Stock in spotlight: The Indian markets are closed today on account of a holiday, but we are not missing a stock in spotlight - today this is the publishing company Navneet Education (NELI). NELI dominates the market in Gujarat and Maharashtra for supplementary education material for board exams. The change of syllabus for Xth and XIIth in both states during FY18 is a boost for the company. The stock price has soared on high volumes over the past week.

The government may issue an ordinance, that enables the Reserve Bank of India (RBI) to handle stressed assets, as it works to resolve bad banking loans. With stressed assets at Indian banks amounting to more than $140 billion - as much as 6% of India's total GDP - the government is examining ways to address a problem that is weighing on credit growth and the overall health of the banking sector. Bad loans have continued to grow through FY17, although the rate of growth has slowed. 

The US Citizenship and Immigration Services agency has made it harder for companies to bring overseas tech workers - especially programmers at the lowest wage level - into the United States using the H-1B work visa. The agency has issued new guidelines to combat what it called "fraud and abuse" of the H1B visa program, tightening eligibility requirements for workers applying for the visas, and requiring that companies show advanced knowledge and skills are required for the job the H1B worker is being recruited for. These changes will impact tech outsourcing companies more significantly, with Cognizant, Infosys and TCS the most affected firms. 

Photo of the day: Emergency vehicles gather after the explosion at St. Petersburg metro station in Russia. Ruslan Shamukov/AFP/Getty Images