU with a €10-billion Budget deficit: Budget Commissioner Günther Oettinger said the bloc must either spend less or find new ways to fill the gap as a ‘net contributor’ was leaving.
  5. CBI says Vijay Mallya had no intention of honouring personal guarantee he had given IDBI Bank, says a report: The agency alleged that using the brand value of Kingfisher Airlines as security for the loan was Mallya’s idea.
  6. US to sell arms worth $1.42 billion to Taiwan, imposes sanctions on China bank linked to North Korea: The US also used Chinese President Xi Jinping’s visit to Hong Kong to call for more democracy in the autonomous territory.
  7. No dual MRP from next year, products on e-commerce platforms will have to carry retail price: The new labelling rules are part of amendments to the Legal Metrology (Packaged Commodities) Rules, 2011.