A look at the headlines in the sector right now:

  1. Mukesh Ambani’s net worth rose 67% in 2017 despite economic slowdown, says Forbes Magazine: Wipro chairperson Azim Premji has jumped two places from 2016 to the second spot on the 2017 list of India’s 100 richest tycoons.  
  2. Sensex closes 79 points down, Nifty below 9,900 a day after RBI’s monetary policy meet: ICICI Bank, Hero Motocorp, Bajaj Auto, Axis Bank and Hindustan Unilever were the top losers at the Bombay Stock Exchange. 
  3. Still not paid for working extra hours during demonetisation, bank employees threaten strike: Unions said the government has been informed about the non-payment for the extra hours that the staff put in to deal with the rush during note ban. 
  4. Truckers say they will go on nationwide strike on October 9, 10 to protest GST: The All India Motor Transport Congress wants diesel prices to be revised on a quarterly basis and made uniform across the country.  
  5. Wind power tariff falls to record low of Rs 2.64 per unit at second auction: This beat the previous low of Rs 3.46 per unit recorded in February. 
  6. EU orders Amazon to pay nearly €250 million for receiving illegal tax advantages: The European Commission said Luxembourg had given the online retailer several benefits without any ‘valid justification’.  
  7. SpiceJet shares rise after it signs deal to buy 100 amphibian planes that can land on water: With this, the company hopes to explore providing air connectivity to the remotest parts of the country.
  8. Google’s new earbuds promise to translate 40 languages in real time: The Pixel Buds will be available in a few countries, including the US, from November.