A look at the headlines in the sector right now:
- Centre hikes minimum wage for semi-skilled workers to Rs 350 per day: However, trade and labour unions have refused to call off their all-India strike on September 2.
- Apple Inc ordered to pay €13 billion in tax to Ireland: The European Commission said the world's richest company illegally gained from a selective tax treatment in the EU country.
- Sensex closes 440 points higher, Nifty rises to 16-month high after gains by auto, banking stocks: The rally by Indian markets came after a global upswing because of doubts on whether the United States Federal Reserve will hike policy rates in September.
- India, US sign pact on sharing military technology and boosting defence trade, talk tough on terror: The deal was signed by Defence Minister Manohar Parrikar and his American counterpart Ashton Carter during Parrikar's ongoing trip to the Western nation.
- Diesel ban in Delhi-NCR cost auto industry Rs 4,000 crore between December and August: The region accounts for 10% of India's passenger vehicle sales and an even higher chunk of luxury vehicle purchases.
- Bharti Airtel cuts data charges by almost 80% to compete with Reliance Jio: Under a special scheme, customers will get 4G and 3G mobile internet at the rate of Rs 51 per gigabyte.
- India's biggest spectrum auction postponed to October 1: The sale was deferred by two days from the original September 29 date after telecom operators said they wanted a three-day gap after the proposed mock bid.
- Apple sued for defective touchscreens in iPhone 6 models: The lawsuit alleged the company was aware of the problem but has refused to fix it in the handsets affected.
Limited-time offer: Big stories, small price. Keep independent media alive. Become a Scroll member today!
Our journalism is for everyone. But you can get special privileges by buying an annual Scroll Membership. Sign up today!