A look at the headlines in the sector right now:

  1. Markets end nearly flat after scaling all-time highs during the day: The top losers on both indices included Sun Pharma, NTPC and Bharti Airtel.
  2. Sebi to investigate Indian companies named in Paradise Papers leak: The regulator said it will first ask listed firms for details about offshore entities and then match these with their filings to check for irregularities 
  3. Apple to visit an Indian engineering college for placements for the first time: The company has registered as a recruiter with the International Institute of Information Technology in Hyderabad.
  4. Supreme Court rejects Jaypee Infratech’s plea to pay back homebuyers in installments: The bench ordered the real estate firm to arrange for Rs 2,000 crore by November 13, the next date of hearing.  
  5. After demonetisation, 35,000 companies deposited and withdrew Rs 17,000 crore, says Centre: So far, the Ministry of Corporate Affairs has deregistered 2.24 lakh companies and disqualified at least 3.90 lakh directors.  
  6. Reliance Communications to shut down voice calls from December 1: The company, burdened with a debt of around Rs 46,000 crore, will only provide 4G services.  
  7. At least 207 million accounts on Facebook are fake or duplicate: The social media giant explained that improved methods to identify fake accounts was behind the 6% surge from previous estimates.  
  8. Rs 2 lakh crore working capital of businesses stuck with government after GST, says report: The amount is stuck with the government because of a lack of clarity on how it will refund the excess tax paid by traders.  
  9. BMW recalls over one million vehicles in North America over fire risk: Some were recalled because of defective valve heaters and others because of faulty wiring, the German automaker said.  
  10. GST is the ‘Great Selfish Tax’, says Mamata Banerjee: The West Bengal CM urged social media users to change their profile pictures to black on Wednesday, to mark a year since demonetisation was announced.