A look at the headlines in the sector right now:

  1. Give citizens with ‘genuine reasons’ another chance to deposit demonetised notes, SC tells Centre: The division bench has directed the government to file an affidavit in the case within two weeks.  
  2. Markets close on a flat note with profit booking by investors: The Bombay Stock Exchange Sensex dropped 11.83 points to settle at 31,209 while the Nifty was down by 1.70 points to end at 9613.30.
  3. Delhi High Court directs SpiceJet to pay Rs 579 crore in share transfer dispute: The bench has asked the airline to deposit Rs 250 crore in cash and furnish the remaining Rs 329 crore as a bank guarantee.  
  4. Data glitch triggers stock market confusion, shares of Amazon, Apple and Microsoft go haywire: The error reset the prices at $123.47 and also made them jump and plummet.  
  5. Maharashtra government hikes registration tax for vehicles by 2%: The move has been taken to compensate for the loss of revenue caused by scrapping of octroi and local body tax. 
  6. GST roll-out was smooth, price and supply situation is being monitored, says Revenue Secretary: Meanwhile the debate over the new tax regime was disrupted in the Jammu and Kashmir Assembly.
  7. Microsoft may lay off thousands of employees as it shifts its focus to cloud computing, say reports: The tech giant has yet to confirm the news, though a spokesperson said the company was ‘implementing changes to better serve customers’.