A look at the headlines in the sector right now:
- Sensex closes 445 points higher, Nifty breaches 8,900-point mark after 18 months: Stocks rallied as global markets saw an upswing after fears subsided about an impending policy rate hike by the United States Federal Reserve.
- AAP government cannot penalise app-based taxis yet as a special panel's report is pending, says HC: The administration was directed to wait till the committee frames a uniform policy to address cab-related issues.
- Britannia will have to temporarily stop selling its digestive biscuits, rules Delhi High Court: In a case related to copyright infringement, filed by ITC Ltd, the court asked the Bangalore-based company to phase out its existing stock in four weeks.
- India will soon stop importing petroleum products, says Nitin Gadkari: The Union minister said the move would help promote ‘alternative fuels’ and boost employment.
- ED files chargesheet against LIC agent in connection with Virbhadra Singh's money-laundering case: The agency has said that the Himachal Pradesh CM invested huge amounts in purchasing LIC policies through the accused between May 2009 and June 2012.
- BSNL says it will compete with Reliance Jio tariff-by-tariff: The state-run telecom company may even consider providing free voice calls to subscribers.
- Snapdeal to give collateral-free loans worth Rs 1,000 crore to sellers: The e-commerce platform said the move was to help sellers beef up their stock ahead of the festive season.
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