A look at the headlines in the sector:

  1. Reserve Bank of India keeps interest rates unchanged after policy meet: Markets fell sharply after the central bank’s announcement.  
  2. Digital currency Bitcoin surges past the $12,000-mark: The cryptocurrency’s total market value now is about $203 billion – more than twice finance company Goldman Sachs’ market cap.   
  3. European Union names 17 countries on its first tax haven blacklist: The list includes Bahrain, Panama, Saint Lucia, Barbados and South Korea, nations the bloc said did not cooperate with it in the crackdown on tax havens.   
  4. Google withdraws YouTube from Amazon’s Echo Show and Fire TV devices: The tech giant is unhappy with the Jeff Bezos-led company for not consulting it before building a different version of the video app on both gadgets.   
  5. Fitch withdraws Reliance Communications’ ratings: The company’s shares dropped by 7% after reports that a public relations firm had initiated insolvency proceedings against it surfaced.   
  6. 21st Century Fox appoints Star India Chairperson and CEO Uday Shankar its Asia President: He will head the corporation’s video businesses across the region, including Star India and Fox Networks Group.   
  7. Industry pushes for lower corporate tax in pre-Budget meet with Arun Jaitley: At the meeting, exporters called for quicker GST refunds.