A look at the headlines in the sector:

  1. Gujarat, Maharashtra cut Value Added Tax on petrol and diesel, effective midnight: Poll-bound Gujarat cut VAT on the fuels by 4%, while Maharashtra lowered the prices by Rs 2 and Re 1 per litre.  
  2. Sahara is obstructing the auction of its Aamby Valley project, Sebi tells Supreme Court: The court had earlier ordered that the property be attached and sold in order to recover dues worth Rs 24,000 crore from Sahara.  
  3. PepsiCo Chairman Shivakumar resigns, to join Aditya Birla Group: Ahmed El Sheikh, the senior vice president and general manager for PepsiCo Egypt and Jordan, will take over the post.  
  4. Delhi Metro rides to get costlier from today as new fare structure comes into effect: People travelling beyond 5 km on the metro will have to pay Rs 10 extra, while journeys falling in the 2-5 km distance slab will cost Rs 5 more.  
  5. Nifty reclaims 10,000, Sensex ends 77 points up as markets await second-quarter results: There was uninterrupted buying by domestic financial institutions as companies are expected to start reporting their July-September earnings this week.  
  6. Microsoft says it will not develop new features for Windows phones any more: There were too few users for most developers to invest in building new apps, a top executive said.  
  7. Supreme Court rules out forming a Special Investigation Team to look into the Panama Papers leak: A Multi-Agency Group with officers from Central Board of Direct Taxes, RBI and Financial Intelligence Unit was already like an SIT, the bench said.