A look at the headlines in the sector right now:
- NSEL scam: ED arrests Jignesh Shah for non-cooperation in money-laundering case: The FTIL chief, who is supposed to be questioned in connection with the Rs 5,600-crore fraud, was taken to a hospital on Wednesday.
- Retail inflation hit 22-month high in June, shows government data: Rural parts of the country recorded a higher inflation at 6.2% compared with urban centres, where the inflation was at 5.26%.
- Government to sell 15% stake in National Buildings Construction Corporation Limited: The Centre is reportedly hoping to earn Rs 1,706 crore from the stake sale.
- Indiabulls group shares fall as I-T officials raid company offices: Indiabulls Housing Finance said tax department personnel ‘came to some of our offices to check our books in the normal course’.
- Stop playing Pokemon Go at the US Holocaust Memorial Museum, authorities tell visitors: The Arlington National Cemetry in Washington has also put out a similar notice about the augmented reality game.
- Ten lakh bank employees to go on strike on July 29: The United Forum of Bank Unions has called a one-day strike on July 29 to oppose the Centre’s banking reform policies.
- 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’.
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