A look at the headlines in the sector right now:

  1. Reliance Jio in the limelight as telecom industry readies for spectrum auction: The seven participating companies may spend up to Rs 40,000 crore at the auction that starts on Saturday, an analyst said.
  2. Deutsche Bank shares touch record low after reports of customers withdrawing billions surface: Germany's biggest lender issued a memo to its employees reassuring them of its financial position and guiding them on dealing with client queries.
  3. Bengaluru-based bitcoin company Unocoin Technologies raises $1.5 million from domestic, US investors: This is the highest amount raised by any Indian startup that deals with the digital currency.
  4. The Rosetta spacecraft will collide with comet 67P to end its 12-year journey today: The decision to crash-land was taken after scientists realised there is very little solar power left to operate it.
  5. Consumers spending is expected to go up by 25% this festive season, predicts Assocham: Last year, sales and purchase of Rs 20,000 core was recorded during the same time.  
  6. Apple to soon open its first research and development centre in China: The technology giant has invested $45 million to set up the facility. 
  7. India’s fiscal deficit between April and August reaches 76.4% of the financial year’s target: The deficit was 66.5% of the year's target during the same period in 2015.