A look at the headlines in the sector right now:

  1. Global trade to grow by 1.7% in 2016, slowest since 2009 financial crisis: World Trade Organisation: The fall led by slowing GDP and trade growth in countries such as Brazil and China should 'serve as a wake-up call', the global body said.
  2. Google aims to take public Wi-Fi beyond railway stations in India with two new projects: The technology giant announced Google Station and Youtube Go on its 18th anniversary.
  3. Paytm buys education technology startup Edukart: The founder of the company, Ishan Gupta, and his 50-member team were 'acqui-hired' by the online payment and shopping site.
  4. Centre sends showcause notice to 21 e-commerce firms for selling used phones, electronic equipment: The Union Environment Ministry has asked these companies like Amazon India, Snapdeal to respond within 15 days, failing which strict action will be taken.
  5. Sensex, Nifty fall for third straight day, banking sector prominent loser: Capital goods stocks were the worst affected in trading.
  6. Windows 10 runs on 400 million devices, says Microsoft: This brings the tech giant closer to its target of operating on 1 billion active devices by the 2018 financial year.
  7. Ola reduces share cab fares by up to 45%: The taxi aggregator has also extended the share service to three more cities – Ahmedabad, Chandigarh and Jaipur.