A look at the headlines in the sector right now:

  1. Facebook tops $2 billion in quarterly profit, posts 5.4% hike in shares: The company posted an 80% rise in revenue from mobile ads in the second quarter of the financial year.
  2. Arun Jaitley meets leaders of SP, TMC, Left parties to push GST Bill: The Bill seeks to introduce a system of uniform taxation across the country and has been pending for a long time.
  3. Government extends indefinitely the July 31 deadline for public servants to declare their assets: The Centre brought officebearers in NGOs that get more than Rs 1 crore government aid and more than Rs 10 lakh in foreign donations under Lokpal Act's purview.
  4. Government trusts Gautam Adani with countering China-Pakistan's Gwadar port project: The Centre will grant the billionaire a Rs-16 billion loan to help the new port at Vizhinjam win business from established hubs across Asia.
  5. Snapdeal integrates Uber into its app: With the new update, one can book cabs, flights, order food and pay bills directly through the platform.
  6. Pinewood Studios, where Harry Potter and James Bond films were shot, may be sold for £323 million: Pinewood Group announced that it had reached an agreement with a subsidiary of PW Real Estate Fund on 'key terms of a possible cash offer'.
  7. 403 road projects worth Rs 3.85 lakh crore pending, says Nitin Gadkari: The Road Transport and Highways Minister said work orders for these projects were issued before encroachments were removed or forest and environment clearance given.