India's landmark tax reform, the GST, looks likely to miss the April deadline set by the government for implementation after yet another meeting between central govt and state officials ended without an agreement on who would control revenues and administration of the tax. The meeting instead reportedly descended into argument over the effects of demonetization on the various states. 

Republican presidential candidate Donald Trump has frequently targeted India in speeches, on the heavy use by Indian IT companies of H1B visas. While Trump has contradicted himself on 'banning' H1B visas, he recently announced at a rally that one of his first orders would be to investigate visa abuses. Nasscom responded to Trump's comment, saying that such protectionist moves would not create jobs in the US, but would only hurt innovation and result in higher prices. 

Tata Sons now claims that the continuation of Cyrus Mistry on company boards could split the group, while Mistry has responded that he has only been trying to save the companies from the "whimsical ineptitude" of Ratan Tata. 

Stock in spotlight: TTK Prestige, which has gained 40% overall from its 52 week low. 

Photo of the day: A shepherdess walks with her flock of sheep after a day of snow in Turkey. Anadolu Agency/Getty Images