- Another big IPO is coming in October, with PNB Housing Finance planning to launch a Rs 2,500 crore listing, the second largest in 2016 after ICICI Prudential's upcoming Rs, 6,000 crore IPO. In 2015-16, it reported Rs2,699.54 crore revenue, a jump of 51%. LiveMint
- The Reliance Communications announcement, of the merger of its wireless operations with Aircel pushed shares up in early trading. The combined firm will be worth over Rs. 65,000 crore, and the second-largest spectrum holding in India. Reliance Communications just reported a net loss of Rs. 559 crore for the June quarter. FE
- Apple and Google are battling the government over adoption of Aadhaar-based fingerprint and iris-scan authentication into their systems. Government officials had invited executives from Apple, Microsoft, Samsung and Google to discuss embedding Aadhaar encryption into their software and devices. Apple didn't show up at the meeting. BS
- A Rs.20,000 crore outlay in advertising is coming up for the festival season, a 12% increase from the previous year. Two-wheeler and consumer durable companies targeting tier 2 and tier 3 cities are expected to lead the ramp-up in spending. ET
- Photo of the Day: Devendra Jhajharia wins two golds in the javelin throw and breaks the world record at the Rio Paralympics. IE
