- Urjit Patel takes charge as the 24th governor of the Reserve Bank of India: The 53-year-old has worked with the International Monetary Fund, in addition to acting as a consultant for the Finance Ministry between 1998 and 2001.
- Railways to set up a regulatory body and an infrastructure development fund soon: Around 20% of the $5-billion fund, which will be anchored by the World Bank, will come from the ministry.
- Stock markets shut on Monday on account of Ganesh Chaturthi holiday: The Bombay Stock Exchange index ended 108 points higher at 28,532 on Friday, while Nifty50 Index of the National Stock Exchange closed 35 points higher at 8,809.
- Oil jumps with speculation of producers cooperating to address weak prices: Crude oil futures increased drastically with talk about major producers such as Saudi Arabia and Russia collaborating to control oversupply.
- Raghuram Rajan cautions against imposing low interest rates to increase growth: The former Reserve Bank of India governor said low interest rates should not be used as substitute for reforms needed for economic growth.
- Tatas tell DoCoMo they will pay according to Indian law provisions: Tata Sons told its former partner, NTT DoCoMo, that it was confusing the terms 'intent to pay' with what is "legally payable" by the Indian company.
- Airtel, Vodafone, Idea choose social media platforms to improve consumer experience: India's major telecom service carriers are incorporating data analytics and web-crawling tools to comprehend client behaviour patterns.
- BSNL launches Rs 249 unlimited broadband plan for new clients: Analysts say the launch is an attempt to counter Reliance Jio's low introductory data prices.
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