News digest: Trade war, stock markets, smartphone penetration, and more

From global trade war to Raghuram Rajan, BS brings you top stories to keep up with the latest news

Global trade war spooks markets; Sensex dips 1.2%, Nifty lowest since Oct
 
The Indian markets came under pressure on Friday amid a sell-off in global equities due to escalating trade tensions between the US and China. The feud between the two largest economies of the world raised concerns of slowing global economic growth and weak corporate earnings. Read more here
 
Battle for Essar Steel: ArcelorMittal removed as promoter of Uttam Galva
 
ArcelorMittal has been declassified as a promoter of Uttam Galva Steels from the stock exchanges, a technical procedure that made it ineligible as