A look at the headlines in this sector right now:
- Tata Sons says Cyrus Mistry’s claims in leaked letter unsubstantiated and malicious: ‘Trustees of the Tata Trusts were increasingly getting concerned with the growing trust deficit with Mr. Mistry,’ the group said in a statement.
- Dearness allowance hiked 2% for pensioners and government employees: The unions had demanded a 3% increase.
- Maruti Suzuki's stocks slip after reporting 60% rise in Q2 profit: India's largest automobile manufacturer also saw a 29% jump in income from operations year on year.
- Samsung posts 30% drop in operating profit after Galaxy Note7 recalls: The company's mobile division will now focus on 'expanding sales of new flagship products…as well as regaining consumers' confidence'.
- Carefully examine Rs 500 and Rs 1,000 currency notes before accepting them, says RBI: The bank said fake notes could be easily identified on close scrutiny, and urged the public to be careful about counterfeit currency.
- Airtel to approach Centre, Trai against proposed penalty of over Rs 1,000 crore: Trai had recommended a total fine of Rs 3,050 on Vodafone, Idea Cellular and Airtel for not providing interconnection points to the Mukesh Ambani-led company.
- Sensex, Nifty make marginal gains with help from banking and healthcare stocks: On Thursday, the Asian markets declined on the back of technology giant Apple's first fall in annual profits in 15 years.
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