A look at the headlines in the sector right now:

  1. Wholesale inflation went up by 3.35% in July, the highest in nearly two years: A spike in the price of food items such as vegetables and fruits caused the escalation, experts said.
  2. Petrol prices cut by Re 1 per litre and diesel by Rs 2 per litre: In Delhi, a litre of petrol will now cost Rs 60.09, while the same quantity of diesel will be Rs 50.27.
  3. Google launches video-calling app Duo, which will compete with FaceTime and Skype: The California company said the service would be made available on both its own Android handsets as well Apple’s iOS-based iPhone.
  4. Larsen and Toubro bags contract to help make Nagpur a smart city: The Maharashtra government made the appointment official on Tuesday.
  5. New law stipulates up to seven years of rigorous imprisonment for benami transactions: Apart from the offender, a person who gives false information may also get a five-year term and a hefty fine.
  6. SoftBank Group Corp invests Rs 413 crore in Oyo rooms: The Oravel Stays-owned company has filed documents with the Registrar of Companies that reveal the deal was clinched on July 22.
  7. Transaction cost of payments through cards to be borne by the government: The move has been initiated to promote a cash-less economy.