A look at the headlines in the sector right now:

  1. ICICI Prudential Life Insurance IPO opens for bidding today, Rs 6,057 crore shares on offer: Of the 18.13 crore equity shares that are up for public offer, 10% is reserved for shareholders of ICICI Bank, who hold 68% stake in the company.
  2. Sensex, Nifty gain for fourth straight day as investors wait for central bank meetings in US, Japan: The Bombay Stock Exchange ended at 28,634 and the National Stock Exchange closed trading 0.33% higher at 8,808.
  3. Swiggy raises $15 million from Bessemer Venture Partners and others in fourth round of funding: Company officials said the money will be used to upgrade the technology, rope in more restaurants and improve their delivery system.
  4. Florida resident sues Samsung after Galaxy Note7 handset allegedly explodes in his pocket: The lawsuit, which has demanded $15,000 in damages, says Jonathan Strobel suffered “deep second-degree burns” because of the incident.
  5. Google, Yahoo and Bing introduce an auto block system to filter out sex determination content online: The companies have identified keywords to add to the programme so no information shows up when people run a search for them.
  6. Suresh Subramanian appointed as senior vice-president for Biocon’s branded formulations in India: The division focuses on areas diabetes and autoimmune condition research. Subramanian has earlier worked with pharmaceutical companies such as GlaxoSmithKline and Novartis.
  7. CBDT begins sending mobile messages to assessees for Income Declaration Scheme, assures full confidentiality: The tax board’s move comes just 11 days before its compliance window under the Scheme closes.