A look at the headlines in the sector right now:

  1. NSEL scam: ED arrests Jignesh Shah for non-cooperation in money-laundering case: The FTIL chief, who is supposed to be questioned in connection with the Rs 5,600-crore fraud, was taken to a hospital on Wednesday.
  2. Retail inflation hit 22-month high in June, shows government data: Rural parts of the country recorded a higher inflation at 6.2% compared with urban centres, where the inflation was at 5.26%.
  3. Government to sell 15% stake in National Buildings Construction Corporation Limited: The Centre is reportedly hoping to earn Rs 1,706 crore from the stake sale. 
  4. Indiabulls group shares fall as I-T officials raid company offices: Indiabulls Housing Finance said tax department personnel ‘came to some of our offices to check our books in the normal course’.
  5. Stop playing Pokemon Go at the US Holocaust Memorial Museum, authorities tell visitors: The Arlington National Cemetry in Washington has also put out a similar notice about the augmented reality game.
  6. Ten lakh bank employees to go on strike on July 29: The United Forum of Bank Unions has called a one-day strike on July 29 to oppose the Centre’s banking reform policies.
  7. British oil explorer claims tax dispute with India hurt business, seeks Rs 37,400 crore compensation: Cairn Energy also declared that India ‘failed to uphold its obligations’ under the UK-India Investment Treaty by not giving its investments ‘fair treatment’.