A look at the headlines in the sector right now:

  1. Reliance Jio can only offer welcome benefits to subscribers who sign up before December 3, says Trai: The regulator told telecom operators that the Mukesh Ambani-owned company’s revised free services plan was consistent with its guidelines.
  2. Finance Ministry seeks information on ATM security breach, banks block over 32 lakh debit cards: The National Payments Corporation of India said 641 customers and 19 banks had complained of fraudulent withdrawals amounting to Rs 1.3 crore.
  3. Centre's new UDAN scheme aims to cap fares for one-hour flights at Rs 2,500: Airlines had expressed their displeasure at sharing the burden of funding the scheme after the government imposed a levy on scheduled flights on major routes.
  4. HCL Technologies to acquire Butler America Aerospace for $85 million: The deal is likely to be completed by December 31.
  5. Reliance Industries records near 23% drop in Q2 consolidated net profit: Its consolidated revenue, however, climbed 9.6% year on year to Rs 81,651 crore, on the back of good performances in the petrochemicals and refining sectors.
  6. Microsoft opens cyber security centre in India, wants to help cops nab cyber criminals: The Delhi branch is the tech giant's seventh such center in the world, which will function as a satellite to the company's Redmond Digital Crimes Unit.
  7. Biocon's net profit rises 52% to Rs 147 crore for September quarter; shares up: The gains can be attributed to the company's growth in small molecules, biologics and research services.