1. 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.
  2. 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.
  3. 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.
  4. 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. 
  5. 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. 
  6. 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.
  7. 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. 
  8. 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.