A look at the headlines in the sector right now:

  1. Cabinet approves formation of Goods and Services Tax Council: The body will be chaired by Finance Minister Arun Jaitley and will decide on the tax rate as well as central, state and integrated laws.
  2. Sensex ends 443 points lower, Nifty down 151 in biggest fall since Brexit vote: The BSE index saw a 550-point drop earlier in the day, following talk of the US Federal Reserve raising its interest rates as early as next week.
  3. Snapdeal unveils new logo and tagline as part of rebranding efforts: The Gurgaon-based company will spend Rs 200 crore on marketing in the next two years.
  4. Indirect tax collections rise by 27.5% to Rs 3.36 lakh crore in August: The spike comes on the back of an increase in excise revenues, while the government has achieved 43.2% of its annual collection target so far.
  5. BSNL, Vodafone ink roaming agreement to enhance coverage, reduce call drops: The deal comes ten days after Mukesh Ambani’s Reliance Industries Limited launched Jio, its own mobile network.
  6. Domino's will serve only vegetarian food during Navratri in half its outlets across the country: The new menu will feature no onions, garlic or grains, and instead have pizza bases made of singhara atta (water chestnut flour) and saabudana crispies.
  7. WhatsApp introduces Snapchat-like doodling options and selfie flash on Android Beta version: The instant messaging service is also working on developing a video calling feature, besides gif support for its platform.