A look at the headlines in this sector right now:

  1. Finance Ministry limits cash payment by government departments to Rs 5,000: All dues over this amount are to be made via e-payment facilities.
  2. Sensex closes 118 points up, Nifty by 42 as markets rebound from weak opening, Asian cues: The Euro currency dropped following Italian Prime Minister Matteo Renzi’s resignation.
  3. Paytm will separate its wallet and e-commerce businesses by early 2017: The digital wallet section of the company will be transferred to newly incorporated Paytm Payments Bank Ltd.
  4. RBI to issue new Rs 20 and Rs 50 notes, but you can still use the old ones: Urjit Patel’s signature will be on the new currency, though it is unclear when they will be released.
  5. WhatsApp to end support for several ‘outdated’ phones by December-end: Officials said its service would be incompatible with devices that use Android 2.1 and 2.2, as well as the iPhone 3GS/iOS 6.
  6. I-T department rejects two pre-demonetisation declarations of Rs 2 lakh crore, Rs 13,860 crore: The Finance Ministry said that an enquiry has been launched against these declarants.
  7. Apple confirms that it is developing self-driving cars: There have been rumours for long about the tech giant’s interest in entering a market that Google, Tesla, GE and Ford have been trying to consolidate.