Infosys has moved top management into key roles in mergers and acquisitions, and large deal-making. The shift is likely an acknowledgement that Infosys needs to quickly acquire companies in the AI and automation spaces to manage industry shifts that are slowing down its growth. ET
RBI Governor Raghuram Rajan said that recent calls to depreciate the rupee to boost the country's exports - a strategy that China used often through the 2000s to enhance low-cost exports - would be counter-productive for India. Such a move he said, would increase inflation. FE
The co-founder and former CEO of Jabong Praveen Sinha is the target of an anonymous twitter account, Unicon Baba. The account has leaked what it claims are excerpts of an internal PWC report; the report suggests that Sinha will soon have charges brought against him for siphoning over Rs. 100 crore from the company. LiveMint
JSW Energy has formally acquired Jaiprakash Power's Bina power plant for Rs 2,700 crore. This is one among multiple recent acquisitions by JSW Energy, which will up its total capacity to over 6000 Mw. BS
Photo of the Day: Salman Khan and AR Rahman give India's Rio Olympics contingent a send-off at an event in Delhi. IE
