A look at the headlines in the sector right now:

  1. Amazon’s sales may have overtaken Flipkart’s in July, reports Mint: The business daily clarified that the figures reported by Flipkart did not include revenues from Myntra or Jabong. 
  2. Airlines ask Centre to allow them to avoid Pakistan airspace: The Times of India reported that security concerns stemming from deteriorating relations between the two countries and rising cost were the driving factors for the request.
  3. GAIL (India) shares soar after signing green pact with Bloom Energy: According to the Memorandum of Understanding, the two companies will use a technology that will generate electricity with lower emission levels.
  4. Stock markets close slightly higher, IT stocks gain after 6 days: The Bombay Stock Exchange’s IT index closed 1.5% higher after companies including Infosys and Wipro saw share gains.
  5. Google begins official rollout of Android 7.0 Nougat: Earlier, the California-based company had released 5 Developer Previews of the latest iteration of its mobile operating system.
  6. Central Board of Direct Taxes considering banning cash deals above Rs lakh: The Board’s chairperson said that the government is considering the move after its recommendation by a Supreme Court-appointed SIT on black money.
  7. Internet celebrates 25th birthday: Websites around the world celebrated the 25th anniversary of the first web page posted by Sir Tim-Berners Lee on this day in 1991.