A look at the headlines in this sector right now:
- Ratan Tata named interim chairman of Tata Sons as board replaces Cyrus Mistry: A selection committee has been formed to choose the next chief of the holding company.
- GST allows for online payment of taxes through debit, credit cards, says revenue secretary: Government official Hasmukh Adhia said dues could be transferred from private bank accounts too.
- Sensex hits two-week high in mid-afternoon trade: The banking and oil and gas sectors, as well as public sector units, were the major winners on Monday.
- AT&T will buy Time Warner in $85.4-billion deal: The companies are expecting to close the deal by the end of 2017, after the US Department of Justice reviews it.
- Adani Power reports lowered net loss of Rs 114.40 crore in Q2: India's largest private power producer cited reduced costs as a reason for the figure.
- BMW India and Ola enter strategic tie-up: To begin with, the luxury cars will be inducted into the fleet across Delhi, Mumbai and Bengalaru.
- S Bhaskar becomes the new executive director and CEO of Equitas Holdings: The company also appointed S Vasudevan to the post of chief financial officer
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