A look at the headlines in this sector right now:

  1. Exemptions set for use of Rs 500 notes to end at midnight: After Wednesday, the public will only be able to deposit these notes in their bank accounts till December 30.
  2. Minority shareholders at three Tata companies move Bombay High Court against Nusli Wadia’s removal: The three firms – Tata Chemicals, Tata Motors and Tata Steel – have called meetings next week to remove Wadia and Cyrus Mistry as directors.
  3. Retail inflation drops to two-year low of 3.63% in November: Demonetisation has affected demand and people’s purchasing power, according to analysts.
  4. Rs 12.4 lakh crore in demonetised notes collected after November 8, says RBI: The apex bank directed banks across the country to store CCTV footage of operations between November 8 and December 30.
  5. 93% of TCS shareholders voted for Cyrus Mistry’s removal as director: The ousted Tata Sons chairperson had skipped the Extraordinary General Meeting, after urging shareholders in a letter to ‘vote with their conscience’.
  6. Poor demand brings down silver prices by Rs 100 in India: Gold, on the other hand, remained firm at Rs 28,450.
  7. India’s wholesale inflation drops for third straight month to 3.15% in November: Lack of demand and people’s current low purchasing power because of the currency ban resulted in the decrease.