A look at the headlines in the sector right now:

  1. Wholesale Price Inflation rises to 3.74% in August, but prospects of an RBI rate cut appear bright: Analysts expect inflation rates will go down as a bumper harvest is expected after most parts of the country had a good monsoon.
  2. Reliance Jio refutes allegation that its users will 'adversely impact' Airtel's network: However, the RIL-owned telecom company also welcomed its rival’s offer of more points of interconnection to meet the TRAI’s standards.
  3. Bayer to acquire Monsanto for $66 billion in largest ever acquisition by a German firm: The deal includes a fee of $2 billion in case the acquisition does not get regulatory approval. It is expected to close by the end of 2017.
  4. Cauvery dispute caused losses of Rs 25,000 crore in Karnataka, finds Assocham: The industry body said the protests and bandhs observed in the state had tarnished the image of Bengaluru as the Silicon Valley of India.
  5. Google, Apple may have to embed Aadhaar into their technology: The Unique Identification Authority of India wants devices registered with the biometric identity program.
  6. Facebook, Google seek US Congress support for change in control over internet domain names: Many tech giants said in a letter that the transition of the web's supervision to the 'multi-stakeholder model' was needed for economic and national security.
  7. Twitter to redefine its 140-character limit soon, not count media attached to tweets: User handles, photos, GIFs and other additional items will not be counted as characters.