A look at the headlines in the sector:
- Tata Sons buys stake worth over Rs 3,200 crore in three companies of the group: With this, it hopes to reduce cross-holding of Tata Group companies and simplify structure.
- Trai cuts call termination charges by more than half, mobile operators oppose the move: A company levies an Interconnection Usage Charge on its rival when a user ends a domestic call on their network.
- CBI special court defers hearing in 2G spectrum scam case to October 25: The court said the date of judgment will be finalised on the next date of hearing.
- Eighteen McDonald’s outlets in Delhi resume operations: Forty-three outlets of the fast food chain in the city were shut since June because their licences were not renewed.
- Markets finish flat as investors remain wary of US Federal Reserve decision on rates: Shares of Reliance Industries jumped to a record high of Rs 872 during afternoon session after Trai slashed call termination charges.
- Supreme Court asks Unitech to pay Rs 80,000 each as litigation cost to 39 flat buyers: The buyers had sought a compensation of Rs 1 lakh each towards mental agony and litigation cost for not receiving the flats they had bought.
- Ratan Tata, Lakshmi Mittal and Vinod Khosla on Forbes’ list of ‘100 Greatest Living Business Minds’: The magazine included the trio in a list in its special centennial issue.