- Telcos have informed the PMO that they will not pick up Jio's calls, refusing the interconnect points Jio needs to connect on other networks. Escalating the telecom war, the letter from the telecom operators pointed out they don't have the financial resources or the network to meet the Jio demand for interconnect points. They accused Jio of attempting to pass its financial burden for voice calls to its competition. ET
- The State Bank of India is raising $1 billion through the sale of dollar-denominated bonds to foreign investors. It will become the first Indian lender to raise money by selling securities overseas. These bonds are 'perpetual' and carry no maturity date. LiveMint
- In an early signal that the festival season will see a sales boost, two-wheeler sales have taken off around Ganesh Chaturthi. Retail sales rose about 10% in August, while wholesale purchases grew 26%. FE
- India is aiming to reach zero petroleum imports soon, according to Union Minister Nitin Gadkari. The focus on natural gas and alternative fuels, including ethanol and bio-CNG, will he said, decentralize fuel production and enable growth in agri, he added. Firstpost
- Photo of the day: Chaos at Rahul Gandhi's 'khat sabha' as farmers in UP decamped with the cots. A 'khat' usually costs around Rs. 700-800. IE
