A look at the headlines in the sector right now:

  1. Reserve Bank of India keeps key repo rate unchanged at 6.25%: Governor Urjit Patel said the Monetary Policy Committee wanted to keep the rate on hold until further clarity that is expected to ‘emerge with coming data’.
  2. Narendra Modi Cabinet to decide on allowances for central government employees: The Seventh Pay Commission recommended a 14.27% hike in basic pay for central government employees, the lowest in 70 years.
  3. Consumer body asks Sahara to pay over Rs 1.43 crore for not giving possession of bungalow: Sahara Prime City Ltd was supposed to have given the complainant the property by May 2012, but did not even finish constructing it.
  4. Plastic rice allegedly being sold in Andhra Pradesh and Telengana: Rumours went viral on social media that plastic rice was being sold on a large-scale at various stores in Andhra Pradesh.
  5. WhatsApp will add new feature allowing users to recall messages within a five-minute window: Users will be able to retract texts, images, GIF files, documents, quoted messages and status replies within a five-minute window.
  6. Uber fires more than 20 employees, including senior executives, after sexual harassment probe: The company said of the 215 complaints that law firm Perkin Coie received, at least 47 were related to harassment.
  7. Adani’s mine decision nothing but a ‘stunt to grab public funds’, say Environmental groups: Greenpeace Australia said Adani was yet to confirm financing for the project.