Kaushik Basu, whose stint at the World Bank ends on July 31, was being looked at as a serious contender, the sources said
Modi will also need to reconcile market demands with those from forces within his own administration
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
Even before Prime Minister Narendra Modi swept to power in 2014, Subramanian Swamy was agitating for Rajan's removal.
Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
The six AP-1000 reactors would be built in Andhra Pradesh.
The trip was more about understanding the Indian market, but was also about signaling to the world that Apple has arrived in India
Cook meets the 65-year old prime minister in New Delhi on Saturday, and will be hoping Modi's enthusiasm for phones can help Apple as it tries to bolster sales in India.
Apple is also expected to announce plans for a startup accelerator in India to work more closely with the Indian developer community that works on the company's iOS and OS X software platforms
Cook's visit, following a trip to China, comes at a crucial time as Apple looks for new growth markets after posting its first ever decline in iPhone sales
While many promises remain unrealised, power reforms and the creation of tens of millions of new bank accounts have helped Modi maintain his popularity
The profit boost for studios will in large part be driven by the rush for local-language content from platforms like Netflix Inc
Samsung recently introduced its "S bike" mode, a feature targeted at India's legions of motorbike riders that, when activated, notifies callers that the phone's owner is riding and cannot answer
Monsanto has taken the government to court over the royalty.
Internal management tensions, stiff opposition from Chinese handset makers led to halving of the company's market share
Prime Minister Narendra Modi's landslide election in 2014 raised hopes he would draw a line under India's socialist past, cut welfare and reduce the government's role in business.
The country holds one of the biggest opportunities for Uber as more Indians start using smartphones
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015