A look at the headlines in the sector right now:

  1. An inclusive financial sector is important for economic efficiency, says Raghuram Rajan: The Reserve Bank of India governor said the Aadhaar Enabled Payment System will help extend financial services beyond the large borrowers.
  2. Asian Development Bank projects 7.4% growth for Indian economy in 2016-17: Morgan Stanley also revised its growth estimate for this year from 7.5% to 7.7%.
  3. HUL reports 9.7% rise in Q1 profits: However, the sales volume for the FMCG major only grew by 4% in the three-month period against last year.
  4. ONGC, Oil India to pay additional royalty worth Rs 6,700 crore to states: These government-owned explorers have been asked to pay compensation at pre-discount rates with effect from February 1, 2014.
  5. Green tribunal bans all diesel vehicles more than 10 years old in Delhi: The green court had earlier asked the registration of 15-year-old vehicles in the capital to be cancelled.
  6. Android users can now save Facebook videos and view them offline: The clip can only be accessed from the “Saved” section of the social media site’s mobile app.
  7. Popular video game Overwatch faces flak for 'sexualising' Hindu goddess: Rajan Zed, a self-proclaimed ‘religious statesman’ in the US, has written to the makers Blizzard Entertainment asking for the ‘Devi skin’ to be removed.