A look at the headlines in the sector:

  1. Unitech’s shares surge nearly 20% after court allows Centre to take over company’s management: The Supreme Court is expected to hear the realty firm’s appeal against the National Company Law Tribunal’s order.  
  2. Sensex ends 205 points up, Nifty above 10,300 after strong buying by domestic investors: Mahindra & Mahindra, TCS and Wipro were among the top gainers on both indices.
  3. Amazon India claims its gross sales rose much faster than Flipkart’s – at 66% – in April-September: Neither company has disclosed the exact figures, though Flipkart said it grew ‘at least 80%’ in the first half of 2017-’18.  
  4. Bitcoin debuts on the futures market, hits a high of $18,700: This is the first time professional investors got an opportunity to invest in the cryptocurrency.
  5. Centre may allow foreign carriers to bid for stake in Air India, say reports: The chief executive officer of the International Air Transport Association agreed with the move, but added that the government must sell it entire stake.  
  6. State Bank of India changes IFSCs of 1,300 branches after merger with associate banks: Customers will be informed of the change in code of their branches, the bank said.  
  7. Chandigarh airport to remain closed from February 12 to 26 for work on runway: The length of the runway will be increased from 9,000 feet to 10,200 feet to allow wide-bodied aircraft to operate out of the airport.