A look at the headlines in the sector right now:

  1. Sensex closes 181 points higher, Nifty above 8500: ICICI Bank, Tata Steel and Maruti Suzuki India were among the biggest gainers.
  2. British oil explorer claims tax dispute with India hurt business, seeks Rs 37,400 crore compensation: Cairn Energy also declared that India ‘failed to uphold its obligations’ under the UK-India Investment Treaty by not giving its investments ‘fair treatment’.
  3. Logging into Pokémon GO using a Google account gives developer Niantic ‘full access’ to your data: The company admitted the coding error on iOS devices and said it was working on limiting the access it requests to just user IDs and email addresses.
  4. Nirma to buy stake in cement manufacturer Lafarge India for $1.4 billion: LafargeHolcim, the world’s largest cement maker, said the deal was part of its divestment plan for 2016 worth 3.5 billion Swiss franc.
  5. Arvind Panagariya could be named the next RBI governor: The announcement on who will succeed Raghuram Rajan is expected to be made by July 18.
  6. Centre tells Delhi High Court it has ordered a police inquiry into Essar tapping case: The court was hearing a petition filed by Supreme Court lawyer Suren Uppal, who has sought an SIT investigation into the matter.
  7. Myntra acquires content aggregation start-up Cubeit: The online fashion store did not reveal financial details of its third such acquisition of a tech start-up.