A look at the headlines in the sector right now:

  1. 18 lakh workers have joined strike against Centre's anti-labour policies, say trade unions: At least 12 workers' representatives who were participating in the bandh were detained by the Haryana police from near the Maruti factory in Manesar.
  2. Show proof that investors were refunded Rs 18,000 crore, Supreme Court tells Sahara head Subarata Roy: It also ordered market regulator SEBI to look into how the company was selling its properties abroad to raise money to secure bail for its chief.
  3. Declare black money by September 30 or face strict action, Narendra Modi warns tax defaulters: He said the Supreme Court-monitored Special Investigation Team was working to ensure that such illegally acquired amounts do not make it to foreign bank accounts.
  4. Samsung begins global recall of Galaxy Note7 following 35 reports of the model’s battery exploding: The smartphone giant said it was conducting a ‘thorough investigation’ of the defect with its suppliers to identify affected handsets.
  5. India has the potential to register growth rate of 8-10%, says Chief Economic Advisor Arvind Subramanian: He said the double-digit figure can be achieved only if there is political stability in the country and if the world economy picks up pace.
  6. President’s approval awaited for GST Bill after Odisha becomes 16th state to ratify it: The Assembly’s unanimous decision fulfilled the required that at least half the states needed to pass it before it could be sent to Pranab Mukherjee.
  7. I was willing to stay, says Raghuram Rajan: The former RBI governor said he could not reach the right agreement with the government to opt to stay for a second term in the position.
  8. Reliance Jio can hope to break even if it gains 80 million subscribers in next two-three years, say analysts: They believe other telecom majors will soon come up with new prices and offers to give it tough competition.