A look at the headlines in the sector right now:

  1. Reliance Communications, Aircel look to raise $1 billion for expansion after merger: The new entity will begin with a debt of $4.2 billion, according to executives from the Anil Ambani-owned company.
  2. With just 6% women on its rolls, Tata Steel wants to hire 5,500 more by 2020: The company is also planning to hire 100 candidates with disabilities every year.
  3. State-run banks need greater initiative to check NPAs, says Arun Jaitley after holding performance review: The finance minister, who met the heads of public sector banks, said they had taken measures to improve the state of non-performing assets.
  4. Petrol prices up by 58 paise, diesel cheaper by 31 paise a litre: This means petrol will cost Rs 64.21 a litre and diesel Rs 52.59 a litre in Delhi.
  5. Chinese government permits formation of trade body to promote investments in India: The China India Business Council will also set up offices in New Delhi and Hyderabad.
  6. Lenovo trolls Apple in promotional video for Moto Z, tells users to ‘skip the sevens’: The Chinese company is using the campaign to promote the modular features of its newly-released range of smartphones.
  7. US announces formal recall of 1 million Samsung Galaxy Note7 phones: The agency found that there have been 92 cases of battery explosion in the country, besides 26 incidents of burns and 55 reports of property damage.