A look at the headlines in the sector right now:

  1. There is no proposal to withdraw cheque books from banking system, clarifies Finance Ministry: Although the government may be committed to making India a cashless economy, ‘cheques are an integral part of the payments landscape’, it said. 
  2. Tata Motors ties up with Coimbatore’s Jayem Automotives to launch electric car Neo: Prime Minister Narendra Modi will reportedly launch the Neo as part of the Ola Cabs fleet in Hyderabad on November 28. 
  3. Centre sets minimum export price for onion as prices surge to highest in two years: The cap on export prices will boost domestic supplies and discourage cheap export, the government said.  
  4. Sensex closes 91 points up, Nifty at 10,389: Shares ended higher for a seventh straight session, while bonds dipped on market talk of a potential sovereign ratings upgrade by Standard & Poor’s.
  5. Ravi Shankar Prasad says the right to access the internet is non-negotiable: India does not believe in exclusivity, the IT minister said, even as reports said the United States was planning to repeal net neutrality rules.  
  6. BSE to auction investment limits for Rs 3,930 crore government bonds: Foreign investors are invited to take part in the bidding, which is scheduled for 3.30 pm to 5.30 pm on Monday.
  7. Havmor sells its ice cream business to South Korea’s Lotte Confectionery for Rs 1,020 crore: The Ahmedebad-based ice cream giant will continue to operate its chain of restaurants across Gujarat.