A look at the headlines in the sector right now:

  1. Stocks of oil refiners help markets snap three-day losing streak: The companies gained because of a fall in crude prices overnight.
  2. After a year of negotiations, Apple agrees to develop anti-spam ‘Do Not Disturb’ app for government: The company was concerned that the application, which allows people to report unsolicited marketing texts and calls, would harm the privacy of its users.
  3. Indian companies created over 1.13 lakh jobs in the US, finds study: The report, released every two years, comes at a time when the Trump administration is putting in place policies to protect American workers.
  4. Cabinet approves setting up of National Anti-profiteering Authority under GST: The authority will ensure that consumers are protected from arbitrary increases in prices in the name of the Goods and Services Tax.
  5. Twitter will remove verified status of users who post racist and violent messages: The social media company was criticised last week for adding a blue badge to white nationalist Jason Kessler’s profile.
  6. Nandan Nilekani to be technical partner in Microsoft co-founder Bill Gates’ new philanthropy venture: Co-Impact will invest $500 million in healthcare, education and economic opportunity.
  7. Supreme Court asks Chhattisgarh government to show files related to AgustaWestland chopper purchase: The Bharatiya Janata Party-led state government allegedly got commissions for a helicopter deal in 2007.