A look at the headlines in the sector right now:
- Intas Pharmaceuticals to buy Actavis' UK, Ireland business from Israel’s Teva for £600 million: The acquisition is the biggest Indian investment in Britain after the Brexit vote.
- Replaced Samsung Galaxy Note7 model catches fire on US flight, triggers evacuation: The Federal Aviation Administration established that the smartphone caused smoke on the aircraft, but Samsung said it could not confirm that.
- Sensex closes 114 points lower, Nifty by 34 as profit booking continues: The banking, auto and IT sectors saw the biggest losses of the day, while energy stocks did well in the day's trading.
- Twitter's shares fall 9% after reports that Google does not plan to buy the micro-blogging platform: The report by Recode also said that Apple and Disney were both unlikely to make bids to buy the social network.
- Nissan will launch eight new car models in India by 2021: 'Maybe we have not differentiated enough in the past,' said Christian Mardrus, the company's chairman for Africa, Middle East and India.
- Facebook Messenger's end-to-end encryption now available for all users: The feature was first introduced to the social network's users in August.
- Finance Ministry keen to present budget on February 2 or earlier: It is considering presenting the general budget between January 30 and February 2 with a view to completing the whole process by March 31.
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