A look at the headlines in the sector:

  1. Sensex and Nifty close at record highs after positive wholesale inflation data: The biggest gainers on the Sensex were Bharti Airtel, Tata Motors DVR, Mahindra & Mahindra, Tata Motors and Hindustan Unilever.
  2. India’s wholesale inflation fell to 2.60% in September: A lower increase in the wholesale prices of food compared to those in August led to the decline.  
  3. Government may lower GST slab for air-conditioned restaurants from 18% to 12%: The final decision is likely to be taken at the GST Council meeting in Guwahati on November 9. 
  4. Netflix announces its first Indian kids’ original, ‘Mighty Little Bheem’: The entertainment company earlier announced three original shows set in India including ‘Sacred Games’ based on Vikram Chandra’s crime novel of the same name.  
  5. RBI refuses to disclose why new banknotes advertise Swachh Bharat mission: The central bank cited a section of the RTI Act that allows for secrecy if some information could pose a threat to national security or foreign relations.  
  6. Recent reforms will revive jobs, Indian economy on ‘very solid track’, says IMF Chief: Meanwhile, Niti Aayog’s Rajiv Kumar said the economy will grow 6.9%-7% this fiscal year.  
  7. Facing backlash, OnePlus says it will ask users for consent to collect data from phones: The Chinese company was criticised after a researcher pointed out that it collects user information without permission.