A look at the headlines in the sector right now:

  1. Sensex breaches 32,000 mark, Nifty ends at new high of 9,892: ICICI Bank, ITC, Larsen & Toubro and Sun Pharma were the prominent gainers on the BSE index.
  2. Still counting notes deposited after demonetisation, says RBI Governor Urjit Patel: He appeared before a Parliamentary panel that will file a report on demonetisation before the Monsoon Session begins.
  3. TCS to wind up operations in Lucknow, move likely to affect 2,000 IT professionals: Staff members said they had been informed about the decision by their team leaders on Wednesday.
  4. Google does not have to pay €1.1-billion tax bill in France: A Paris court ruled that the company did not have a permanent establishment in France, so it was not liable to pay taxes between 2005 to 2010.
  5. Accused in Reliance Jio breach wanted to set up search engine with customer data, says report: The company, for the first time, had admitted in its police complaint that its systems had been compromised.
  6. Facebook’s Messenger Lite comes to India’s Android users: The 10MB app has been optimised for use on old or entry-level smartphones and slow internet speeds.
  7. Google acquires Bengaluru-based artificial intelligence startup Halli Labs: The four-month old company was founded by Pankaj Gupta who previously worked at Stayzilla.
  8. A Bengaluru union of former Ola, Uber drivers is planning to launch its own cab service in August: A Kolkata-based technology startup, which owns the TYGR app, is helping them with the project.