A look at the headlines in the sector right now:

  1. No post-remonetisation withdrawal limit from savings accounts March 13 onwards: The RBI said the cap will be raised to Rs 50,000 from February 20.
  2. RBI keeps key rates unchanged, raises concerns about Brexit and uncertain US economic policy: The central bank took a cautious stance despite expectations of a cut.
  3. Tesla may debut in India later this year, says Elon Musk: While the Model 3 sedan is available for $35,000, its price in India will be much higher after a hefty import duty is levied.
  4. Infosys shares drop over 1% after reports say its founders raised governance concerns with its board: The stock hit a low of Rs 933.30 on the Bombay Stock Exchange Sensex.
  5. Sensex ends lower after RBI keeps repo rate unchanged: The BSE index plunged over 180 points after the central bank’s announcement.
  6. Facebook shareholders seek to replace Mark Zuckerberg with independent board chairperson: In a proposal submitted by four SumOfUs members, they said an independent chair will be able to provide a balance of power between the CEO and the board.
  7. Lok Sabha passes Bill to make holding more than ten old notes illegal: Arun Jaitley said the Specified Bank Notes (Cessation of Liabilities) Bill would eliminate the possibility of them being used as a parallel currency.