A look at the headlines in the sector right now:

  1. Flipkart, Paytm founders lead $1-million investment round for online learning platform Unacademy: The startup, which claims to have grown to 1 million video views a month, had secured $500,000 in funding just four months earlier.
  2. ED issues summons to Nalini Chidambaram over Saradha scam after accused Sudipta Sen names her: The former finance minister’s wife was summoned in connection with fees paid to her by Manoranjana Sinh, the estranged wife of scam-accused Matang Sinh.
  3. Railways revises freight rates for coal, hikes charges for medium distances: It also imposed a fee of Rs 55 per tonne at loading and unloading terminals of coal for distances more than 100 km, making transporting coal more expensive.
  4. TCS settles lawsuit with California’s Orange County for $26 million: In 2013, the county had sued the Indian company for allegedly making “a series of false promises and intentional misrepresentations” while bidding for a contract.
  5. Cabinet clears draft Bill seeking ‘complete ban’ on commercial surrogacy: The proposed law will allow childless couples to seek help only from a close relative and also bar foreigners and expatriates from having surrogate babies.
  6. Google begins official rollout of Android 7.0 Nougat: Earlier, the California-based company had released 5 Developer Previews of the latest iteration of its mobile operating system.
  7. Amazon’s sales may have overtaken Flipkart’s in July, reports Mint: The business daily clarified that the figures reported by Flipkart did not include revenues from Myntra or Jabong.