A look at the headlines in this sector right now:

  1. Karnataka government focuses on making entertainment, alcohol and food cheaper in budget: The Siddaramaiah government will spend Rs 100 crore to set up canteens that will provide breakfast for Rs 5, and lunch and dinner for Rs 10 in Bengaluru.
  2. Markets close flat ahead of US Federal Reserve announcement tonight: The rupee strengthened and surged to a 16-month high against the US dollar on Wednesday.
  3. Stayzilla chief Yogendra Vasupal arrested in Chennai after ad agency cries fraud: The CEO and co-founder of the homestay aggregator, which shut shop last month, has accused Jigsaw Advertising of harassment and intimidation in a blog post.
  4. Tata Sons hires investment banker Ankur Verma to chairman’s office: The former managing director at Bank of America is expected to bring ‘extensive experience in the areas of corporate planning and mergers and acquisitions’.
  5. India’s wholesale inflation rises to 6.5% in February, highest since November 2013: The surge in the index is on the back of higher prices of fuel, minerals and food prices.
  6. Farm loan waivers may disrupt credit discipline among borrowers, says SBI chief: People who get the benefit have expectations of similar considerations in the future and loans often remain unpaid, said Arundhati Bhattacharya.
  7. Centre may soon allow you to withdraw 90% of EPF to buy a home: The amendment will also let the Employees’ Provident Fund Organisation subscribers use their accounts to pay home loan instalments.