A look at the headlines in the sector right now:

  1. Low GDP growth is a matter of concern, says Finance Minister Arun Jaitley: He blamed the gap between the improvement in services and decline in manufacturing on the impact of the Goods and Services Tax.
  2. Adani Group ties up with Swedish defence company Saab to build fighter jets in India, says report: The deal to supply single-engine jets to the Indian military under the ‘Make in India’ banner was announced on Friday.
  3. Economist Rajiv Kumar takes over as Niti Aayog vice chairman: He was earlier a senior fellow at the Centre for Policy Research in New Delhi.
  4. Apple sends out invite for September 12 event at Steve Jobs Theater, likely to launch iPhone 8: The iPhone 8 and new versions of iPhone 7 will not feature the Touch ID fingerprint scanner, but instead use 3D sensors to enable facial recognition.
  5. Sensex ends at a three-week high, Nifty nears 10,000 again after a volatile week: Analysts believe that investors are hopeful of a rate cut by the RBI, given the low GDP growth in the first quarter.
  6. Facebook launches Watch video service for US users as it competes with YouTube for ad revenue: The new feature will curate TV shows and sports events and also have content specifically created for the social media network initially.
  7. Maruti Suzuki India reports 26% growth in domestic passenger vehicle sales in August: The rise was attributed to the festival season buying spree.