A look at the headlines in the sector:

  1. The next generation will look at demonetisation with great pride, says Arun Jaitley: Meanwhile, former Prime Minister Manmohan Singh said demonetisation and GST were ‘twin blows’ for India’s economy and small businesses.
  2. Overnight surge in global oil prices sends Sensex and Nifty nosediving: The BSE index fell 360 points, and the NSE index ended 101 points lower.
  3. Samsung to pay Apple $120 million after US Supreme Court rejects its appeal in a patents case: Apple had accused Samsung of infringing its patents on popular features such as slide-to-unlock, autocorrect and quick links.
  4. Paradise Papers smash secrecy around tax havens, says Arun Jaitley: The finance minister’s comments come a day after the Congress criticised the Centre for not doing enough to bring back black money stashed abroad.
  5. Lupin shares end 17% lower as US drug regulator issues warning letters for two manufacturing units: The company said its plants in Goa and Indore had been warned for violating goods manufacturing practices.
  6. HDFC Bank makes online NEFT and RTGS transactions free of cost effective November 1: In an effort to promote digital economy, the lender will continue to charge a fee for these transactions if they are carried out at branches.

  8. 21st Century Fox’s shares surge after reports say that it held merger talks with Disney: If the deal goes through, the media giant will reportedly sell its movie studio, television production unit and networks to its rival company.
  9. Revenue Secretary Hasmukh Adhia now appointed finance secretary: The Finance Ministry position fell vacant after Ashok Lavasa’s tenure ended on October 31.