A look at the headlines in the sector right now:

  1. Sensex ends at a record high, Yes Bank’s bad loans drag Nifty down: The lender, whose stock fell over 7% on the National Stock Exchange, is not listed on the Sensex.
  2. Fourteen companies in the running to assist Centre with Air India privatisation: The financial bids submitted by the firms will be opened after they complete their presentations on Friday.   
  3. India needs to spend Rs 50 lakh crore over the next five years on infrastructure, says Crisil: The global ratings agency said India will first have to tackle the problem of stressed assets to be able to spend such large amounts of money.
  4. Maruti Suzuki reports 3.4% rise in net profit for the July-September quarter: The automaker’s total vehicle sales increased 18% year on year.   
  5. Reliance Industries becomes first Indian company to touch Rs 6 lakh crore in market capitalisation: The stock price has risen over two times in the last one year.
  6. WhatsApp brings in feature to allow you to recall messages: Deleted texts will be replaced with ‘This message was deleted’ in the chat window of Android users.
  7. ICICI Bank’s net profit dropped 34% in the second quarter, bad loans rose 36.7%: The lender reported better asset quality than Yes Bank and Axis Bank.