Before Trump's inauguration, many analysts suggested that his campaign promises were hyperbole - that his promises of building a wall, taxing imports and banning Muslims from entering the US were campaign talk, and not likely to be actual policy.

One week into the Trump administration however, has proved that Trump was serious, immediately passing orders towards building a wall on the Mexican border, and signing an executive order banning all refugees, and banning immigration from seven countries including Iran, Iraq, and  Syria. Protests have mounted outside US airports as international travellers were detained at airports and some sent back. The Trump administration is now reportedly considering adding Pakistan to the list. 

Reliance Defence and Engineering has signed a Rs. 916 crore contract with the Ministry of Defence for 14 fast patrol vessels, for the Indian Coast Guard. This is the first time a private sector shipyard has won a design and build contract for such vehicles from the Indian Armed Forces. 

Stock in spotlight: Geojit Financial Services Limited, which has declared a 19% increase in revenues and a 83% increase in net profits YoY for its Q3.

Photo of the day: People take photographs of the Beating the Retreat ceremony in New Delhi. Cathal Mcnaughton/Reuters