A look at the headlines in the sector right now:

  1. India’s GDP growth rises to 6.3% for the second quarter of 2017: The economy’s growth rate picked up after falling for five consecutive quarters.
  2. Fiscal deficit till October was 96.1% of government’s target for current financial year: The fiscal deficit was lifted in October by an increase in expenditure.  
  3. Debate on GST rate for sanitary napkins is ‘ill-informed’, says Finance Minister Arun Jaitley: He also said that achieving a 10% economic growth rate was ‘very challenging’.         
  4. Sensex falls over 450 points, Nifty finishes at 10,222, rupee weakens against the US dollar: Bharti Airtel, Larsen & Toubro were the top gainers on the Sensex, while GAIL, Bosch and Indiabulls Housing Finance rose the most on Nifty.
  5. Centre makes it mandatory for all smartphones sold from January 1, 2018, to be GPS-enabled: The Department of Telecommunications, however, made an exemption for feature phones.
  6. State Bank of India raises interest rates on term deposits of above Rs 1 crore: However, the state-owned lender reduced rates on deposits below the amount.  
  7. Union minister Suresh Prabhu said India is poised to become world’s third largest economy: The Commerce and Industry minister said the Centre wants to take manufacturing in the country to 20% of the GDP.