Infosys has called for a press conference today to address issues raised by co-founders on oorporate governance and high executive pay at the company. While the company is expected to show investor letters of support, CEO Sikka will have to address the issues raised by Narayana Murthy, including thequestions of high severance payouts and the appointment of Jayant Sinha's wife as a director.

Deceleration from demonetization: India’s monthly oil demand in January fell the most since May 2003 as the government’s demonetization of high value Rs. 500 and Rs. 1000 notes continue to drag on the economy.

Fuel consumption fell 4.5% to 15.5 million tonnes in January from 16.2 million tonnes a year ago, the oil ministry’s Petroleum Planning and Analysis Cell said. Indian companies have been expecting that the fourth quarter will mark a recovery for the economy from demonetization, but Jan numbers suggest that caution is still recommended.

Stock in spotlight: Midcap company L&T Finance Holdings has hit a new 52 week high today. The firm saw better than expected profitability and return ratios in its Q3 results. 

Photo of the day: Eye on the ball, or ball on the eye? A football fan at the match between Burnley and Chelsea. Jason Cairnduff/Reuters