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Perspective
What to expect from the new RBI Governor

There is relatively more 'peace' in the market when new Reserve Bank Governor Urjit Patel is taking over as the 24th Governor. But Patel has challenges of an altogether different nature as he is presiding over RBI at a time when many of the earlier initiatives are either 'work in progress' or need nurturing. 

 
 
Flipkart had also been reported to having dismissed 700 employees to cut costs, though the company clarified that it had done so to weed out underperformers.
After much haggling and a near 10-year delay, the "revolutionary" Goods and Services Tax (GST) Bill was passed in the upper house of Parliament on Wednesday.
The Telecom Commission has reportedly decided to stick to its weighted average formula for the controversial spectrum usage charge (SUC) rates.
Verizon had acquired AOL last year and together with Yahoo, the telecom company could transition from being a "dumb" network to a content-rich one.
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