Google banned Android phone applications that could enable spying by secretly forwarding text messages to other phones without the owner's consent. India's inflation rate remained high in September at 8.62% due to high food prices, prompting concerns from the Finance Minister and expectations that the Reserve Bank of India will increase policy rates. Wal-Mart said it could open hundreds of stores in India if the government opened the country's retail sector to foreign investors. Some foreign investment funds were found to be selling shares on the listing day of IPOs to profit from initial gains rather than being long-term investors. Reliance Industries reported a 27.8% rise in quarterly profit beating estimates, boosted by higher gas output and improved refining margins