Amazon removed doormats resembling the Indian flag from its Canadian website on Wednesday, after an Indian government threat to rescind visas of the U.S. company's employees if they did not stop selling the product. external affairs minister Sushma Swaraj said on Twitter. "They must withdraw all products insulting our national flag immediately."

Reserve Bank of India (RBI) data reveals that the currency in circulation and available to users has continued to shrink. In the first week of January currency available fell by 4.3%, with the intro of new notes unable to so far boost the supply to earlier levels. The amount of currency in circulation has come down from Rs 17,97,700 crore in November to Rs 8,98,020 in January. 

Stock in spotlight: APL Apollo Tubes hit a lifetime high today after winning two new design patents. 

Photo of the day: Always room for chai - a man buys a cup of tea while he stands guard near barbed wire outside a court. Beawiharta/Reuters