A look at the headlines in the sector right now:

  1. Wholesale inflation rises by 1.62% in June, prompted by vegetable price rise: This, along with rising retail inflation, has made a rate cut by RBI unlikely at its next policy meet on August 9.
  2. Banks move Supreme Court against Vijay Mallya for not disclosing his assests: The Debt Recovery Tribunal has said it cannot recover Diageo's $75 million from the liquor baron.
  3. Crude oil prices rise after facing significant losses in last session: However, experts believe that this hike will be limited, given the glut in global oil market which is expected to stay for a while.
  4. Defaulters who declare undisclosed income cannot pay taxes from their black money: The I-T Department has warned that such acts to lower their liability won't grant declarants immunity from scrutiny, as had been promised by Arun Jaitley.
  5. Tata Consultancy Services Q1 profit rises to Rs 6,320 crore, amid cloud, mobile push: Tata Consultancy is keeping costs low and taking advantage of its leadership in several key segments like financial services and retail.
  6. Government extends black money tax payment date till September 2017: Earlier the tax, surcharge and penalty under the black money disclosure window were required to be paid by 30 November this year.
  7. Pokemon Go blamed for crimes but also aids embattles US police: The game was the most downloaded free app on Apple's app store, and Nintendo shares surged nearly 25 percent on Monday.