A look at the headlines in the sector right now.

  1. Moody’s upgrades India’s credit rating, says government reforms will boost ‘high growth potential’: Finance Minister Arun Jaitley said this move will force those with doubts about India’s economic reforms to “seriously introspect on their positions”.
  2. Cabinet approves setting up a National Anti-profiteering Authority under GST: The authority will ensure that consumers are protected from arbitrary increases in prices in the name of the Goods and Services Tax.  
  3. Sensex and Nifty end the week on a positive note after Moody’s upgrades India’s credit rating: The BSE Sensex closed higher by 235.98 points and the Nifty ended 0.67% up.  
  4. ICICI Bank, Paytm tie up to offer short-term digital loans: Under the Paytm-ICICI Bank Postpaid service, users can avail loans up to Rs 20,000 for a maximum of 45 days.  
  5. US-based firm to study feasibility of hyperloop routes in Maharashtra: Virgin Hyperloop One also signed a pact with Karnataka for a similar study  
  6. New Google Assistant feature will allow developers to create apps in Indian English: It will help the company provide users with a customised experience, said Brad Abrams, the group product manager for Google Assistant.  
  7. Sebi to investigate how company earnings were leaked on WhatsApp groups: The investigation comes after a Reuters report documented at least 12 cases of prescient messages about major Indian firms being circulated in chatrooms.  
  8. US House of Representatives passes bill to cut corporate tax from 35% to 20%: The legislation now needs the approval of the Senate, where Republicans hold a narrow majority.