India's state-owned fuel retailers - IOC, BPCL and HPCL - will implement daily revision of fuel prices at petrol pumps in five cities from May 1 ahead of a nationwide rollout. The five cities in the first phase will be Puducherry and Vizag in South India, Udaipur in the West, Jamshedpur in the East and Chandigarh in the North. This is the first time in India daily price revision will be attempted. It will be done digitally through a tech system, where prices can be changed from one central point. Previously, prices were changed every fortnight, with dealers waiting next to their phones at an appointed time to hear the next price update. 

The telecom giants are warring again, after Reliance Jio launched a new subscriber plan that rival Airtel called "old wine in a new bottle", saying that it closely resembles the plan that TRAI had asked Jio to withdraw from the market. The new plan launched by Jio offers 1 GB 4G data per day, as well as unlimited SMS and calling for three months at Rs 309 for its Prime members. Rs 509 offers subscribers double the data per day of the Rs. 309 plan. Airtel has asked TRAI to act against Jio. Vodafone had approached TRAI earlier this week, saying that Reliance Jio was inviting last-minute subscriptions to the Summer Surprise offer TRAI had asked the company to withdraw.

Stock in spotlight: Can Fin Homes is up 7% today as its share price hit a new 52 week high. The company released its shareholding details, which showed that institutional holdings in the stock have doubled from 0.67% in December '16 to 1.26% on March 31st, 2017. 

Photo of the day: A helicopter silhouetted against a full moon. John Locher/AP