A look at the headlines in this sector right now:

  1. RBI keeps interest rates unchanged, slashes economic growth forecast: The central bank said that the implementation of GST appeared to have had an ‘adverse impact’ on the manufacturing sector in the short term.
  2. Rajnish Kumar named SBI chairperson, to take over on October 7: He said that the present time was challenging for the banking sector, and that he hoped to take forward the work done by Arundhati Bhattacharya.
  3. Centre lowers basic excise duty on petrol, diesel by Rs 2 per litre: The government expects that the move will ease the surging retail prices of fuel.
  4. Sensex closes 174 points up, Nifty above 9,900 after RBI keeps interest rates unchanged Sun Pharma and Reliance Industries were among the biggest gainers on both indices.
  5. Paytm Payments Bank reports loss of Rs 30.7 crore between August 2016 and March 2017: In the same period, the company earned revenue of Rs 2.47 crore.
  6. Yahoo says all three billion of its accounts were breached in 2013 hacking incident: In December 2016, the firm had admitted to more than a billion accounts being hacked in 2013.
  7. Oppo, Louis Vuitton among five firms to open single-brand retail stores in India: The Centre approved their FDI proposals, allowing them to sell directly to consumers in India.
  8. GST woes will keep cash flow of small- and mid-sized firms under stress, says Crisil: The agency upgraded its rating for 817 companies and downgraded only 434.
  9. Demonetisation was the ‘largest money laundering scheme ever’, Arun Shourie tells NDTV: The former Union minister said the drive had helped those with black money convert it into white.
  10. Eight sectors related to infrastructure record 4.9% growth in August, the fastest in five months: The data is a combined measure of production in infrastructure-related industries; three sectors, however, saw a dip compared to the figures from August 2016.