A look at the headlines in this sector right now:

  1. Reliance Industries faces $1.2-billion penalty in row with ONGC over migrated gas: Mukesh Ambani's RIL is believed to have exploited natural gas that migrated to its KG-D6 block in the Bay of Bengal from the state firm's adjacent asset.
  2. Centre looks to bring in transparency through new Real Estate Act rules in five union territories: The regulations will enforce stricter norms to monitor the sector, to ensure that the interests of both buyers and developers are safeguarded.
  3. Maruti sold 1.23 lakh cars in India in October, up 2.2% from last year on the back of festive demand: The boost came from the company's utility section – which include the Brezza and Ertiga – though the sale of its lower-end cars such as the Alto declined.
  4. Study finds racial discrimination in services of ride-hailing apps Uber and Lyft in United States: Researchers suggested removing names of passengers and drivers and raising financial disadvantages for driver cancellations to address this.
  5. Twitter's Asia Pacific vice president, Rishi Jaitly, quits: His resignation came at a time when the company's revenue growth nosedived for the eighth quarter with its user base stagnating.
  6. Infrastructure industries grew 5% in September, the highest in three months: The eight core trades from which the percentage is compiled make up nearly 38% of the items included in the Index of Industrial Production.
  7. After Mistry allegations, AirAsia says it is probing former executives for irregular expense claims: The former Tata group chairman had said that a forensic investigation of the airlines accounts revealed fraudulent transactions worth Rs 22 crore.