Mistry is reportedly stepping back from legal challenges to the Tata Sons group, and is instead focusing on the effective running of the group companies, and the need to follow corporate governance norms. Mistry still has a lot of skin in the game - he remains Chairman of key companies, and his family heads Shapoorji Pallonji, which is the second-largest shareholder in Tata Sons with a 18.4% stake. (The ties between the Tatas and the Mistrys include family - Cyrus' sister Aloo is married to Noel Tata, Ratan Tata's half-brother). Mistry's focus is now apparently ensuring that the companies generate good returns for shareholders. 

Major crop planting is at risk due to an unavailability of cash, despite a late move by the government to loosen up withdrawal limits for farmers - farmers say they have two weeks left to plant crops like wheat, mustard and chickpeas. Missing the planting window due to inability to buy seed risks the production of major commodities and would hurt farmers still recovering from droughts since last year. Farmers are likely to take a big hit in already low incomes, with them earning an average of just Rs. 12,000 per hectare from the harvest.

Infosys CEO Vishal Sikka says that the company is preparing for an anti-immigrant backlash once Donald Trump takes office. One of Trump's core promises was to 'build a wall' along the Mexico border to keep immigrants out, and Indian IT companies expect new restrictions on US work visas for Indian workers. Sikka says that they plan on hiring more American workers for onsite projects, which would mean downward pressure on company margins, which are already hurting post-Brexit and competition from smaller software firms. 

Stock in spotlight: Phoenix Mills, which has seen high volumes with the stock up this week - despite customers cutting spending in the short term with demonetization, the company is expected to cut its debt and see better rentals in its mall spaces. 

Photo of the day: A white owl rescued from an eagle attack in Cubbon Park, Bangalore. Jagadeesh NV/EPA