A look at the headlines in the sector right now:

  1. Rise in India’s manufacturing output for November was highest in 13 months, shows data: Creation of jobs in the manufacturing sector was fastest since September 2012, the monthly survey by IHS Markit showed.
  2. Japanese automaker Nissan Motor sues India for Rs 5,000 crore over unpaid incentives: The company sought its dues from the Tamil Nadu government as part of a 2008 agreement to set up a car manufacturing unit in the state.
  3. Finance Minister Arun Jaitley credits government’s reforms for rise in GDP growth rate: The growth of the manufacturing sector was the most significant aspect of ‘this quarter’s positive result’, he added.
  4. Sensex, Nifty remain volatile during morning trade despite positive second-quarter GDP data: The poor performance of metal, telecom and pharmaceutical stocks pulled the indices down.
  5. Super intelligence can be for India what manufacturing was for China, says Mukesh Ambani: The Reliance Industries chairperson said those who do not adopt technology will become irrelevant.
  6. Enforcement Directorate raids seven places in NCR in Sterling Biotech money laundering case: The Gujarat firm and its associates are accused of cheating public sector banks to the tune of Rs 5,383 crore.
  7. Zomato withdraws outdoor advertisement after social media users criticise it as offensive and sexist: The company’s co-founder apologised and said the firm had not intended to offend anyone.