The RBI said shortage \"may be felt\" in some pockets largely due to logistical issues of replenishing ATMs frequently and the recalibration of ATMs being still underway. Meanwhile, the printing of Rs 2,000 notes has also been halted for a past few days.

Chinese e-commerce companies are making inroads in India.

As the government awaits expression of interest for Air India stake sale, International Finance Corp (IFC) of World Bank Group has said it is \"watching the process closely and may get involved at a later stage\".

A deal with Flipkart would step up Walmart's battle with Amazon.com for a bigger share of India's fledgling e-commerce market, which Morgan Stanley estimates will be worth $200 billion in a decade. Local media have reported that Amazon is exploring a possible counter offer for Flipkart.

Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, has signed a pact with a consortium of Indian oil companies to jointly develop and build a mega integrated refinery and petrochemicals complex, Ratnagiri Refinery & Petrochemicals Ltd. (RRPCL), in Maharashtra.

According to the statement, a pre-feasibility study for the refinery has been completed, and the parties are now finalising the project's overall configuration.

In January this year, the B-school had pulled off an equally impressive showing during the summer placements for the third batch of PGP students.