- Telecom operators are alleging that Reliance Jio's free trials to subscribers are choking their own networks, as Jio users call customers on other networks for free. In a letter to the telecom secretary, telcos are alleging predatory pricing by Jio. BS
- Non performing assets rose in all three state run banks that reported their quarterly results yesterday, with IOB and UCO also declaring losses. LiveMint
- Marc Faber, economic writer and editor, says he would rather invest in India than US for the next decade, considering India's higher growth prospects and economic outlook. ET
- Retailers are clamoring for action against e-commerce players like Amazon, Flipkart and Paytm for allegedly violating FDI norms. The DIPP however says it lacks the authority to enforce regulations against these companies. FE
- Photo of the Day: Indian rower Dattu Baban Bhokanal has entered the quarterfinals of the rowing competition at the Rio Olympics, and will be competing for a berth in the semi-finals. Reuters
