A look at the headlines in the sector right now:

  1. Stock of pre-GST goods can be sold with stickers bearing new MRP till September 30: The Centre has asked manufacturers and packers to publish at least two newspaper advertisements on unsold products that now cost more.  
  2. Cyrus Mistry, four others face Rs 500-crore defamation complaint filed by managing trustee: The complainant claimed that the ousted chairman’s email after his dismissal alleging fraud had ‘damaged his reputation’.  
  3. India and Israel to focus on defence deals and tackling terrorism on Day 2 of Narendra Modi’s visit: The Barak-8 air defence system, which the countries built together, is expected to feature in the pacts the prime ministers will ink.
  4. Rajinikanth asks Tamil Nadu government to roll back additional tax on theatre owners: The film industry is losing Rs 4 crore a day because of the ongoing strike against the new GST regime, market experts said.  
  5. Anil Ambani’s Reliance Communications suggests brother Mukesh’s Jio has affected telecom industry: The company pointed at a new entrant’s ‘strategy of freebies to gain customers’ to explain the sector’s current financial problems.
  6. Essar Steel moves Gujarat High Court after RBI begins bankruptcy proceedings against it: The company said the apex bank had ‘arbitrarily’ selected the 12 stressed accounts.
  7. Volvo to launch only electric or hybrid cars from 2019, is the first major automaker to go green: The company, owned by Zhejiang Geely Holding Group, will compete with Elon Musk’s Tesla Motors and Mercedes’ AMG Division.