A look at the headlines in the sector right now:
- India’s smartphone market records 5.2% growth in 2016 as demonetisation hits year-end sales: Samsung, Lenovo and Micromax were the top three mobile manufacturers in the country for the year, said a research and analytics firm.
- Tata Motors Q3 net profit falls 96% because of Jaguar Land Rover’s poor show: The October-December is the period when the company had faced controversies such as Cyrus Mistry’s ouster.
- Sensex ends 183 points down, Nifty slips below 8,800 as markets react to possible US Fed rate hike: Tata Motors’ share value fell by 10% after the company posted a 96% drop in its Q3 net profit.
- Disney, YouTube cut ties with web-based comedian PewDiePie over anti-Semitic videos: The Swedish artist defended himself by saying that his content was for entertainment only.
- Ola, Uber drivers continue their strike in NCR for the sixth day: State Transport Minister Satyendra Jain on Tuesday had met private cab owners and protesting drivers’ unions.
- BookMyShow’s parent company acquires 75% stake in ticketing and planning firm Townscript: BookMyShow CEO Ashish Hemrajani said the company would invest in scaling up Townscript’s operations.
- WhatsApp beta for iOS shows Snapchat Stories-like feature for status messages: Instead of a message, the app will allow users to upload photos and video stories.
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