We review the effects of new physics on CP asymmetries and decays of B mesons. Possible sources and corresponding signals for new physics are studied briefly. We discuss how the decay mode b → s ℓℓ (and B → K*ℓℓ) will enable us to understand the nature of new physics. We also examine the possibility of truly clean signature of new physics — a signature based on observables alone and without hadronic uncertainties.

This report summarises the work done during WHEPP-6 (Institute of Mathematical Sciences, Chennai, India, Jan 3–15, 2000) in Working group on ‘B and collider physics’.

We have identified some important and worthwhile physics opportunities with a possible neutrino detector located in India. Particular emphasis is placed on the geographical advantage with a stress on the complimentary aspects with respect to other neutrino detectors already in operation.

The rare decay $B \to K^{\ast}\ell^{+}\ell^{−}$ is a very significant mode to search for physics beyond the Standard Model (SM). The mode provides a very rich spectrum of observables obtained from the angular distribution ofits decay products. The recent LHCb measured values of these observables are used to conclude an evidence of right-handed currents at the kinematic endpoint of this decay mode. As the conclusion is drawn at the maximum dilepton invariant mass square $(q^2)$ kinematic endpoint, it relies only on heavy quark symmetries where it is valid without significant corrections.