Are we seeing a recovery in demand?: India's manufacturing services activity has grown pretty rapidly in October, thanks to rise in both domestic and foreign demand. Indian factory output is at its fastest pace since the last two years. If this trend holds, RBI may cut interest rates further next month.

Government services - exams, driving licenses, passports - are going to be more expensive, now that the Finance Ministry has asked departments to raise charges to cover their costs. "Self-sufficiency" is what the Central government is now pushing for, marking a shift in thinking away from the view that these services should be subsidised. 

While Cyrus Mistry is out of Tata Group's holding company, he is still the Chairman of Tata Power, Indian Hotels and Tata Motors. Tata Sons doesn't have enough stock to evict him from those companies. The dual power structure is likely to make the Tata Sons' successor's job a lot more difficult. 

Stock in spotlight: Bharti Infratel, whose price has crossed above its 200 day SMA on news of stake sale by the parent company. 

Photo of the day: A police officer shows schoolgirls the workings of a gun during Raising Day celebrations in Chandigarh. Reuters/Ajay Verma