- New RBI chief Urjit Patel has an old problem to grapple with - how to get state banks to reduce borrowing costs for customers. While RBI cut lending rates for banks, these banks have matched the cuts by around half, not transmitting the benefits of cuts to customers. Firstpost
- Sachin Bansal made an unusual admission for senior management, saying that his weak performance had led to him being replaced as CEO of the company. Flipkart has been reeling under competition from Amazon, reduced valuations and layoffs. ET
- Cement companies in India have benefited recently from lower power and fuel prices. Valuations have gone up and operating margins have improved. LiveMint examines how much upside is there in the sector.
- Infosys' disappointing quarterly results are taking a toll on the company with more job cuts coming. The recent cancellation of the RBS contract that Infosys was banking on, is likely only the beginning of the Brexit fallout for Indian IT services firms. FE
- Photo of the Day: Performers take part in the closing ceremonies of the Rio Olympics today. REUTERS/Edgard Garrido
