A look at the headlines in the sector right now:

  1. Diesel cars with engines of 2,000cc or above can be sold in Delhi-NCR with a 1% green tax, says SC: The apex court has asked the Central Pollution Control Board to open an account in a public sector bank to collect the environment cess.
  2. Aditya Birla Nuvo and Grasim Industries Limited set to merge into combined entity worth $9.4 billion: After it is completed, Aditya Birla Financial Services Ltd will be become a separate listed company through a few schemes of arrangement.
  3. New FDI limit has increased foreign capital inflow into insurance sector, says IRDAI chairman: According to TS Vijayan, around Rs 16,000 crore has come in so far.
  4. Government earmarks Rs 50,000 crore for river-front development: Nitin Gadkari made the announcement while flagging off two vessels from the Aghoreshwar Bhagwan Ram Ghat in Varanasi.
  5. Ramdev ties up with four radio networks to promote his Patanjali Ayurved: During a 15-day campaign, the company is expected to spend around Rs 1.5 crore.
  6. Draft standards on instant noodles up for public viewing: Minister of State for Health Faggan Singh Kulaste said that the Food Safety and Standards Authority of India has specified the raw materials that can be used for manufacturing as well as seasoning.
  7. Umang Vohra named Cipla's managing director and global CEO: The company also named Samina Vaziralli as the next executive vice chairperson. The two will assume office from September 1.