Top headlines: Govt tries to revive mobile mkt, setting up GSTAT, and more

Business Standard brings you the top headlines at this hour

Chinese companies may have to exit sub-Rs 10,000 mobile market

The government is busy strategising ways to revive the domestic mobile device industry as Chinese firms have grabbed a large chunk of the handset market. The idea is to minimise competition from Chinese mobile players in the entry level or sub-Rs 10,000 category, according to a senior government official familiar with the plans. Read more...

Trade settlement in rupee: Fearing sanctions by West, banks seek clarity

Banks have raised concerns over the new international trade settlement in rupee, fearing that facilitation of such a mechanism could result in them facing