A look at the headlines in the sector:

  1. Tata Sons buys stake worth over Rs 3,200 crore in three companies of the group: With this, it hopes to reduce cross-holding of Tata Group companies and simplify structure.  
  2. Trai cuts call termination charges by more than half, mobile operators oppose the move: A company levies an Interconnection Usage Charge on its rival when a user ends a domestic call on their network.  
  3. CBI special court defers hearing in 2G spectrum scam case to October 25: The court said the date of judgment will be finalised on the next date of hearing.  
  4. Eighteen McDonald’s outlets in Delhi resume operations: Forty-three outlets of the fast food chain in the city were shut since June because their licences were not renewed.  
  5. Markets finish flat as investors remain wary of US Federal Reserve decision on rates: Shares of Reliance Industries jumped to a record high of Rs 872 during afternoon session after Trai slashed call termination charges.  
  6. Supreme Court asks Unitech to pay Rs 80,000 each as litigation cost to 39 flat buyers: The buyers had sought a compensation of Rs 1 lakh each towards mental agony and litigation cost for not receiving the flats they had bought.  
  7. Ratan Tata, Lakshmi Mittal and Vinod Khosla on Forbes’ list of ‘100 Greatest Living Business Minds’: The magazine included the trio in a list in its special centennial issue.